Click the following link to watch video: Source: Thomson ReutersDescription: President Donald Trump launched his second attack in a week onAmazon on Saturday, accusing the world's biggest online retailer of gettingunfairly cheap rates from the U.S. Postal Service and not paying enough tax.Short Link: Disclaimer: The views expressed in this article are those of the author and may not reflect those...Read More
March 31 (Reuters) - Saudi Arabia's gross domestic product, adjusted forinflation, shrank from a year earlier for a fourth straight quarter in the lastquarter of 2017 because of weakness in the oil sector, though non-oil sectorgrowth also slowed, data from the Central Department of Statistics showed onSaturday.A price-supporting agreement among global oil producers caused Saudi Arabiato reduce its...Read More
BERLIN, March 31 (Reuters) - Germany's finance ministryexpects interest rates to rise in coming years, causing newMinster Olaf Scholz to take steps to cushion additional costs tomeet budget goals, Der Spiegel weekly reported on Saturday."The financial planning up to 2022 (envisages) a necessarynormalisation of the capital market environment," Spiegel citedan internal document as saying.E...Read More
MUMBAI, March 31 (Reuters) - Vedanta Ltd , theIndian unit of diversified mining group Vedanta Resources plc , said on Saturday it had won in an auction to acquirebankrupt Electrosteel Steels Ltd . The transaction, financial details of which were notdisclosed, is part of India's new bankruptcy law, which is aimedat cutting close to $150 billion of accumulated soured loans bypushing loan defaulter f...Read More
TAIPEI, March 31 (Reuters) - Shares of Taiwan's Foxconn fell as much as 3.7 pct on Saturday morning, after itreported its fourth quarter results. ** Foxconn, known formally as Hon Hai Precision Industry Co,said net profit in the final three months of 2017 reachedT$71.66 billion, up 4.2 percent from a year ago. ** That compared with the T$60.75 billion average of eightanalyst estimates in a Thomson...Read More
Mar 31(Reuters) - Saturday's Prices in rupees per tonne at the Bombay Metal Exchange: Saturday's Previous Copper Wire Bars (HCL*) 416,000 418,000 Aluminium Ingot 140,000 138,000 Zinc Slab 206,000 206,000 Lead Ingot 154,000 154,000 Tin Slab 1,370,000 1,370,000 Nickel Cathode 640,000 625,000 SCRAPCopper Cable 388,00...Read More
China's domestic rebar prices increased on Friday March 30, tracking increases in the futures market.Domestic Eastern China (Shanghai): 3,550-3,600 yuan ($564-572) per tonne, up 60-90 yuan per tonneNorthern China (Beijing): 3,710-3,740 yuan per tonne, up 30-40 yuan per tonneTraders raised their prices in line with the strong gains in the futures market, while buyers with urgent needs maintained a...Read More
KUALA LUMPUR, March 31 (Reuters) - Exports of Malaysian palmoil products during March 1-31 rose 21.6 percent to 1,391,383tonnes, up from 1,144,673 tonnes shipped during Feb. 1-28,inspection company AmSpec Agri Malaysia said on Saturday.(Reporting by KL Newsroom; Editing by Tom Hogue) Messaging: emily.chow.thomsonreuters.com@reuters.net)) Disclaimer: The views expressed in this article are those of...Read More
* Growth picks up in China's manufacturing and servicessectors* Readings suggest stronger Q1 GDP growth than earlierexpected* Official factory PMI 51.1 vs poll 50.5, Feb 50.3* Services PMI rises to 54.6 vs Feb 54.4* Steelmakers crank up output but inventories building up (Adds quotes, details)By Stella Qiu and Ben BlanchardBEIJING, March 31 (Reuters) - Growth in China'smanufacturing sector picked...Read More
An overview of China's minor metals markets in the week of March 26-30 and the reasons for any price moves.Read More
