Prices for ferrous scrap imported into India were expected to fall due to the decline of prices in the international market, sources told Fastmarkets on Friday August 30.Fastmarkets' weekly price assessment for steel scrap, shredded, index, import, cfr Nhava Sheva, India, was $291.20 per tonne on Friday, down from $292.71 per tonne on August 23.Offers of shredded scrap from Europe and the UK have...Read More
Physical iron ore prices rose on Friday August 30 on news that China was willing to proceed with negotiations to resolve its trade war with the United States.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $84.66 per tonne, up by $3.19 per tonne.62% Fe Pilbara Blend Fines, cfr Qingdao: $85.04 per tonne, up by $3.19 per tonne.62% Fe low-alumina fines, cfr Qingdao: $82.69 per tonne, up by $2....Read More
Large price falls in the Asian ferrous scrap market this week have kept buyers away, with most market sources saying they expect more price falls to come in the near term. There were bids from South Korea for bulk cargoes, but no transaction were heard to be concluded. Vietnamese buyers did not exhibit interest for US-origin bulk HMS cargoes due to an abundant supply of alternatives from Japan, Eu...Read More
Prices for seaborne premium hard coking coal moved up on Friday August 30, recovering most of the losses suffered earlier this week and underlining a gap between low-vol and mid-vol cargoes in the segment.Fastmarkets indicesPremium hard coking coal, fob DBCT: $154.01 per tonne, up $5.01 per tonnePremium hard coking coal, cfr Jingtang: $167.54 per tonne, unchanged Hard coking coal, fob DBCT: $134.0...Read More
China's domestic rebar prices picked up some strength on Friday August 30 amid heightened trading activity in response to gains in the futures market.Domestic Eastern China (Shanghai): 3,540-3,590 yuan ($495-502) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,540-3,560 yuan per tonne, up 10 yuan per tonneTraders raised their prices slightly after rebar futures rose during the day. The...Read More
Markets are once again consolidating in the morning of Friday August 30, waiting to see how the United States responds to China's comments that it wants to make a trade deal.While any deal would likely turn sentiment bullish quickly, it does look as though the market is skeptical that anything will come of this. We should be braced for an active day because the next wave of US tariff increases on...Read More
An overview of the minor metals markets and their latest price moves.Read More
Fastmarkets is proposing to make changes to the specifications of two cobalt hydroxide assessments it initially launched in February 2019.The two assessments are the cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low end), and the cobalt hydroxide index 30% Co min, cif China, $/Ib. Following an initial consultation among market par...Read More
The following Fastmarkets minor metals prices changed on Friday August 30:Minor metalsBismuth 99.99% Bi min, in-whs China, yuan/tonne: 40,000-41,000 yuan per tonne from 40,000-41,500 yuanChromium alumino-thermic 99% min, in-whs Rotterdam, $/tonne: $6,800-7,200 from $6,900-7,200Cobalt alloy grade, in-whs Rotterdam, $/lb: $17.00-18.00 per lb from $16.85-17.65Cobalt standard grade, in-whs Rotterdam,...Read More
An overview of the Chinese minor metals markets and their latest price moves.Read More
Southwestern China's Kunming Intermediate People's court will auction all of the 28,336 tonnes of ammonium paratunsgate (APT) held by the collapsed Fanya Metal Exchange in mid September, according to an official notice seen by Fastmarkets on Friday August 30.The volume of APT ingots is equivalent to about three months of Chinese output and will be put up for auction from 10am Beijing time on Septe...Read More
A nickel plant at the Ramu nickel-cobalt project in northeast Papua New Guinea, is still in full operation following the discovery of waste spilling into the nearby Basamuk Bay, according to media reports. Authorities are carrying out investigations into the spillage that was discovered over the weekend and Ramu could face compensation claims and possibly closure after investigation, Reuters repor...Read More
The monthly European alloy steel surcharges for September have surged upward from the August levels on higher nickel prices, Fastmarkets heard on Friday August 30.Fastmarkets' stainless steel cold-rolled sheet, 2mm, grade 304 alloy surcharge, domestic, Europe, rose to ?,?1,519-1,557 ($1,681-1,724) per tonne, according to data released by Outokumpu, Acerinox and Aperam. This was an increase of ?,?1...Read More
Grade-304 stainless steel flat product prices in Europe widened upwards this week, while mills confirmed that alloy surcharges for September would increase substantially, sources told Fastmarkets on Friday August 30. Fastmarkets' price assessment for stainless steel cold-rolled sheet, 2mm, grade-304, transaction domestic, delivered North Europe, was ?,?2,300-2,350 ($2,546-2,601) per tonne on...Read More
Fastmarkets MB has corrected its monthly values for European grade-304 stainless steel alloy surcharges, which were published incorrectly on Friday August 30. The Fastmarkets stainless steel cold-rolled sheet 2mm grade 304 alloy surcharge domestic, Europe price assessment was originally published at ?,?1,889-1,934 per tonne. This has now been corrected to ?,?1,519-1,557 per tonne. The Fastmarkets...Read More
Hey guys and gals,LINK to curl and adjustment picture: https://imgur.com/a/QJ2BOL0-CHECK OUT OUR NEW WEBSITE-https://www.golfclashtommy.comThis video is sponsored by Golf Clash and Playdemic.This is the guide and tutorial for the Golden Shot, difficulty level is hard. We are going to play Hole 2 of the Porthello Cove.Let me know if you do have any questions.www.patreon.com/golfclashtommy for train...Read More
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After Apollo 11 returned from the Moon they were picked up by the USS Hornet, and that's where Neil Armstrong took his first steps back on Earth. Today this ship is a floating museum in Alameda full of exhibits covering it's various roles in wartime and peace, it's a pretty cool place for fans of history.https://www.uss-hornet.org/Read More
The Purchasing Managers' Index (PMI) fell to 49.5 this month, below the 50-point mark that separates expansion from contraction.Continue...Read More
Gold drew the attention first, and now the silver market has heated-up, and Rick breaks down what it all means...by Chris Marcus via Arcadia EconomicsWith increasing attention being drawn to the gold market, as central banks around the globe are cutting rates and getting ready for QE, the silver market has started to heat up as well.And with many wondering whether this is another false start, or f...Read More