The manganese ore price-trend outlook was firmly above $8 per dry metric tonne unit (dmtu) on Friday March 9, while producers reckon consumer interest will act as support, though there was a downbeat assessment among consumers. Ore producers say they are sold out through April But Chinese consumers signal otherwise Europe holds, awaits quarterly deals US markets held in rangesMajor manganese ore p...Read More
The prices for imported rebar in the United Arab Emirates and Saudi Arabia increased this week with higher offers, but demand for imports was still very low, sources told Metal Bulletin on Tuesday March 13.Demand for locally produced rebar in the UAE, however, remained strong.Domestic rebarThe major rebar producers in the UAE rolled over their prices for March and April production late in February...Read More
The European Commission is investigating whether the United Kingdom imposes enough tax on commodity derivative trades, according to the UK Treasury. The Commission issued a "letter of formal notice" in the first stage of what is known as an infraction process, which allows it to sue European Union member states if they fail to adhere to EU law. The letter sets out the Commission's initial views on...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Tuesday was a weak 68-84-138. The TSX Venture Exchange gained one point to 829 while rough diamond prices rose 0.4 per cent over the past week and are now up 3 per cent this year. It is too soon...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold gained $3.30 to $1,325.90 on Tuesday. The TSX Venture Exchange rose 1.35 points to 829.05 while the TSX Gold Index added 1.89 points to 183.85. Endeavour Mining Corp. (EDV) led Canadian gold miners higher, adding fiv...Read More
Cross-border trading, which makes up a significant portion of the volume of the futures industry, is becoming increasingly more challenged, according to Futures Industry Association (FIA) president and chief executive officer Walt Lukken.This is one of several unintended consequences of solving the global financial crisis of 2008-09 that is having a negative impact on futures markets, Lukken said,...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellA Pennsylvania jury has convicted Nevada's Louis Petrossi, 77, for fraud after he raised $1.8-million from investors and used most of the money for his own purposes. (All figures are in U.S. dollars.) Among other things, he purchased a BMW, paid for r...Read More
China is set to dominate global financial trading in the next decade, with that country finally opening up direct access to its futures markets while deepening its footprint further in the West, according to Futures Industry Association (FIA) president and chief executive officer Walt Lukken. While China's potential to play a major role in the financial markets has been long-documented, the countr...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business Reporter West Texas Intermediate crude for April delivery lost 65 cents to $60.71 on the New York Merc, while Brent for May lost 31 cents to $64.64 (all figures in this para U.S.). Western Canadian Select traded at a discount of $25.55 to WTI...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange gained 1.35 points to 829.05 Tuesday. Rana Vig has listed his first capital pool shell, Blue Bay Capital Inc. (BLUE), following a $500,000 initial public offering at 10 cents. It has yet to trade. Blue Bay sold...Read More
A summary of base metals premiums across the globe for the week to Tuesday March 13.Click on...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellSteven Fishoff, a California man charged for a serial insider trading scheme that involved two Canadian listings, has pleaded guilty. He entered the plea in an appearance before U.S. District Court Judge Michael Shipp in New Jersey on Friday, March 9....Read More
Early starts to the slew of labor negotiations due at Chilean copper mines this year could mitigate the risks to supply, Antofagasta chief executive officer Iv??n Arriagada said today.Arriagada added that he was positive of the company's own negotiations with miners at its Los Pelambres project."What we've seen, which is positive, is that many companies have advanced negotiations, which has given...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday March 13* Copper -$111.71 (-708.72 yuan) Aluminium -$446.11 (-2,830.28 yuan) Zinc -$94.05 (-596.69 yuan) Nickel -$517.84 (-3,285.41 yuan) *Metal Bulletin calculates the physical...Read More
Import volumes of steel products from China into Latin American countries dropped by 50% year-on-year in January, according to figures released by regional steel association Alacero on Tuesday March 13.Latin America imported 412,000 tonnes of steel from China during the month, compared with 822,000 tonnes a year before.Meanwhile, China's total steel exports decreased by 39% to 4.40 million tonnes...Read More
Swiss special and stainless steel producer Schmolz + Bickenbach (S+B) forecasts a rise in special steel long product demand and prices in 2018, the company said after reporting successful results for 2017.Swiss special and stainless steel producer Schmolz + Bickenbach (S+B) forecasts demand and price growth for special steel long products in 2018, the company said after reporting successful result...Read More
The latest bids, offers and deals in the global markets for steel billet, slab and bloom. ...Read More
The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transactions: HRC, CRC, HDGHot-rolled coilIndia, export, hot-rolled coil (2mm), offered at $640-650 per tonne cfr, to the UAE. China, export, hot-rolled coil (2mm), offered at $620-630...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transactions: rebarRebar Turkey, export, rebar, offered at $615-620 per tonne cfr on theoretical weight basis, to...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellA Pennsylvania jury has convicted Nevada's Louis Petrossi, 77, for fraud after he raised $1.8-million from investors and used most of the money for his own purposes. (All figures are in U.S. dollars.) Among other things, he purchased a BMW, paid for r...Read More