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WEEKLY SCRAP WRAP: Scrap prices continue to fall on weak demand [CORRECTED]

January 28, 2020 / www.metalbulletin.com

Global scrap prices trended downward during the working week ended Friday January 24 on limited demand that was a consequence of lackluster finished steel sales globally and the lunar new year holidays in East Asia.Turkish import prices drop in latest cargo deal US export prices down on both coasts Taiwan import prices slip on demand dip Indian import prices decline on Turkish price downturn. Turk...Read More

TURKEY FERROUS SCRAP: Local prices down on falling import values

January 28, 2020 / www.metalbulletin.com

Domestic ferrous scrap prices in Turkey have continued to slip over the past week on falling imported scrap values, sources said on Monday January 27.After a steel mill in Turkey booked a UK-origin cargo sold at $277 per tonne cfr for HMS 1&2 (80:20), Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey went down by $6.45 per tonne to $274.25 per tonne...Read More

APEX 2019: Bank Muscat, INTL FCStone/Ed Meir, ABN Amro clinch top spots

January 28, 2020 / www.metalbulletin.com

Bank Muscat's Nishant Bhavsar and Ajit Mauskar led Fastmarkets' Apex 2019 leaderboard for base metals analysis with an accuracy rate of 97.93%. In second place for base metals, SP Angel's John Meyer, Sergey Raevskiy and Simon Beardsmore notched an accuracy rating of 97.31%, while Emirates NBD's Edward Bell took third place at 97.11%. Capital Economics' Kieran Clancy was in fourth place with a...Read More

Government Supporting Business Expansion, Creating Jobs in Timmins

January 27, 2020 / news.ontario.ca

TIMMINS - Today, Greg Rickford, Minister of Energy, Northern Development and Mines, announced an investment of more than $700,000 through the Northern Ontario Heritage Fund Corporation (NOHFC) in three Timmins business expansion projects, helping create nine jobs.Investments include: $593,482 for The Bucket Shop Inc. to build a new paint and blasting facility and purchase new equipment to take on...Read More

METALS-Copper in longest losing streak for six years on China virus fears

January 27, 2020 / www.kitco.com

* Nickel slides to 6-1/2 month low * Copper drops for nine consecutive sessions (Updates with closing prices)By Eric OnstadLONDON, Jan 27 (Reuters) - Copper fell for a ninthconsecutive session on Monday, the longest losing streak in sixyears, as investors worried that a spreading coronavirusoutbreak in China would hit demand in the world's biggest metalsconsumer.Copper tumbled to its weakest in th...Read More

COBALT SNAPSHOT: Cut cathode tightness pushes alloy-grade premium wider

January 28, 2020 / www.metalbulletin.com

Key data from the January 22 and January 24 pricing sessions in London. Key drivers  Tight supply of certain brands of cut cathodes and rounds - either well-sold on long-term contracts, or held firmly in trader hands - saw alloy-grade cobalt prices extend their premium over standard-grade units.  Some market participants reported an...Read More

Daily Gold Market Update 01/27/2020

January 27, 2020 / www.energyandcapital.com

Today is Monday, January 27, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,580.25. It's up 0.53% from yesterday and up 21....Read More

Discussion with Robert Phillips, Managing Director of in Global Corporate Client Group at Nasdaq and Ian Ball President and CEO of Abitibi Royalties

January 26, 2020 / www.metalsnews.com

In our work at Nasdaq, our mission is to help our Global clients maximize their engagement with the capital markets. That includes listings and corporate services, trading, technology and data. We're honored to have over 3,000 on the US listed side, 3,000 companies across the entire spectrum of all market caps and sectors.Dr. Allen Alper:This is Dr. Allen Alper, Editor-in-Chief of Metals News, int...Read More

Energy Stocks Roundup 01/27/2020: ARCH, BOOM, DMLP

January 27, 2020 / www.energyandcapital.com

Today is Monday, January 27, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Arch Coal (NYSE: ARCH), DMC Global (NASDAQ: BOOM), and Dorchester Minerals LP (NASDAQ: DMLP).Arch Coal (NYSE: ARCH)Arch Coal (NYSE: ARCH) is a $829.56 million company today with a one-year return of -33.1%. Let's look at its price-to-earnings (P/E) ratio, its enterprise-value-t...Read More

EUROPE HRC: Sentiment rises on high import prices, good order books at EU mills

January 28, 2020 / www.metalbulletin.com

Domestic prices for hot-rolled coil in Northern Europe were expected to rise due to a combination of uncompetitive import offers and good order books at EU mills, sources told Fastmarkets on Monday January 27.Fastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was ?,?461.25 ($508.42) per tonne on Monday, compared with ?,?460.81 per tonne on January 24.The index was...Read More

