CHINA HRC: Domestic prices rise after removal of more steel export rebates

China's domestic hot-rolled coil prices rose on Friday July 30, while export prices held stable after tax authorities announced the cancellation of more steel export rebates.

Domestic
Eastern China (Shanghai): 6,000-6,010 yuan ($929-930) per tonne, up by 60-80 yuan per tonne
Northern China (Tangshan): weekly assessment: 5,880-5,920 yuan per tonne, up by 160-190 yuan per tonne

The most-traded HRC contract on the Shanghai Futures Exchange for October delivery notched a new two-month-and-a-half high of 6,185 yuan per tonne on Friday after market participants reacted positively to the latest changes in China's steel export...

Silver outperformance driven by weak supply growth

Supply data still points to major silver deficit this year

Canada second most significant player in global mining M&A

Plenty of potential for continued rotation out of tech

Platinum to palladium ratio low, platinum to gold high, versus history