CHINA REBAR: Cold wave, Covid-19 outbreak spark transportation woes

China's domestic rebar prices moved up on Friday January 8 due to supply concerns arising from longer transportation time caused by a cold wave and a growing outbreak of Covid-19 in Hebei province.

Domestic
Eastern China (Shanghai): 4,490-4,520 yuan ($694-699) per tonne, up by 30 yuan per tonne
Northern China (Beijing) weekly assessment: 4,080-4,120 yuan per tonne, up by 120-130 yuan per tonne

Vessel departures at ports along the Bohai Sea and Huanghai Sea, including those in Tangshan, are experiencing delays due to the formation of...

Bank of Japan boosts rates, continuing an unwinding carry trade

Gold stocks outperform equity market slide

Silver inventories rebound in UK, output from major producers rises

Silver's three-month outperformance continues

Silver & Copper Supply Distortions Continue