The International Energy Agency said Thursday OPEC would need to boost its output in the third quarter by some 900,000 b/d from April's level to meet rising global demand, and warned that OECD oil stocks remained tight by historical ...
Tags: OPEC, oil supply
Going long on lead and short on copper continues to be a solid investment strategy in 2014, particularly as lead tilts toward a supply deficit and copper toward surplus, investment bank BNP Paribas said Thursday. Despite lead's ...
The seaborne iron ore market ended a brief two days of gains Thursday as buying activity failed to hold up. Platts assessed the 62% Fe Iron Ore Index at $103.25/dry mt CFR North China Thursday, down 75 cents/dmt on the day. Despite spot ...
Tags: Iron Ore Market, Iron Ore
ICE Cotton futures continued its slide this week and traded below the 9 day moving average for the entire week. The spot N4 dropped a total of 323 points over the course of the week to close at 89.82, lowest settlement since beginning of ...
It was a combination of technical weakness and economic worries that weighed on the market this week, as the spot month moved perilously close to the important 90 cents support level, settling at its lowest level since March 13. From a ...
US ethanol stocks for the week ended May 9 firmed 162,000 barrels to 17.302 million barrels on higher production and imports, Energy Information Administration data showed Wednesday. Production in the week rose 28,000 b/d to 922,000 b/d ...
Tags: ethanol stocks, ethanol
Freight rates to ship coal from northern China's Qinhuangdao port to the other Chinese ports of Zhangjiagang, Shanghai and Guangzhou fell for a third straight week, Qinhuangdao port said Tuesday. Rates from Qinhuangdao to Zhangjiagang for ...
Tags: Coal stocks, Qinhuangdao Port
All India cotton arrivals have dropped to approximately 85,000 bales per day. The total cotton pressed for the fortnight ending 30th April is approximately 3 crore 35 lakh bales as per trade sources. The unsold cotton stock with ginners and ...
Tags: Cotton, cotton crop
Diversified iron ore developer London Mining said Monday it produced 900,000 mt of iron ore from the Marampa operation in Sierra Leone in the first quarter, up 17% from Q4 2013, while it looked for a minority investor to help it cope with ...
Tags: Iron Ore, London Mining
Demand for gallium is forecast to rise rapidly between 2014 and 2020 as general lighting moves away from incandescent and fluorescent lamps to light-emitting diodes (LEDs). This strong growth is not, however, likely to result in any ...
Tags: Gallium Market, GaN-Based LED
Demand for gallium will rise rapidly between 2014 and 2020 as general lighting moves away from incandescent and fluorescent lamps to light-emitting diodes, but this strong growth is unlikely to result in any tightness in supply as the ...
Tags: Gallium, LED, Electrical, Electronics
Some supply tightness caused Thursday's gains to be extended Friday on the UK's NBP trading hub, providing a further break for what has been largely a bearish market. At 11:00 am London time, the within-day contract was valued at 47.80 ...
Tags: Bearish Market, LNG
Africa's largest steel producer, ArcelorMittal South Africa, has announced its financial results for the first quarter of the current year, reporting a net profit of ZAR 322 million ($31.1 million), compared to a net loss of ZAR 275 million ...
Tags: steel producer, ArcelorMittal
Turkish polyethylene prices Wednesday hit highs not seen since October 2008, driven by limited Middle East offers amid high Asian prices, sources said. Low density polyethylene, linear low density polyethylene and high density ...
Goldman Sachs remains bearish on the outlook for the copper price in 2014, with a target price of $6,200/mt, the investment bank said late Wednesday. "After selling off from $7,450/mt to $6,320/mt in mid-March, driven by Chinese property ...
Tags: Goldman Sachs, Copper Price