#Steel Rebar Price Index

[chemanalystdata]

Steel Rebar Prices Trend | Pricing | Database | Index | News | Chart

North America

In Q1 2024, the North American Steel Rebar market experienced a stable pricing environment. Several factors contributed to this stability. Firstly, the overall demand for Steel Rebar remained steady, driven by consistent performance in downstream industries such as construction and infrastructure development. This steady demand ensured that consumption levels did not fluctuate significantly. Additionally, the availability of raw materials like iron ore and steel scrap remained sufficient, maintaining a balanced supply in the market.

In the United States, the pricing trend remained stable throughout the quarter. Seasonal factors, such as winter weather conditions, had a minimal impact on market dynamics. The relationship between price changes and other market variables, such as demand and production capacity, was moderate.

In conclusion, the stable pricing environment for Steel Rebar in Q1 2024 in North America, and specifically in the United States, indicates a positive market sentiment. Consistent demand and supply balance, along with a moderate correlation between price changes and market variables, contributed to overall stability in Steel Rebar prices. The quarter-ending price for Steel Rebar (8 mm) CFR Illinois in the USA stood at USD 870/MT.

Get Real Time Prices for Steel Rebar: https://www.chemanalyst.com/Pricing-data/steel-rebar-1441

APAC

The first quarter of 2024 was challenging for the Steel Rebar market in the APAC region, with prices facing a significant decline. Several factors influenced market prices, including oversupply, reduced demand from downstream industries, and disruptions in global trade routes. These factors created a negative pricing environment, leading to a decrease in Steel Rebar prices. Steel Rebar consumers reduced their buying activities, anticipating further price declines due to uncertain demand. Market participants are carefully evaluating prospects.

Export prices for Chinese Steel Rebar fell due to reduced raw material expenses, alleviating production pressures on local steel mills. This resulted in a general downward trend in both raw material and finished steel product prices, driven by excess production compared to demand growth. The slow rebound in domestic demand for Steel Rebar, possibly influenced by a sluggish real estate sector, contributed to this pattern. Despite heightened steel production due to lower costs, international trading remains subdued as buyers are reluctant to make bids or offer excessively low prices.

Compared to the same quarter last year, prices have declined by 23%, indicating a long-term negative sentiment in the market. The quarter-ending price for Steel Rebar (HRB400 - 8 mm) Ex Shanghai in China stands at USD 481/MT, reflecting the current decreasing pricing environment.

Europe

The first quarter of 2024 was characterized by decreasing prices in the European Steel Rebar market. Several factors influenced market prices, including subdued demand, reduced inventory levels, and disruptions in trade routes. These factors created a bearish sentiment in the market, leading to lower prices. The latest quarter-ending price for Steel Rebar in Germany is USD 820/MT FD-Ruhr, reflecting the overall decreasing trend in prices throughout the quarter.

The prevailing sentiment across European Steel Rebar markets remained pessimistic concerning both short- and long-term demand and pricing trajectories, with demand staying at a low level. This persistently negative outlook and subdued demand led to limited trading volumes. Producers, facing ongoing profit losses throughout the year, have become reluctant to offer discounts.

Market conditions in Germany have been influenced by factors such as subdued demand, limited purchases from buyers, and a cautious approach from steel mills. Sectors like automotive and construction have shown slow booking rates, further impacting the demand for Steel Rebar.

Get Real Time Prices for Steel Rebar: https://www.chemanalyst.com/Pricing-data/steel-rebar-1441

Contact Us:

ChemAnalyst

GmbH - S-01, 2.floor, Subbelrather Straße,

15a Cologne, 50823, Germany

Call: +49-221-6505-8833

Email: sales@chemanalyst.com

Website: https://www.chemanalyst.com

[transparencyresearchinsight]

Industrial Fasteners Market Insights, Overview, Analysis and Forecast 2031

Industrial fasteners refer to the high quality fasteners which are used in a variety of applications ranging from maritime to automobile and construction industry. The term industrial fasteners and permanent fasteners are interchangeably used in this reference. These fasteners are able to withstand almost every weather and chemical element (and can last for many years without needing replacement).

Increasing demand from automotive, construction, and manufacturing industry across all the regions is expected to drive the demand for industrial fasteners over the forecast timeline. According to the Bureau of Labor Statistics and a report from Timetric’s Construction Intelligence Center (CIC), the construction industry is booming and is projected to be the fastest growing industry into 2020. The Industrial Fasteners Market is expected to reach almost US$ 1.2 Trillion by 2020 with a projected growth of 4.5%. The U.S. population is expected to reach 338 million by 2020 from 321.2 million in 2010, which will further result in driving the demand for residential housing, thus escalating residential construction growth over the forecast period.

The automotive industry is expected to witness enormous growth across the world over the forecast period. This growth is attributed to the increased manufacturing of automobiles since automakers are constantly developing drive-trains and more efficient engines to reduce fuel consumption and are using emission-control technology to produce cleaner automobiles. The global volume of the automotive industry is expected to reach 95 million in 2018 and 97 million in 2019 approximately. China, India, and East Europe are projected to be emerging markets globally, thereby driving the demand for industrial fasteners over the forecast timeline.

Get a PDF Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1403

Fluctuating prices of raw materials such as steel, copper, and aluminum have impacted the margins of manufacturers. In 2017, 1.7 billion metric tons globally which accounts to almost half of the steel produced, came from China. Steel prices have been increasing rapidly in China as compared to the global average price over the last few years. The Chinese steel price composite index increased by around 17% over the same time period from January 2017 to January 2018, while the world index increased by 11% for rebar prices. Chinese steel demand accounts for nearly 45% of global demand, and exports accounted for 27% of world steel exports in 2017, which makes China the largest steel exporter in the world. As such, recent developments in Chinese steel prices are likely to have an important effect on the development of global steel prices as a whole. This fluctuation poses a constant threat to the industrial fasteners market throughout the forecast timeline.

The global industrial fasteners market is expected to grow steadily at a CAGR of 2.2% in terms of value over the forecast period due to the growing demand from application industries which include automotive, machinery, and construction. Strong recovery in the automotive and construction segment is projected to sustain the growth in various developed countries. Furthermore, rising demand for lightweight fasteners in the automotive industry and high-value titanium fasteners in the aerospace industry is also projected to drive the market in the coming years.

The industrial fasteners market in Asia Pacific is projected to hold the major share in the global market and is expected to expand at a CAGR of 2.6% in terms of revenue over the forecast period. The growth is attributed to economic developments in China and India which have increased the disposable income of consumers in the region, thus promoting the growth of the automotive industry. Furthermore, the developments in the maintenance and construction industry across the globe have also contributed to the growing demand for fasteners in the region.

The major industry participants in the global industrial fasteners market are Acument Global Technologies Inc., Arconic Inc., Bulten AB, STANLEY Engineered Fastening, Fortana Group, Hilti Corporation, LISI Group, MacLean-Fogg Company, MISUMI Group Inc., Nifco Inc., Precision Castparts Corp., The SFS Group, A&G Fasteners, SA Fasteners, etc.

Enquire before Buying @ https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=1403

Industrial Fasteners Market: Overview

Industrial fasteners can be defined as high quality fasteners that find application in a wide range of end-use industries such as automobile, maritime, and construction industry. The words permanent fasteners and industrial fasteners can be used interchangeably in this reference. Thus, growing use of nuts, bolts, washers, screws, and rivets in diverse industries is driving sales opportunities in the global industrial fasteners market.

Products from the industrial fasteners market are gaining traction across many end-use industries owing to their ability to sustain in nearly all weather situations and chemical element (and these products can last for several years with no requirement of replacement). These products are widely utilized in fabricated metal products, machinery OEM, automotive OEM, and construction industry. Owing to this scenario, the global industrial fasteners market is likely to gain promising sales opportunities in the years ahead.

With growing infrastructural activities in various emerging economies such as India and China, the construction industry in these regions is experiencing prodigious expansion avenues. As a result, there is remarkable growth in the use of industrial fasteners in these regions. This factor is likely to generate promising sales opportunities in the industrial fasteners market in the upcoming years.

