The misery of consolidation, false starts and lethargic trade. That would be the best way to describe what is going on in the gold and silverr markets. Charles Dickens could write about gold and silver as the tale of two cities, as the gold-silver ratio continues to expand. The metals bulls will tell you that prices can't go any lower but as we all know, they can. The bulls will talk about the pro...Read More
The latest news and price moves to start the Asian day on Tuesday September 25.Base metals prices on the London Metal Exchange were predominantly lower at the close of trading on Monday September 24, broadly capped by weakening investor sentiment after another round tariffs were imposed by the United States against some $200 billion worth of Chinese goods. Read more in our live futures report...Read More
The latest news and price moves to start the Asian day on Tuesday September 25.Base metals prices on the London Metal Exchange were predominantly lower at the close of trading on Monday September 24, broadly capped by weakening investor sentiment after another round tariffs were imposed by the United States against some $200 billion worth of Chinese goods. Read more in our live futures report...Read More
A summary of base metals premiums from across the globe for the week to Tuesday September 25....Read More
Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Tuesday September 25, with dollar weakness having little effect against the market impact of further tariffs between the US and China. ...Read More
Metal Bulletin has raised the minimum tonnage for the assessments of its zinc premiums for European countries to 100 tonnes from 25 tonnes. During the one-month consultation, European market participants expressed concerns of the representativeness of premiums for small parcels and suggested an increase in the minimum tonnages of the assessments. Therefore, Metal Bulletin has decided to increase t...Read More
The Chinese ferro-silicon market was steady in the week ended Friday September 21, with prices gaining support because consumers were building up stocks ahead of a national holiday....Read More
Copper trader Pascal Larouche has left Geneva-based merchant Transamine, where he was responsible for the copper trading book, sources with knowledge of the matter told Metal Bulletin this week....Read More
Alumina prices fob Australia fell for the eighth pricing session in a row on Tuesday September 25, with deals continuing to trade at lower levels. ...Read More
Luxembourg trader Nizi International has recruited Luis Dedios, formerly of Cliveden, to help diversify the company's refined-product focused portfolio into a raw materials business. ...Read More
Turkish steel mills continued their purchases of deep-sea scrap on Tuesday September 25 with prices remaining largely stable....Read More
Comex copper prices were little changed Tuesday September 25 morning in the US, with market participants awaiting further clarity on the ongoing trade war. ...Read More
With Chinese participants returning from holiday, they have taken to selling into the recent metal price gains, with the three-month base metals prices on the London Metal Exchange for the most part weaker during morning trading on Tuesday September 25.Nickel bucked the general weakness with a 0.3% gain and tin was untraded, while the rest of the LME base metals were down by an average of 0.6%. Co...Read More
Flat steel import prices in the United Arab Emirates and Saudi Arabia have fallen over the past week, with demand being weak because of reduced end-user buying and the expectation that prices may fall further, sources told Metal Bulletin on Tuesday September 25....Read More
China's hot-rolled coil prices dropped slightly on Tuesday September 25, the first day after the three-day Mid-Autumn Festival holiday, amid sparse trading....Read More
China's ferrous futures were mostly down during morning trading on Tuesday September 25, with the steel, iron ore and coke contracts falling while coking coal contracts rose....Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. ...Read More
Prices for rebar and billet in the United Arab Emirates went down in the week ended Tuesday September 25, while demand continued to be limited, sources told Metal Bulletin....Read More
Shanxi province-based Jianbang Group is to build a 600,000 tonne-per-year (tpy) rebar mill by the end of 2019, with capability to double its output at a later stage....Read More
Turkish steel mills continued their purchases of deep-sea scrap on Tuesday September 25 with prices remaining largely stable....Read More