Wall Street may be quiet for the July 4th holiday, but millions of Americans will keep the economy humming as they celebrate the nation's Independence Day this Thursday. Here are some facts and figures about what economic activity we can expect for Independence Day 2019: A Big Day for Eating and Drinking Nearly 90% of Americans plan to celebrate the holiday, spending a total of $6.7 billion on f...Read More
Key data from the July 4 pricing session in London and Shanghai.Fastmarkets' benchmark daily fob Australia alumina index declined to $318.10 per tonne on Thursday July 4 from $319.28 per tonne on the previous day. It remains at its lowest since August 2017 and is down by 12% from $363.08 per tonne on June 4.Chinese free market, metallurgical grade alumina fell to 2,700-2,750 yuan ($400.20) per ton...Read More
Base metals prices on the London Metal Exchange were mixed at the close of trading on Thursday July 4, with price movements largely subdued by a national holiday in the United States while volumes traded were markedly lower.Over the afternoon, tin's three-month price continued its ascent back above $18,000 per tonne, climbing by more than 4% to close at $18,350 per tonne.The metal was subject to i...Read More
The Encrypto Watch designed by Franck Muller (And partnered with Regal Assets) can cost you in the range of $9,800 and $55,880. These watches have a built in cold storage system to safely protect your crypto currencies. You can view the entire collection here or learn more about the features and editions below. These timepieces use the Bitcoin Safetly Orange CYMK and the dial itself is designed us...Read More
Base metals prices on the London Metal Exchange were mixed across morning trading on Thursday July 4, with low liquidity capping three-month prices in broadly narrow ranges.Overnight, tin's three-month price continued to stabilize above the $18,000 per tonne level after falling by more than 6% at Tuesday's close.Forward spreads have also been favorable in tin, with the benchmark cash/three-month r...Read More
Key data from the July 4 pricing session in London and Shanghai.Fastmarkets' benchmark daily fob Australia alumina index declined to $318.10 per tonne on Thursday July 4 from $319.28 per tonne on the previous day. It remains at its lowest since August 2017 and is down by 12% from $363.08 per tonne on June 4.Chinese free market, metallurgical grade alumina fell to 2,700-2,750 yuan ($400.20) per ton...Read More
Growth in South African manganese ore exports continued to slow in the first six months of 2019, shipping data shows. Manganese ore exports from South Africa climbed by about 8% to 8.97 million tonnes in the first six months of the year from the same period in 2018.This compares with an increase of 17% year on year between January-June 2017 and January-June 2018. In the relevant period of 2017, ex...Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets. Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets' price assessment for standard-grade cobalt, in-warehouse, $ per lb Click here for Fastmark...Read More
Curious about how companies can better attract millennial investors? Jim Cramer has some thoughts about what millennials want when it comes to investing. And it's more than just being more eco-friendly, although that's a huge part. Here's what Cramer had to say on the topic: "I think that sustainability is a way to bring in millennial investors, staying out of landf...Read More
While US equities remain upbeat on expectations for looser monetary policy, the base metals continue to reflect the soft economic conditions brought about by the lack of a United States-China trade deal.The strong rebound in gold after the recent correction suggests some investors remain nervous about what lies round the corner.US stocks close at record levels with the S&P 500 closing in on the 3,...Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets. Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets' price assessment for standard-grade cobalt, in-warehouse, $ per lb Click here for Fastmark...Read More
With members of Congress calling for a halt on Facebook's (FB - Get Report) cryptocurrency plans, the executive in charge of the project, tried to dissuade concerns in a blog post on Wednesday. David Marcus, a former president at PayPal (PYPL - Get Report) who's now in charge of Facebook's Libra project, took to (where else?) Facebook to address some of the blowback from lawmake...Read More
The European Commission (EC) should remove its 5% import quota increase as it makes safeguard measures ineffective and puts jobs in the EU steel segment at risk, the European steel association (Eurofer) said on July 3."We call on the EC to heed our call and those of member states that have already expressed concerns about the rise - and to respond by undoing this out-of-step expansion before it fu...Read More
China's hot-rolled coil prices were unchanged on Thursday July 4 although trading activity dropped in the afternoon after futures declined amid chatter that a group of Chinese steelmakers has planned a working group to study the import iron ore market where prices have hit record highs this year.DomesticEastern China (Shanghai): 3,890-3,900 yuan ($565-567) per tonne, unchangedNorthern China (Tianj...Read More
Turkish authorities are considering whether to launch a trade defense case against imports of hot-rolled coil (HRC) from the EU, market sources have told Fastmarkets.European mills have increased their HRC export volumes recently, particularly to Turkey, due to the weak demand in their home markets."The start of an anti-dumping case against EU-origin HRC will entirely depend on the attitude of the...Read More
Steel import volumes into Spain fell to 3.51 million tonnes in January-April 2019, down by 3.1% from 3.62 million tonnes in the corresponding period in 2018, according to Unesid, the country's steel association.Import volumes from non-EU countries fell by 5.8% to 1.17 million tonnes in the first four months of 2019, from 1.24 million tonnes in January-April 2018, with Unesid noting the swift exhau...Read More
The European Commission (EC) has re-adopted a cartel ruling against five Italian rebar producers and imposed fines totalling ?,?16.07 million ($18.14 million), it said on Thursday July 4.The decision related to the companies' participation in a price-fixing cartel between December 1989 and July 2000.The five steelmakers named by the EC were Alfa Acciai, Feralpi, Ferriere Nord (Pittini), Partecipaz...Read More
The price of steel billet imported into Egypt increased in the week to July 4 on higher offers, despite poor domestic demand."Higher offers are because of high scrap and iron ore prices," a local market source told Fastmarkets.Fastmarkets' daily index for Northern Europe-origin HMS 1&2 (80:20) scrap was calculated at $291.88 per tonne cfr on July 4, up from $273.88 per tonne...Read More
The market for pig iron exports from the Commonwealth of Independent States (CIS) has strengthened over the past week following rises in the prices for iron ore and ferrous scrap.Fastmarkets' price assessment for low-manganese pig iron exports, fob main port Baltic Sea, CIS, was up by $5 per tonne to $355-360 per tonne on July 4.Offers of material from Russia's Tulachermet to Europe were reported...Read More
Seaborne iron ore prices fell on Thursday July 4, while futures prices on the Dalian Commodity Exchange plunged after hitting a five-year high earlier this week.MB 62% Fe Iron Ore Index: $122.03 per tonne cfr Qingdao, down $2.72 per tonne. MB 62% Fe Pilbara Blend Fines Index: $122.03 per tonne cfr Qingdao, up $2.72 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $124 per tonne cfr Qingdao, down $...Read More