Players working in the global industrial fasteners market are increasing focus toward the development of advanced products. As a result, they are looking for the possibilities of incorporating technological advancements in their production houses. At the same time, they are concentrating on  providing cost-efficient fasteners. As a result, they are seen directing more money toward research and development activities. Several enterprises in the global industrial fasteners market are employing diverse strategies such as partnerships and joint ventures. These tactics are helping enterprises maintain their leading market position. All these factors are expected to generate promising expansion opportunities in the global industrial fasteners market.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

90 State Street, Albany

NY 12207, United States

DL: +1-518-618-1030

Email: sales@transparencymarketresearch.com

[dubaibuildingmaterials]

Covid -19 impacts on Construction Industries in 2021

Due to the COVID-19 epidemic, supply shortages have affected businesses across the globe. It has affected all businesses across the world despite regions, climate and different landscapes. The ever-running business world came to a temporary halt that shift the landscape of many industries and in some places forced people to shut down their operations. It had a huge impact on the construction industries which demand labour sources, Electrical equipment and raw materials within the maximum limit.

However, due to the copious dependence on raw materials for their projects, the construction sector is particularly vulnerable to supply shortages. While demand for construction has not decreased, limited supply has resulted in skyrocketing prices for components such as steel and lumber, which has pushed up overall price values.

Impact on Prices:

During the pandemic, all construction materials saw price increases, but none more so than steel and lumber. Rebar for building pours cost an average of $750 per short tonne in 2019. Early in 2021, the price per short tonne jumped to $900. According to the source of current Builders, a price increase of $200,000 may add $200,000 to the cost of a project.

According to the Bureau of Labor Statistics Producer Price Index, the cost of softwood lumber has increased by 43 per cent in the last year. Steel prices have risen by 108.6 per cent in the present year.

The cost of all other items utilised, from wiring to plywood to glass and paint, has increased by 20% or more. It's all due to the nature f the construction industries in demanding the raw materials to finish the projects.

Price Tags Of Projects and Real Estates:

The Association of Home Builders across the globe discovered that rising material costs had impacted the cost of buying a home. The cost of a new single-family home has risen to an abundant price tag within months and the price of a timber package for a home project that cost $35,000 last year now costs $71,000.

This cost surge is having a detrimental impact on the sector, leading many purchases to fall through and pushing builders to halt construction projects. This post covid impact will follow up more in the coming months and the depreciation cost is going to be a headache for the real estate business.

As the price tags of the Building materials burst out then similarly the price tags of individual houses and commercial buildings surge high. It will take some time to subside and to heal the impact of covid in the coming months.

[orbemnews]

Bitcoin Rebounds After a Big Tumble: Live Updates Here’s what you need to know: Elon Musk, the chief executive of Tesla, which bought $1.5 billion in Bitcoin last quarter.Credit…Michele Tantussi/Reuters Over the weekend, the price of Bitcoin briefly fell to around $31,000, more than 50 percent down from its high last month. It has recovered somewhat and is currently trading at around $37,000. “About $20 billion of long positions were liquidated last week,” Sam Bankman-Fried, the chief executive of the crypto derivatives exchange FTX, told the DealBook newsletter. “In terms of price movements: the biggest part of it is liquidations,” he said, suggesting the worst is over. But he also noted news from China late Friday of a crackdown on Bitcoin mining and trading. This added to other news of official scrutiny that has spooked crypto investors in recent days, from Hong Kong, Canada and the United States. Companies with Bitcoin on their balance sheets may be getting nervous. For accounting purposes, cryptocurrency is valued at its purchase price in company accounts. If it goes up in value, this isn’t reflected in a company’s accounts but if it falls, the value is impaired and puts a dent in quarterly profits. Three big corporate investors in Bitcoin are Tesla, MicroStrategy and Square. Here’s where they stand: Tesla: The electric vehicle company bought $1.5 billion in Bitcoin last quarter, at an average price of about $34,700 per coin, not far from its current price. Tesla’s chief executive, Elon Musk, has signaled that the company isn’t selling, but it probably isn’t buying, either. MicroStrategy: The business intelligence software company has spent about $2.2 billion on Bitcoin, at an average price of $24,450. The company bought more last week and is still sitting on big gains. Square: The payments company, led by the Twitter chief Jack Dorsey, bought two batches of Bitcoin for its treasury — $50 million in October at a price of about $10,600 per coin and $170 million in February at a price of around $51,000. It took a $20 million impairment on its holdings last quarter. It doesn’t plan to buy any more, its finance chief said this month. Wizz Air, a discount carrier based in Hungary, said on Monday it had rerouted a flight from Kyiv, Ukraine, to Tallinn in Estonia to avoid flying in Belarus airspace.Credit…Andrew Boyers/Reuters Some airlines in Eastern Europe began diverting their planes to avoid Belarus airspace on Monday, a day after that country’s leader sent a fighter jet to force down a Ryanair flight, allowing authorities to seize an opposition journalist on board. The shocking move has unleashed a storm of criticism against Aleksandr G. Lukashenko, the Belarus president who has clung to power despite huge protests last year. The European Union is considering penalties against the country. At least two airlines said that they were diverting flights away from Belarus airspace as a precaution, but most carriers seem to be waiting to be told what to do by the European authorities. In an interview on Monday with an Irish radio broadcaster, Ryanair’s chief executive, Michael O’Leary, condemned the actions of the Belarus authorities, who ordered the plane, flying from Athens to Vilnius, Lithuania, to land in the Belarus capital of Minsk and then arrested a dissident journalist on board, Roman Protasevich, and his companion. “This was a case of state-sponsored hijacking, state-sponsored piracy,” Mr. O’Leary told interviewers on Newstalk. Mr. O’Leary, however, said he was waiting for instructions from European Union authorities in Brussels about whether to steer other flights away from Belarus. “We, like all the European airlines, are looking for guidance today from the European authorities and from NATO,” he said. He added that it would be an easy matter for his flights to avoid Belarus. “We don’t fly over Belarus much,” he said. “It would be a very minor adjustment to fly over” Poland instead, he added. Ryanair, a discount airline based in Ireland, describes itself as Europe’s largest airline group. Other airlines are already making changes. AirBaltic, the Latvian national airline, said that its flights would avoid entering Belarus airspace “until the situation becomes clearer or a decision is issued by the authorities.” The rerouted flights include ones from Riga, the airline’s home base, to Odessa in Ukraine and Tbilisi in Georgia. Another airline that flies in the area, Wizz Air, said that it would alter the path of a flight from Kyiv in Ukraine to Tallinn in Estonia so as to skirt Belarus. “We are continuously monitoring and evaluating the situation,” a spokesman for Wizz Air, which is based in Hungary, said. Robert Iger, the former Disney chief executive, reportedly called the head of Time Warner in 2016 about a possible merger.Credit…Etienne Laurent/EPA, via Shutterstock After its $100 billion deal to buy Time Warner, and spending millions more to fight a Justice Department lawsuit that delayed the deal, AT&T wants a do-over. This reversal culminated in the announcement last week that it would spin off WarnerMedia, as the former Time Warner is now known, to merge with the reality-TV giant Discovery. In the three short years since AT&T closed the deal to buy Time Warner, AT&T radically upended the business by cutting staff, angering the talent and firing executives and becoming something of a Hollywood villain. Some of WarnerMedia’s most successful executives, including Richard Plepler of HBO, left or were pushed out. The company cut more than 2,000 jobs. It could have been different if a phone call in 2016 had come just a few weeks earlier, according to the DealBook newsletter. In October that year, shortly before Time Warner and AT&T first announced their deal, Robert A. Iger, the chief executive of the Walt Disney Company at the time, placed a call to Jeffrey Bewkes, the head of Time Warner, according to two people familiar with those details. The Disney leader asked Mr. Bewkes if he’d be interested in a possible merger. It was too late, Mr. Bewkes said: There was already something in the works. Mr. Iger wished him well and hung up the phone. Later, Mr. Iger called another media chief in the hopes of forging a deal. It was Rupert Murdoch. Workers handling rebar at a construction site in Singapore. Prices for rebar and other commodities fell after China said it would crack down on what it described as excessively high prices.Credit…Wallace Woon/EPA, via Shutterstock U.S. stocks were expected to rise on Monday with the S&P 500 set to open 0.3 percent higher when trading begins. Last week, the U.S. benchmark stock index dropped 0.4 percent as swings in cryptocurrency prices and concerns about rising inflation unsettled markets. The Stoxx Europe 600 was little changed. The FTSE 100 in Britain rose 0.4 percent and the CAC in France rose 0.1 percent. The DAX in Germany is closed because of a holiday. Belarus government bonds, denominated in dollars, dropped on Monday after the Belarusian government sent a fighter jet to intercept a Ryanair plane traveling through the country’s airspace on Sunday and seized a prominent opposition journalist on board. European officials are considering further penalties against Belarus. The yield on 10-year debt rose more than half a percentage point to 7.77 percent, the biggest one-day increase in the yield since August when tens of thousands of people protested the election of longtime president Aleksandr G. Lukashenko, in what was been dismissed as a sham vote. Commodity prices Metal prices, including iron ore and steel rebar, fell as Chinese officials continued to intervene in what the government sees as excessively high commodity prices. The National Development and Reform Commission said in a statement on Monday that there would be “zero tolerance” for illegal activities such monopolistic behavior or hoarding after major metal producers were called to a meeting with several Chinese government departments. Prices of agricultural products including soybeans and corn also fell. Fresnillo, the mining company, was the worst performing company in the FTSE 100 on Monday morning, with its shares falling 2.9 percent. Oil prices rose. Futures of West Texas Intermediate, the U.S. crude benchmark, rose 1.7 percent to $64.65 a barrel. Company news Cineworld shares rose 3.6 percent in London after the movie theater chain said it had a “strong opening weekend” in Britain thanks to the success of “Peter Rabbit 2: The Runaway.” In the United States, 97 percent of the company’s movie theaters are now open, Cineworld said, which operates Regal Cinemas, the second-largest chain in the country after AMC. Shares in Virgin Galactic soared 28 percent in premarket trading after Richard Branson’s space plane completed a test flight on Saturday to the edge of space. The company also has more than 600 customers who paid up to $250,000 each for seats on its earliest flights. Beyond Meat shares rose 4 percent in premarket trading. The largest supermarket chain in Britain, Tesco, said on Monday it was introducing a range of frozen ready meals with Beyond Meat. Rick Santorum, the former Pennsylvania senator and Republican presidential candidate, has been dropped from his role as a CNN political commentator amid controversy over recent remarks in which he seemed to erase the role of Native Americans in U.S. history. Mr. Santorum’s departure from CNN came after comments he made about Native Americans at a Young America’s Foundation event last month. “We birthed a nation from nothing — I mean, there was nothing here,” Mr. Santorum said. Daimler, the world’s largest maker of heavy trucks, whose Freightliners are a familiar sight on American interstates, said last week that it would convert to zero-emission vehicles within 15 years at the latest, providing another example of how the shift to electric power is reshaping vehicle manufacturing with significant implications for the climate, economic growth and jobs. Dexter George asked white customers who came to his shop after the death of George Floyd to support Black businesses more consistently.Credit…Ben Sklar for The New York Times While Black business ownership rates nationwide dropped by 41 percent from February 2020 to April 2020 — the largest decline for any racial group — Dexter George watched as 1,200 patrons donated $69,211 to support his 30-year-old enterprise, Source of Knowledge, a bookstore on Broad Street in Newark. Personal checks and civic grants further steadied the store’s finances. Unable to secure loans, he used some of the money to reinvest in his 2,700 square feet of retail space. “At the end of the day, you only fit in a box,” Mr. George, who was born in Tobago, said of putting the money back into the store. “Can’t take it with you.” Mr. George, 56, has kept his business operating partly by practicing caution during the pandemic, Kevin Armstrong reports for The New York Times. “There’s a lot of people we aren’t seeing again,” he said. “This virus is going around in a circle until it gets everybody.” Mr. George counted 30 customers killed by the coronavirus. Almost 1,000 people have died in Newark, New Jersey’s largest city, because of Covid-19 and the vaccination rate remains below 30 percent. Throughout the pandemic, Mr. George considered not only safety concerns, but also the costs of closures and curfews. He weighed reduced foot traffic against his mortgage of $6,500 per month for the two-story building that houses his bookstore. On his commute, he noted roller gates that remained down and “For Lease” signs going up. But Mr. George was not done building. Early in the epidemic, he created a GoFundMe page to alert customers to his status: “Covid almost killed us!” It was the contributions that revived him. Source link Orbem News #Big #Bitcoin #Live #Rebounds #tumble #Updates

