Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
The latest news and price moves to start the Asian day on Friday January 12.Base metals prices on the London Metal Exchange were mostly lower at the close on Thursday January 11, with nickel prices falling 2%. Read more in our live futures report.Here are how prices looked at the end of the day on Thursday.Metal Bulletin has learned that operations at Glencore's Pasar copper smelter in I...Read More
The latest news and price moves to start the Asian day on Friday January 12.Base metals prices on the London Metal Exchange were mostly lower at the close on Thursday January 11, with nickel prices falling 2%. Read more in our live futures report.Here are how prices looked at the end of the day on Thursday.Metal Bulletin has learned that operations at Glencore's Pasar copper smelter in I...Read More
The latest news and price moves to start the Asian day on Friday January 12.Base metals prices on the London Metal Exchange were mostly lower at the close on Thursday January 11, with nickel prices falling 2%. Read more in our live futures report.Here are how prices looked at the end of the day on Thursday.Metal Bulletin has learned that operations at Glencore's Pasar copper smelter in I...Read More
Aluminium foundry alloy tags inched up slightly in Europe this week but stayed flat in the United States. Market participants presented varying pictures of demand around the globe - it was said to be good in general but stronger for heavier vehicles, particularly in the US.12-Jan-2018 ...Read More
Base metals prices on the London Metal Exchange closed the week on divergent paths today, Friday January 12, with aluminium leading the upside.The three-month aluminium price closed above $2,200 per tonne for the first time since the first trading day of the year. 16,000 tonnes of aluminium was freshly cancelled at LME-listed warehouses this morning, which supported prices. "Strong Chinese trade f...Read More
China, the world's largest copper consuming country, imported 4.69 million tonnes of unwrought copper in 2017, down 5.7% from a year ago, according to the latest customs data.The amount of unwrought copper brought into the country in 2016 was 4.95 million tonnes. The drop stands in contrast to the rising domestic copper production. For the first ten months...Read More
China, the world's largest copper consuming country, imported 4.69 million tonnes of unwrought copper in 2017, down 5.7% from a year ago, according to the latest customs data.The amount of unwrought copper brought into the country in 2016 was 4.95 million tonnes. The drop stands in contrast to the rising domestic copper production. For the first ten months...Read More
Operations at Glencore's Pasar copper smelter in Philippines have been suspended since last week due to a technical failure, a source at the company confirmed to Metal Bulletin on Friday January 12. "There has been an equipment failure at the plant related to the cooler (and relevant controls have already kicked in) and operations have been suspended," the source said. It is not yet known when the...Read More
Aluminium foundry alloy tags inched up slightly in Europe this week but stayed flat in the United States. Market participants presented varying pictures of demand around the globe - it was said to be good in general but stronger for heavier vehicles, particularly in the US.12-Jan-2018 ...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Iron ore prices retreated on Friday, to around $78 per tonne, following weakness in China's steel market, and after the potential for supply disruptions as a result of a cyclone in Australia reduced significantly.Seaborne coking coal prices were firm at the end of the week, with fob Australia...Read More
Scrap prices in the world's major markets except the United States continued to strengthen in the week from Monday January 8 to Friday January 12 amid low supplies of material.Turkish steel mills resumed their deep-sea scrap bookings at the beginning of the week and have now booked three deep-sea cargoes from the Baltic Sea region.Turkey importsTurkish steel mills booked deep-sea cargoes from the...Read More
Comex copper prices were lower on the morning of Friday January 12, with volumes small ahead of the US holiday weekend.Copper for March settlement on the Comex division of the New York Mercantile Exchange dipped by 0.45 cents or 0.1% to trade recently at $3.2285 per lb. The trading range so far has been between $3.2180 and $3.2490 per oz."Copper is comfortably consolidating," Metal Bulletin analys...Read More
Base metals prices on the London Metal Exchange are generally higher this morning, Friday January 12, with prices fairly uniformly up between 0.5% and 0.6% - apart from tin prices that are down 0.1% at $20,159 per tonne. Three-month copper prices are up by 0.5% at $7,167 per tonne and zinc prices have been as high as $3,405 per tonne, which is a fresh multi-year high.Volume has been average, with...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Iron ore prices retreated on Friday, to around $78 per tonne, following weakness in China's steel market, and after the potential for supply disruptions as a result of a cyclone in Australia reduced significantly.Seaborne coking coal prices were firm at the end of the week, with fob Australia...Read More
Offer prices for South Korea-origin commercial grade hot-rolled coil (HRC) to India have increased by $25 tonne to $640-645 per tonne cfr Mumbai for shipments in March, Metal Bulletin heard on Friday January 12.This compared with offers made late in December at $615-620 per tonne cfr Mumbai.One Mumbai-based importer, while confirming the offers, said that the bids against the offers were in the ra...Read More
Export prices for Latin America-origin cold-rolled coil (CRC) went up this week, while prices for hot-rolled coil (HRC) were flat amid renewed offers from Brazil.Metal Bulletin's weekly assessment of Latin America's CRC export prices increased to $670-685 per tonne fob on Friday January 12, compared with $635-640 per tonne fob a week earlier.Meanwhile, Latin America's HRC export prices...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Iron ore prices retreated on Friday, to around $78 per tonne, following weakness in China's steel market, and after the potential for supply disruptions as a result of a cyclone in Australia reduced significantly.Seaborne coking coal prices were firm at the end of the week, with fob Australia...Read More
Domestic prices for rebar in Poland have increased over the past week due to higher scrap costs, sources told Metal Bulletin on Friday January 12.Metal Bulletin's weekly price assessment for domestic 12mm B500B-grade rebar in Poland was 2,240-2,300 zloty ($643-661) per tonne ex-works on January 12, compared with 2,220-2,270 per tonne ex-works a...Read More
China's finished steel exports fell by 30.50% in 2017, mainly due to higher domestic prices diverting volumes from overseas markets. The country shipped 75.43 million tonnes of finished steel in 2017, down 30.50% from 108.43 million tonnes in 2016, according to preliminary Chinese customs data released on Friday January 12. In December,...Read More