Malaysia has imposed anti-dumping duties ranging from 2.66-16.13% on hot-dipped galvanized steel coils (HDG) and sheets imported from China and Vietnam, its Ministry of International Trade and Industry (MITI) announced on Friday March 8.The final affirmative duties will be effective for five years - from March 8, 2019 to March 7, 2024 - and should address unfair trade practices, the ministry state...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 oreRio Tinto, tender, 170,000 tonnes of 61% Fe Pilbara Blend fines, traded at $83.01 per tonne cfr China, laycan March 28-April 6.Vale, Beijing Iron Ore Trading Center (Corex), 170,000 tonnes of 65% Fe Iron Ore Carajas, trade...Read More
Physical iron ore prices improved on Tuesday March 12 following advances in China's futures and steel markets, as well as further uncertainty over Vale's supplies from Brazil.MB 62% Fe Iron Ore Index: $85.25 per tonne cfr Qingdao, up $1.46 per tonne. MB 62% Fe Pilbara Blend Fines Index: $84.37 per tonne cfr Qingdao, up $1.18 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $87.35 per tonne cfr Qin...Read More
The seaborne coking coal market softened on Tuesday March 12 with the emergence of lower offers, though trading activity remained thin.A cargo of premium mid-vol hard coking coal was offered at around $208 per tonne cfr China, while another offer for a cargo in the same segment was made on the Global Coal trading platform in the branded segment at $210 per tonne fob Australia, sources said.A cargo...Read More
Vale has temporarily suspended port activities at its Gua?-ba Island Terminal in the Brazilian state of Rio de Janeiro on orders of the Mangaratiba city government, it said on Monday March 11.The Brazilian miner said that it received the notice from the city government earlier on Monday. It did not specify any reason for the suspension.Vale said that it had all the required licenses issued by the...Read More
The Comex copper price jumped in US morning trading on Tuesday March 12 amid a bout of technical buying despite a lack of fresh catalysts. The copper price for May settlement on the Comex division of the New York Mercantile Exchange gained 4.75 cents to $2.9485 per lb. The base metals roundly ignored mounting Brexit uncertainty in Europe, while United Kingdom Prime Minister Theresa May...Read More
A 229-day queue for aluminium has built up at London Metal Exchange-approved warehouses in Port Klang, Malaysia, operated by Istim, according to LME data released on Monday March 11.The wait is now over 100 days more than the queue registered at the end of February. In early February, nearly 100,000 tonnes was canceled in Port Klang - this followed cancelations of around 300,000 tonnes between Jan...Read More
The base metals complex reacted positively to the Dow closing high on Monday 11 during morning trading on Tuesday March 12. The metals roundly ignored mounting Brexit uncertainty in Europe, while UK prime Minister Teresa May prepares to test the mettle of her newly-negotiated deal in a parliamentary vote later today. "The metals have all shown modest gains this morning after yesterday's sell off a...Read More
Key data for the Friday 8 March pricing session in London.Key drivers- Magnesium price increases due to the tight coal supply in China's domestic markets.- A strict round of inspections taking place at all mining companies in North China's Inner Mongolia autonomous region is the main reason for the shortage. This new...Read More
A three-percentage-point cut to the rate of value-added tax (VAT) paid by Chinese manufacturers of metals and minerals will have little effect on export markets, traders have told Fastmarkets.Market sources claim that the low levels of VAT exporters pay now will make the reduction more theoretical than actual.Chinese prime minister Li Keqiang announced the tax cut on March 5. The top rate of VAT,...Read More
Manganese ore production in China could not play a role in replacing seaborne ore due to factors such as quality and production costs, according to panelists at Fastmarkets' Asian Ferro-alloys conference in Hong Kong on Monday March 11.The domestic manganese ore supply in China cannot play a substantial role in the ferro-alloys or steel sector because of two major issues, Lei Fei, China Minmetals...Read More
The three-month base metals prices on the London Metal Exchange were up across the board by an average of 0.5% this morning, Tuesday March 12.Nickel once again led the way with a 1.4% gain to $13,090 per tonne, compared with Monday's close at $12,915 per tonne, while copper was up by 0.6% at $6,459 per tonne, having closed on Monday at $6,421.50 per tonne. Copper and nickel are in the driving seat...Read More
The price of silicon in China's export market was steady in the week ended Friday March 8, with increased spot activity and an upcoming cut to the rate of value-added tax (VAT) paid by Chinese manufacturers of metals and minerals said to have bolstered market sentiment. Sentiment improves in China's export market, prices steady European grade 553 silicon price ticks up, grade 441 equivalent flat U...Read More
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Escucha y Descarga "Se Real" de Oscar Cortez y T3R Elemento http://www.2lin.cc/SeReal | Suscribete al canal oficial de DEL Records https://goo.gl/7BcbxR | Compositor: Gabriel Donate JrDEL Records, es la empresa l?-der independiente de entretenimiento de la m??sica Regional Mexicana en Estados Unidos y M?(C)xico. Desde su lanzamiento en el 2009 la compa???-a ha creado un sin n??mero de exitosos e i...Read More
With little fanfare, gold is staging a nice consolidation in the $1280-$1350 price zone.Please click here now. Double-click to enlarge. A breakout from this $70 trading range would usher in a fresh target of $1400 and perhaps $1420.Note the superb position of the 14,7,7 series Stochastics oscillator at the bottom of the chart.Its great positioning is just one of many reasons why $1280 could...Read More
With volatility and uncertainty rearing its ugly head recently, gold has started to stage a bit of a comeback. For the last few months, the precious metal has pushed above US$1,300 an ounce, making the investment a little more compelling than it once was. For centuries, gold has been a safe-haven asset and store of wealth that many investors still keep as an insurance policy of sorts. For this rea...Read More
The following three Canadian stocks are today's top choices for high-growth potential. These kinds of stocks are usually chosen for their high expected earnings, growth in revenue, or increased cash flow over the upcoming three-year period, as calculated by analysts. Let's sift through the stats and see whether or not they make good investments at this point in time.Questor Technology (TSX:QST)A s...Read More