[goldsilverpros]

Best Asset Classes Of 2018: Gold And Residential Real Estate

Summary

Stock markets are down for 2018, with small caps bleeding all over the floor.

Bond rates are up and prices will come down to equalize yields, forcing bond holders into haircuts if rates don’t reverse.

Commodities are almost all down, with a very few notable exceptions.

Residential real estate is up overall, but the sales, price, and inventory data appear to have called the top.

Gold is down slightly, but is the only one of these asset classes to have a sustained, strong uptrend to end the year with fundamentals pointing to an even stronger 2019.

If you had made bets on which of the major assets classes would outperform in 2018, which would you have chosen?

Stocks?

Bonds?

Real Estate?

Commodities?

Precious Metals?

I would wager that sentiment would have placed stocks in first place, real estate second, commodities third, bonds fourth, and precious metals last simply by the amount of coverage and hype that I have seen over the year for each of those markets. But, 2018 is clearly a transition year for the stock and bond markets which did not fare well.

The Downers

Each of the major stock indices ended the year down, including the Dow, S&P500, NASDAQ, and Russell 2000. Small caps ended down the most at 13%, whereas the NASDAQ was down only 5.3% on the year.

Source: Yahoo Finance

Debt markets did not do well at all. Here is the 12-month LIBOR, whose rates spiked up almost a full percent on the year. If you are a corporate entity holding millions or billions of dollars in variable rate debt, the trend in rising LIBOR rates most definitely are not your friend.

Source: Fred

Here is the 2 year US Treasury, which spiked from 1.91 to 2.52. That is a 32% loss if you bought on Jan 1 this year and sold today, Dec 31, 2018.

Source: Fred

The 10 year treasury went from 2.4 to 2.77 percent. That is a 15.4% loss if you bought on Jan 1 and sold Dec on 31 this year.

Source: Macro Trends

The CRB commodity index is down about 10% on the year.

Source: Trading Economics

Here is a whole list of different commodities and their YTD performance. Notice that for a few special exceptions, the components are almost all down for 2018.

Commodity1 Month Change12 Month ChangeYear to Date Change

Commodity Agricultural Raw Materials Index-0.98 %-0.61 %-5.37 %

Commodity Beverage Price Index0.16 %-5.15 %-0.80 %

Commodity Price Index

Commodity Fuel (energy) Index-15.44 %6.89 %-3.68 %

Commodity Food and Beverage Price Index

Commodity Food Price Index-1.63 %-4.82 %-6.39 %

Commodity Industrial Inputs Price Index

Commodity Metals Price Index-2.34 %-7.14 %-12.50 %

Commodity Non-Fuel Price Index-1.32 %-4.32 %-6.85 %

Crude Oil (petroleum), Price index

Coal, Australian thermal coal-7.36 %4.23 %-5.37 %

Coal, South African export price-8.73 %0.21 %-6.05 %

Crude Oil (petroleum)-18.78 %3.99 %-5.90 %

Crude Oil (petroleum); Dated Brent-19.01 %4.16 %-5.54 %

Crude Oil (petroleum); Dubai Fateh-17.54 %7.48 %-1.38 %

Crude Oil (petroleum); West Texas Intermediate-19.90 %0.04 %-10.99 %

Diesel-12.22 %6.89 %-1.25 %

Gasoline-19.87 %-11.20 %-14.43 %

Heating Oil-12.11 %11.52 %0.79 %

Indonesian Liquified Natural Gas0.00 %37.99 %24.84 %

Jet Fuel-13.52 %10.51 %-0.36 %

Natural Gas25.84 %38.46 %6.70 %

Propane-22.31 %-23.98 %-17.59 %

RBOB Gasoline-22.85 %-5.28 %-10.55 %

Russian Natural Gas-5.92 %23.62 %24.17 %

Cocoa beans2.82 %2.82 %12.31 %

Coffee, Other Mild Arabicas-0.33 %-2.89 %-1.31 %

Coffee, Robusta-2.13 %-8.46 %-5.64 %

Tea-2.48 %-20.81 %-20.27 %

Barley0.00 %10.18 %-1.88 %

Canadian Wheat

Maize (CORN)0.27 %8.06 %3.11 %

Rice-1.96 %-0.25 %-9.28 %

Soft Red Winter Wheat0.84 %20.03 %18.23 %

Sorghum-0.90 %-6.05 %-11.73 %

Wheat-4.65 %13.29 %5.93 %

Bananas

Oranges-2.67 %-15.12 %-3.95 %

Beef2.33 %-8.78 %-8.14 %

Poultry (chicken)0.00 %3.57 %-1.93 %

Lamb

Swine (PORK)

