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Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Tuesday August 14.Base metals prices on the Shanghai Futures Exchange succumbed to pressure from a volatile currency market during morning trading on Tuesday, with the fall of the Turkish lira against the US dollar negatively affecting market sentiment.Check Metal Bulletin's live futures repor...Read More
Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
Three-month base metals prices on the London Metal Exchange consolidated higher from recent lows on the morning of Tuesday August 14 as relative calmness swept through the market after the Turkish Lira stabilized at 6.8700 against the dollar earlier today. But disappointing Chinese data out this morning has limited any gains across the base metals complex amid rising concerns over the health of th...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points in pre-opening trade.Home Depot gained $4.86 to $194.14 after reporting higher than consensus second quarter sales and earnings. MasterCard (MA $202.31) is expected to open higher after JP Morgan raised its target price on the stock to $246 from $210. PayPal (PYPL $87.01) is expected to open higher after JP Mo...Read More
US ferrous scrap exports rose by 27.9% year on year in the first half of 2018, with 8,587,043 tonnes shipped overseas from January through June, according to US Census Bureau data. ...Read More
Swedish state-owned iron ore producer LKAB has restarted pellet deliveries after a fire on the railway line connecting its Kiruna mine in northern Sweden to the Norwegian port of Narvik forced deliveries to be suspended, a company spokesman told Metal Bulletin on Tuesday August 14....Read More
Physical iron ore prices slipped on Tuesday August 14 after retreats in the paper markets....Read More
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
The seaborne coking coal market saw another blip on Tuesday August 14, with another transaction being concluded at a price that exceeded most expectations....Read More
China's ferrous futures were subdued during morning trading on Tuesday August 14 after strong gains a day earlier, following the release of the latest data from the National Bureau of Statistics (NBS)....Read More
Comex copper prices once again traded in negative territory on August 14 morning in the US, with fears over the trade war and ongoing issues in Turkey weighing on the red metal....Read More
Warehouse queues emerged at London Metal Exchange-listed sheds in July after a surge in cancellations last month, especially in the exchange's aluminium inventory, according to LME data. Queues have appeared at C Steinweg's warehouses in Port Klang, Malaysia, with wait times of 27 days for copper, lead, aluminium and zinc compared with none in June. Cancellations surged by almost 700% in July to 2...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday August 14*...Read More
Base metals prices on the London Metal Exchange were broadly lower during morning trading on Tuesday August 14, pressured by weaker-than-expected economic data from China and heightened volatility across currency markets. ...Read More
Nevsun Resources has rejected another hostile bid from the Lundin Mining Corporation, it announced on August 9....Read More
Three-month base metals prices on the London Metal Exchange consolidated higher from recent lows on the morning of Tuesday August 14 as relative calmness swept through the market to support a return of risk-on sentiment after the Turkish Lira stabilized at 6.8700 against the dollar earlier today.But disappointing Chinese data out this morning has limited any gains across the base metals complex am...Read More
Gold, as well as silver, began to sell off slightly at the start of trading yesterday on Monday morning in Australia. However, by the time trading had opened in Hong Kong and moved into London, the selling became more pronounced as the price declined at a steeper pace. By 3:00 PM Eastern standard time, gold futures had sold off to the lowest price this year as gold broke and traded below $1,200 pe...Read More
NEW YORK (Reuters) - Americans were less upbeat about Wall Street even as the U.S. unemployment rate hovered near an 18-year low and the economy recorded its fastest growth pace in four years in the second quarter, a New York Federal Reserve survey released on Monday showed.The regional Fed’s barometer on consumers’ perceived chances of U.S. stock prices increasing in 12 months fell to...Read More
(Kitco News) - Platinum plunged on Monday, falling 3% on the day and hitting the lowest level in ten years.The metal’s spot price on Kitco.com was last seen trading at $805 an ounce, down 3% on the day, as of 3:00 pm EST.The base metal has been falling steadily in 2018, down nearly 20% from $1,000 an ounce in January, amid supply surplus and fears that a global trade war would dampen deman...Read More