Key data for the pricing session for the week ending Friday November 2.China Domestic ferro-chrome spot prices dropped as the influence of lower tender prices permeated into the market.UG2 chrome ore prices fell with buyers remaining cautious in expectation of lower prices in the near future.A...Read More

The latest metal markets news and price moves to start the North American day on Friday November 2. Base metals prices on the London Metal Exchange were all higher during morning trading on Friday November 2, after the largest single-day inflow in LME copper stocks since February 2004.The three-month copper price climbed more than 1.5% to more than $6,200 per tonne after around 47,700 to...Read More

Good morning from Fastmarkets MB's offices in Asia, bringing the latest news and pricing stories on Friday November 2. Base metals prices on the Shanghai Futures Exchange were largely supported by positive sentiment during Asian morning trading, after the Chinese authorities pledged preemptive and prompt actions on...Read More

The latest news and price moves to start the Asian day on Friday November 2.Comex copper prices in New York, like most base metals on the London Metal Exchange, mostly recovered on Thursday November 1, with a weaker dollar providing support to the complex. Read more in our live futures report.Here are how prices looked at the close of trading:A 10-year low in LME zinc stock volumes...Read More

Metal Bulletin reviews the major stories that have affected the steel market during the week ended November 2.Raw Materials Xcoal Energy & Resources has exported the first cargo of Baralaba low-vol pulverized coal injection from the Baralaba North mine in Queensland, Australia.BHP is counting on India and China to drive demand for steelmaking raw materials in the year ahead, and expects the struct...Read More

Fastmarkets rounds up some of the key news and price moves across the global metals markets this week.Base metalsA massive backwardation on copper forward price spreads on the London Metal Exchange has collapsed after market tightness eased thanks to delivery of 44,950 tonnes of metal into exchange-listed warehouses.Brazilian multi-metals producer Nexa Resources has maintained its production and s...Read More

If Brexit - the departure of the United Kingdom from the European Union on March 29, 2019 - isn't on your radar, it should be. With the annual London Metal Exchange Week now in full swing, the exchange, its members and their customers need to have contingency plans in place if they are expecting to be affected in any way by Brexit. And as with anything political, an element of brinkmanship will na...Read More

When the London Metal Exchange finished its 12-step warehouse reform package, it proved once more that you cannot please all of the people all of the time. It faced some inevitable criticism of the rules, in particular that the LME went too far in certain areas and should consider tweaking or rolling back some of its reforms. In particular, the focus of attention was on the load-in, load-out (LILO...Read More

For one week, Shanghai, China's economic center, will become the center of the global copper industry - representatives from miners, consumers, banks and brokers will convene for the annual Cesco Week. The week is centred on the Cesco dinner on Thursday November 15 evening - to be attended by some 2,000 guests - but there are a host of other well-established functions. The following details the ke...Read More

Base metals prices on the London Metal Exchange were collectively higher at the close of trading on Friday November 2, ending the week stronger despite continued stock outflows and broad strength in the US dollar index.An easing of the trade tensions between the United States and China fueled the price rallies, with the three-month copper price topping the gains and reaching an intraday high of $6...Read More

Comex copper prices surged back up to a mid-October high during a volatile week that saw the red metal unable to establish a clear price direction amid competing macroeconomic factors.The copper price for December settlement on the Comex division of the New York Mercantile Exchange jumped by 8.60 cents to $2.8075 per lb. Earlier today in trading, the contract touched a high of $2.8090, the highest...Read More

By Suvashree ChoudhuryMUMBAI, Nov 2 (Reuters) - The Indian rupee was the second-best performer in Asia, rising the most in over five years on Friday, on lower global oil prices and as China and the United States expressed optimism about resolving their bruising trade war.A decline in oil prices and the rally in the currency also boosted bonds, which rose to their highest in nearly two months."Afte...Read More

China's month-on-month new electric vehicles (NEV) sales rebounded in August after month-on-month declines in June and July. The drop in sales between May and June was the first drop since September 2016, but Fastmarkets MB had expected Chinese NEV sales to dip temporarily after the June subsidy changes came into effect because consumers and NEV manufacturers would have to adjust to the new subsid...Read More

* U.S. sanctions against Iran oil exports start next week* U.S. to temporarily allow 8 importers to keep buying Iran oil* OPEC, Russia, U.S. oil supply rising, filling inventories* GRAPHIC-Top 3 crude oil production: https://tmsnrt.rs/2Rua0R8 (Adds settlement prices, CFTC data, Trump tweet)By Devika Krishna KumarNEW YORK, Nov 2 (Reuters) - Oil prices fell about 1 percent on Friday and notched a we...Read More

Nov 2 (Reuters) - Punjab National Bank (PNB) PNBK.NS reported a third straight quarterly loss on Friday, as India's second-largest state lender by assets set aside more money to account for a massive fraud.Net loss came in at 45.32 billion rupees ($622.74 million) for the three months ended Sept. 30, compared with a profit of 5.61 billion rupees a year earlier, the bank said in a statement https...Read More

Investing.com - Gold prices were higher on Friday as the U.S. dollar inched down, despite a better-than-expected jobs report.Comex gold futures for December delivery rose 0.11% to $1,237.40 a troy ounce as of 10:33 AM ET (14:33 GMT).Gold was higher due to a fall in the greenback. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, inched d...Read More

* U.S.-China trade deal hopes trigger risk rally* Emerging market shares head for best day since early 2016* Europe higher with Germany's DAX leading the charge* Hong Kong, Korean markets have best day in seven years* U.S. jobs data comes in strong* Dollar steadies, sterling builds on strongest day of the year* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Marc JonesLONDON, Nov 2 (Reu...Read More

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 on track for best week in nearly 2 years* Burberry , miners boosted by hopes of end to U.S.-China row* JPM China fund up 10 percentBy Josephine MasonLONDON, Nov 2 (Reuters) - UK shares bounced for a fourth session on Friday as mining and luxury goods stocks led a rally amid growing optimism about a Brexit deal and...Read More

* US - China trade deal hopes triggers strong risk rally* Emerging market shares head for best day since early 2016* Europe opens higher with Germany's DAX leading the charge* Hong Kong, Korean markets have best day in seven years* U.S. jobs data next key test for rising bond yields* Dollar dips, Sterling builds on strongest day of the year* Metals rally on better China sentiment* Graphic: World F...Read More

Nov 2 (Reuters) - Aluminium producer Hindalco Industries Ltd HALC.NS posted a 21.4 pct decline in Sept-quarter net profit on Friday, dragged down by rising input costs, but marginally beat estimate.Standalone profit after tax came in at 3.09 billion rupees ($42.50 million) in the second quarter, compared with 3.93 billion rupees a year earlier, Hindalco said analysts on an average had expected t...Read More