Fish (salmon)

Shrimp1.75 %-4.19 %-5.66 %

Sugar-3.45 %-15.15 %-9.68 %

Sugar, European import price-2.63 %-2.63 %-7.50 %

Sugar, U.S. import price-1.79 %-8.33 %-6.78 %

Coconut Oil-6.29 %-49.38 %-43.56 %

Fishmeal-0.34 %6.52 %-7.55 %

Olive Oil, extra virgin

Palm Kernel Oil-10.79 %-50.90 %-43.92 %

Palm oil-8.56 %-25.94 %-23.27 %

Peanut Oil0.48 %-4.12 %0.52 %

Groundnuts (peanuts)-3.27 %-2.83 %3.70 %

Rapeseed Oil-1.17 %-12.71 %-0.92 %

Soybean Meal-2.13 %4.72 %-2.20 %

Soybean Oil-3.06 %-17.75 %-16.22 %

Soybeans1.68 %-5.00 %-3.95 %

Sunflower oil-1.66 %-12.81 %-11.63 %

Coarse Wool

Copra

Cotton0.00 %7.91 %-4.98 %

Fine Wool

Hard Logs-0.43 %-0.43 %-2.08 %

Hard Sawnwood

Hides

Plywood-0.43 %-0.43 %-2.08 %

Rubber-5.59 %-14.01 %-21.51 %

Soft Logs

Soft Sawnwood

Wood Pulp0.00 %0.00 %0.00 %

Aluminum-4.50 %-7.58 %-12.27 %

Cold-rolled steel

Copper, grade A cathode-0.38 %-9.24 %-12.31 %

Gold0.43 %-4.78 %-8.31 %

Hot-rolled steel

Iron Ore-0.20 %14.04 %-4.03 %

Lead-2.54 %-21.30 %-25.04 %

Nickel-8.73 %-6.12 %-12.63 %

Rebar

Silver-1.71 %-15.49 %-16.23 %

Steel wire rod

Tin-0.30 %-2.52 %-7.89 %

Uranium

Zinc-2.92 %-19.62 %-24.58 %

DAP fertilizer-2.51 %19.24 %13.82 %

Potassium Chloride0.00 %0.00 %0.00 %

Rock Phosphate1.37 %15.63 %15.63 %

Triple Superphosphate-1.56 %28.47 %18.44 %

Urea13.19 %9.14 %39.14 %

Source: Index Mundi

REIT investments overall did not fair too well in 2018, which per the Dow Jones Real Estate Index were down 8.2% on the year.

Source: S&P Dow Jones Indices

The Semi-Bright Spot With Weakening Fundamentals

US Residential real estate led the charge in 2018, up 4.9% according to Case-Shiller.

Source: Fred

However, indications are that retail inventories are rising and sales are down, so it appears the bull market in residential real estate may have come to an end. The index above was relatively flat for the last 6 months of the year, also indicating a price top may be in.

Gold is Alone in Ending 2018 in a Sustained Up Trend

Surprising to most is the fact that gold held its own in 2018, ending down just 1.6% for the year.

Source: CNBC

Of these asset classes, only gold ended the year in a solid uptrend, largely on concerns of volatility in the stock markets and a weakening picture for debt securities. If you are concerned about the other markets, gold may be a good piggy bank savings vehicle for you in 2019.

Photo Credit

Summary

Unless the bond markets stabilize and LIBOR rates come back down, then the broad stock indices will continue to suffer on expectations of decreased corporate earnings and higher US budget deficits. These factors favor a continued increase in the gold price in 2019.

Does the performance of the major asset classes in 2018 surprise you? If we had taken an investor survey on January 1, I bet it would show expectations almost exactly opposite of the results we have had for 2018.

As a result, 2019 is shaping up to be a very interesting year for investors that have become reliant on the 30 year bond bull and the nearly 10 year stock bull markets.

I predict gold and silver will shine in 2019 while the other major asset classes see continued price volatility.

Source article: https://goldsilverpros.com/2018/12/31/best-asset-classes-of-2018-gold-and-residential-real-estate/

[forextutor-blog]

New Post has been published on Forex Blog | Free Forex Tips | Forex News

!!! CLICK HERE TO READ MORE !!! http://www.forextutor.net/asian-stocks-struggle-despite-some-data-bright-spots/

Asian Stocks Struggle Despite Some Data Bright Spots

Talking Points:

Asian stocks endured a rather lackluster session Tuesday, with bulls disinclined to press their cases

The data picture was generally quite encouraging, although Australian consumers were much gloomier than expected

Sterling got some respite and the Dollar weakened against the other majors

Asian equity action was really all about Wall Street again on Tuesday, with stocks under some duress thanks to the Dow’s further backdown from that tantalizing 20,000 mark the session before (and apparently ignoring a new record for the Nasdaq). Crude oil prices’ sharp overnight slide didn’t help much either.

There were some dabs of local colour –notably, a strong sign that China’s economy is looking healthier – but that wasn’t enough to override the overall caution.

Australia’s benchmark ASX fell nearly 1% at one point, with losses apparent everywhere except for the gold miners, which continued their bullish start to the week. Over in Japan the Nikkei 225 lost a little ground. This was probably due to the slightly weaker overall tone in USD/JPY, something which never gives the exporter-heavy index much cheer.

The ASX endured a day of general weakness

Chart compiled using TradingView

Shares in China and South Korea also lacked vigor, in the former case despite a set of official inflation figures which showed that the Chinese economy has banished deflation. They showed factory gate prices moved at their strongest clip since September 2011 in December. Consumer prices weren’t anything like as perky but they were still clearly positive.

Hong Kong stocks managed to buck the trend, rising in step with local commodity movers, notably coke and rebar (a type of traded steel).

The rest of the session’s Asian data was a bit of a mixed bag. Australia’s consumers were less-than-enthused in November. That said, the question of whether they were really gloomy or simply drawing in their retail-spending horns before the holiday season will have to be answered by later data.

Japanese consumer confidence, meanwhile, was revealed to have been as high as its been all year in December. Whether or not that will be enough to break a long slide in household spending must remain unclear until those numbers are released at the end of this month.

Looking ahead to the European and US session, the markets await news of Canadian building permit levels and, more crucially, US employment levels as measured by the Job Openings and Labour Turnover Survey (JOLTS).

In the currency markets, the British Pound steadied a little from the hammering it had received on Monday as fears of a “hard Brexit” grew. However, as much of that punishment was meted out in the European session anyway, it would be brave to suggest that sterling was as low as it’s going. The US Dollar was a little weaker against other major peers, with traders seemingly content to bank some profit on the latest gains.

DailyFX analysts have penned their first-quarter forecasts. Take a look at them here.

— Written by David Cottle, DailyFX Research

Contact and follow David on Twitter: @DavidCottleFX

Asian Stocks Struggle Despite Some Data Bright Spots Asian Stocks Struggle Despite Some Data Bright Spots https://rss.dailyfx.com/feeds/all $inline_image

[harshalblogs-blog]

Industrial Fasteners Market Expected to Reach US$ 104.94 Bn by 2026

Industrial Fasteners Market – Snapshot

Industrial fasteners refer to the high quality fasteners which are used in a variety of applications ranging from maritime to automobile and construction industry. The term industrial fasteners and permanent fasteners are interchangeably used in this reference. These fasteners are able to withstand almost every weather and chemical element (and can last for many years without needing replacement).

Increasing demand from automotive, construction, and manufacturing industry across all the regions is expected to drive the demand for industrial fasteners over the forecast timeline. According to the Bureau of Labor Statistics and a report from Timetric’s Construction Intelligence Center (CIC), the construction industry is booming and is projected to be the fastest growing industry into 2020. The market is expected to reach almost US$ 1.2 Trillion by 2020 with a projected growth of 4.5%. The U.S. population is expected to reach 338 million by 2020 from 321.2 million in 2010, which will further result in driving the demand for residential housing, thus escalating residential construction growth over the forecast period.

