Sentiment...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published....Read More
Increase in Chinese imports in Nov...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soo...Read More
The three-month nickel price on the London Metal Exchange fell during morning trading on Tuesday December 10, softening by more than 3% against a fresh inflow of 14,742 tonnes across LME-registered warehouses in Asia and Europe. Nickel's outright price on the LME was recently seen at $12,930 per tonne, a decline of more than $400 per tonne from Monday's closing price of $13,340 per tonne. Tur...Read More
China's domestic rebar prices moved up further on Tuesday December 10 on early gains in the futures market, though sentiment among participants remained bearish. Eastern China (Shanghai): 3,910-3,940 yuan ($555-560) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,650-3,690 yuan per tonne, up 10 yuan per tonneSellers kept raising their prices after rebar futures climbed steadily in the m...Read More
Aluminium LME three-month aluminium ran into a short-covering...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus...Read More
Base metal markets have become more mixed this week with copper and tin running higher, zinc, lead and nickel consolidating just above low ground and aluminium oscillating sideways.Broader markets that have been seeing more risk-on are now consolidating while they wait for some key political decisions on the United Kingdom's general election, and its ramifications for Brexit, and on the United Sta...Read More
Copper breaks above $6,000 per tonne......ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue a...Read More
Low prices see scrap availability...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon...Read More
With the exception of those for zinc and lead that were marginally down, base metals prices on the Shanghai Futures Exchange were stronger during the morning trading session on Tuesday December 10.The broadly positive performance comes after another round of better-than-expected data releases on Monday continued to point to a stabilization in the global economy, which in turn boosted risk sentimen...Read More
Vale exiting VNC again? Vale’s investor day in...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the la...Read More
Prices playing catch-up LME...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it...Read More
South African state power utility Eskom was forced to implement stage 6 load shedding for the first time ever on Monday December 9 amid a severe lack of generating capacity.Eskom implements load shedding - controlled power blackouts - to reduce pressure on the country's power grid when power is severely constrained.Eskom had previously outlined plans for stage 5 and 6 load shedding but, prior to M...Read More
At risk of testing fresh lows ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it...Read More
ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More
U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points in pre-opening trade.Starbucks (SBUX $86.28) is expected to open higher after RBC Capital initiated coverage on the stock with an Outperform rating. Target is $97.McDonalds (MCD $194.68) is expected to open higher after RBC Capital initiated coverage with an Outperform rating. Target is $218.Darden Restaurant...Read More
Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
Reversing a recent re-commitment to its New Caledonian operations, Brazilian miner Vale told investors it would "exit VNC (Vale New Caledonia)", but some analysts wonder if or how Vale will extricate itself from the long-troubled South Pacific island venture.Vale did not specify at its annual investor briefing how it would exit the nickel and cobalt mine. "By the first half of 2020, we will tell y...Read More
Base metal markets have become more mixed this week with copper and tin running higher, zinc, lead and nickel consolidating just above low ground and aluminium oscillating sideways.Broader markets that have been seeing more risk-on are now consolidating while they wait for some key political decisions on the United Kingdom’s general election, and its ramifications for Brexit, and on the Unite...Read More
Mogale Alloys has issued a Section 189 notice - a South African legal requirement representing an intention to retrench staff - amid low chrome ore and ferro-chrome prices. Ilitha Mining, another subsidiary of Afarak, has also issued a Section 189 notice, the company said. Helsinki and London-listed mining and metallurgical group Afarak said on Monday December 9 it has been forced to scale down op...Read More
Today we hazard a thumping prediction:The next round of quantitative easing - official, actual quantitative easing - is fast approaching.Yes... the Federal Reserve will soon be clearing for emergency action.When precisely can you expect it? And why the urgency?Answers shortly. Let us first squint in on Wall Street...The Bears Win on PointsThe Dow Jones took a 28-point flesh wound today. The S&...Read More