Although this week’s trading action may have felt like a victory for the bears, the chart reveals that the market has actually moved sideways in the last 15 sessions, with May closing in a tight range between 91 and 94 cents since ...
Tags: Cotton Futures, Mixed Trends, balance sheet
The market has remained undecided as to where it wants to go next, with the last eleven sessions closing in a narrow range of just 166 points. The structure is still more or less the same in current crop futures, with specs and index funds ...
Tags: Cotton Futures, crop futures, on-call sales
NY futures resumed their uptrend this week, as May rallied 380 points to close at 91.61 cents, while December gained 171 points to close at 79.55 cents. After meandering sideways for the past six weeks, unable to generate much ...
Tags: Cotton Futures, Cotton market, Textile
Sentiment in the Turkish steel scrap import market remained strong Tuesday, but prices slipped modestly on a the back of a cheaper deal. A European merchant sold 40,000 mt of Heavy Melting Scrap I and HMS I/II to a medium-sized Turkish ...
The NYMEX April natural gas futures contract fell 4.4 cents to settle at $4.618/MMBtu Friday after a day of largely directionless trade and consolidation, sources said. "We continue to consolidate above $4.50[/MMBtu]," TFS Energy Futures ...
Tags: Natural Gas, futures contract, Mineral
The liquidation of the March contract proceeded in a speedy and orderly fashion, as open interest was down to just 6’393 contracts or 639’300 bales as of this morning. With another 3’300 contracts trading, most of ...
Tags: Cotton Futures, Textile
From a technical point of view the market did resolve the flag formation that we had mentioned last week and broke out to the upside, which propelled March to a six-month high, while May traded at its best level since April 2012. On ...
Tags: Upward Trend, Cotton Futures
Ever since reclaiming the 82 cents level about a month ago, the market has gone nowhere, closing the last 20 sessions in a very tight range of just 242 points, between 82.24 and 84.66 cents. The changes in the CFTC spec/hedge report tell ...
Tags: Cotton Futures, Textile
Spot European-delivered thermal coal traded a hefty $4 higher in early trading Wednesday, as an intervention by Colombian President Juan Manuel Santos cast fresh doubts on whether US producer Drummond will manage to evade an export ban in ...
Tags: Thermal Coal, Mineral
It's reported that the major steel long product manufacturers in the US including Gerdau North America, ArcelorMittal North America have announced to raise prices for steel wire products by US$30/short ton. Also, Gerdau North America ...
Reportedly, steel export prices in the CIS countries are in divergent trends with long steel products sliding, steel billets stable, and finished flats climbing. Market for finished longs is dull. Rebar is mostly traded in between ...
Tags: CIS, Steel Export, Steel Prices, Divergent Trends
Privately owned Shagang Group, China's biggest steel scrap consumer, expects to utilize 5.5 million mt of scrap this year -- or about 15,000 mt/day -- an increase of 500,000-800,000 mt, or about 13%, from last year, a company source said ...
Tags: steel, metallurgy
Twenty-five sessions and counting! That's how long the March contract has been confined to this extremely narrow range of just 212 points, closing no lower than 77.23 cents and no higher than 79.35 cents since October 31st. We probably ...
Tags: cotton, trading opportunity, hedge funds, future, trading range
Current-year corn-based ethanol RINs rose to a six-week high Monday amid steadily improving buying interest. Corn-based ethanol (D6) RINs were assessed 1.75 cents higher at $0.2975/RIN, the highest since October 21. Current-year ethanol ...
Tags: Ethanol RINs, Chemicals
At the recent 1st Assofermet Day & SteelOrbis Conference held in Brescia in northern Italy, Serdar Kilimci, sales Manager of Turkish steel producer Colakoglu Metalurji, gave a presentation on Turkish flat steel imports, exports, production ...
Tags: metallurgy, steelmaking, Colakoglu