Coal Is Not Dead

January 27, 2020 / www.energyandcapital.com

They say coal is dead.And, to some degree, they're right.The use of coal for energy generation here in the United States, for example, has ostensibly peaked.According to the U.S. Energy Information Administration (EIA), coal consumption in America hit a 40-year low in 2019.The EIA says coal's share of U.S. electricity generation fell by 24% last year over 2018. And for 2020 and 2021, the EIA expec...Read More

The INK Canadian Insider Index holds well against steep plunge in copper and oil

January 27, 2020 / www.canadianinsider.com

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the red-hot Index fought hard to break free and clear of 1200 and initially hit an intraday high of 1211.42. However, the INK CIN could not maintain its torrid pace and pulled back into the end of the week, closing at 1198.59 for a loss of 6.33 points or 0.5%.MACD slipped 0.41...Read More

IN CASE YOU MISSED IT: 5 key stories from January 27

January 28, 2020 / www.metalbulletin.com

Here are five Fastmarkets MB stories you might have missed on Monday January 27 that are worth another look.The Section 232 tariffs on steel and aluminium imports into the United States will be applied to select downstream steel and aluminium products, President Donald Trump announced late on Friday January 24.The discount for copper scrap imported into China has narrowed in Ja...Read More

CIS LONG STEEL: Prices drop on low trading, higher competition, scrap slippages

January 28, 2020 / www.metalbulletin.com

Export rebar and wire rod prices for material out of the CIS region decreased in the week to Monday January 27 under pressure from slow trading, increasing competition and falling scrap prices in the global market.Last week, Ukraine-origin rebar was available to foreign customers at $430 per tonne fob Black Sea, but Turkish mills reduced their offer levels over the week by $10-15 per tonne to $430...Read More

APEX 2019: Bank Muscat, INTL FCStone/Ed Meir, ABN Amro clinch top spots

January 28, 2020 / www.metalbulletin.com

Bank Muscat's Nishant Bhavsar and Ajit Mauskar led Fastmarkets' Apex 2019 leaderboard for base metals analysis with an accuracy rate of 97.93%. In second place for base metals, SP Angel's John Meyer, Sergey Raevskiy and Simon Beardsmore notched an accuracy rating of 97.31%, while Emirates NBD's Edward Bell took third place at 97.11%. Capital Economics' Kieran Clancy was in fourth place with a...Read More

DAILY SCRAP REPORT: Market remains silent, sentiment still negative

January 28, 2020 / www.metalbulletin.com

Turkish steel mills held back from deep-sea scrap bookings on Monday January 27, amid talk that they would cut production or resume bookings soon, sources said.A steel mill in the Iskenderun region booked a UK cargo comprising 22,000 tonnes of HMS 1&2 (80:20) at $277 per tonne cfr late on January 22, which sent the daily scrap indices down by $6.45 per tonne.This was only the second cargo booked i...Read More

WEEKLY SCRAP WRAP: Scrap prices continue to fall on weak demand [CORRECTED]

January 28, 2020 / www.metalbulletin.com

Global scrap prices trended downward during the working week ended Friday January 24 on limited demand that was a consequence of lackluster finished steel sales globally and the lunar new year holidays in East Asia.Turkish import prices drop in latest cargo deal US export prices down on both coasts Taiwan import prices slip on demand dip Indian import prices decline on Turkish price downturn. Turk...Read More

Precious Metals Update Video: Gold technicals

January 27, 2020 / news.goldseek.com

By: Ira EpsteinGold's short to long-term technicals:Read More

Breakout in Dollar and T-Bonds Could Be Signaling a Major Tone Change

January 27, 2020 / news.goldseek.com

Friday's nasty stock-market reversal was the most interesting we've seen in a long while. The ostensible cause of the selloff was mounting anxiety over the spread of the deadly coronavirus from China to the U.S. and elsewhere. Three cases have been reported so far in the U.S. and 2,000 worldwide, and although no one seems to expect a major outbreak in North America, it's not hard to imagine a me...Read More

Asian Metals Market Update: January-27-2020

January 27, 2020 / news.goldseek.com

Gold and silver will remain firm as long unless a vaccine to the Chinese corona virus is found. Treatment is there for the virus but there is no vaccine. The quicker the spread of the corona virus globally the quicker will gold and silver rise. Yen will also fall sharply if the numbers zoom. Numbers (of people affected by the corona virus) are suppressed or fudged globally to prevent a panic. Sp...Read More

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