The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. ...Read More
Seaborne coking coal prices continued to descend on Wednesday July 11 with sellers making more concessions in an attempt to speed up sales. "Chinese traders would rather reduce their offers for cargoes that are already on the water because it doesn't make sense to sell them once they have landed," a Chinese trading source said. Traders previously preferred to sell their cargoes only after they had...Read More
China's steel futures rose during morning trading on Wednesday July 11 having started the day weak, while the steelmaking raw materials contracts ended the session little changed from their opening prices.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,872 yuan ($584) per tonne, up 36 yuan per tonne October hot-rolled coil: 3,944 yuan per tonne, up 36 yuan per t...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 14 points in pre-opening trade. Futures are responding to the Trump Administration's announcement that it will seek a 10% tariff in two months on Chinese goods valued at $200 billion.Futures were virtually unchanged following release of the June Producer Price Index. Consensus was an increase of 0.3% versus a gain of...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
An escalation in the United States' trade war with China, with another $200 billion of Chinese goods now potentially facing tariffs, has rattled base metals prices during early trading on Wednesday July 11. Three-month base metals prices on the London Metal Exchange were down across the board by an average of 2.8%, led by a 4.1% decline in zinc. Three-month copper was down by 3.5% at $6,124 per to...Read More
Metal Bulletin has launched in collaboration with Westwood Global Energy Group (Westwood), the leading provider of research, data analytics, and consulting services to the global energy industry, its future of corrosion-resistant alloys report. For the chrome and corrosion-resistant alloy (CRA) OCTG market, the Middle East is expected to remain the largest consuming region worldwide, driven by exp...Read More
Metal Bulletin started a weekly price assessment for stainless steel hot-rolled coil (HRC) on a $ per tonne cif East Asian ports basis on Wednesday July 11, while discontinuing its East Asian price for stainless steel hot-rolled sheet.After a consultation period, Metal Bulletin has launched a weekly price for Asia grade 304 stainless steel HRC imports into East Asia to better reflect trading...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Wednesday July 11.Base metals prices on the Shanghai Futures Exchange fell sharply during Asian morning trading on Wednesday, with China-US trade tensions once again weighing on the market.Check Metal Bulletin's live futures report here.Global aluminium premiums were again under pressure from...Read More
The following Metal Bulletin UK non-ferrous scrap and foundry ingot prices changed on Wednesday July 11:Aluminium scrap Group 1 pure 99% & litho: ?1,430-1,470 per tonne from ?1,430-1,475 Commercial pure cuttings:...Read More
After an unsuccessful attempt yesterday to break above the current resistance level, gold returns to trading under pressure. Today’s market activity resulted in gold futures declining by approximately $3.20, which is a quarter percent decline. Gold futures are currently fixed at $1,256.40.Yesterday gold traded to an intraday high of just below $1,267 per ounce, which is the current resistanc...Read More
(Kitco News) - While the gold market may have less room to move on the downside, investors shouldn’t expect any significant rebound in the price until at least the end of the year, according to some analysts.The comments come as gold prices continue to struggle to find momentum, weighed down by a stronger U.S. dollar. August gold futures last traded at $1,256.30 an ounce, down 0.26% on the d...Read More
Last week gold popped from the $1,240 level as it looked like the bottoms had been put in. The rally from the lows continued through Monday, trading as high as $1,267. After peaking at 8 a.m. EDT Monday, gold managed to drift lower most of the day, losing most of its gains. This morning gold is down $11 and appears headed back to the $1,240 level and possibly lower. Unfortunately, the metals marke...Read More
Kirkland Lake Gold Ltd. (TSX, NYSE: KL; ASX: KLA) lists second-quarter gold output of 164,685 ounces, up from 160,305 ounces in the second quarter of 2017 and 147,644 ounces in the first quarter of this year. The company says the tally exceeded target levels due to record quarterly production from Macassa of 60,571 ounces and record monthly production in June at Fosterville of 31,710 ounces. The c...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
(Updates prices, headline; adds comment, second byline, NEWYORK to dateline) By Renita D. Young and Eric Onstad NEW YORK/LONDON, July 10 (Reuters) - Gold prices fell onTuesday, weighed down by a stronger U.S. dollar, and may re-testa seven-month low after a failed attempt to break higher in theprevious session. Spot gold was down 0.2 percent at $1,255.09 an ounceby 1:33 p.m. EDT (1733 GMT), after...Read More
The latest news and price moves to start the Asian day on Tuesday July 10.Base metals prices on the London Metal Exchange made a notable recovery from recent lulls at the close of trading on Monday July 9, with only zinc and lead finishing lower. Read more in our live futures report.Here are how prices looked at the close of trading:The Federation of Copper Workers in Chile has rejected copper pro...Read More
The latest news and price moves to start the Asian day on Tuesday July 10.Base metals prices on the London Metal Exchange made a notable recovery from recent lulls at the close of trading on Monday July 9, with only zinc and lead finishing lower. Read more in our live futures report.Here are how prices looked at the close of trading:The Federation of Copper Workers in Chile has rejected copper pro...Read More
Base metals prices on the London Metal Exchange were mostly down during morning trading on Tuesday July 10, led by a significant drop in zinc prices, while ongoing uncertainty around Sino-US trade relations hampers the complex.Falling more than 3% over the morning, zinc prices are trading at their lowest point since June 2017 as the metal continues to struggle against a tight fundamental backdrop....Read More
Base metals prices on the Shanghai Futures Exchange were mixed during Asian morning trading on Tuesday July 10 with most of the complex oscillating either side of unchanged, while zinc was the early session's weakest performer with a drop of 1.7%.The most-traded August zinc contract fell to 21,820 yuan ($3,295) per tonne as at 10.23am Shanghai time, a drop of 385 yuan per tonne or 1.7% from Monday...Read More