(Adds details)* Growth picks up in China's manufacturing and servicessectors* Official factory PMI 51.1 vs poll 50.5, Feb 50.3* Services PMI rises to 54.6 vs Feb 54.4* Steelmakers crank up output but inventories building upBEIJING, March 31 (Reuters) - Growth in China'smanufacturing sector picked up more than expected in March asauthorities lifted winter industrial pollution restrictions andsteel...Read More
China's hot-rolled coil prices rose steadily on Friday March 30 after futures soared during the day.DomesticEastern China (Shanghai): 3,820-3,840 yuan ($607-610) per tonne, up 40 yuan per tonneNorthern China (Tianjin): 3,790-3,810 yuan per tonne, up 50 yuan per tonneSpot prices jumped in both eastern and northern regions after the paper market strengthened throughout the day, according to market p...Read More
Deliverable lead stocks at Shanghai Futures Exchange-bonded warehouses decreased by 3,302 tonnes or 12.5% in the week ended Friday March 30. Inventories of the other base metals, with the exception of aluminium, were similarly lower. The fall in lead stocks follows a 7,517-tonne or 22.2% decline to 26,343 tonnes last week. This week, Zhongchu Wuxi in Jiangsu saw the most lead leaving its sheds wit...Read More
Good morning from Metal Bulletin's office in Shanghai as we bring you the latest news and pricing stories on Friday March 30.Aluminium prices on the Shanghai Futures Exchange were weaker during Asian morning trading on Friday, tracking the decline seen on the London Metal Exchange on Thursday.The most-traded May aluminium contract declined to 13,705 yuan ($2,178) per tonne as of 10.16am Shanghai t...Read More
China's hot-rolled coil prices rose steadily on Friday March 30 after futures soared during the day.DomesticEastern China (Shanghai): 3,820-3,840 yuan ($607-610) per tonne, up 40 yuan per tonneNorthern China (Tianjin): 3,790-3,810 yuan per tonne, up 50 yuan per tonneSpot prices jumped in both eastern and northern regions after the paper market strengthened throughout the day, according to market p...Read More
Deliverable lead stocks at Shanghai Futures Exchange-bonded warehouses decreased by 3,302 tonnes or 12.5% in the week ended Friday March 30. Inventories of the other base metals, with the exception of aluminium, were similarly lower. The fall in lead stocks follows a 7,517-tonne or 22.2% decline to 26,343 tonnes last week. This week, Zhongchu Wuxi in Jiangsu saw the most lead leaving its sheds wit...Read More
Ferrous futures in China continued their recent run of strength during the morning trading session on Friday March 30, with only iron ore weakening slightly.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,324 yuan ($528) per tonne, up 34 yuan per tonne May hot-rolled coil: 3,644 yuan per tonne, up 5 yuan per tonneDalian Commodity Exchange May iron ore: 436 yuan...Read More
The seaborne iron ore concentrate market saw limited activity in the week ended Thursday March 29, with some sellers offering lower premiums to entice business.The weekly Metal Bulletin 66% Fe Iron Ore Concentrate Index was at $86.64 per tonne cfr China on Thursday, down by $1.55 per tonne or 1.8% from a week earlier. The daily Metal Bulletin 65% Fe Iron Ore Index averaged $80.68 per tonne cfr Chi...Read More
Ferrous futures in China continued their recent run of strength during the morning trading session on Friday March 30, with only iron ore weakening slightly.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,324 yuan ($528) per tonne, up 34 yuan per tonne May hot-rolled coil: 3,644 yuan per tonne, up 5 yuan per tonneDalian Commodity Exchange May iron ore: 436 yuan...Read More
Good morning from Metal Bulletin's office in Shanghai as we bring you the latest news and pricing stories on Friday March 30.Aluminium prices on the Shanghai Futures Exchange were weaker during Asian morning trading on Friday, tracking the decline seen on the London Metal Exchange on Thursday.The most-traded May aluminium contract declined to 13,705 yuan ($2,178) per tonne as of 10.16am Shanghai t...Read More