Read Report Sample @

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1403

The automotive industry is expected to witness enormous growth across the world over the forecast period. This growth is attributed to the increased manufacturing of automobiles since automakers are constantly developing drive-trains and more efficient engines to reduce fuel consumption and are using emission-control technology to produce cleaner automobiles. The global volume of the automotive industry is expected to reach 95 million in 2018 and 97 million in 2019 approximately. China, India, and East Europe are projected to be emerging markets globally, thereby driving the demand for industrial fasteners over the forecast timeline.

Fluctuating prices of raw materials such as steel, copper, and aluminum have impacted the margins of manufacturers. In 2017, 1.7 billion metric tons globally which accounts to almost half of the steel produced, came from China. Steel prices have been increasing rapidly in China as compared to the global average price over the last few years. The Chinese steel price composite index increased by around 17% over the same time period from January 2017 to January 2018, while the world index increased by 11% for rebar prices. Chinese steel demand accounts for nearly 45% of global demand, and exports accounted for 27% of world steel exports in 2017, which makes China the largest steel exporter in the world. As such, recent developments in Chinese steel prices are likely to have an important effect on the development of global steel prices as a whole. This fluctuation poses a constant threat to the industrial fasteners market throughout the forecast timeline.

Read Report Brochure @

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1403

The global industrial fasteners market is expected to grow steadily at a CAGR of 2.2% in terms of value over the forecast period due to the growing demand from application industries which include automotive, machinery, and construction. Strong recovery in the automotive and construction segment is projected to sustain the growth in various developed countries. Furthermore, rising demand for lightweight fasteners in the automotive industry and high-value titanium fasteners in the aerospace industry is also projected to drive the market in the coming years.

The industrial fasteners market in Asia Pacific is projected to hold the major share in the global market and is expected to expand at a CAGR of 2.6% in terms of revenue over the forecast period. The growth is attributed to economic developments in China and India which have increased the disposable income of consumers in the region, thus promoting the growth of the automotive industry. Furthermore, the developments in the maintenance and construction industry across the globe have also contributed to the growing demand for fasteners in the region.

The major industry participants in the global industrial fasteners market are Acument Global Technologies Inc., Arconic Inc., Bulten AB, STANLEY Engineered Fastening, Fortana Group, Hilti Corporation, LISI Group, MacLean-Fogg Company, MISUMI Group Inc., Nifco Inc., Precision Castparts Corp., The SFS Group, A&G Fasteners, SA Fasteners, etc.

[marketsandyou]

Iron Ore Price Boost, Up 47% in Two Months

The Northern China import price of 62% Fe content ore jumped again on Tuesday as the country's steelmakers stoke production ahead of mandated cuts going into winter. According to data supplied by The Steel Index the steelmaking raw material advanced 4% to exchange hands for $78.10 per dry metric tonne, the highest since April 7.

The iron ore price is now trading up a whopping 47% from its 2017 lows struck just two months ago as Chinese anti-pollution crackdown on its heavy industries force the country's steelmakers to chase high quality imports and avoid domestic producers which contend with Fe content in the 20%-range.

Iron ore's latest rally comes after another furious day of trading on ferrous derivates markets in China ahead of new curbs on trading going into force tomorrow to dampen speculative activity.

In Shanghai rebar futures the world's most traded steel contract gained  3.6% near 4½-year highs. Dalian coking coal futures rose 3.6% while iron ore contracts closed 6.6% higher, bringing gains over the past three sessions to 11%.

China's steel production last month rose more than 10% compared to last year to a record 74m tonnes as traders worry about a steel supply crunch going into the new year. Beijing wants to cut output by as much as 50% during winter months to fight smog, particularly in its capital city and surrounding areas.

In Hebei province, China's key producing region, steelmakers said they will comply with stringent new emissions regulations by the September 1 deadline. Some 120 million tonnes of low quality steel capacity were shuttered during the first six month of the year.

[orbemnews]

Soaring metal prices spell trouble for China's recovery The cost of everything needed for China’s post-pandemic infrastructure boom, from steel and coal to glass and cement, is soaring. The price of rebar, a type of steel used to reinforce concrete, recently hit 6,200 yuan ($965) per metric ton in Shanghai, up 40% this year, and a new record high. Iron ore, which is used to make steel, has topped 1,240 yuan per metric ton ($194) on the Dalian Futures Exchange, a 25% increase since the start of the year. Thermal coal, glass and aluminum are hitting all-time highs in China. The price of plasterboard is rising too. The situation with steel has become so acute that China’s leaders are warning of damage to the economy. And a popular idiom for defenseless — “without an inch of steel in hand” — is now being used much more literally on social media to describe desperate buyers. China was the only major economy to dodge a recession last year when the pandemic hit, but it launched a $500 billion infrastructure-led plan to support its recovery from the slowest rate of growth in decades. But China has reasons to worry about the skyrocketing costs, too. China’s producer price index, which measures the change in costs that manufacturers pay for materials, rose 6.8% in April from a year earlier. While that’s somewhat distorted, given the impact of the Covid-19 pandemic shutdown in 2020, it’s still the fastest surge since October 2017. It’s also a big jump over March’s 4.4% increase. “Global commodity prices are rising because stimulus by major economies are pushing up the demand,” said Zhou Hao, a senior emerging markets economist for Commerzbank, who added that “the United States and China are both the drivers.” Prices for many of the base metals, including aluminum and copper, have climbed to multi-year highs on the London Metal Exchange. The Bloomberg Commodity Index, which tracks a diversified basket of commodity futures, is hovering around the highest level in six years. Expensive construction projects are already pushing some Chinese companies to suspend work, according to recent survey data. And analysts warn that as smaller businesses weigh whether to cut costs or scale down, they could start shedding workers. “Small businesses are facing even tighter cash flows, because they have less negotiation power when prices increase in their upstream sector,” wrote Luo Zhiheng, chief macro analyst for Guangzhou-based Yuekai Securities. “They either have to accept higher production costs, or cut their production and sit on the sidelines.” Recovery efforts hit a snag The spike in steel and iron ore prices comes down to a combination of factors. Along with construction, electric vehicle production is also fueling the rise, according to analysts at Fitch Ratings. Cars need high-strength steel that can reduce weight and improve performance, and production of electric, hybrid and fuel cell cars have been skyrocketing. China’s efforts to reduce carbon emissions has also caused steel supply to tighten, the analysts wrote in a report this week. China produced more than half of the world’s output of steel last year, and Beijing has been pressuring the industry to reduce output in pursuit of its goal to become carbon neutral by 2060. A bruising trade battle between China and Australia may also be inflating prices. Beijing has put up barriers to entry on several Australian exports over the last year, including coal. While one of Canberra’s most important exports, iron ore, has been spared, Beijing has been looking for ways to reduce its reliance on the country. There are already some signs that the price hikes are hitting China’s construction sites and factories, according to Wang Jiechao, chief construction sector analyst for Pacific Securities. He wrote in a Monday report that many construction companies, foundries and small household appliance manufacturers have stopped taking orders because of production losses. “The rapid increase in commodity prices has seriously eroded the profitability of downstream manufacturing companies,” Wang added. A recent survey of 460 construction companies nationwide revealed that many firms are feeling the pinch. Some 56% of respondents to the survey — conducted by 100njz.com, a Chinese construction industry data provider — said that the price hikes have affected their work schedules to varying degrees. Among them, 30% said they have suspend construction to control costs, while the rest have slowed projects down. Meanwhile, 44% of the respondents to that survey said that although they are still moving ahead with construction as planned, they have had to reduce their steel purchases, which could lead them to consider suspending work in the future. It’s also bad news for employment, according to Luo of Yuekai Securities, who noted that small businesses are struggling with the price hikes and also account for 80% of the country’s urban jobs. Luo pointed out that April’s unemployment rate for young people aged 16 to 24 remained high at nearly 14% and their working hours decreased, “possibly because small businesses were running below capacity under the pressure of rising costs.” Concern in Beijing Leaders in Beijing are starting to show concern about the rising costs and how they could weigh on the economic recovery. Chinese Premier Li Keqiang has repeatedly mentioned “rising commodity prices” and the pressures on small businesses during recent state meetings, according to the central government’s official website. “We must … deal with the excessively rapid increase in commodity prices and its collateral effects,” Li told the State Council at its executive meeting last Wednesday. He added that such efforts were needed to “keep the economy running smoothly.” The stakes are high. China needs to grow a bit less than 5% each year through the next decade to hit President Xi Jinping’s goal to double GDP by 2035. The government has targeted growth of 6% or above this year, and also wants to add 11 million new jobs. But anything that threatens its fragile economic recovery could pose risks to those ambitions — something authorities have noted. Li, for example, said last month during a meeting with business executives that ensuring employment is the “key foundation for stabilizing the economy,” adding that the government would try to help curb the cost of raw materials. China is still exporting a lot steel, but the government is starting to discourage that in a bid to shore up supply at home. Authorities announced in April that starting this month, they would end export tax rebates for most of the steel products. Customs officials have also cut import tariffs for some steel. Local governments, meanwhile, have opted for harsh measures in a bid to keep prices down. Late last week, regulators in Shanghai and the steelmaking hub Tangshan summoned major steel mills and ordered them to fix their prices “at reasonable levels.” Mills could face “severe punishments” if they collude to drive up steel prices, according to government statements. Major futures exchanges in Shanghai, Dalian, and Zhengzhou have also tightened trading rules for steel or coal contracts, and have raised trading fees to cool down the market. Three top coal index compilers even stopped publishing daily updates. The move was to “stabilize market prices,” the state-backed China Coal Transportation and Distribution Association, one of the index compilers, said last week. Still, prices for the metals remain elevated. And some analysts have pointed out that it will be tough for China to reign in commodity prices without compromising elsewhere. Beijing “could easily run out of options” to contain inflation unless it walks back other goals, such as its climate targets, Citi analysts wrote in a Monday research report. They added that they don’t expect Beijing to abandon its environmental agenda, which has a “higher political priority” than inflation risks. What the rising prices have exposed, according to Louis Kuijs of Oxford Economics, is how reliant China is on its infrastructure plan to steady the economy — and how difficult it may be to change course. “China’s economy performed well in the initial stages of the recovery from Covid-19, benefiting from infrastructure-oriented stimulus and strong real estate activity and exports,” said Kuijs, the firm’s head of Asia economics. “The big question in China is whether this year growth can rotate away from infrastructure and real estate to corporate investment and consumption.” Source link Orbem News #Chinas #Economy #metal #Prices #recovery #Soaring #SoaringmetalpricesspelltroubleforChina'srecovery-CNN #Spell #trouble

