The export market for pig iron from Brazil was static this week because buyers showed no interest in purchasing while producers were fully booked until the end of September, Metal Bulletin heard on Friday July 13.Metal Bulletin's weekly price assessment for pig iron exports from the south-eastern Minas Gerais region was unchanged on Friday at $380-385 per tonne fob.Offers from the region were at $...Read More

U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade. JP Morgan gained $0.92 to $107.77 after reporting higher than consensus second quarter earnings.Citigroup eased $0.91 to $67.60 after reporting lower than consensus second quarter revenues.Wells Fargo dropped $1.55 to $54.48 after reporting lower than consensus second quarter revenues.Delta...Read More

Iron ore prices stayed rangebound on Friday July 13 amid continuing concerns about restrictions in China that are intended to reduce environmental emissions.Metal Bulletin 62% Fe Iron Ore Index: $64.04 per tonne cfr Qingdao, down by $0.02 per tonneMetal Bulletin 62% Fe Pilbara Blend fines Index: $62.71 per tonne cfr Qingdao, down by $0.02 per tonneMetal Bulletin 58% Fe Premium Index: $52.03 per to...Read More

China's domestic prices were unchanged on Friday July 13 amid persistently sparse trading, while export prices were largely steady as well for similar reasons.DomesticEastern China (Shanghai): 4,260-4,280 yuan ($638-641) per tonne, unchanged Northern China (Tianjin): 4,150-4,160 yuan per tonne, unchangedDespite slight gains in the futures market, prices in the spot market held steady amid thin tra...Read More

The seaborne coking coal market experienced further decline on Friday July 13 following the latest offers for premium products being made on a trading platform that are some $20 per tonne lower than the last ones.Two cargoes of branded materials were offered on Global Coal at $180-182 per tonne fob Australia during the day, after a couple of weeks of inactivity.A bid was made for a shipment of unb...Read More

Deliverable zinc stocks at Shanghai Futures Exchange-approved warehouses dropped by 16,919 tonnes or 22.6% over the past week to 58,016 tonnes as of Friday July 13. Zinc stocks in the Zhejiang warehouses of Shanghai had the largest decrease of 14,576 tonnes over the past week.The SHFE June zinc contract price closed this week at 20,900 yuan ($3,130.23) per tonne,...Read More

Base metals price on the London Metal Exchange edged mostly lower during morning trading on Friday July 13, pressured by further uncertainty over US-Sino trade relations after the bilateral trade surplus between the two countries widened to record levels in June. While overall exports were recorded at $42.62 billion, China's trade surplus with the United States came in at $28.97 billion for June,...Read More

China's domestic rebar prices were unchanged on Friday July 13 amid soft demand and weakness in the futures market. Domestic Eastern China (Shanghai): 4,060-4,100 yuan ($608-614) per tonne, unchanged Northern China (Beijing): 3,980-4,020 yuan per tonne, unchanged Rebar futures failed to surpass 4,000 yuan per tonne on Friday, with price falls in the afternoon leading to lower buying interest in th...Read More

Base metals markets remain jittery following continued rhetoric from US President Donald Trump over trade. Three-month prices on the London Metal Exchange were down by an average of 0.4% as at 7.32am London time on Friday July 13, with copper prices off by 0.1% at $6,210 per tonne.This follows a general day of consolidation and recovery on Thursday when the complex closed with gains averaging 0.8%...Read More

Ever notice how as time passes, things go in and out of style?My 17-year-old daughter loves wearing jean jackets. Ray-Ban sunglasses are making a comeback. Even the fanny pack is supposedly trendy now!As dividend investors, we often watch fads in the market come and go.For a short time, some investors loved “cloud technology” stocks. And then they shifted focus and moved all their capi...Read More

The following Metal Bulletin minor metals prices changed on Friday July 13:Antimony MB free market regulus, $/tonne: $7,800-8,100 per tonne from $7,900-8,150Antimony MMTA standard grade II, $/tonne: $7,800-8,100 per tonne from $7,900-8,150Bismuth MB China domestic, yuan/tonne: 56,500-57,000 yuan per tonne from 57,800-59,000 yuanChromium MB free market alumino-thermic, $/tonne: $12,700-13,400 per t...Read More

An overview of the minor metals markets and the reasons for any price moves.Read More

The European stainless steel market is quiet and stable, with the slow summer season having fully taken effect this week and participants awaiting the European Commission's (EC) announcement on the possible introduction of safeguarding measures. Metal Bulletin's weekly base price assessment for 2mm, grade-304 cold-rolled (CR) stainless steel sheet in Northern Europe was stable at ?,?1,000-1,050 ($...Read More

Germany's independent competition authority, Deutsches Bundeskartellamt (German Federal Cartel Office), has imposed fines totaling ?,?205 million ($239 million) on "six special steel companies, a trade association and ten individuals" for fixing prices, it said."For years, the companies have coordinated on important price components for the sale of special steel," Bundeskartellamt president Andrea...Read More

The following Metal Bulletin non-ferrous European free market scrap prices changed on Friday July 13:Aluminium scrapFloated Frag: ?,?1,270-1,310 per tonne from ?,?1,280-1,320Cast: ?,?1,170-1,230 per...Read More

UK ferrous scrap prices for deliveries in July have mostly gone up after a jump in prices to Europe's key export destination of Turkey in June, trade sources told Metal Bulletin this week.Firm UK market fundamentals also supported higher prices, the sources added.But, after last month's gains, a fallback in European prices to Turkey so far in July has resulted in some UK deals being agreed at lowe...Read More

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Read the latest articles at Peak Prosperity: https://www.peakprosperity.com/Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early econobloggers who forecasted the housing market collapse and stoc...Read More

Jordan discusses where the market is and why it failed to break-out. Traders were anticipating a breakout, and many are likely disappointed. The dollar is consolidating and now above the long-term moving average. Concerning GDX and GDX.J, things are still pretty dull. Jordan warns that, "Silver is also on the verge of breaking down out of a triangle." We're not entering a new bear market but are l...Read More

China appears to have more to lose from a trade war with the US simply because the math behind surpluses and deficits Continue...Read More