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
Seaborne iron ore prices were mixed on Tuesday February 19, with the MB 65% Fe Iron Ore Index dipping slightly while the MB 62% Fe Iron Ore Index saw an uptick after a trade was heard done at a higher price.MB 62% Fe Iron Ore Index: $89.21 per tonne cfr Qingdao, up $0.89 per tonne. MB 62% Fe Pilbara Blend Fines Index: $88.61 per tonne cfr Qingdao, up $0.90 per tonne. MB 62% Fe Iron Ore Index-Low A...Read More
Trading activity in the second-tier segment of the coking coal market appears to be gaining traction following the emergence of more offers and bids.At least four cargoes of second-tier hard coking coal with laycan of February or March were offered in the market, sources said on Tuesday February 19.Two cargoes of a higher-ranked brand of hard coking coal were sold at $180 per tonne fob Australia t...Read More
Still...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.Subs...Read More
Prices adrift on the back of...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 i...Read More
BHP expects iron ore demand in 2019 to remain at levels similar to last year despite uncertainties over short-term supply, it said on Tuesday February 19."Firm pig iron production" and unexpected iron ore supply disruptions had resulted in prices for the steelmaking raw material "performing strongly" during the six months to December, the miner noted in its half-year report.The Fastmarkets MB 62%...Read More
Aluminium LME aluminium price action struggled at the...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...Read More
Copper price rebound well underpinned... The...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 is...Read More
2018 supply deficit likely to...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...Read More
Ferrous futures in China registered mild movements during Asian morning trading on Tuesday February 19, ending the session slightly below their opening prices amid a cloudy outlook due to supply disruptions upstream.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,673 yuan ($543) per tonne, down 12 yuan per tonne May hot-rolled coil: 3,664 yuan per tonne, down 5 yuan...Read More
Prices consolidating in the $12,000s... Intraday LME three-month...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 do...Read More
Supply dynamics: the current driver of...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
Support found at $2,600 per tonne...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...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
Click here to download Base Metals Weekly DataDISCLAIMER - IMPORTANT PLEASE READ CAREFULLY This Disclaimer is in addition to our Terms and Conditions as available on our website and shall not supersede or otherwise affect these Terms and Conditions. Prices and other information contained in this publication have been obtained by us from various sources believed to be reliable. This info...Read More
The three-month base metals prices traded on the London Metal Exchange were mixed and little changed on the morning of Tuesday February 19.Zinc led the decline with a 0.3% drop to $2,635 per tonne from $2,643.50 per tonne at Monday’s close, followed by nickel that was down by 0.2% at $12,440 per tonne from $12,465 per tonne, while aluminium was up by 0.2% at $1,858 per tonne from $1,854 per t...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 9 points in pre-opening trade. Wal-Mart added $4.45 to $104.44 after reporting higher than consensus fourth quarter sales and earnings. The company also raised its dividend by 2%.Cooper Tire gained $0.67 to $34.06 after reporting higher than consensus fourth quarter earnings. Weight Watchers dropped $1.58 after JP Mor...Read More
Aluminium's three-month price on the London Metal Exchange was little changed during morning trading on Tuesday February 19, with continued volatility in stock flows across LME-listed Malaysian warehouses doing little to jolt the metal's stagnant price action.Three-month aluminium has failed to trade above $2,000 per tonne since October 2018 and has consolidated in thin ranges around $1,850 per to...Read More
China's hot-rolled coil exporters stuck with their high prices on Tuesday February 19 amid optimism for the domestic market on an expected recovery in demand.DomesticEastern China (Shanghai): 3,750-3,780 yuan ($554-558) per tonne, up 20-30 yuan per tonneNorthern China (Tianjin): 3,710-3,720 yuan per tonne, up 10 yuan per tonnePrices continued to rebound during the day with demand in Shanghai stren...Read More
Buoyant manganese ore prices and strong demand have enabled Africa-focused Jupiter Mines to announce a 24% dividend yield on its shares in its first year of being listed on the Australian Stock Exchange (ASX).For its financial year ending February 28, 2019, Jupiter Mines will pay a dividend of A$0.025 ($0.017) per share on May 21, the company announced on Tuesday February 19, days after revea...Read More
A Chinese financial and economic crisis has been in the forecasts of many analysts for years, including my own. So far, it has not happened. Does this mean China has solved the problem of how to avoid a crisis? Or is the crisis just a matter of time, set to happen sooner than later?My view is that a crisis in China is inevitable based on China's growth model, the international financial climate an...Read More