Spot port manganese ore prices in China recovered last week due to positive market sentiment, further supported by spikes in ferro-alloys futures prices.Metal Bulletin's 37% manganese ore index cif Tianjin, rose by 0.6% week on week to $6.39 per dry metric tonne unit on Friday August 10. The index had been steadily falling over the previous three weeks from a July peak of $6.86 per dmtu on July 13...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Wednesday August 15.Base metals prices on the Shanghai Futures Exchange continued to slide during morning trading on Wednesday, following disappointing Chinese economic data that heightened concerns over slowing growth in the world's second largest economy.Check Metal Bulletin's live futures r...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 16 points in pre-opening trade. Trade war fears have resurfaced.Index futures were virtually unchanged following release of economic news released at 8:30 AM EDT. Consensus for July Retail Sales was an increase of 0.1% versus a revised gain of 0.2% in June. Actual was an increase of 0.5%. Excluding auto sales, consens...Read More
Exports of pig iron from Brazil fell 52.53% year-on-year in July, pressured by reduced demand from the United States....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
Physical iron ore prices continued to soften on Wednesday August 15, with wider discounts being reported for prompt seaborne cargoes....Read More
The seaborne coking coal spot market quietened down on Wednesday August 15 in the absence of new offers and bids, with participants staying on the sidelines for a clearer trend to emerge. ...Read More
Coal exports from Australia's metallurgical coal hub of Queensland were largely unchanged in July compared a year earlier. ...Read More
Mining stock prices fell sharply on Wednesday August 15 alongside a record decline on the London Metal Exchange....Read More
The following Metal Bulletin minor metals prices changed on Wednesday August 15:...Read More
Metal Bulletin has launched a price assessment for cobalt sulfate, 20.5% min Co, ex-works China, published as a $ per lb adjustment to the low end of Metal Bulletin's existing benchmark low-grade cobalt price assessment.After a consultation period, Metal Bulletin has launched a price assessment to cover the Chinese cobalt sulfate market. Cobalt sulfate, of which China is the largest producer in th...Read More
Metal Bulletin proposes to discontinue its selenium dioxide min 98% China domestic in-warehouse price. Selenium dioxide is mostly used in the electrolytic manganese flake industry in China, but in the past two years consumers have turned increasingly to the overseas market for their cargoes. Consequently, domestically traded volumes in China have dropped significantly. Due to the fall in liquidity...Read More
The following Metal Bulletin UK non-ferrous scrap and foundry ingot prices changed on Wednesday August 15:...Read More
The crisis between the United States and Turkey has had its most marked effects on the long steel market in the Middle Eastern country, where deals are made in Turkish lira....Read More
The crisis between the United States and Turkey has had its most marked effects on the long steel market in the Middle Eastern country, where deals are made in Turkish lira....Read More
After yesterday's dynamic price drop, the real question is will gold go lower or will it rally from here? The possible answers are entirely different when you look at the technical data and when you then look at the fundamental events behind the selloff in gold. On a technical basis, gold is over-sold. This week gold broke below the 0.618% retracement as it traded through and below $1,218 per ounc...Read More
NEW YORK (Reuters) - As Turkey's financial markets spiral down, threatening the country's economy, investors are gauging whether emerging markets as an asset class are in danger of falling out of grace. The following selection of data points indicate there is relative weakness in Argentina and South Africa, while Asia and Mexico show strength.A plunge in the Turkish lira has set off a wave of sell...Read More
(Kitco News) - Streaming company Wheaton Precious Metals Corp. (TSX, NYSE: WPM) late Tuesday reported a rise in its second-quarter adjusted profit as revenues got a boost from higher gold sales and prices.Adjusted net earnings were $73 million, or 16 cents per share, up from $67 million, or 15 cents, in the same period of 2017.Net earnings were $318 million, up from $67 million. The April-June net...Read More
(Kitco News) - Gold and silver prices are modestly up in early-afternoon U.S. trading Tuesday, on mild rebounds after gold hit a nearly 1.5-year low and silver a two-year low on Monday. An encouraging sign for the precious metals bulls is that their markets were able to sustain gains today despite a solid rally in the U.S. dollar index to a 14-month high. December gold futures were last up $3.30 a...Read More
(Kitco News) - After briefly breaching the $1,200-an-ounce level, gold prices have only higher to go, with the third quarter marking the bottom for prices in 2018 and 2019, according to ABN Amro.“Gold, silver and platinum prices are expected to bottom out during the coming weeks. We expect higher prices in 2019,” the Dutch bank’s senior precious metals and diamond analyst, George...Read More