An overview of the aerospace materials markets and the latest price moves.Fastmarkets has reworked the market reports...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou, Sally Zhang, Carrie Shi, Jon Stibbs, Cristina Belda,...Read More
The price of stainless steel scrap in Europe and the UK moved up this week because of tight supply and higher nickel costs, sources told Fastmarkets on Friday November 13.Fastmarkets' weekly assessment for stainless steel scrap, 18/8 solids, domestic, delivered merchants UK, was ?950-1,000 ($1,251-1,317) per tonne on Friday, up by ?20-50 per tonne week on week from ?930-950 per tonne.Prices in...Read More
Improving demand for finished and semi-finished steel products across the major outlets has increased scrap prices in the major markets over the week to Friday November 13.Turkish mills continued to pay more for deep-sea scrap cargoes, because they have secured a lot of rebar sales, while demand for billet in China drove up the prices in Asia. The supply of scrap, however, was tightening and suppo...Read More
The market for deliveries of steel scrap to domestic consumers in the UK has increased for contracts in November, bouncing on firm fundamentals, with tighter supplies into yards and strong demand from local and overseas buyers, industry sources said in the week to Friday November 13.The market to domestic steel mills and foundries, which is delivered on a monthly basis, has been settled at prices...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou, Sally Zhang, Carrie Shi, Jon Stibbs, Cristina Belda,...Read More
China's battery-grade lithium carbonate producers continued to increase their offer prices in the week to Thursday November 12, citing reduced availability of materials, while the rest of the global market was characterized by limited spot buying appetite.China's battery-grade lithium carbonate producers remain bullish on the outlook for the rest of this year, pushing offer prices higher. China's...Read More
Continued growth in China's automotive sales and output during October has underpinned prices for some key upstream raw materials.China produced a total of 2.55 million vehicles last month, an increase of 11% from a year earlier, according to data released by the China Association of Automobile Manufacturers (CAAM) on Wednesday November 11. This marked the seventh consecutive month that both outpu...Read More
US hot-rolled coil prices continue to hover around $36 per hundredweight ($720 per ton) amid fears that scant spot availability could snarl downstream supply chains, market participants said.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $35.96 per hundredweight on Friday November 13, little changed from $36 per cwt on November 12 and up 4.4% from $34.43 per cwt a we...Read More
Gold prices remained lower this week despite fading optimism over Pfizer's coronavirus vaccine and a record number of coronavirus cases in the U.S.But the vaccine really wasn't the only thing pulling down the price of gold over the past few days.Last Friday, November 6, the price of gold rallied to a six-week high as the U.S. dollar fell and the pound sterling rose.Gold Prices Three MonthsThe Brit...Read More
Import prices for flat-rolled steel rose sharply in South America during the week to Friday November 13, with negotiations for January shipments starting to settle faster than expected due to drastically higher offers from China, market participants told Fastmarkets."China is increasing prices fast, and there is no doubt those higher offers are becoming predominant," one Brazil-based trader source...Read More
Indian mills were seeking a price increase of $20 per tonne for exports of steel hot-rolled coil because the domestic price of the commodity was expected to continue to rise for the rest of this year, Fastmarkets heard on Friday November 13.All three major Indian HRC exporting mills were currently out of the export market."[Indian mills] may consider prices of $555-565 per tonne fob for HRC export...Read More
The US Department of Commerce has set affirmative preliminary anti-dumping margins against imports of pre-stressed concrete (PC) steel wire strand from Indonesia, Italy, Malaysia, South Africa, Spain, Tunisia and Ukraine. Commerce found that PC strand was dumped into the United States at the following rates: Indonesia: 2.96-72.28% Italy: 3.67-19.26% Malaysia: 3.70-18.93% South Africa: 59.27% Spain...Read More
Domestic steel rebar prices in Poland held steady in the week to Friday November 13, despite weakening buying activity, sources told Fastmarkets.During the assessment week, purchasing slowed down in the Polish rebar market, although local producers were "not ready for any significant price cuts," market participants told Fastmarkets."Demand is worse than in October, but mills a...Read More
Eastern China's domestic prices were unchanged on Friday November 13 amid healthy demand ahead of the weekend despite early losses in the futures market. Spot prices in the region ended the week 170 yuan per tonne higher, however. DomesticEastern China (Shanghai): 4,060-4,090 yuan ($614-619) per tonne, unchanged Northern China (Beijing) weekly assessment: 3,930-3,960 yuan per tonne, up by 170 yuan...Read More
The price of stainless steel scrap in Europe and the UK moved up this week because of tight supply and higher nickel costs, sources told Fastmarkets on Friday November 13.Fastmarkets' weekly assessment for stainless steel scrap, 18/8 solids, domestic, delivered merchants UK, was ?950-1,000 ($1,251-1,317) per tonne on Friday, up by ?20-50 per tonne week on week from ?930-950 per tonne.Prices in...Read More
Should the country be locked down? Mass destruction of small businesses. Is it a deliberate crushing of the economy to implement the Great Reset. Socialism is collapsing. All their programs are unfunded and there's no ability to fund them. Negative interests rates and mass monetization have failed. According to Martin they're looking at Communism 3.0. See Klaus Schwaab. They can't sell bonds any m...Read More
Harley Schlanger's work can be found at LaRouchePAC.com and The Schiller Institute.Read More
Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and is the author of the book: 7 Steps to Win With Logic.Known primarily by his nickname "Turd Ferguson," Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast, covering precious metals, the financia...Read More
Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. He has a free daily newsletter at www.harrydent.com called "Survive and Prosper." Mr. Dent accurately predicted Japan's collapse in 1989, the d...Read More