China industrial policies shift global aluminum scrap trade, push prices down
SP Global reported that Japan’s output of copper coil products in 2018 hit a record high of 270,129 tonne, up 0.2% from 269,497 tonne a year ago, boosted by increases in automated systems in cars. Japan Copper & Brass Association said Tuesday. According to the latest data from the Japan Automobile Manufacturers Association, Japan’s vehicle […]
Former Jiangxi Copper chairman sentenced 18 year jail term for corruption
Reuters reported that former head of Jiangxi Copper Co, one of China’s top copper producers, was sentenced to 18 years in jail and handed a 2.2 million yuan fine on Tuesday after being found guilty of bribery and corruption offences. Mr Li Yihuang, 56, took advantage of his position as chairman of state-run Jiangxi Copper […]
Gold nach Fed-Entscheid weiterhin gefragt
Washington (GodmodeTrader.de) – Gold legt am Donnerstag im Umfeld eines auf breiter Basis nachgebenden US-Dollars zu und notierte bislang bei 1.322,04 US-Dollar je Feinunze in Hoch. Das gestrige frische Achtmonatshoch bei 1.323,42 US-Dollar pro Unze konnte damit jedoch noch nicht verbessert werden. Die Federal Reserve Bank (Fed) hat am Mittwochabend ihren Leitzins unverändert in einer […]
Base metals rise on dovish Fed; zinc hits 3-month high
BEIJING, Jan 31 (Reuters) – Most base metals rose on Thursday after the U.S. Federal Reserve said it would be patient with interest rate hikes, although a second straight monthly contraction in manufacturing activity in top metals consumer China capped gains. Lower interest rates tend to push commodity prices higher because they mean lower inventory […]
China’s domestic stainless steel prices flat amid inactivity
(MB) China’s domestic stainless steel prices held steady for a fifth week amid thin trading ahead of the Chinese New Year.Fastmarkets MB’s domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,200-14,800 yuan ($2,113-2,203) per tonne including value-added tax for the week ended Wednesday January 30, unchanged from […]
China’s domestic stainless steel prices flat amid inactivity
China’s domestic stainless steel prices held steady for a fifth week amid thin trading ahead of the Chinese New Year. Fastmarkets MB’s domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,200-14,800 yuan ($2,113-2,203) per tonne including value-added tax for the week ended Wednesday January 30, unchanged from […]
Devisen: Euro weiter bei 1,15 US-Dollar
FRANKFURT (dpa-AFX) – Der Euro hat am Donnerstag seine deutlichen Vortagesgewinne halten können. Am Morgen kostete die Gemeinschaftswährung knapp 1,15 Dollar und damit in etwa so viel wie am späten Vorabend. Die Europäische Zentralbank (EZB) hatte den Referenzkurs am Mittwochnachmittag noch deutlich niedriger auf 1,1429 Dollar festgesetzt. Am Mittwochabend hatte der Euro sprunghaft um fast […]
US-Notenbank signalisiert geldpolitischen Kurswechsel
WASHINGTON (dpa-AFX) – Die US-Notenbank Fed scheint vor einem geldpolitischen Kurswechsel zu stehen. Nach ihrer zweitägigen Zinssitzung signalisierte sie am Mittwoch eine wesentlich vorsichtigere Haltung als noch auf ihrer vorherigen Sitzung im Dezember. So sprach die Fed weder von weiteren Zinsanhebungen, noch war die Rede von einem ausgewogenen Wachstumsausblick für die weltgrößte Volkswirtschaft USA. Vielmehr […]
Fed rate pause keeps gold near 8-month highs
Jan 31 (Reuters) – Gold prices on Thursday held near eight-month highs hit in the previous session, as the dollar weakened after the U.S. Federal Reserve paused its monetary tightening cycle, putting bullion on course for its fourth straight monthly gain. Spot gold was up 0.1 percent at $1,320.65 per ounce by 0536 GMT. Prices […]
Base metals rise on dovish Fed; weak China data caps gains
BEIJING, Jan 31 (Reuters) – Most base metals rose on Thursday after the U.S. Federal Reserve said it would be patient with interest rate hikes, although a second straight monthly contraction in manufacturing activity in top metals consumer China capped gains. Lower interest rates tend to push commodity prices higher because they mean lower inventory […]
