Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
The latest news and price moves to start the Asian day on Wednesday December 12.Base metal prices rose on the London Metal Exchange by the close on Tuesday December 11, with copper surging after market sentiment was boosted by positive news of easing tensions between China and the United States. Read more in our live futures report.Here are how prices looked at the close of trading:Saudi Arabia ha...Read More
Long drawn-out downward trend flattens...ACCESS 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 latest issue as...Read More
Brazilian foreign trade chamber Camex has extended a suspension of anti-dumping duties on imports of hot-rolled coil from China and Russia.The existing duties will remain suspended until January 19, 2020, a decision published in the country's official gazette on Monday December 10 stated. The suspension was previously set to expire on January 19, 2019.The...Read More
We do not agree that future battery nickel...ACCESS 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 latest issu...Read More
Tin rebounds... The LME three-month tin...ACCESS 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 latest issue a...Read More
Price resistance remains around $2,600 per...ACCESS 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 latest issu...Read More
ACCESS 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 latest issue as soon as it’s published.SubscribeRead More
Brazilian imports of flat steel products dropped year on year in November, while long steel shipments increased in the same period, according to figures from the country's foreign trade ministry, MDIC. Imports of flat steel fell by 8.78% year on year in November to 93,615 tonnes, compared with 102,626 tonnes in the corresponding month of 2017. China was the largest provider of flat steel to Brazil...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 were for the most part firmer this morning, Tuesday December 11, with average gains of 0.2%. This after they again tested support levels on Monday, when support held to varying degrees.Copper led on the upside this morning with a 0.6% gain to $6,133 per tonne, while aluminium dipped 0.1% to $1,945 per tonne. Volume across the complex has...Read More
Import prices for rebar and billet in the United Arab Emirates (UAE) went down this week due to the weak demand caused by high stocks levels, sources told Fastmarkets on Tuesday December 11.Domestic rebarThe country's largest producer, Emirates Steel, was still offering rebar at 2,016 dirhams ($549) per tonne ex-works for December production, while Conares Steel was offering rebar at 1,990 dirhams...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 29 points in pre-opening trade.Index futures moved slightly higher following release of the November Producer Price Index at 8:30 AM EST. Consensus was an increase of 0.1% versus a decline of 0.6% in October. Actual was an increase of 0.1%. Excluding food and energy, consensus for the November Producer Price Index was...Read More
The European Commission's safeguard import quotas for steel products must be improved and made permanent if the European steel industry is to remain competitive, ArcelorMittal Europe chief executive officer Aditya Mittal said on Tuesday December 11.The EC's import quotas were introduced to combat the expected influx of metal following the imposition of section 232 import tariffs on steel and alumi...Read More
China's largest steel mill, Hebei Steel, has cut its monthly purchase price for silico-manganese, reversing the rise seen in last month's tender. The mill has offered to buy silico-manganese at 8,950 yuan ($1,296.81) per tonne for December delivery. The price includes delivery costs and payment through an acceptance draft, according to market sources in China. The latest tender is about 150 yuan l...Read More
UG2 chrome ore suppliers are cutting offer prices to attract year-end business in China. UG2 prices drop in ChinaChinese domestic ferro-chrome prices slide, import prices steadyAlloy prices unchanged in Japan, South KoreaAlloy prices tick up in EuropeAlloy prices flat in the US UG2 chrome ore prices continued to soften in China in the week ended Friday December 7 due to suppliers cutting offer pri...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Tuesday December 11.Base metals prices on the Shanghai Futures Exchange were largely up during Asian morning trading on Tuesday, with positive trade headlines sparking a bout of short covering across the complex. Check Fastmarkets MB's live futures report here.The Chinese ferro-silicon market...Read More
The Chinese ferro-silicon market climbed further on renewed demand in the week ended Friday December 7, while European prices have been hemmed in while suppliers and consumers negotiate long-term delivery settlements. China market gets boost from demand Tight supply underpins market strength European prices stabilize losses US ferro-silicon prices flat amid inactivityThe recent increase in domesti...Read More
Steel mills in China have lowered their bids for alloys, while ores resisted some downward pressure and some buyers secured deals at lower prices in the week ending Friday December 7. Lower and higher grade ore prices rangebound in cif marketLow grade fob index increases on falling freight rateAlloy price in China fallsFerro-manganese into Europe soarsUS alloys unmoved in quiet spot market The Chi...Read More
It's that time of year for a lot of people where your wallet and your "wants" aren't on the same page.It’s no secret that the average American isn’t good with money. As The Motley Fool reports, almost 70% of Americans don’t have even $1,000 in the bank. And “almost half of Americans claim that to cover a $400 emergency, they’d need to borrow the money or sell somethin...Read More
The European ammonium paratungstate (APT) price range narrowed downward at the end of last week and the black concentrate price in China fell slightly. APT fob price in China rose due to lack of supply ; APT price in Europe fell on low buying appetite Black concentrates price softened Ferro-tungsten price higher in Europe but Chinese prices unchangedFastmarkets MB assessed the fob China APT price,...Read More