Libya’s domestic ructions may have put paid to BP’s hopes of becoming a leading oil producer in the country. As The Wall Street Journal’s Benoît Faucon reports, the British oil major is in talks to relinquish control ...
Tags: Gulf Coast Prices, Shale
Chinese spot CIF import premiums for London Metal Exchange-registered brands of copper cathode remained steady amid marginal sideways movements, industry sources said Wednesday Import premiums remained around $200/mt CIF China Wednesday, ...
Tags: copper, copper investment, raw material, refining copper
Reportedly, steel and iron ore futures in China climbed higher on Friday. Iron ore was up more than 3%, showing a sign of increasing demand began November. According to China's National Bureau of Statistics that the country's Purchasing ...
Tags: Rebar, Construction
It's reported that rebar futures in Shanghai rose for a second day on decrease of money market rates, indicating the cost of funding is dropping. Rebar for delivery in May on the Shanghai Futures Exchange (SHFE) hit RMB3, 601/ton or rose by ...
Tags: rebar, steel, Construction
Offers for China's domestic spot aluminum alloy ADC12 remained generally steady Tuesday, while the physical demand stayed healthy after the pickup seen the previous week, industry sources said. Domestic offers were heard around Yuan ...
Tags: Chemicals, aluminum, aluminum alloy, Metallurgy, Mineral
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
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's top securities regulator said on Friday that it has approved iron ore futures trading on the Dalian Commodity Exchange. The approval came one week after the relaunch of treasury-bond futures on the China Financial Futures Exchange ...
Tags: Iron Ore, Metallurgy, Mineral, Energy
China's refined copper imports are expected to continue rising in the coming months as international sellers increasingly turn to China amid an overhang in global supply, a Chinese industry source said last Friday. "Global copper supply ...
Tags: Copper, Metallurgy, Mineral
Domestic gold futures still have room to grow following the recent commodities rally, which sent gold, copper and crude oil to multi-month highs last week. The most traded gold contract on the Shanghai Futures Exchange (SHFE) rose 1.45 ...
China's Shanghai Futures Exchange is hoping its new asphalt futures contract -- to be launched next month -- will revive interest in oil trading on the bourse, after activity on its fuel oil contract fizzled out, Zhang Zheng, SHFE's ...
Tags: Chemicals, Metallurgy, Mineral, Energy
Chinese steel rebar futures for October delivery at Shanghai Futures Exchange (SHFE) dropped to its lowest by 2.1% to RMB 3,496/ton, a 9 month low on Monday since September 7th last year as China, the world's biggest steel consumer's ...
Tags: SHFE, steel, Construction&Decoration
The NASDAQ OMX Group, Inc. and World Steel Exchange Marketing, LCC (WSEM) founded by World Steel Dynamics (WSD) in 2009, announced Monday a new partnership to develop financially settled steel and steel scrap futures products to be traded ...
Tags: Steel Futures Platform, Mineral
The price of hydrous ethanol in Sao Paulo, Brazil's biggest fuel market, snapped a five-week slide in the week ended April 9 due to stronger demand following the Easter break, agricultural think tank Cepea said Tuesday. Hydrous ethanol, ...
Tags: Hydrous Ethanol Price, Chemicals