[cryptokingrobiul]

Top 20 Broker

New Post has been published on http://www.top20broker.com/news/todays-trade-risk-french-results-buoy-confidence/

Today's Trade: Risk on as French results buoy confidence

Australia’s S&P/ASX 200 has jumped 0.5% to 5882.7 in the first hour of trade amid an improved global risk appetite after pro-European centrist Emmanuel Macron won the first round of the French presidential election.

Financials are leading gains with the for major lenders up 0.8%-1%. Materials are lagging despite stronger iron ore prices, with BHP down 0.2%.

Overseas, the markets overnight swung back into risk-taking mode on the basis that pro-growth centrist Emmanuel Macron will become France’s next president.

The EUR jumped the most since December and the JPY retreated as Macron and far right nationalist Marine Le Pen won the first round of voting.

US stock index futures rose, while contracts on the Nikkei 225 Stock Average soared. Gold dropped and 10-year Treasury futures fell the most since March 1. The results of the weekend vote, in which both establishment parties were eliminated, triggers a run-off on May 7 between two radically different visions of the country’s future.

Le Pen, who wants to take France out of the euro and clamp down on immigration, has trailed Macron, a committed globalist, in almost every opinion poll for the runoff by a margin of some 20 percentage points. A snap Ipsos survey late on Sunday suggested he’d win by 62% to 38% for Le Pen.

US stock futures opened sharply higher, with Dow futures soaring nearly 200 points with the S&P 500 and Nasdaq futures mirroring sharp gains.

Macron and Le Pen were neck and neck in the polls heading into the contest, with communist Jean-Luc Melenchon and conservative Fillon not far behind. According to French polling firm Ifop, the four candidates were separated by only 6 percentage points as of Friday.

The tight poll numbers led investors to dump the country’s sovereign bonds in favour of more stable German debt, pushing the spread between French and German 10-year yields to a near two-month high.

US earnings

Monday

Alcoa, Newmont Mining, Kimberly-Clark, Illiinois Tool Works, Hasbro, Halliburton, Whirlpool, Express Scripts, Ameriprise, Range Resources, Canadian National Railway, J&J Snack Foods, Owens-Illinois, Crane

Tuesday

Caterpillar, 3M, Coca-Cola, McDonald’s, Dupont, Eli Lilly, Novartis, AutoNation, Baker Hughes, SAP, Biogen, AT&T, Lockheed Martin, PulteGroup, Freeport-McMoran, JetBlue, AK Steel, Polaris, Paccar, Valero Energy, Xerox, TransUnion, Arconic, Capital One, Chipotle Mexican Grill, Discover Financial, U.S. Steel, Juniper Networks, Stryker, Panera Bread, United Health Services, Valvoline.

Wednesday

Boeing, Daimler, Fiat Chrysler, Pepsico, United Technologies, GlaxoSmithKline, Anthem, Alaska Air, Northrop Grumman, General Dynamics, Dr. Pepper Snapple, Hershey, Norfolk Southern, State Street, Credit Suisse, Hess, Seagate Technology, Twitter, Nasdaq, Amgen, Paypal, F5Networks, Tractor Supply, Buffalo Wild Wings, Boston Beer, SixFlags, CR Bard, Whiting Petroleum, Suncor.

Thursday

Alphabet, Microsoft, Intel, Amazon.com, Raytheon, Baidu, Starbucks, Expedia, Comcast, Bristol-Myers Squibb, Flex, GoPro, Western Digital, Vertex , Sirius XM Radio, Under Armour, American Airlines, Southwest Air, MGM Growth, Generac, Domino’s Pizza, CME Group, KKR, Johnson Controls, Union Pacific, UPS, Total, Celgene, Deutsche Bank, Alexion Pharma, Nintendo, AbbVie, Bayer, Air Products.

Friday

Exxon Mobil, Chevron, Colgate-Palmolive, Honda Motor, Barclays, UBS, Sony, Synchrony Financial, Spirit Airlines, Autoliv, Sanofi, Spirit Airlines, Goodyear Tire, Calpine, Cabot Oil and Gas, Phillips 66, Weyerhaeuser.

Local markets and commodities

S&P/ASX 200 futures unchanged; futures relative to estimated fair value suggest an early gain of 0.1%.

Bank of New York Australia ADR Index up 0.6%, BHP Billiton ADR -0.6% to A$23.67 equivalent, 1.5% discount to last Sydney close, Rio Tinto ADR -0.1% to A$52.33 equivalent, 13% discount to last Sydney close.

Gold has tumbled the most in almost two months this morning as investors swung back into a risk-taking mode on speculation pro-growth centrist Emmanuel Macron will become France’s next president after the first round of voting. Gold prices treaded water on Friday as investors awaited the outcome of weekend French elections and possible announcements about tax cuts in the United States. Spot gold was up 0.33% to $1,285.58/oz, on track for its first weekly drop in six. US gold futures for June delivery added $5.30 to settle at $1,289.10. Gold stocks in Toronto were up 0.46% on Friday. Gold stocks: GOR, NCM, NST, AQG, EVN, KCN, RMS, RRL, SAR, SLR.

Oil prices tumbled more than 2% on Friday, marking the biggest weekly drop in a month, on renewed concerns that increasing US production and high inventories will thwart Opec’s attempts to reduce the global crude glut. US crude futures fell below $50/barrel for the first time in two weeks, with volumes picking up in an active session that by late afternoon showed more than 560,000 front-month contracts changing hands, more than the daily average. US crude futures, which rolled over on Friday, settled at $49.62/b, down $1.09, or 2.2%. For the week, it was down 6.7%, its steepest drop since the week of March 10. Brent futures were down $1.05, or 2%, at $51.94/b, on pace for a roughly 7% weekly decline. Saudi Arabia and Kuwait, key Opec members, favour extending their production-limiting deal with non-member producers into the second half of the year. Oil stocks: WOR, WPL, STO, SEA, BPT, OSH, HZN, AWE, KAR, ORG, SXY.

