The seaborne premium hard coking coal market was quiet on Monday August 20, with Chinese buyers blaming adverse currency movements and port restrictions for their reluctance to procure imported materials. ...Read More
Trading activity in the seaborne iron ore concentrate market was robust last week, resulting in concentrates prices averaging above those for high-grade fines following previous weeks of discounts. ...Read More
The global steel and ferrous scrap markets have been turned upside down on a flurry of unexpected trade flows caused by a combination of economic jitters in Turkey, trade defences by the United States and production cuts in China....Read More
Fortescue Metals Group (FMG) has named the 60% Fe new product it plans to launch in the first half of 2019 West Pilbara fines....Read More
China's domestic rebar market rose sharply on Monday August 20 on higher rebar futures and gains in billet prices over the weekend. ...Read More
The effect of the recent crackdown on antimony smuggling at the China-Vietnam border was still being felt in Chinese and European markets last week, Metal Bulletin discovered. ...Read More
CIS export slab prices continued to fall in the week ending Monday August 20, amid unfavorable market conditions in Turkey and across Europe. ...Read More
CIS export slab prices continued to fall in the week ending Monday August 20, amid unfavorable market conditions in Turkey and across Europe. ...Read More
Make no mistake about it; this was a terrible week for those wishing to see gold prices move higher. In fact, gold prices lost almost 3% on the week - one of the most significant weekly drops in over a year. However, the last two trading days have provided an indication that gold pricing might, in fact, be finding some price support. Our technical studies have indicated that $1,178 is a critical p...Read More
(Kitco News) - I feel like I emerged from the trenches, bruised, battered but still resilient - gold and silver both took a hard fall this week. We were waiting for energy to enter the space again, but this was definitely more than anyone foresaw. Gold prices fell 2.5% this week, marking the biggest weekly fall in more than a year as prices hit 1.5-year lows. Silver also felt the pain, down 4% th...Read More
(Kitco News) - Gold had another tough week, breaching the $1,200 an ounce level and struggling to find its way back. But, analysts remain confident that the bottom is near and the yellow metal will see better days soon."It is time to bottom out as we expect limited upside in the U.S. dollar, a stabilization and some recovery in the Chinese yuan,” said ABN Amro precious metals and diamond ana...Read More
(Kitco News) - Contrary opinion in the trading business is defined as going (trading) against the popular or most widely held opinions in the marketplace. This notion of "going against the grain" of popular market opinion is difficult to undertake, especially when there is a steady drumbeat of fundamental information that seems to corroborate the popular opinion. In this case, the metals...Read More
(Kitco News) - Main Street may be more bearish than ever on the direction of gold prices in the next week, while Wall Street leans bullish, based on the weekly Kitco News gold survey.Over the years, Main Street has tended to be mostly bullish on the metal. However, retail investors have called gold to be lower in three of the last four weeks, and perhaps never by as large of a percentage as this w...Read More
The “summer doldrums” have been particularly cruel to gold bulls this year with safe haven capital continuing to rush into the U.S. dollar, as opposed to the traditional safe haven of gold. There has also been speculation that Turkey may be having to sell gold recently due to their current severe financial crisis, which would explain the acceleration in bullion’s decline this wee...Read More
(Kitco News) - Gold and silver prices are slightly lower in early U.S. trading Friday, on a quieter day in world markets. Selling interest in the metals is limited by a weaker U.S. dollar index and firmer crude oil prices so far today. December gold futures were last down $0.10 an ounce at $1,183.80. September Comex silver was last down $0.093 at $14.62 an ounce. Global stock markets were mixed ov...Read More
Gold is attracting "robust" physical buying in Asia, helping prices bounce modestly overnight, says MKS (Switzerland) S.A. As of 7:38 a.m. EDT, spot metal was $2.55 higher to $1,176.45 an ounce. "Gold saw relatively muted price action during Asian trade today, finding respite amid a weaker greenback to hold support around $1,172, with Asian physical demand continuing to remain robust," MKS says. "...Read More
The metals markets are attempting to stop the bleeding and find a bottom. It appears that the sellers are running out of steam. Although we have yet to see a reasonable rally and Thursday's small attempt at one failed, gold was able to hold above the $1,180 level. The type of action we are seeing now could be known as base or bottom building and a rally could be near. There is a lot of work to be...Read More
The latest news and price moves to start the Asian day on Friday August 17.The prices of base metals on the London Metal Exchange were higher across the board at the close of trading on Thursday August 16, with nickel prices topping broad complex gains. Read more here in our live futures report.Here is how prices looked at the close of trading:Increased cobalt demand among buyers suggest...Read More
The latest news and price moves to start the Asian day on Friday August 17.The prices of base metals on the London Metal Exchange were higher across the board at the close of trading on Thursday August 16, with nickel prices topping broad complex gains. Read more here in our live futures report.Here is how prices looked at the close of trading:Increased cobalt demand among buyers suggest...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More