China's domestic rebar prices moved down on Thursday August 30, in line with weak demand and lower futures. ...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Thursday August 30.Base metals prices on the Shanghai Futures Exchange were broadly up during Asian morning trading on Thursday, with only copper and nickel bucking the trend.Copper prices underperformed on the SHFE during the early session on Thursday, with the metal's most-traded copper cont...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 4 points in pre-opening trade. Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for Weekly Jobless Claims was an increase to 214,000 from 210,000 last week. Actual was 213,000. Consensus for July Personal Income was an increase of 0.4% versus a gain of 0.4% in June. A...Read More
Trading activity in the seaborne iron ore market was limited on Thursday August 30 with buyers and sellers refusing to compromise amid price drops in China's steel markets....Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. ...Read More
The seaborne coking coal spot market was largely unchanged on Thursday August 30 amid a gradual convergence of offers and bids....Read More
China's metallurgical coke market has sustained robust momentum, with domestic and export prices raised to historical highs....Read More
China's coke future tumbled during morning trading on Thursday August 30, while the other ferrous contracts ended the session little changed from their opening prices....Read More
Key data from the Wednesday August 29 pricing session in Shanghai. Cobalt metal - China domestic cobalt metal price dipped during the midweek pricing session to 470,000-500,000 yuan per tonne ($26.94-28.66 per lb China VAT-free), following local producers' destocking activities. - Spot trades have been thin with Jinchuan branded cobalt changing hands at 470,000-475,000 yuan per tonne. Offers for i...Read More
Import prices for stainless steel in East Asia remained largely stable over the past week amid limited trading, low demand and a softening nickel market....Read More
China's domestic stainless steel prices moved up slightly over the past week although demand remained soft....Read More
Key data from the Wednesday August 29 pricing session in Shanghai....Read More
International metals group Liberty House will almost double production of hot rolled coil (HRC) at its Newport rolling mill in South Wales, UK, in 2018, the company said on Thursday August 30....Read More
International metals group Liberty House will almost double production of hot rolled coil (HRC) at its Newport rolling mill in South Wales, UK, in 2018, the company said on Thursday August 30....Read More
Both the NASDAQ Composite and the Standard & Poor’s 500 closed at new record highs today, with tech and oil stocks fueling this most recent rally. The NASDAQ, which broke above 8,000 earlier this week, hit a new milestone today as the tech-heavy composite index closed above 8,100.As of 4:12 PM Eastern standard time, the composite index is currently trading at 8,108.36, a net gain of almo...Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term. Create your own user feedback survey Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our mar...Read More
(Kitco News) - WASHINGTON (Reuters) - U.S. federal regulators on Wednesday ordered BNP Paribas (BNPP.PA) to pay a $90 million civil penalty after settling charges against BNP Paribas Securities Corp for attempted manipulation of the ISDAFIX benchmark.The Commodity Futures Trading Commission order found that BNP Paribas attempted to manipulate the benchmark to benefit its derivatives positions in i...Read More
(Kitco News) - Gold and silver prices are modestly lower in early-afternoon U.S. trading Wednesday. Prices have moved off their daily lows, however. With little risk aversion among traders and investors at present, the safe-haven metals remain on shaky ground. December gold futures were last down $1.90 an ounce at $1,212.60. December Comex silver was last down $0.059 at $14.84 an ounce. U.S. stock...Read More
Endeavour Silver Corp. (NYSE: EXK, TSX: EDR) announces a series of measures to reduce capital, operating and other costs after a drop in precious-metals prices, officials say. Also, production at the El Compass plant has been temporarily suspended. “Enhanced cost discipline is the prudent course of action for mining companies during times of lower metal prices, especially when inve...Read More
Holdings of gold by global exchange-traded funds are continuing to decline, reports Commerzbank. The ETFs trade like a stock but track the price of the commodity, with metal put into storage to back the shares. They give investors exposure to the gold price without incurring certain expenses such as assaying and storage. “ETF investors - [who] tend to take a longer-term view - are continuing...Read More