Iron ore continued to recover from last week’s sell-off amid more positive sentiment. Prices rebounded over 4% as physical traders increased the buying off the back of last week’s sell-off. Steel and iron ore futures also found support, with Chinese rebar prices climbing over 3%. Spot iron ore jumped 2.86% to close at $68.22% Iron ore stocks: FMG, BHP, GBG, GRR, MGX, RIO, BCI, SDL.

Copper suffered a third week of losses amid a broad decline for industrial metals on Friday. Three-month copper on the London Metal Exchange closed flat at $5,622.50/ tonne, leaving it down 1.2% on the week. The metal used in the power and construction sectors went as low as $5,530 on Wednesday; it’s weakest since January 4. Freeport-McMoRan, which won a temporary permit to resume copper concentrate exports from its Grasberg mine on Friday, will need to show progress in building a local smelter to continue shipments beyond February, Indonesia’s Energy and Mineral Resources Minister Ignasius Jonan said. Aluminium finished 0.5% down at $1,932.50/t. Nickel lost 1.5% to $9,345/t. Zinc closed 1.8% lower at $2,584/t, with lead falling 0.8% to $2,142/t and tin down 0.6% at $19,750/t. Copper stocks: OZL, SFR; Nickel stocks: IGO, WSA; Aluminium stock: AWC.

In other news: Chorus (CNU): Will be added to ASX 200 effective May 2 open; Fortescue (FMG): Iron ore bulls regain the upper hand at end of switchback week; MyState (MYS): Considering options for wealth division, according to AFR; Rio Tinto Ltd (RIO): Recent pullback creates buying opportunity, Jefferies says; WorleyParsons (WOR): CEO says co. not seeking takeover offers, AFR says.

Broker gradings – Coca-Cola Amatil (CCL): Downgraded to sell from neutral at UBS

– Regis Resources (RRL): Raised to hold from sell at Canaccord, PT A$3.10

EURUSD and USD Index

The EUR jumped against the dollar after the first round of the French election showed that centrist Emmanuel Macron and nationalist Marine Le Pen were set to reach next month’s run-off.

EURUSD rallied to 1.0934 to print a new 2017 high and now sits above the 200 Day Moving Average.

The gap this morning is significant given it has decisively broken above the 2014 downtrend which had capped the EUR’s moves in Q4 of last year and most recently earlier this year.

We look to buy the retracement, a print of the downtrend would provide support however ideally the gap fill at 1.0736 would offer a more attractive long opportunity.

The USD index this morning gapped down as expected however violated a key trendline which has held every sell down all throughout 2016.

The US dollar index also sits below the 200 DMA and a higher move to the trendline should attract selling pressure.

Today’s Trade is compiled by the Sydney trading desk at Saxo Capital Markets

IMPORTANT INFORMATION

Today’s Trade is brought to you by Saxo Capital Markets (Australia) Pty Ltd ABN 32 110 128 286, AFSL 280372 (Saxo Capital Markets), in association with TradingFloor.com which is the property of Saxo Bank A/S, the parent company of Saxo Capital Markets. TradingFloor.com is a social trading facility offering clients of Saxo Bank Group access to in-depth market news, commentary, analysis and much more.

The content of the daily outlook should not be considered as a ‘personal’ or specific investment advice catered for your specific need, objectives or financial situation, or be construed as an express or implied promise, guarantee or implication by Saxo Capital Markets that clients will profit from the strategies expressed or that losses in connection therewith can or will be limited.

None of the information contained in the daily outlook constitutes an offer (or solicitation of an offer) to buy or sell any currency, product or financial instrument, to make any investment, or to participate in any particular trading strategy. Saxo Capital Markets; TradingFloor.com shall not be responsible for any loss arising from any investment based on any forecast or other information contained in the daily outlook. Past performance is not a reliable indicator of future performance. Information contained in this daily outlook may have previously been distributed to; and acted upon; by other clients and persons who have shown interest in Saxo Capital Markets, as well as internal affiliates/employees of Saxo Capital Markets. Any trade ideas or positions contained herein relating to products or services offered by Saxo Capital Markets may be inconsistent to trades/positions entered into by Saxo Capital Markets and/or its affiliates. Further, any information contained may consist of opinions and views of the ‘Sales Trading Desk’ as a team, however does not reflect the ‘specific’ opinion of Saxo Capital Markets.

Trades in accordance with the information contained in the daily outlook, especially, but not limited to, leveraged investments such as foreign exchange trading and investment in derivatives, can be very speculative and may result in losses as well as profits, in particular if the conditions mentioned in the daily outlook do not occur as anticipated. Prior to making any investment or entering into any transaction, you should carefully consider your financial situation and consult your independent financial expert in order to understand the risks involved and ensure the suitability for you of any investment or transaction decision you enter. Any information or opinions in this material are not intended for distribution to, or use by, any person in any jurisdiction or country where such distribution or use would be unlawful. Please refer to our Combined Financial Services Guide & Product Disclosure Statement available via www.saxomarkets.com.au. Please also consider whether acquiring or continuing to hold financial products is suitable for you, prior to trading and investing.

source

[bestartube-blog]

2017 Has a Long Way to Reduce Capacity

The state council information office will held a press conference reference of leading  the economic development of the new normal and deepening the reform of the supply side, director of the national development and reform commission, said in 2017 the requirements  of reducing the production capacity will be higher, the pressure will be greater. As a  LSAW steel pipe, DSAW steel pipe, 3 PE anticorrosive coating pipe and other products production services vendors, Shinestar group has been very attention to reducing  capacity. Shinestar steel research institute believes that have a long way to go to the  process of reducing production capacity, have pressure to just have power.

In 2016, during the process of reducing production capacity ,we encounter many new  problems and new situations, such as the contradiction between supply and demand, price  fluctuations,etc. Price is an important indicator of the baton role is very important for  the supply and demand.

At the beginning of 2016 ,steel price index is only about 60, in the second half of  2016,the price index rose to 100, the price also have a substantial rise. Line, rebar,  cold rolled sheet, plate steel, at the beginning of the year the price also is little  more than 2200 yuan per ton, 3800 yuan by the?end of the year. At the beginning of bohai  sea power coal prices index, 370 yuan per ton, in the second half once topped 680 yuan,  fluctuates up and down at the end of this year or in 600 yuan per ton.

Shinestar steel institute think about it, one is the inventory of the cover, because the  economic operation is smooth, enterprises need to cover the inventory; Second, active  reduce production, steel and coal enterprise according to the demand of production  capacity to compress the output; Third is the ultra falls, is the economic slowdown when  price down; Forth is policy expectations, everyone think efforts in increasing capacity,  may reduce the supply, prices are likely to pick up. But overall, the supply and demand  fundamentals have no fundamental change, price fluctuation is a comprehensive result of  short-term factors, it also can meet the demand of economic stability good, increasing  trend.

There are some more complex factors affecting price fluctuation, such as electricity,  road, rail capacity, etc. For this kind of situation, the national development and reform  commission together with relevant departments, trade associations, etc adopted measures:  the first is the orderly release efficient advanced capacity, increase production. The  second is to guide coal with coal enterprises signed a long-term agreement or contract,  change its way to trade, it also play a positive role. The third is the specification of  coal price index of compiling and publishing. The fourth is a specification of coal  distribution activity, strengthen the security of railway transportation.

Relevant departments are making 2017 plan of steel coal reducing production capacity,  sciencely making mission objectives. To further strengthen the safety standards and  backward production capacity standards, "zombie" companies must as a "key", speed up from  the closure.

China's steel industry should have deep understanding to the importance of capacity,  change thinking methods, deepen the reform of the supply side. As steel whole service in  the field of enterprise, Shinestar group will do a good job in the lead, to speed up the  transformation and upgrading, strive to produce high quality LSAW steel pipe, 3 PE  anticorrosive coating steel pipe, large diameter DSAW steel pipe, and other products, for  the healthy and stable development of iron and steel industry efforts.

