The latest metal markets news and price moves to start the North American day on Monday November 12.Base metals on the London Metal Exchange were mixed during morning trading with nickel, zinc and lead prices pressured by a fresh 2018 high in the US dollar index, while copper and tin futures found support. Here's how base metals prices looked at 11:48am London time:For a snapshot of...Read More
The Turkish steel producers have continued to hold back from new bookings in the deep-sea markets for scrap material, while prices were largely stable, sources said on Monday November 12.After booking two cargoes from the United States late last week, Turkish mills paused their purchases and went into wait-and-see mode. The latest transaction from the US included an 80:20 mix of No1 and No2 heavy...Read More
Turkish domestic auto bundle scrap prices have increased slightly over the past week, while ship scrap prices were stable, sources said on Monday November 12.Fastmarkets' weekly price assessment for domestic auto bundle (DKP grade) ferrous scrap was TRY1,800-1,940 ($329-354) per tonne delivered, narrowing upward from last week's TRY1,750-1,940 per tonne.The reason...Read More
Physical iron ore prices weakened amid thin trading on Monday November 12 following drops in the steel market and news that BHP has resumed rail operations after last week's incident in Australia.MB 62% Fe Iron Ore Index: $76.05 per tonne cfr Qingdao, down $1.15 per tonne.MB 62% Fe Pilbara Blend Fines Index: $75.85 per tonne cfr Qingdao, down $1.15 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $...Read More
CIS export billet prices have become firmer with customers in the Middle East and North Africa gradually starting to accept higher prices, but overall demand remained rather modest, Fastmarkets heard on Monday November 12.Fastmarkets' daily CIS export billet index was $463 per tonne fob Black Sea on Monday, up by $7 per tonne week on week.Several cargoes of CIS-origin billet were heard booked in E...Read More
China's domestic rebar prices moved down on Monday November 12 following the billet market took a tumble over the weekend, which worsened sentiment.Domestic Eastern China (Shanghai): 4,420-4,460 yuan ($635-641) per tonne, down 60 yuan per tonneNorthern China (Beijing): 4,300-4,450 yuan per tonne, down 50 yuan per tonneThe price of billet in Tangshan plunged 160 yuan per tonne over the weekend - it...Read More
Gold fell to its lowest level in a month on Monday as the U.S. dollar rose to levels not seen for 16-monthsContinue...Read More
CIS export billet prices have become firmer with customers in the Middle East and North Africa gradually starting to accept higher prices, but overall demand remained rather modest, Fastmarkets heard on Monday November 12.Fastmarkets' daily CIS export billet index was $463 per tonne fob Black Sea on Monday, up by $7 per tonne week on week.Several cargoes of CIS-origin billet were heard booked in E...Read More
Lead`s three-month price dropped almost 2% during the London Metal Exchange closing trade session on Monday November 12, followed by a 1% drop in the three-month zinc price. Lead`s three-month price dropped almost 2% during the London Metal Exchange closing trade session on Monday November 12, followed by a 1% drop in the three-month zinc price. Lead futures closed at $1,929 per tonne, down 4...Read More
Nyrstar's share price plummeted by more than 57% overnight in one of the biggest one-day declines on record for the global multi-metals company, while a broad restructuring of its debt remains one of the most likely options for it to pursue, according to equity analysts at ABN AMRO Group.Both Nyrstar's equity and bonds hit an all-time low of ?,?0.52 per share over the afternoon on Monday November...Read More
The Turkish steel producers have continued to hold back from new bookings in the deep-sea markets for scrap material, while prices were largely stable, sources said on Monday November 12.After booking two cargoes from the United States late last week, Turkish mills paused their purchases and went into wait-and-see mode. The latest transaction from the US included an 80:20 mix of No1 and No2 heavy...Read More
The latest news and price moves to start the Asian day on Tuesday November 13.The three-month lead price dropped almost 2% during the London Metal Exchange closing trade session on Monday November 12. Read more in our live futures report.Here are how prices looked at the close of trading:Sluggish demand could lead to softer spot copper premiums in China next year, Arc Resources general m...Read More
The latest metal markets news and price moves to start the North American day on Monday November 12.Base metals on the London Metal Exchange were mixed during morning trading with nickel, zinc and lead prices pressured by a fresh 2018 high in the US dollar index, while copper and tin futures found support. Here's how base metals prices looked at 11:48am London time:For a snapshot of...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Monday November 12.Base metals prices on the Shanghai Futures Exchange were broadly down during Asian morning trading on Monday, dragged down by a strong dollar and negative sentiment surrounding the ongoing trade spat between the United States and China. Only zinc managed to buck the downward...Read More
Investing.com - Gold prices were little changed on Monday as the dollar traded near 16-month highs and traders awaited U.S. inflation data due later this week.Meanwhile, Federal Reserve Chairman Jerome Powell’s speech on Wednesday would also be closely watched as he discusses national and global economic issues.The Fed indicated earlier this month that it is still on course to hike interest...Read More
Lead`s three-month price dropped almost 2% during the London Metal Exchange closing trade session on Monday November 12, followed by a 1% drop in the three-month zinc price. Lead`s three-month price dropped almost 2% during the London Metal Exchange closing trade session on Monday November 12, followed by a 1% drop in the three-month zinc price. Lead futures closed at $1,929 per tonne, down 4...Read More
Nyrstar's share price plummeted by more than 57% overnight in one of the biggest one-day declines on record for the global multi-metals company, while a broad restructuring of its debt remains one of the most likely options for it to pursue, according to equity analysts at ABN AMRO Group.Both Nyrstar's equity and bonds hit an all-time low of ?,?0.52 per share over the afternoon on Monday November...Read More
The Comex copper price continued its downward trend on Monday morning in the United States amid a stronger dollar and a lack of fresh news.The copper price for December settlement on the Comex division of the New York Mercantile Exchange dipped 0.45 cents to $2.68 per lb."We continue to expect a notable rebound in...Read More
* Saudi Arabia says sees need for 1 mln bpd cut in output* Trump hopes OPEC won't cut output, says prices should be lower* OPEC producers mull supply reductions for 2019* OPEC reacts to 20 pct price fall since early October* U.S. oil output, storage & drilling: https://tmsnrt.rs/2DhQOCB (Updates with settlement prices, recasts first paragraph, adds post-settlement trading)By Jessica Resnick-Au...Read More
MUMBAI, Nov 12 (Reuters) - India's core consumer inflation was at around 6.1 percent in October, compared with around 5.8 percent in September, three analysts estimated from the inflation numbers released on Monday.India's retail inflation rate eased to 3.31 percent in October from a year earlier, government data showed, helped by a fall in food prices.Analysts polled by Reuters had forecast Octob...Read More