NYMEX January crude futures settled 98 cents higher at $86.77/barrel Wednesday, as the entire oil complex received a boost from the US Federal Reserve's move to continue its quantitative easing program to stimulate the economy. January ...
Tags: oil, heating oil, refinery, Nymex Oil
THE Australian share market opened marginally higher with gains in the financial sector offsetting falls by mining companies. At 10.15am AEDT the benchmark S&P/ASX200 index was up 2.7 points, or 0.06 per cent, at 4585.5, while the broader ...
Tags: Australian, Mining Stocks, contracts traded
THE Australian sharemarket is set to fall today after world markets dropped on concerns about stalled budget negotiations in the United States. At 7.10am AEDT the December share price index futures contract was down 12 points at 4,578. ...
Reuters reported that Japanese buyers have agreed an aluminium premium of USD 240 per tonne with Rio Tinto Alcan for some January to March shipments down from a record USD 254 to USD 255 PREM ALUM JP in the previous quarter. Sources ...
Tags: aluminium, Japanese buyer, aluminium price, aluminium market
Broking firm Kotak Commodity Services gave following outlook on base metals segments: Copper - MCX Copper may note some decline tracking slight retreat in international markets, however the downside. LME Copper trades slightly lower ...
Perng Fai-nan, governor of the Central Bank of China (CBC), confirmed for the first time yesterday (Dec. 12) that due to the need of deployment, a certain sovereign wealth fund from the Middle East has invested in Taiwan’s stock ...
Tags: CBC, sovereign wealth fund, Middle East, stock market
The inevitable came to the fore with the iron ore price losing 1%. Over a week long silence was broken on expected lines. Mills withdrew from buying remaining contended with need based buying from stocks. Tenders continued at lower levels ...
Tags: iron ore price news, steel scrap price, stainless steel
Bloomberg reported that MMX Mineracao & Metalicos SA, the mining company controlled by billionaire Mr Eike Batista, led the Brazilian Bovespa index after saying it will sell BRL 1.37 billion of new shares, reducing funding concerns for its ...
Tags: iron ore price news, gold shares, stock market prices, stock and shares
Weak long steel demand is finally taking toll of scrap levels which have shown uncharacteristic softening over the last fortnight. Amidst despondency buyers are not showing any urgency despite low stocks. Discounts were barely evoking any ...
Tags: Steel, Metallurgy
IRIS reported that Broking firm Kotak Commodity Services gave following outlook on base metals segments: Copper - MCX Copper may trade under pressure amid stronger Indian rupee and rangebound movement in international market. LME Copper ...
Tags: base metals, international market, rangebound movement
Reuters reported that China's production of refined copper rose in November to a record high for the second straight month as more domestic manufacturers turned to local smelters for supplies that traders said were cheaper than imports. ...
Tags: refined copper, local smelters, smelters, copper industry
Stock replenishment and inventory control are vital concerns in an industrial setting. Time taken to search for items, confusion in the reordering process, and efficiency lost in waiting for replenishment all affect an organization's ...
Tags: Bin, stock bins, inventory control bins, leaving shelf bins
Iron ore market remained affirmative as the mills plunged in buying. Encouraging economic indicators trickling in economy is poised for break after the winter recess. Better than expected industrial output PMI HSBC data in November ...
Stemcor, the world's largest independent steel trader, has signed a long-term handling and storage agreement with logistics partner Katoen Natie in Antwerp, Belgium. The intention is to consolidate stocks of steel plate into a purpose-built ...
Tags: Stemcor, steel trader, plate stocks
Zouheir Tawil,director of Tawil Group,has responded to our questions and expressed his views on the current state of the scrap markets. Could you share with us your average business volumes in the markets in which you operate? With the ...
Tags: Zouheir Tawil, Tawil Group, SteelOrbis, scrap markets