Turkish steel producers have continued to book deep-sea scrap cargoes this week, with prices falling further, sources said on Wednesday May 15.The mills were trying to keep their deep-sea scrap purchases as slow as possible, to put downward pressure on prices, because demand for long steel products was sluggish and values were falling, Fastmarkets was told.But two steel mills came to the market...Read More

Seaborne iron ore prices picked up on Wednesday May 15 following gains in China's futures market, and amid concerns that BHP's mine maintenance could affect supply at a later date.MB 62% Fe Iron Ore Index: $96.95 per tonne cfr Qingdao, up by $2.61 per tonne.MB 62% Fe Pilbara Blend Fines Index: $95.63 per tonne cfr Qingdao, up by $2.61 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $98.53 per tonn...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 transactions: iron oreIron oreVale, Beijing Iron Ore Trading Center (Corex), 90,000 tonnes of 65% Fe Iron Ore...Read More

Prices for seaborne coking coal to China regained some upward momentum on Wednesday May 15, with a transaction being concluded above prevailing levels.A top Australian brand with laycan set for June 19-25 was traded at $212.66 per tonne cfr China, sources told Fastmarkets during the day. This is $1.11 per tonne higher than a transaction involving the same brand late last week.On the same day, anot...Read More

The possibility of another auction of indium stock held by the defunct Fanya Metal Exchange has weakened the buying appetite of consumers both in China and abroad. Word had circulated in the market since last week that around 20-100 tonnes of indium held in Fanya's warehouses could be auctioned by the end of May, market sources told Fastmarkets MB. Officials from the Alibaba online platform, where...Read More

China's domestic rebar prices regained some losses on Wednesday May 15 amid a pick-up in trading activity after futures rebounded.Domestic Eastern China (Shanghai): 4,000-4,010 yuan ($582-583) per tonne, narrowing from 3,990-4,040 yuan per tonneNorthern China (Beijing): 3,930-3,980 yuan per tonne, up 20 yuan per tonneA Shanghai-based trader said trading activity during the day was better than on T...Read More

China's hot-rolled coil prices were largely steady on Wednesday May 15 amid sparse trading in the domestic market, though trading activity in the export segment appeared to pick up after exporters cut their offers.DomesticEastern China (Shanghai): 3,990-4,000 yuan ($580-582) per tonne, unchangedNorthern China (Tianjin): 3,870-3,880 yuan per tonne, narrowing from both endsTrading was persistently t...Read More

Markets were looking brighter on the morning of Wednesday May 15, with the equities and metals firmer, this despite some further poor economic data in China and the uncertainty about which direction US-China trade talks will go.China's CSI 300 up by 2.6%; LME base metals up an average of 0.4%, after a 1.2% gain on TuesdayChina's fixed asset investment, industrial production and retail sales, all c...Read More

Some mobile phone producers have started to develop devices that support the fifth generation (5G) network, but long-term support for cobalt demand from 5G phones will be limited, Fastmarkets heard on the sidelines of a cobalt conference in Hong Kong this week.There was likely to be an instant boost for cobalt demand, however, when many consumers replaced their 4G mobile phones with those enabled...Read More

Minor metals and ferro-alloys trader Mart?-n N????ez has joined Swiss commodity trading house ArrowMetals after spending five years at UK-based TMT Metals Holdings (TMT), Fastmarkets learned on Wednesday May 15.N????ez joined TMT in April 2014 where he traded ferro-alloys, non-ferrous metals and...Read More

The following Fastmarkets minor metals prices changed on Wednesday May 15:Minor metalsAntimony MB Chinese free market MMTA standard grade II, yuan/tonne: 40,000-41,500 yuan per tonne from 42,000-43,000 yuanBismuth MB free market, $/lb: $3.30-3.50 per lb from $3.30-3.70Cobalt MB China...Read More

Follow up on this year's Fastmarkets Battery Materials Conference in Shanghai with this comprehensive downloadable PDF that brings together the full coverage from the event.Our Battery Materials Conference 2019 in Shanghai in April was one of the many industry-leading events we curate, organize and run, bringing together the biggest OEMs, battery manufacturers, cathode makers and chemical companie...Read More

Import prices for stainless steel in East Asia declined over the week ended Wednesday May 15 because of low buying interest in a bearish market that followed the escalation of trade tensions between China and the United States.China has announced that it will increase duties on $60 billion-worth of US goods from June 1, in a retaliatory action after the latter country raised tariffs on $200 billio...Read More

The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday May 15:Aluminium scrapLoose old rolled cuttings: ?650-675 per tonne from ?660-680Cast wheels: ?1,080-1,100 per tonne from ?1,100-1,130Commercial turnings: ?550-580 per...Read More

Prices for mesh-quality wire rod in Europe fell this week following a drop in finished mesh product prices and due to buyer hesitance, sources told Fastmarkets on Wednesday May 15. Fastmarkets' weekly domestic price assessment for mesh-quality wire rod in Northern Europe fell to ?,?515-535 ($578-600) per tonne delivered on Wednesday, down ?,?10-15 week on week from ?,?525-550 per tonne delive...Read More

CLICK HERE TO SEE WHAT CITY TOMMY SOTOMAYOR WILL BE IN NEAR YOU & PURCHASE TICKETS FOR THE ANTI PC TOUR! https://www.tjskoc.com/preordertickets/click here to join the new Good Morning Sotonation Channel! https://www.youtube.com/channel/UCC-R...click here to subscribe to the new TNN Raw Channel https://www.youtube.com/channel/UCPg8...CLICK HERE TO SEE WHAT CITY TOMMY SOTOMAYOR WILL BE IN NEAR YOU &...Read More

Please check out myt-shirts and support by purchasing https://shop.spreadshirt.com/kevinsco...Follow me on Twitter https://twitter.com/kevinellerbe32Minorities for Trump on Facebook:https://www.facebook.com/groups/13615...FaceBook https://www.facebook.com/senseoutofno...Read More

1.The short seasonal rally for gold that typically follows India's Akha Teej holiday (May 7 this year) is in play but this time it is being "juiced" by a major U.S. stock market meltdown!2.In a game with nine innings, the U.S. business cycle is probably in the eighth or ninth inning.3.Stock market welfare programs provided by central banks (QE and intense rate cuts) have extended the bull market i...Read More

The best income-producing stocks are often widely known by the market, meaning their prices can be bid up aggressively. Fortunately, there are plenty of high-yield stocks that remain under the radar.Sometimes, however, you’ll need to take a bit of extra risk to get additional yield. You may even need to buy them before they become high-yield stocks.If you’re looking to some extra divi...Read More

New investors turning to the TSX Index for some exposure to the yellow stuff have some solid options at the moment. With gold prices moving higher on U.S.-China trade war nervousness, it’s a good time to follow the crowd and get invested in some precious metals stocks. But which stocks are best for young investors hungry for upside in a competitive and sometimes risky sector?One stock that&#...Read More