Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
(IDEX Online) - Bahrain's stock exchange has signed a trade agreement with the Israel Diamond Exchange (IDE) following September's historic normalization of relations between the two countries. Officials from the Bahrain Bourse visited IDE, in Ramat Gan, to sign a memorandum of understanding (MOU) aimed at creating commercial opportunities, especially in commodity-based assets. &n...Read More
(IDEX Online) - A bracelet featuring a 43.10-carat royal blue Kashmir sapphire and a total of 67.90 carats of diamonds goes under the hammer at Christie's tomorrow with a high estimate of $7m.It's the lead item in the Magnificent Jewels sale in New York.The cushion-cut sapphire (pictured) has no indications of heating, according to the SSEF grading lab, and is aged at 21 million years.It...Read More
Rebar producers in Egypt increased their prices by E ?300-500 ($19-32) per tonne, effective from December 6 and 7, sources told Fastmarkets.Producers in the country are offering rebar at E ?11,450-11,600 ($729-739) per tonne ex-works including 14% VAT, up 3.6% from the previous range of E ?10,950-11,300 per tonne ex-works including VAT. ...Read More
Fastmarkets' iron ore indices for 62% Fe low-alumina fines, cfr Qingdao and 65% Fe Brazil-origin fines, cfr Qingdao both reached record highs on Monday December 7, sources said.Iron ore prices gained ground despite the sintering restrictions on active ports trading and steel prices, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $146.93 per tonne, up $1.92 per to...Read More
China's hot-rolled coil prices jumped on Monday December 7 amid futures gains, with the ferrous market overall posting increases after iron ore reached a record high on Friday.DomesticEastern China (Shanghai): 4,340-4,360 yuan ($665-668) per tonne, up 60-70 yuan per tonneA Shanghai-based trader said sellers in the spot market increased their offers after seeing gains in the futures market, "e...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Over the weekend, the office of Philippines president Rodrigo Duterte reportedly instructed the nation's Department of Environment and Natural Resources to work with the miner and the Department ofRead More
CME Group's busheling futures contracts traded 619 lots (12,380 gross tons) on Friday December 4.The front-month December contract shed $1 compared with the previous day to close at $376 per ton after opening at $385 per ton, according to a daily report from the exchange. Forty-six lots traded in a range of $376-391 per ton.Fifty-two lots settled against the January contract,...Read More
Turkish domestic scrap prices have continued to increase over the past week on improving imported scrap values, sources said on Monday December 7.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey was 2,610-2,915 lira ($335-374) per tonne on Monday, up from the 2,600-2,645 lira per tonne of last week.Steel mills in the Izmir and Istanbul regions as...Read More
Brazilian exports of ferrous scrap plummeted in November 2020 with the country's industry focused on the domestic market, although Bangladesh remained the principal destination for the shipments that were made, data from the country's economy ministry showed on Friday December 4.Brazil shipped 30,162 tonnes of scrap last month, down by 59.1% in comparison with 73,779 tonnes in November 2019 and at...Read More
With Chinese exports up 21.1% in November year on year, the global economy is looking stronger again, but with the metals mixed on Monday December 7 - having been exceptionally strong recently - perhaps the market realizes a lot of the good news is baked-in already.* Chinese trade balance climbed to $75.4 billion in November, up from $58.4 billion in October* Japan’s leading indicators climbe...Read More
Seaborne premium hard coking coal prices edged up on Monday December 7, with active trading in the fob market late last week.Fastmarkets indicesPremium hard coking coal, fob DBCT: $103.07 per tonne, up $0.45 per tonnePremium hard coking coal, cfr Jingtang: $169.52 per tonne, up $0.74 per tonneHard coking coal, fob DBCT: $92.68 per tonne, down $0.29 per tonneHard coking coal, cfr Jin...Read More
China's iron ore imports in November decreased by 8% from October, data from the General Administration of Customs of China shows.China's November iron ore imports reached 98.15 million tonnes, down by 8% month on month from October but still up by 8.3% year on year. Over January-November of this year, China's imports of iron ore totalled 967.45 million tonnes, up by 10.9% year...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 11 points in pre-opening trade.QUALCOMM added $0.78 to $158.40 after JP Morgan raised its target price from $160 to $158.40.Hershey gained $1.84 to $152.71 after JP Morgan increased its target price from $142 to $160.Boeing (BA $232.71) is expected to open higher after UBS upgraded the stock from Neutral to Buy.McDona...Read More
China's domestic rebar prices increased on Monday December 7 on futures gains and returning end-user demand but stockists' demand remained weak. DomesticEastern China (Shanghai): 4,000-4,040 yuan ($612-618) per tonne, up by 30-40 yuan per tonneThe most-traded rebar futures contract changed to May from January on Monday and rose sharply amid active trading.The trading volume was 10.93 million tonne...Read More
Base metals prices were mixed on the morning of Monday December 7 on the London Metal Exchange, with copper and aluminium down by more than 1% on their Friday closing prices but lead and tin eking out gains. The three-month aluminium price was the biggest faller, down by 1.4% at $2,014.50 per tonne as of 09:10 London time from the pre-weekend close of $2,044 per tonne. It has given up all of the p...Read More
The cobalt alloy grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Read More
The cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Read More
The latest data for the global manganese ore market for the week ended December 7, 2020.This article was updated...Read More
The global economy looks stronger again - Chinese exports were up by 21.1% in November year on year - but the base metals were mixed on Monday December 7, having been exceptionally strong recently , so perhaps the market realizes a lot of the good news is baked in already.Chinese trade balance climbed to $75.4 billion in November from $58.4 billion in October Japan's leading indicators climbed to...Read More
Key data from the Friday December 4 pricing session in Shanghai.Key drivers Chinese manganese flake exporters raised offer prices amid higher domestic prices with deals reported within the assessed price range. Domestic producers put prices up to around 10,900 yuan ($1,663) per tonne from 10,700...Read More