East Asian stainless steel prices little changed in quiet market
(MB) Import prices for stainless steel in East Asia inched up over the past week, with the upward momentum in regional prices subsiding on soft demand, sluggish spot trading and the stable nickel market. Fastmarkets MB’s weekly import price assessment for 304 stainless 2mm trimmed cold-rolled coil (CRC) in East Asia was $1,990-2,090 per tonne […]
Shanghai premium sinks after LME spreads swing to wide backwardation; European, US markets unchanged
(MB) The premium for grade A copper cathode on a cif Shanghai basis fell to an almost 18-month low on Tuesday February 19 after London Metal Exchange forward price spreads for copper swung into the widest backwardation in almost four years. The LME’s cash/three-month copper price spread moved to a steep backwardation of around $58 […]
US-China trade hopes extend equity surge; central banks supportive
LONDON, Feb 20 (Reuters) – World stocks hit a four-month high on Wednesday on hopes of progress in trade talks between the United States and China, with a dovish backdrop at major central banks also helping push markets back into the black. U.S. President Donald Trump said negotiations with China were going well and suggested […]
Iran copper cathode output in 10 months up by 61pct
Tehran Times reported that production of copper cathode in Iran rose 61 percent during the first ten months of the current Iranian calendar year (March 21, 2018 – January 20, 2019) compared to the same period of time in the past year. As reported, over 200,000 tonnes of the product have been produced in the […]
Devisen: Euro hält die Gewinne
NEW YORK (dpa-AFX) – Der Eurokurs hat sich am Dienstag im späten US-Devisenhandel fest gezeigt. Zuletzt notierte die Gemeinschaftswährung mit 1,1336 US-Dollar. Nachdem der Eurokurs zunächst bis auf 1,1276 US-Dollar gefallen war, stieg er anschließend wieder und erreichte mit 1,1357 zwischenzeitlich sogar den höchsten Stand seit fast zwei Wochen. Die Europäische Zentralbank (EZB) hatte den […]
Peru launches crackdown on illegal gold mining in Amazon
LIMA, Feb 19 (Reuters) – Peru on Tuesday launched a drive to eliminate illegal gold mining in one of the Amazon’s most biodiverse corners, sending 1,500 police and military officers to a region that has suffered rising deforestation from wildcat mining. President Martin Vizcarra’s government said it was suspending civil liberties and tasking the military […]
Copper ticks higher for 6th session on U.S.-China trade optimism
BEIJING, Feb 20 (Reuters) – London copper prices rose for a sixth consecutive session on Wednesday, striking a fresh two-month high on hopes of a trade deal between China and the United States. U.S. President Donald Trump said on Tuesday talks with China, currently taking place in Washington, were going well and suggested he was […]
Gewinnsprung bei BHP Billiton
(shareribs.com) London 19.02.2019 – Der Minenkonzern BHP Billiton hat im ersten Halbjahr des laufenden Geschäftsjahres einen deutlichen Anstieg des Nettogewinns verzeichnet. Die Dividende bleibt unverändert. BHP Billiton meldete für das erste Geschäftshalbjahr einen Umsatz von 20,742 Mrd. USD aus dem laufenden Geschäft. Der Gesamtumsatz, inklusive nicht fortgesetzter Tätigkeiten, belief sich auf 21,592 Mrd. USD, unverändert gegenüber […]
Gutes Exportgeschäft gibt Stahlschrottpreisen Auftrieb
18.02.2019 (EUWID) Es war erneut ein hart geführter Verhandlungskampf zwischen Stahlschrotthandel und Stahlwerken. Am Ende stand ein leichter Preisaufschlag im Vergleich zum Vormonat Januar. Angesichts der zwischenzeitlich deutlich gestiegenen Exportpreise hatten sich die Händler allerdings mehr erhofft. Die Nachfrage der deutschen Stahlwerke wird als verhalten beschrieben, was einerseits auf eine noch gute Bevorratung mit Schrott, […]
Palladium at record high, closes in on $1,500
Feb 19 (Reuters) – Palladium hit a record high on Tuesday, moving close to $1,500, due to a prolonged supply deficit, while gold rose to a near 10-month high driven by concerns over slowing global growth. Spot palladium, which traded as high as $1,491 per ounce, was up 1 percent at $1,472.14 at 1327 GMT. […]
