Iron ore prices were rangebound on Friday June 21 with more concerns raised over the profit margins of Chinese steelmakers.MB 62% Fe Iron Ore Index: $116.98 per tonne cfr Qingdao, down $0.27 per tonne. MB 62% Fe Pilbara Blend Fines Index: $115.78 per tonne cfr Qingdao, down $0.27 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $118.46 per tonne cfr Qingdao, down $0.33 per tonne. MB 58% Fe Premium...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 ore Iron ore BHP, Global Ore, 90,000 tonnes of 62% Fe Newman fines, traded at the July average of a 62% Fe index at a premium of $5.65 per tonne, July arrival. BHP, Global Ore, 170,000 tonnes of 62%...Read More
The London Metal Exchange has reintroduced a matched bargain service to facilitate the buying and selling of B shares across its membership structure, it said in a note to members on Friday June 21.Stemming from the bourse's Strategic Pathway, which began in 2017, the LME pledged to provide an adequate matched bargain facility and leasing scheme for B shares after its previous service was disconti...Read More
Trading was active in China's export hot-rolled coil market on June 21, with traders rushing to restock on expectations that prices will gain further. Domestic Eastern China (Shanghai): 3,780-3,800 yuan ($550-553) per tonne, up 10-20 yuan per tonne. Northern China (Tianjin): 3,770-3,780 yuan per tonne, narrowing upward 10 yuan per tonne. Prices climbed further on Friday on futures g...Read More
Iran's shooting down of a US drone has raised tensions in the Middle East, with gold and oil prices extending gains, while equities in Asia have weakened.Spot gold price reaches high of $1,411.90 per ozUS President Donald Trump reportedly ordered an attack on Iran, which was later aborted Asian equities weaker across the board Base metals Three-month base metals on the London Metal Exchange were f...Read More
Base metals prices on the Shanghai Futures Exchange were broadly down during the morning trading session on Friday June 21, with nickel leading the charge lower.The most-traded August nickel contract stood at 98,450 yuan ($14,332) per tonne as at 10.15am Shanghai time, down by 1,430 yuan per tonne, or 1.4%, from Thursday's close of 99,880 yuan per tonne.The rest of the complex, barring tin, were i...Read More
The latest selenium transactions, bids, offers and assessments in Europe reported to Fastmarkets.Unless otherwise stated, all prices are per lb and on an in-warehouse Rotterdam basis. Delivered prices are netted back.To view the latest price assessment, click here.To see all Fastmarkets' pricing methodology and specification documents, go to www.metalbulletin.com/prices/pricing-methodology.Friday...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The following Fastmarkets minor metals prices changed on Friday June 21:Minor metalsBismuth MB free market, $/lb: $3-3.20 per lb from $3-3.30Bismuth MB China domestic, yuan/tonne: 42,000-43,000 yuan per tonne from 41,500-43,500 yuanCobalt MB free market alloy grade, $/lb: $14.50-15.15 per lb from $14.60-15.30Cobalt...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Prices for flat stainless steel products produced and delivered in Europe fell his week because of low demand and an expected surge of imports from July 1, Fastmarkets heard on Friday June 21. One European producer posted monthly alloy surcharges for July at lower levels than for June; others are expected to follow suit. Anticipation of these decreases is also believed to have weighed on stainless...Read More
The following Fastmarkets non-ferrous European free market scrap prices changed on Friday June 21:Aluminium scrapCast: ?,?850-870 per...Read More
Ferrous scrap prices in Asia continued to trend downward this week, but a rebound might be on the horizon, market sources told Fastmarkets MB.This is because scrapyards in the United States and Japan are facing very thin margins and are unlikely to lower their prices any further, they said."The downtrend is still present, especially with long steel still being offered at low prices by mills in Tur...Read More
MUSIC PRODUCED BY KILLSTATION-DIRECTED BY JMPDP MIKE KOZIELVIDEO PRODUCED BY COSMO ORLANDO & JIORGI MILLERAC FRANKLIN RICARTSTEADY CAM ASER SANTOSGAFFER SETH STERNGRIP TJ SIGNAIGOVFX BY STRIPMALL PRODUCTIONSEDIT JMP & NOLAN SANTANACOLOR JMPMAKEUP CAROLINE MINER SMITHLEAD ACTRESS LAYLASHAPIROCOPS ADAM KAPLAN & DAVID PIVTORAKEMT DREW PERCIVAL & MADELIN ANTICMORGUE SYDNEY KRAMERGEAR FROM BIRNS & SAWY...Read More
David Stockman appears on "Closing Bell" (CNBC, June 21, 2019)David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of...Read More
Harley Schlanger's work can be found at LaRouchePAC.com.Read More
David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a prolific author, having penned Get t...Read More
Douglas MacKinnon is a former White House and Pentagon official and author of "The Forty Days: A Vision of Christ's Lost Weeks." (Simon & Schuster, 2016).Continue...Read More
"Iran cannot have Nuclear Weapons! Under the terrible Obama plan, they would have been on their way to Nuclear in a short number of years, and existing verification is not acceptable. We are putting"Continue...Read More