[marketsandyou]

Iron Ore Price Surge to a New High 

The Northern China iron ore import price of 62% Fe content ore jumped 1.6% to exchange hands for $76.10 per dry metric tonne according to data supplied by The Steel Index. It's the highest price since early April and the steel-making raw material is now trading 43.6% up from its 2017 lows struck in June.

Iron ore's latest rally comes after Shanghai rebar futures the world's most traded steel contract jumped to the highest level since March 2013 on Thursday reaching $601 a tonne on Thursday.

Chinese traders are worried about a steel supply crunch as Beijing steps ups efforts to crack down on polluting plants. The country wants to cut output by as much as 50% during winter months.

In Hebei province, China's key producing region, steelmakers have until September 1 to comply with stringent new emissions regulations or would be shut down. Some 120 million tonnes of low-quality steel capacity were shuttered during the first six month of the year.

Beijing's policies to clean up and consolidate the domestic steel industry is  playing into the hands of iron ore exporting countries with low grade furnaces – particularly those that use scrap – being forced out of business. Authorities are also clamping down on pollution from sintering plants, a necessary extra step when using low grade ore to make steel.

A worry for the industry has been high stockpiles in China and inventories at the country's ports remain near all-time highs dipping to 139.2 million tonnes last week compared to the record set June 23 at 141.5 million tonnes according to Steelhome data. 

[silverbible]

METAL MORNING VIEW 25/01: Metals prices consolidate yesterday’s gains

FastMarkets

By William Adamswilliam.adams@fastmarkets.com

January 25, 2017, 07:42 GMT

Base metals this morning, Wednesday January 25, are consolidating. Prices are on average off 0.3%, between 0.1% for copper at $5,937 per tonne and 0.7% for nickel at $9,760 per tonne, while aluminium is bucking the trend, its prices are up 0.3%

This consolidation, however, comes after strong gains averaging 1.6% on Tuesday. Lead outperformed with prices up 2.7% while copper prices were up 2.3% at $5,945.50 per tonne.

Precious metals are off an average of 0.2% this morning, gold and silver prices are down 0.5% with spot gold prices at $1,203.13 per oz, while platinum is off 0.2% and palladium is bucking the trend with a 0.3% gain. On Tuesday, bullion prices were down around 0.7%, while the PGMs were up around 1.5%.

In Shanghai this morning, the base metals are for the most part up with average gains of 0.8%, nickel prices are the only ones in negative territory, prices are down 0.6%, zinc prices are little changed, while lead prices are up 0.6%, tin prices are up 1.3%, copper prices are up 1.5% at 47,560 yuan per tonne and aluminium is leading the pack with a 2.1% rise. Spot copper prices in Changjiang are up 1.3% at 47,390-47,590 yuan per tonne, the LME/Shanghai copper arb ratio is weaker at 8.01 and the spread between the spot and March futures contracts is either side of level.

In other markets in China, May iron ore futures on the Dalian Commodity Exchange are up 1%, on SHFE steel rebar prices are up 1.3%, while gold and silver prices are both down 1.5%. In international markets, spot Brent crude oil prices are up 0.3% at $55.93 per barrel.

Equities were upbeat on Tuesday helped by stronger earnings expectations, the Euro Stoxx 50 closed up 0.3%, the S&P 500 and Nasdaq touched intraday records and the Dow closed up 0.6% at 19,912.71. Equities in Asia are stronger this morning – the Nikkei is up 1.4%, helped by stronger Japanese exports, the Hang Seng and the Kospi are up 0.2%, the CSI 300 is up 0.2% and the ASX 200 is up 0.4%.

In FX, the dollar index is hovering in low ground, it was recently quoted at 100.30, the low on Friday January 20, was 99.91. The euro at 1.0752 is holding just below recent highs, the sterling is firmer at 1.2523, the yen is consolidating around 113.67 and the Australian dollar is weaker at 0.7537.

Data out late yesterday showed Japan posted its first trade surplus in six years in 2016, later there is data out on German Ifo business climate, there is a 30-year German bond auction, data on UK industrial order expectations, US house prices and crude oil inventories – see table below for more details.

Aluminium prices have been leading on the upside, the move has been helped by further talk of production cutbacks in China on the back of stricter environmental standards. Lead prices also performed well, with copper and zinc following, tin prices rebounded, while nickel prices remain depressed as they continue to suffer following Indonesia’s ore export rule changes, but elsewhere in the nickel market availability is looking tighter. For now the path of least resistance is to the upside for most of the metals, but the markets would be in danger of seeing risk-off should there be any political shocks out of the USA.

Gold prices are starting to struggle and that seems to be on the back of a lack of shocks from the early days of the new US administration, but as it is still early days, we would be surprised if there was too much long liquidation. The PGMs remain upbeat and the strength in other industrial metals may well help the PGMs hold on to their gains more, even if gold prices slip.

Metal Bulletin publishes live futures reports throughout the day, covering major metals exchanges news and prices.

Overnight Performance GMT 06:02 +/- +/- % Lots Cu 5937 -8.5 -0.1% 2160 Al 1872.5 6.5 0.3% 2166 Ni 9760 -65 -0.7% 1225 Zn 2816.5 -13 -0.5% 1423 Pb 2374 -8 -0.3% 209 Sn 20520 -80 -0.4% 10   Average -0.3%         7,193 Gold 1203.13 -5.87 -0.5%   Silver 16.979 -0.086 -0.5%   Platinum 989 -2 -0.2%   Palladium 787.3 2.3 0.3%     Average PM   -0.2%  

SHFE Prices 06:06 GMT RMB Change % Change Cu 47560 690 1.5% AL 14035 295 2.1% Zn 22760 25 0.1% Pb 18750 105 0.6% Ni 82050 -480 -0.6% Sn 147310 1930 1.3% Average change (base metals) 0   0.8% Rebar 3304 41 1.3% Iron ore 640 6.5 1.0% Au 268.6 -4.1 -1.5% Ag 4064 -61 -1.5%

Economic Agenda GMT Country Data Actual Expected Previous 9:00am Germany German Ifo Business Climate 111.3 111 Germany German 30-y Bond Auction 0.64|1.7 11:00am UK CBI Industrial Order Expectations 2 0 2:00pm US HPI m/m 0.4% 0.4% 3:30pm US Crude Oil Inventories   1.5M 2.3M

FastMarkets.com mailto:press@fastmarkets.com 8 Bouverie Street, London, EC4Y 8AX, UK +44 (0)845 241 9949

TERMS AND CONDITIONS

The Terms and Conditions for this service are here.

REPRESENTATIONS AND LIABILITY

Fastmarkets represents that:

It will supply the Services in a professional way, using the care that can be reasonably expected for this type of business, and in accordance with the practices and policies which are commonly applicable in the information services industry.

it is duly empowered to supply the Information and Service(s) to the Client for the purposes specified in this Agreement and that the Service(s) and its use by the Client as specified in this Agreement will not infringe any intellectual property rights of any third party.

Although Fastmarkets will use all reasonable endeavours to ensure the accuracy and reliability of the Services, neither Fastmarkets, the Data Sources, or any third-party provider will be liable to the Client (or any third party) for direct, indirect or consequential loss or damage, including but not limited to loss of data, trading or other economic losses, arising out of any reliance on the accuracy of the Information (including but not limited to data, news and opinions) contained in the Service(s) or resulting in any way from the supply (or failure of supply) of the Services. However, Fastmarkets accepts liability for physical loss or damage to the Site caused by its negligence or wilful misconduct.

Except as expressly stated in this agreement, all express or implied conditions, warranties or undertakings, whether oral or in writing, in law or in fact, including warranties as to satisfactory quality and fitness for a particular purpose, are excluded.

The Client will indemnify Fastmarkets against any loss, damage or cost in connection with any claim or action that may be brought by any third party against Fastmarkets relating to any misuse of the Services by the Client.

To the extent permitted by law, under no circumstances will Fastmarkets liability under this Agreement exceed the Service Fees paid to Fastmarkets by the Client, regardless of the cause or form of action.

PRIVACY POLICY

The Fastmarkets Ltd Privacy Policy is here.

Powered by Scoop! © FastMarkets Ltd 2013

The post METAL MORNING VIEW 25/01: Metals prices consolidate yesterday’s gains appeared first on FastMarkets.

from METAL MORNING VIEW 25/01: Metals prices consolidate yesterday’s gains