Iron ore prices fell on Monday March 5 after China's ferrous futures weakened across the board.Metal Bulletin's 62% Fe Iron Ore Index Today: $77.03 per tonne cfr QingdaoDaily change: down by $1.31 per tonneMonth-to-date average: $78.25 per tonneMetal Bulletin's 58% Fe Premium Index Today: $60.78 per tonne cfr QingdaoDaily change: down by $0.89 per tonneMonth-to-date average: $61.50 per tonneMetal....Read More
Seaborne iron ore prices softened on Monday March 5 amid a weakening of ferrous futures in China. Key drivers The decline in the futures market weighed on the spot prices for both steel and iron ore. A number of traders lowered their offers to generate some buying interest. For instance, March-delivery cargoes of 61% Fe Pilbara Blend fines were offered at $75-75.25 per tonne cfr. There were also M...Read More
The seaborne coking coal market took a breather on Monday March 5 with end-users still waiting on the sidelines for a clearer trend to form. A prompt cargo of lower-ranked second-tier product was transacted at $200 per tonne cfr China, sources said. There are at least nine March- and April-laycan cargoes of premium materials being offered in the seaborne market, according to various sources. "Thre...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. Latest transaction: iron ore Iron oreAnshan Iron & Steel, Beijing Iron Ore Trading Center (Corex),...Read More
Chinese silicon metal export prices continued to edge up on Friday March 2 amid renewed buying interest from Japanese buyers last week. Metal Bulletin's Chinese grade 553 silicon metal export price moved up to $2,010-2,050 per tonne on Friday, up 0.2% from the previous week. Tightness on spot availability persisted and is expected to be a dominant theme for March as a result of the halt of op...Read More
Supply tightness pushed European antimony prices higher again over the past week, while the Chinese market was quiet with most consumers adopting a wait-and-see stance following the break for Chinese New Year.The European antimony market strengthened again this past week, with many sellers reluctant to part with material ahead of any further increases prompted by recovering Chinese demand. But som...Read More
Base metals traded on the London Metal Exchange are for the most part weaker this morning, Monday March 5, with the complex down by an average of 0.4%.Nickel leads on the downside with a 1.1% fall, copper prices are down by 0.4% at $6,887 per tonne and tin is the only metal where prices are higher, up by 0.2% at $21,595 per tonne.Volume has been high with 10,045 lots traded as of 07.30am London ti...Read More
A high availability of scrap put pressure on European floated frag and cast prices on Friday March 2, with Metal Bulletin's assessments dropping for the first time since September 15, 2017. Metal Bulletin's prices for floated frag for delivery in Europe, fell to ?,?1,280 -1,310 ($1,577-1,614) per tonne in Friday's assessment from ?,?1,300-1,330 per tonne seven days earlier, while European cas...Read More
So President Trump confirmed, last week, that from later this week, he will formally introduce a blanket tariff on steel imports, at 25%, and aluminium, at 10%.Both tariffs are in fact higher than those recommended by the DOC (Dept. of Commerce). In return, he stated to a number of metal manufacturers Thursday (March 1) "You'll have to regrow your industries; that's all I'm asking". To be fair to...Read More
So President Trump confirmed, last week, that from later this week, he will formally introduce a blanket tariff on steel imports, at 25%, and aluminium, at 10%.Both tariffs are in fact higher than those recommended by the DOC (Dept. of Commerce). In return, he stated to a number of metal manufacturers Thursday (March 1) "You'll have to regrow your industries; that's all I'm asking". To be fair to...Read More
So President Trump confirmed, last week, that from later this week, he will formally introduce a blanket tariff on steel imports, at 25%, and aluminium, at 10%.Both tariffs are in fact higher than those recommended by the DOC (Dept. of Commerce). In return, he stated to a number of metal manufacturers Thursday (March 1) "You'll have to regrow your industries; that's all I'm asking". To be fair to...Read More
So President Trump confirmed, last week, that from later this week, he will formally introduce a blanket tariff on steel imports, at 25%, and aluminium, at 10%.Both tariffs are in fact higher than those recommended by the DOC (Dept. of Commerce). In return, he stated to a number of metal manufacturers Thursday (March 1) "You'll have to regrow your industries; that's all I'm asking". To be fair to...Read More
This has been yet another week in which events transpired that profoundly influenced the financial landscape. It seems as though volatility and uncertainty have become intrinsic outcomes of statements recently made by those that run our country. The hawkish testimony on Tuesday to Congress by newly appointed Federal Reserve Chairman Jerome Powell resulted in a dynamic selloff in U.S. equities. Thi...Read More
(Kitco News) - U.S. President Donald Trump once again has shown his affinity for gold, coming to the market’s rescue Thursday as prices fell to a two-month low.The gold market is heading into the weekend, benefiting from renewed market volatility and geopolitical uncertainty as investors digest the implication of a possible global trade war after Trump announced that his administration would...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy. (Ki...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.Next w...Read More
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
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.The in...Read More
The latest news and price moves to start the Asian day on Friday March 2. Aluminium and tin were the only base metals on the London Metal Exchange to close the day in positive territory on Thursday March 1, with the rest of the complex diving. Read more in our live futures report.Here are how LME prices looked at Thursday's close:United States President Donald Trump announced in a meeting with US...Read More