Export pig iron prices from the Black Sea have gone up this week with Italian buyers accepting higher prices after a long silence in the market. But export prices from the Baltic Sea region were unchanged because buyers considered current offers to be too high.Metal Bulletin's export price assessment for high-manganese pig iron from the CIS region rose to $390-395 on Thursday July 5, from $385-390...Read More
Below are just a few topics covered:Deutsche Bank and the Italian and French DominosThe Coming Petro Yuan with a Gold BackingRussia's Rich History Battling the Deep StateNew Technology, The Role of Silver, JPM HordeUnintended Consequences of SanctionsThe Frankfurt ExchangeBlockchain Technology, The Tokenized Economy and Energy's RoleAnd Much More....Click here for full interview: https://www.perpe...Read More
Gerald is hopeful about Trump's overtures towards North Korea. There was never a point in going to war with the Hermit Kingdom. And the risks were huge. Gerald is concerned about Iran. Everything seems to be working against the Mullahs, hyper-inflation, a youthful population, deteriorating economics. There's no telling what will happen there. However, Trump managed to trick the war mongers on NK a...Read More
The Turkish deep-sea scrap import market remained silent on Thursday July 5, due to continuing weak demand in the country's finished steel markets, according to sources.After finishing bookings for July deliveries, Turkish steel producers have gone quiet as demand for finished steel in both the local and export markets has failed to bounce back after the country's presidential and general election...Read More
Things are getting challenging at Tesla Motors. However, they did manage to produce over 5k cars last week, with the help of a temporary tent-covered production line. Can they keep it up? Does anyone really care anymore? Elan Musk has 9 lives, let's see what happens next. What is prime real estate? John tells you what he thinks and beware of REIT's. And finally, there's trouble brewing in DC, but...Read More
Andrew Maguire is an Independent London Metals Trader and Analyst, internationally renowned for his unique ability to read the precious metals market with the knowledge and experience gained over 35 years trading in financial and commodity markets. Andrew sits on the advisory board of a global physical bullion exchange and is a consultant advisor to many international hedge fund managers, bullion...Read More
Grant Williams is the portfolio manager of the Vulpes Precious Metals Fund and strategy advisor to Vulpes Investment Management in Singapore. Grant has 28 years of experience in finance on the Asian, Australian, European and US markets and has held senior positions at several international investment houses, including Robert Fleming, UBS and Credit Suisse. Since 2009, he has also been writing the...Read More
Turkish billet import prices have gone down this week on sluggish demand, while domestic and export prices have remained largely stable, sources said on Thursday July 5.Metal Bulletin's weekly price assessment for billet imports into Turkey was $520-530 per tonne cfr, down from last week's $530-540 per tonne.The downward movement in the assessment came after CIS suppliers lowered their offers to $...Read More
When geopolitical events create crises in the world, volatility usually follows in world markets. The results of this volatility is important to note and I will discuss this below.Continue...Read More
Economist Peter Bookvar recently analyzed the the anecdotal evidence of capacity constraints piling up in recent industry surveys, including the following:Continue...Read More
Continue...Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stockbroker, banker and economist. Read More
The European Union has turned down China's offer of co-operation against Trump's trade war against them.Continue...Read More
Metal Bulletin is proposing to amend the minimum tonnage used in the calculation of its CIS Billet Index.The index is a tonnage-weighted calculation intrinsically linked to market transactions. Following internal analysis, Metal Bulletin is proposing to lower the minimum tonnage included in the index in order to ensure that concluded transactions have the largest effect on the final index calculat...Read More
Bob Moriarty of 321gold.com says we're likely to have a two month rally where gold will probably go up $150 Continue...Read More
Sector expert Michael Ballanger details his forecast for precious metals markets in the second half of 2018.Given the impressive reversal in gold last Monday, which appeared to occur during the Asian and European trading sessions as opposed to the Crimex pit session, it looks like the precious metals are adhering to the well-broadcasted seasonality trade that has been fraught with random, rather t...Read More
Baowu Steel, China's largest steelmaker, is adding 4.03 million tonnes to its hot metal capacity and 3.61 million tonnes to crude steel capacity at its Zhanjiang city production site in Guangdong province, south China.The increases come at the expense of production cuts at operations in Shanghai and in Jiangsu province.Baowu cut 1.18 million tons of capacity at its Nanjing-based subsidiary Shangha...Read More
Metal Bulletin proposes to amend the delivery timing noted in the specification for its weekly domestic base price assessments for three European domestic stainless steel markets.Metal Bulletin proposes a minimum delivery time of four weeks to reflect the growing divergence in lead times for both flat and long stainless steel products in Europe. Lead times for stainless long products have been rep...Read More
Metal Bulletin proposes to launch a weekly domestic transaction price assessment for 2mm grade 304 cold rolled stainless sheet delivered in Northern Europe. Metal Bulletin understands from preliminary market engagement that the assessment of an overall transaction price would be a complementary addition to Metal Bulletin's existing pricing coverage of the European stainless market. Subject to mark...Read More
Molybdic oxide prices in Europe have dropped slightly amid slow trading activity this week, while the ferro-molybdenum price range widened.Market participants with either long or short positions are jostling to set a price platform in readiness for expected renewed demand in the latter half of the current quarter.The likelihood is that prices are set to hold around the current range until August,...Read More