Import prices for steel slab in Southeast Asia and East Asia dipped slightly over the past week amid softening demand in the region.Fastmarkets MB's weekly import price assessment for slab in Southeast Asia and East Asia was $490-495 per tonne cfr on Monday April 8, narrowing downward by $5 per tonne from $490-500 per tonne a week earlier.Mills in...Read More
Eastern promise for PolarXSPONSOREDpolarxThe DRC project is set to produce extremely high-grade concentrate containing 57% copper with essentially zero arsenic when the 6 million tonnes per year Kakula mine comes on stream, possibly fromRead More
Seaborne iron ore prices corrected down slightly on Tuesday April 9 after surging past $95 per tonne cfr China on Monday.MB 62% Fe Iron Ore Index: $94.85 per tonne cfr Qingdao, down $0.45 per tonne. MB 62% Fe Pilbara Blend Fines Index: $93.97 per tonne cfr Qingdao, down $0.45 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $96.99 per tonne cfr Qingdao, down $0.61 per tonne. MB 58% Fe Premium Inde...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreVale, Beijing Iron...Read More
An absence of firm offers and bids kept participants in the seaborne coking coal market on the sidelines on Tuesday April 9, with buyers in particular waiting for prices to bottom out."Current seaborne coking coal prices are already 100-200 yuan ($14.90-$29.80) per tonne lower than those for domestic materials [in China]. We are just hesitating about whether the price advantage makes up for the de...Read More
The seaborne iron ore concentrate and pellet markets remained muted in the week ended on Friday April 5 despite the surges in iron-ore fines prices.ConcentrateFastmarkets' weekly MB 66% Fe Iron Ore Concentrate Index stood at $104.12 per tonne cfr China on Friday April 5, up by $7.39 per tonne from March 29.Fastmarkets' daily MB 65% Fe Iron Ore Index averaged $103.64 per tonne cfr China last week,...Read More
The impending bankruptcy which Vietnam's Thai Nguyen Iron and Steel Joint Stock Company is facing will have limited impact on the Vietnam ferrous scrap import market, market sources told Fastmarkets MB this week.This is because the state-owned company has not been buying imported ferrous scrap since the last quarter of 2018."The company lost its scrap import licence last year, and is only purchasi...Read More
Fastmarkets wishes to clarify a discrepancy in the publication of its 65% Fe Value-In-Use Index on March 11.The weekly Fastmarkets MB 65% Fe Iron Ore Value-In-Use Index, indicating the value of a 1% iron content differential in the 63-66% Fe range, was published incorrectly as $1.73 per tonne in the MBIOI email alert and PDF attachment on March 11 and subsequent dates due to an administrative erro...Read More
The three-month copper price on the London Metal Exchange continued its uptrend during morning trading on Tuesday April 9, trading firmly above $6,500 per tonne amid easing trade tensions and a marked slowdown in the dollar index surge. Volumes traded in the red metal top the complex so far this morning, with 5,440 lots changing hands as of 9:20am London time. Zinc's trading volume was just behind...Read More
The London Metal Exchange three-month base metals prices are generally subdued this morning, averaging up 0.2% while trading volume is considerably lower at 5,790 lots as of 06:23am London time on Tuesday April 9. While the United States and China trade negotiations are grinding closer to a positive conclusion, the Trump administration is considering imposing additional tariffs of $11 billion wort...Read More
Base metals prices on the Shanghai Futures Exchange were broadly lower during morning trading on Tuesday April 9, with investors taking a risk-averse stance amid the uncertainties over trade negotiations between the United States and China. "Uncertainty remains over Brexit and US-China trade negotiations, weighing on US investment and global trade......It will be important to watch how investment...Read More
Key talking points across the battery raw materials markets ahead of Fastmarkets' second annual Battery Materials Conference, taking place this week in Shanghai, China. Will China's cobalt metal imports pick up significantly in 2019? When global cobalt metal prices bottomed out in late March and made a quick turnaround at the beginning of April, some Chinese traders and consumers resumed their app...Read More
UG2 chrome ore prices broke a seven-week upward trend on Friday April 5 due to weaker demand after consumers cited sufficient stock, while alloy prices in the United States weakened and were subdued in Europe. UG2 prices slip $1 per tonne, Turkish pump stabilizesAlloy prices steady in Japan, South KoreaAlloy prices hold on Chinese public holidayAlloy prices drop in Europe UG2 chrome ore prices we...Read More
Deeno's voice is my grandmother, who I sat in front of a microphone and asked to explain a day in her life. She went on for about 20 minutes and I took the strangest parts and rearranged their context to fit my visual adaptation of the lines. That's why Deeno is my only character who never swears ????,? OFFICIAL MERCH NOW AVAILABLE: https://shop.bbtv.com/collections/bra...IG: @brandonbored Shot by...Read More
Chinese economic growth is probably the main driver of both physical gold demand and the global bull market in stocks.Please click here now. I'm invested in China through ETFs, bank stocks, and... gold!With the possible exception of HSBC, most analysts in the West appear to be underestimating the resilience of a billion Chinese citizens working maniacally in the private sector. I'll go even furthe...Read More
It seems that Tesla (NASDAQ:TSLA) can't go a week without some big headline impacting its share price one way or another. To some degree, the actual product output of Tesla is almost secondary to the hype surrounding it, with the media focusing on a new sensationalist story on a regular basis.Indeed, some pundits have begun to narrow criticism down to a single word: credibility.Currently down 4% o...Read More
With boosted production in lithium and copper set to water down prices (the latter resource will see an extra millions tons hit the market through 2023), gold remains the metal to get into. Add to this China's current hunger for gold, which is currently helping prop up shares in the yellow stuff and it would appear that the mining industry still has a favourite commodity.Let's see what's going on...Read More
The Dow Jones China Broad Market Index (INDEXDJX:DJCHINA), an ETF designed to track movements in the Chinese stock market, is up more than 32% since the second week of February.If that doesn't tell you anything about the state of the market's current mindset toward the prospects of a potential trade deal between the United States and China, then frankly I'm not sure what will.Not only would a pote...Read More
Chinese economic growth is probably the main driver of both physical gold demand and the global bull market in stocks.Please click here now. I'm invested in China through ETFs, bank stocks, and... gold!With the possible exception of HSBC, most analysts in the West appear to be underestimating the resilience of a billion Chinese citizens working maniacally in the private sector. I'll go even furthe...Read More