Failure are the words to describe the action in gold as it got crushed on Tuesday, violating key support levels, and is lower again this morning. The action is ugly and figures to get worse before it gets better. The Major League Baseball all-star game was Tuesday night and there were a record number of home runs in the game. It appears that gold is taking the opposite side and striking out daily....Read More
(Kitco News) - Gold touched the next major support line of $1,220 overnight. Weaker oil prices suggesting a softer inflation impact and a stronger dollar on yield differentials have both contributed to the selling pressure. Fed Chair Powell reinforced the Fed's guidance of two additional rate hikes this year at yesterday's congressional testimony, which provoked liquidation in the commodity space...Read More
The latest news and price moves to start the Asian day on Wednesday July 18.Zinc prices on the London Metal Exchange climbed by 1.5% at the close of trading on Tuesday July 17, staging a marginal recovery over the afternoon while the rest of the complex continues to feel the effects of escalating global trade tensions. Read more in our live futures report. Here are how prices looked at the cl...Read More
The latest news and price moves to start the Asian day on Wednesday July 18.Zinc prices on the London Metal Exchange climbed by 1.5% at the close of trading on Tuesday July 17, staging a marginal recovery over the afternoon while the rest of the complex continues to feel the effects of escalating global trade tensions. Read more in our live futures report. Here are how prices looked at the cl...Read More
The latest news and price moves to start the Asian day on Wednesday July 18.Zinc prices on the London Metal Exchange climbed by 1.5% at the close of trading on Tuesday July 17, staging a marginal recovery over the afternoon while the rest of the complex continues to feel the effects of escalating global trade tensions. Read more in our live futures report. Here are how prices looked at the cl...Read More
Zinc prices on the London Metal Exchange rallied over 3% at the close of trading on Wednesday July 18, buoyed by weaker than expected US housing statistics amid broad consolidation across most of the other base metals. ...Read More
Comex copper prices were unable to hold in yesterday's tight trading range on the morning of Wednesday July 18, with a resurgent dollar again applying heavy selling pressure....Read More
Base metals on the London Metal Exchange were mostly lower during morning trading on Wednesday July 18, impeded by a strong advance in the US dollar index amid persistent pressure from escalating global trade tensions. ...Read More
About 112 tonnes of cobalt in drums have been stolen from the Vollers warehouse in Kesterenstraat 21, Rotterdam. The theft, from a secure area of the warehouse, is believed to have taken place between Thursday July 5 and Monday July 9, according to a notice from the Minor Metals Trade Association sent to its members earlier on Wednesday July 18."Additional monitoring and security have been impleme...Read More
An overview of the minor metals markets and the reasons for any price moves. Read More
Turkish steel producers booked scrap from various deep-sea sources for August deliveries on Wednesday July 18....Read More
Taiwan's ferrous scrap imports increased by 11% on the year in May, according to the territory's customs agency....Read More
Metal Bulletin is proposing to launch four weekly grade-316 alloy steel scrap assessments - two for the UK and two for Europe.Metal Bulletin is proposing to launch two weekly UK domestic grade-316 alloy steel scrap assessments on a delivered to merchant basis, ? per tonne.Metal Bulletin is also proposing to launch two weekly Europe import grade-316 alloy steel scrap assessments on a cif main Euro...Read More
Comex copper prices were unable to hold in yesterday's tight trading range on the morning of Wednesday July 18, with a resurgent dollar again applying heavy selling pressure....Read More
About 112 tonnes of cobalt in drums have been stolen from the Vollers warehouse in Kesterenstraat 21, Rotterdam. The theft, from a secure area of the warehouse, is believed to have taken place between Thursday July 5 and Monday July 9, according to a notice from the Minor Metals Trade Association sent to its members earlier on Wednesday July 18."Additional monitoring and security have been impleme...Read More
Brazilian flat steel import volumes rose by 23.13% year-on-year in June 2018, mostly because of higher inbound shipments from China....Read More
European steel plate producers are expected to achieve domestic price increases because of the preliminary decision in a regional safeguard case, sources told Metal Bulletin on Wednesday July 18....Read More
China's ferrous futures weakened in the early hours of morning trading on Wednesday July 18, though the contracts went on to make up for most of the losses by the end of the session, amid weakness in the physical steel market....Read More
Brazilian long steel imports increased by 97.99% year-on-year in June 2018, due to higher shipments from Turkey....Read More
UK long steel producer British Steel has announced plans to upgrade its wire rod line at Scunthorpe in England in 2019, to produce material in a wider range of sizes (up to 28mm) and to tighter tolerances, with better surface quality and micro-structural properties....Read More