Now that the metals have hit our downside targets and have bounced, is it time to buy? The answer is not as easy as one might think. As an investor, you can always buy as long as you are investing money that you don't need for the mortgage, car payment or other daily living expenses. As a trader, the buy was near the $1,180 level. It's now time to watch and see how far this bounce can take gold. S...Read More
The latest news and price moves to start the Asian day on Wednesday August 22.Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Tuesday August 21, underpinned by a retreat in the United States' dollar while international trade rifts continue to deter commodity investment. Read more in our live futures report.Here are how prices looked at the close o...Read More
The Brazilian steel sector has urged the government to refrain from taking measures to open up the economyto free trade and increased imports. ...Read More
The latest news and price moves to start the Asian day on Wednesday August 22.Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Tuesday August 21, underpinned by a retreat in the United States' dollar while international trade rifts continue to deter commodity investment. Read more in our live futures report.Here are how prices looked at the close o...Read More
Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Wednesday August 22, marked by significant gains in three-month zinc and tin prices while positive market sentiment about the US-China trade talks boosted the complex....Read More
Zinc premiums became firmer across Asia over the week ending Wednesday August 22, with an open import arbitrage to China sending Shanghai premiums to nine-month highs....Read More
Tin premiums were stable across the board on Tuesday August 21, with a recent swing in the metal's London Metal Exchange cash/three-month spread having little effect on the physical market. ...Read More
The depreciation of the South African rand since early August has sparked a debate in the chrome ore market over whether South African suppliers should be expected to cut offers prices into China. ...Read More
The depreciation of the South African rand since early August has sparked a debate in the chrome ore market over whether South African suppliers should be expected to cut offers prices into China. ...Read More
In the battle between macro and fundamental copper price drivers, copper bears hold the strongest of all trump cards - trade war. Copper's physical market is showing some of its most bullish signals in years, with premiums, scrap discounts and trade flows all indicating heightened demand over supply. Despite this, the London Metal Exchange three-month copper dropped sharply from a five-year high o...Read More
Minor metals suppliers are moving indium and other minor metals into the United States in anticipation they will be swept up in US President Trump's burgeoning trade war with China. "We have been shipping indium into the US because of the threat of duties," one trader told Metal Bulletin. "We sell a lot of indium in the US, and almost all of it comes from China." The US first imposed sweeping tari...Read More
Turkish steel producers concluded a third day without trading due to the religious holiday of Eid al-Adha on Wednesday August 22, with some fearing that traders may not come back to the market until September....Read More
Base metals prices were mixed on the London Metal Exchange on the morning of Wednesday August 22, with weakness seen in copper,lead and zinc, while nickel and tin prices increased and aluminium remained unchanged. Copper was down by 0.6%, lead down 0.2% and zinc down 0.9%, while nickel was up 0.8% and tin up 0.3%. Three-month copper prices were recently quoted at $6,027 per tonne.Vo...Read More
Prices for hot-rolled (HR) and cold-rolled (CR) steel sheet in Russia's Central Federal District around Moscow have increased this week with mills trying to keep their domestic market profitability high compared with export sales....Read More
Domestic prices for cold-rolled coil in the EU will remain stable until late August-beginning of September, when market will start to recover from seasonal market slowdown....Read More
EU domestic prices for hot-rolled coil (HRC) have been stable over the past week with market activity not yet recovered from the summer slowdown, sources told Metal Bulletin on Wednesday August 22....Read More
Italian long steel producer Acciaierie e Ferriere di Piombino (Aferpi) will restart the rail products rolling mill at its plant in Piombino in northern Italy on Friday August 24, according to local media reports....Read More
Prices for rebar produced and delivered in Southern Europe remained unchanged over the past week, amid continued low activity, sources told Metal Bulletin on Wednesday August 22....Read More
Domestic prices for steel beams in Europe were stable this week with many market participants still on holiday, sources told Metal Bulletin on Wednesday August 22....Read More
Turkish steel producers concluded a third day without trading due to the religious holiday of Eid al-Adha on Wednesday August 22, with some fearing that traders may not come back to the market until September....Read More