CME Group, the Chicago-based derivatives exchange, plans to launch an aluminum contract that will compete with the London Metal Exchange's product. CME, the world's largest futures exchange, is responding to a "key need to execute with ...
Tags: steel, Construction
Bitumen futures on China's Shanghai Futures Exchange opened up more than 3 percent on their trading debut Wednesday in brisk volumes, reflecting strong investor interest as the bourse lays the ground for the launch of a crude futures ...
Tags: Bitumen futures, Futures Exchange
Among other inconveniences, Washington's shutdown could make it harder to keep track of what is going on in a place just over 1,000 miles away from it: Cushing, Okla. Cushing, where several major pipelines meet, is where oil futures are ...
Tags: Oil Prices, Mineral
Equity research firm Cowen and Company reduced its Century Aluminum price target to $10 from $13 due to changes in the aluminum futures curve, the company said in a statement Tuesday. The company also said it assumed Q4 2013 and fiscal year ...
Tags: Aluminum Price, Cowen
The national average retail price of regular gasoline fell 5.8 cents to $3.367 a gallon in the week ended Monday, the Energy Information Administration said. Prices were at their lowest level since Jan. 28 for a second straight week. ...
Tags: Gasoline Price, Gasoline
Last week saw U.S. stock indexes climb to near record highs and the U.S. dollar fell to its largest decline in 5 weeks following the release of minutes from the Federal Reserve along with comments from Fed Chairman Ben Bernanke that ...
Oil futures traded sharply lower during Monday’s Asian session after a critical economic data point out of China surprised to the downside. On the New York Mercantile Exchange, light, sweet crude futures for November delivery slid ...
Tags: Oil Futures, Mineral
China Securities Regulatory Commission (CSRC), the country's top securities regulator, announced that it has endorsed the Dalian Commodity Exchange (DCE) to carry out egg futures trading. Futures trading will help stabilize egg prices by ...
Tags: Construction
NIKE, Inc. reported financial results for its fiscal 2014 first quarter ended August 31, 2013. Strong demand for NIKE, Inc. brands propelled revenue growth, and diluted earnings per share grew faster than revenue due to gross margin ...
NY futures edged up slightly this week, as December gained 75 points to close at 85.47 cents, while March advanced 72 points to close at 85.18 cents. After a string of dull, low volume sessions, the market finally showed some signs of ...
The April switch in the NYMEX basis for distillates to ULSD from heating oil has led to decreased volatility in the Gulf Coast ULSD differential, the most liquid product Platts assesses in the Americas. The specification for the NYMEX ...
Tags: Metallurgy, Mineral, Energy
ICE Cotton futures traded unchanged on last week, with the main Z3 contract settling at 84.52 c/lbs. Physical supplies for delivery to mills through 2013 year-end are looking increasingly tight, as spot supplies of Australian, West African ...
Tags: ICE Cotton, Textile
U.S. oil prices declined Friday, continuing to pull back from a mid-week rally sparked by the Federal Reserve's surprise decision to continue its easy money policies, while concerns over Middle East supply disruptions continued to fade ...
Tags: Oil, Metallurgy, Mineral, Energy
The slide in LPG prices over the past four days on abundant supply and an Asian demand pause has sent physical values to six-week lows and flipped the paper market to the steepest contango structure since early July 2012, market sources ...
Tags: Metallurgy, Mineral, Energy
The Asian naphtha market may firm going into the last two months of this year on curtailed arbitrage flows which will likely tighten supply balances and year-end demand mopping up excess naphtha supply from the higher arbitrage arrivals in ...
Tags: Chemicals, Metallurgy, Mineral, Energy