Prices in the seaborne coking coal market gained more downward momentum on Friday March 9, with the number of offers continuing to outpace bids. "Sellers have visibly softened their attitude toward the prices of their cargoes since it is difficult to prop them up based on just the sole factor of the weather," an East Asian end-user source said. Although there are still "two to three more weeks to...Read More
The three-month nickel price on the London Metal Exchange recovered $100 per tonne in morning trading on Friday March 9, supported by a large cancellation of stocks at LME-listed warehouses.Some 29,244 tonnes of nickel was freshly cancelled - with the majority of it in Johor - which helped push the three-month price higher after two days of declines. "Nickel has a rather bullish fundamental backdr...Read More
Deliverable copper stocks at Shanghai Futures Exchange-approved warehouses rose for a sixth consecutive week in the week to Friday March 9, while nickel and tin inventories declined.Copper stocks increased 7,808 tonnes to 268,095 tonnes this week, up 3% from the 260,287 tonnes recorded on March 2. Stocks are now up 67% since the beginning of the year. Zhongchu Wusong warehouse in Shanghai saw the...Read More
China's hot-rolled coil prices fell further ahead of the weekend after the paper market tumbled.DomesticEastern China (Shanghai): 3,930-3,960 yuan ($620-625) per tonne, down by 70 yuan per tonneNorthern China (Tianjin): 3,890-3,910 yuan per tonne, down by 50 yuan per tonneChina's ferrous futures plunged with the outlook for the market becoming more bearish after United States President Donald Trum...Read More
Daniel Hisshion has left his role as Asian sales director and strategic supply director at 5N Plus, Metal Bulletin has learned.His last day at the company was March 7, 2018. At 5N Plus, Hisshion was in charge of raw material supply of selenium, tellurium, bismuth and indium, and the...Read More
An overview of China's minor metals markets in the week of March 5-9 and the reasons for any price moves.Read More
The following Metal Bulletin minor metals prices changed on Friday March 9:Minor metals Bismuth MB free market, $/lb: $5.10-5.40 per lb from $5.20-5.40 Bismuth MB China domestic, yuan/tonne: 70,500-71,000 yuan per tonne from 71,000-72,000 yuan Cobalt MB free market high grade,...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Base metals traded on the London Metal Exchange are for the most part weaker this morning, Friday March 9. The exception is nickel, where prices are up by 0.2%, while the rest are lower: Zinc (-1%), tin (-0.9%), aluminium (-0.5%), lead (-0.3%) and copper prices are off by 0.5% at $6,792 per tonne.Volume has been high with 13,023 lots traded as of 07.10am London time - high volume and weak prices d...Read More
Domestic stainless steel prices in China have fallen further over the past week following losses in the nickel market. Metal Bulletin's assessment of prices for benchmark 304 stainless CRC in the major market of Wuxi was 14,600-15,300 yuan ($2,304-2,415) per tonne including VAT for the week ended Thursday March 8, against 14,700-15,300 yuan per tonne from a week earlier. Nickel prices on the Londo...Read More
The following Metal Bulletin non-ferrous European free market scrap prices changed on Friday March 9:Aluminium scrap Floated Frag: ?,?1,270-1,300 per tonne from ?,?1,280-1,310...Read More
The latest bids, offers and deals in the global markets for ferrous scrap products. ...Read More
Editor's Note: Gold and silver have been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitc...Read More
Saddle up and hold on to your 10-gallon hat. There is a new tariff in town, and he’s not afraid of a little trade war. As expected, this afternoon President Trump made good on his pledge to implement strong tariffs on both steel and aluminum. Although it will exclude both Canada and Mexico, it will seek to target significant trade disparities between the United States and some of its trading...Read More
WASHINGTON/SANTIAGO (Reuters) - President Donald Trump was set to press ahead with the imposition of 25 percent tariffs on steel imports and 10 percent on aluminum, although he said on Thursday he was willing to strike a deal that could exempt Canada and Mexico.Trump has offered relief from steel and aluminum tariffs to countries that “treat us fairly on trade,” a gesture aimed at putt...Read More
(Kitco News) - Although gold prices are struggling to find enough momentum to push through its elevated trading range, one fund manager said that it wouldn’t take much to drive prices to new multi-year highs.In a webinar at the start of the week, Will Rhind, CEO of GraniteShares, which manages the new gold-backed ETF (NYSE: BAR), said that he could see gold prices push to $1,475 an ounce if...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
The latest news and price moves to start the Asian day on Thursday March 8.Base metals prices on the London Metal Exchange slumped by the 5pm close on Wednesday March 7, with a sell-off spurred by uncertainty stemming from the latest developments over the United States' Section 232 probe. Read more in our live futures report.Here are how LME prices looked at Wednesday's close:Europe's largest copp...Read More