LME members to get no-Brexit clearing reprieve; Brexit scenario unclear
London Metal Exchange members will be permitted to clear via London even if no Brexit deal is reached, although it remains unclear whether this reprieve would also apply in the event of Brexit being agreed with a deal on March 29, 2019. European Commission vice-president Valdis Dombrovskis said in media reports on Tuesday October 30 […]
Kupfer und Nickel durchwachsen – Sorgen um China
(shareribs.com) London 30.10.2018 – Kupfer verzeichnet an der London Metal Exchange leichte Kursverluste, während es für Nickel und Aluminium etwas nach oben geht. Die Marktteilnehmer erwarten die Oktober-Indikatoren aus China, die erneut schwächer ausfallen dürften. Berichten von Bloomberg und Reuters zufolge, bereitet Washington neue Handelszölle auf chinesische Importe vor. Dieser Schritt, der die restlichen chinesischen Warenlieferungen […]
Aluminum products maker Arconic’s profit beats on strong aero parts demand
Oct 30 (Reuters) – U.S. specialty metals maker Arconic Inc reported a better-than-expected quarterly profit on Tuesday and raised its full year earnings forecast, driven by higher demand for aluminum parts used in airplanes. Shares of Arconic, which counts planemakers Boeing and Airbus as its customers, rose 2 percent to $19.60 in premarket trading. Arconic […]
Aluminium hits 14-month low on renewed U.S.-China trade tension
LONDON, Oct 30 (Reuters) – Aluminium slumped to its lowest in more than a year, with other base metals also falling on Tuesday on fresh concerns that a U.S.-China trade war was dampening global growth. Selling pressure intensified after U.S. President Donald Trump warned that he had billions of dollars of new tariffs ready to […]
Devisen: Euro kaum verändert – Chinesischer Yuan auf 10-Jahrestief
FRANKFURT (dpa-AFX) – Der Euro hat sich am Dienstag nur wenig bewegt. Am Morgen wurde die Gemeinschaftswährung bei 1,1378 US-Dollar gehandelt und damit etwa zum gleichen Kurs wie am Vorabend. Die Europäische Zentralbank (EZB) hatte den Referenzkurs zuletzt am Montagnachmittag auf 1,1381 Dollar festgesetzt. Im weiteren Handelsverlauf rechnen Marktbeobachter wieder mit mehr Bewegung im Handel […]
ASIAN MORNING BRIEF 30/10: LME base metal prices fall
Base metal prices on the London Metal Exchange were lower at the close of trading on Monday October 29, with strong consumer spending figures from the United States fueling broad strength in the US dollar index and adding downward pressure to the market. Cobalt spot market prices for both high- and low-grade material increased week on […]
Zinc concentrate TCs continue uptrend on restricted demand
Treatment charges (TCs) for spot zinc concentrates continued to rise over the past week after an open arbitrage into China and agreement on higher prices led to a flurry of deals earlier in the month. Meanwhile, spot prices for lead concentrates dropped, although the market was persistently lacking in supply. The zinc market is still […]
U.S. steel tariff fight stirs up a swarm of WTO litigation
GENEVA, (Reuters) – The United States urged European Union governments on Monday to reflect on whether it was really in their interest to go ahead with a trade dispute over U.S. metals tariffs, and said it was hopeful of settling the issue with Mexico and Canada. The U.S. tariffs attracted an unprecedented seven requests for […]
Shanghai metal prices slide on report of fresh U.S. tariffs
BEIJING, Oct 30 (Reuters) – Shanghai base metal prices fell on Tuesday after a report that the United States is planning potential tariffs on an additional $257 billion of Chinese goods. Prices have been weighed down by tit-for-tat tariffs imposed by the world’s top two economies this year amid concerns the trade row will hurt […]
Kupfer und Nickel unter Druck, Aluminium seitwärts
(shareribs.com) London 29.10.2018 – Nickel und Kupfer bewegen sich zum Wochenauftakt nach unten. Aluminium notiert ebenfalls etwas leichter, wobei die Metallpreise Unterstützung von den festeren Aktienmärkten erhalten. Während die Aktienmärkte in der vergangenen Woche wieder deutlich abrutschten, blieb Kupfer mit einem Minus von rund 0,5 Prozent relativ stabil. Dabei wird das rote Metall gestützt vom sich […]
