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

China's domestic prices for rebar held steady for a second day on Tuesday October 22 despite gains in the futures market, with participants taking a wait-and-see approach before deciding whether to engage in arbitrage trading.Eastern China (Shanghai): 3,580-3,610 yuan ($505-510) per tonne, unchangedNorthern China (Beijing): 3,550-3,590 yuan per tonne, unchangedRebar futures went from a low of 3,28...Read More

Chinese production continued to shrink in September Production of primary aluminium in China continued to decline on a year-on-year basis in September. Total output dipped by 1.6% year-on-year to 2.90 million tonnes last month, according to the latest data from China’s NBS. This follows year-on-year declines of 0.3% in August and 2% in July of 2019. Still, total output for the first nine mont...Read More

Chinese mills lowered export offers for hot-rolled coil on Tuesday October 22 despite a stable domestic market amid pressure from cheaper products offered by suppliers in other regions.DomesticEastern China (Shanghai): 3,500-3,510 yuan ($495-496) per tonne, unchangedNorthern China (Tangshan): 3,480 yuan per tonne, unchangedTrading was moderate during the day maid steady demand, which kept spot pri...Read More

Aluminium The LME three-month aluminium price remained in low ground on Tuesday October 22, after being turned back by resistance at $1,745 per tonne, an area of previous support. Momentum indicators lack clear direction. The 20 DMA continues to trend lower, but the stochastics are converging in mid-ground. The RSI has also rolled lower and currently stands at 43. Further support is seen ahea...Read More

Copper boosted by dollar weakness In the current environment, copper prices are driven more by macro flows than fundamental flows. In this regard, last week, the LME copper price came under pressure most of the week despite rising supply disruption risks, including at Las Bambas, before rebounding strongly on Friday. That rebound was caused by an abrupt depreciation in the dollar following an agre...Read More

LME lead prices up 25% since May low, but SHFE prices up only 8% Chinese auto sales were down 5.2% in September and were down 10.3% in the first nine months of the year, and Friday’s release of GDP data showed growth dropping to 6% in Q3, from 6.2% in Q2. This was the lowest growth since 1992. These are reasons enough to explain why lead prices are underperforming in China compared with the r...Read More

The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, plate, sheet and other flat steel products. Latest transaction: hot-rolled coilHot-rolled coilEast China, domestic, commercial-grade...Read More

Indonesia leading global mine supply surge... The latest data from the International Nickel Study Group (INSG) showed strong growth of 8.1% in global nickel mine output in the first eight months of 2019 compared with the same period of last year. Indonesian nickel miners continued to boost output aggressively, with 28.6% growth in the country over the reporting period. ...and will likely only acce...Read More

Prices outperform so far in October... The LME tin price has gained roughly 6% since the start of October, in contrast with a much more subdued performance for the broader LMEX (+1% over the corresponding period). This compares with a sell-off of 19% in the first three quarters of the year, when tin underperformed the LMEX. ...as supply cuts start to be priced in The emergence of fresh buying in f...Read More

The latest bids, offers and deals in the global markets for rebar, wire rod, beams and other long steel products. Latest transaction: rebar, wire rodRebar East China, domestic, grade III 16-25mm...Read More

Overhead resistance emerges LME zinc prices have remained supported over the past week by the 100-day moving average. However, for the time being at least, prices remains capped ahead of $2,500 per tonne, particularly after the latest Chinese economic data stoked concerns about weaker demand. GDP grew 6% in Q3, slowing from 6.2% in Q2, and below the 6.1% forecast. That said industrial production r...Read More

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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

U.S. equity index futures were higher this morning. S&P 500 futures were up 4 points in pre-opening trade. The Canadian Dollar slipped 0.14 to U.S.76.26 following election last night of a minority federal government. Procter & Gamble added $5.51 to $124.59 after reporting higher than consensus quarterly earnings and revenues. United Technologies gained $3.15 to $141.51 after reporting high...Read More

Seaborne iron ore prices increased on Tuesday October 22 after Vale lowered its sales expectation, while the spread between 65% and 62% Fe indices continued to widen.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $86.68 per tonne, up $1.28 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $86.33 per tonne, up $1.28 per tonne.62% Fe low-alumina fines, cfr Qingdao: $85.27 per tonne, up $1.0...Read More

A wide spread of offers emerged in the seaborne coking coal market on Tuesday October 22, though these did not translate into transactions.Fastmarkets indicesPremium hard coking coal, fob DBCT: $152.40 per tonne, up $0.63 per tonnePremium hard coking coal, cfr Jingtang: $164.70 per tonne, down $0.06 per tonneHard coking coal, fob DBCT: $129.92 per tonne, unchangedHard coking coal, cfr Jingtang: $1...Read More

Anglo American has raised the 2019 iron ore production guidance for its Minas Rio operations in Brazil while maintaining that for its Kumba operations in South Africa.The miner now expects Minas Rio to produce 20-22 million tonnes of the steelmaking raw material, compared with 19-21 million tonnes previously, it said in its third-quarter production report published on Tuesday October 22.The miner...Read More

Vale has suspended activities at its Itabiru??u tailings dam, which is located at its Itabira mining complex in the country's southeastern Minas Gerais state.The dam's temporary shutdown will have an impact of about 1.20 million tonnes of iron ore output that is limited to 2019, since the Brazilian miner's production plan has already accounted for a stoppage of the dam for most of the year, it sai...Read More

The three-month zinc price on the London Metal Exchange was higher during morning trading on Tuesday October 22, with the metal continuing its approach toward $2,500 per tonne, while lead futures were also up.Zinc's outright price on the LME was recently seen at $2,480 per tonne, while just over 2,000 lots were exchanged as at 9.15am London time. Price action in the galvanizing metal was boosted b...Read More

The London Metal Exchange has no plans to stop adding to its contract suite, with new additions expected in 2020, chief executive Matthew Chamberlain told Fastmarkets. After launching seven new cash-settled futures contracts in March 2019, the exchange will listen to market participants' requests for new hedging options."We are very keen to do more contracts in 2020, it is in the plan and in the b...Read More