Prices for light iron scrap in the United Kingdom have not changed over the past seven days, extending a period of stability into a seventh consecutive week, sources told Metal Bulletin on Friday October 26.But market sentiment suggests that the light iron market may move higher in the near term because demand was firm among the major shredders and there was strong demand from an unusual source ac...Read More
The latest metal markets news and price moves to start the North American day on Friday October 26. Base metals prices on the London Metal Exchange were lower across the board during morning trading on Friday October 26, with a marked downturn in global equity markets prompting further risk-aversion while a continued surge in the dollar index kept prices subdued.The three-month nickel price deprec...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday October 26*Copper -$148.03 (-1,032.21 yuan) Aluminium -$426.44 (-2,973.46 yuan) Zinc -$92.45 (-644.62 yuan) Nickel $512.51 (3,573.62 yuan) *Metal Bulletin calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month prices at 3pm...Read More
The seaborne coking coal spot market was largely stable on Friday October 26 following a flurry of transactions earlier this week.Market sources said that production at the Middlemount mine in Queensland, Australia has been disrupted, and an offer for a December-loading cargo involving a tier-two product from the mine was heard to have been withdrawn. "The issue is being looked into. However, the...Read More
China's hot-rolled coil prices were largely stable on Friday October 26 amid sparse trading.DomesticEastern China (Shanghai): 4,170-4,180 yuan ($600-602) per tonne, narrowing downward 10 yuan per tonneNorthern China (Tianjin): 4,080-4,100 yuan per tonne, unchangedTrading was thin during the day, which kept prices steady for the most part. Downstream demand remained weak, market sources said.This w...Read More
The uncertainty in the geopolitical, macroeconomic and political spheres is slowing the market activity in the minor metals sector, sources told Fastmarkets on Friday October 26.The threat of a no-deal "Brexit" (the UK leaving the European Union with no agreement in place to govern the process), the rise of protectionism and the burgeoning trade war between the United States and China are the main...Read More
An overview of the minor metals markets in the week ending Friday October 26, and the reasons for any price moves.Read More
The following Fastmarkets minor metals prices changed on Friday October 26:Bismuth MB China domestic, yuan/tonne: 49,000-51,500 yuan per tonne from 51,000-52,500 yuanChromium MB free market alumino-thermic, $/tonne: $10,700-11,500...Read More
European transaction prices for grade-304 cold-rolled (CR) sheets fell dramatically this week because domestic mills are fighting for market share with imported material, sources said.Fastmarkets' weekly assessment for grade-304 CR sheets was ?,?2,200-2,300 ($2,506-2,620) per tonne delivered on Friday October 26, down by ?,?100 per tonne. https://www.metalbulletin.com/My-price-book.html?price=4361...Read More
Prices of several alloy scrap grades eased this week, albeit only marginally - a reflection of continued poor demand and a fall in nickel prices.Fastmarkets MB assessed UK domestic 18/8 scrap solids at ?840-880 ($1,080-1,132) per tonne delivered on Friday October 26, down by ?10-20 from the previous assessment.European import prices for 18/8 scrap solid also slipped, dipping by ?,?10 per tonne a...Read More
The following Fastmarkets non-ferrous European free market scrap prices changed on Friday October 26:Aluminium scrapFloated Frag: ?,?1,000-1,050 per tonne from ?,?1,010-1,060Cast: ?,?920-970 per...Read More
Ferrous scrap prices dipped this week due to weak demand from the key import markets of Taiwan and Vietnam.Sufficient raw material inventory levels and weak demand for downstream rebar and billet products kept major buyers on the sidelines.VietnamFastmarkets MB's assessment of the import price for heavy melting scrap (HMS) 1&2 (80:20) sold into Vietnam was $355-357 per tonne cfr for the week ended...Read More
Name King Ck Actor / Comedy /Youtuber /somali social media Pls Subscribe Like & ShareFadlan Haka ilaawin InaadDhahdo Share Like & CommentRead More
Name King Ck Actor / Comedy /Youtuber /somali social media Pls Subscribe Like & ShareFadlan Haka ilaawin InaadDhahdo Share Like & CommentRead More
Some gold stocks have been more volatile than expected lately, but in general, these stocks are the stocks to turn to for calm in the middle of this storm of market carnage.The price of gold has now rallied almost 5% since the market turned decidedly negative in early October.With this, we have seen gold stocks also rallying, as a function of investors turning to gold for its perceived safety char...Read More
The stock market chaos of the past few weeks has been a little unsettling. Investors have started to question the market leaders, the economy, and high-valuation stocks. Uncertainty has resulted in massive withdrawals from ETF index funds, which have brought the market down even further. If selling turns to panic, gold might be a good place to go. Companies operating in the space are still cheap a...Read More
Max continues his interview with Alasdair Macleod of GoldMoney.com about the credit cycle turning. They also discuss if gold will finally shine, despite interest rates rising, and whether or not China is really planning on 'de-dollarization.'For Part 1 of this interview, CLICK HEREAlasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound...Read More
As the US Justice Department gets ready to investigate Kavanaugh "victim" Julie Swetnick for making false accusations againstContinue...Read More
Continue...Egon von Greyerz is founder and Managing Partner of Matterhorn Asset Management AG & GoldSwitzerland. Since the 1990s Egon von Greyerz has been actively involved with financial investment activities including mergers and acquisitions and asset allocation consultancy for private family funds. This led to the creation of Matterhorn Asset Management, an asset management company based on we...Read More
Gold and its miners’stocks have proven rare bastions of strength during recent weeks’ marketcarnage. They are powering considerablyhigher while nearly everything else burns. The markets’ major sentiment shift is accelerating a young gold upleg,which ought to grow much larger as speculators and investors continue returning. Their collective gold positioning remain...Read More