The plan to launch China's first crude oil futures contract is facing more roadblocks as the Shanghai International Energy Exchange, or INE, comes under government review, a senior official close to the matter said Monday. "The target ...
Tags: Crude Futures, Crude Oil
Spot import premiums for London Metal Exchange-registered brands of copper cathode on a CIF China basis inched up as the import-related loss has turned into a profit, while the import interest has generally stayed thin after the New Year ...
Tags: Copper Import, Copper
Shanghai Futures Exchange (SHFE) copper prices climbed on Wednesday, the last trading day of 2014. The market closed on January 1 and 2 due to the New Year holidays. The most-traded copper contract for March delivery on the SHFE ended at ...
Tags: Copper Prices, Copper
Spot import premiums for London Metal Exchange-registered brands of copper cathode on a CIF China basis remained steady for the fourth consecutive week amid thin trade, market sources said Wednesday. Sources said physical buying interest ...
Tags: Copper Cathode, Copper, Metallurgy
Spot import premiums for London Metal Exchange-registered brands of copper cathode on a CIF China basis slipped for a second consecutive week, dampened by persistently weak physical buying interest during the current summer lull, market ...
Tags: Metal, Copper, Metallurgy
Prices of most of the 12 copper futures on the Shanghai Futures Exchange Friday fell week on week in thinner volumes as market participants adopted a cautious approach following news that Qingdao port had halted shipments of aluminum and ...
Tags: Copper Futures, Qingdao Port
Spot import premiums for London Metal Exchange-registered brands of copper cathode on a CIF China basis have fallen amid thin trade after news Qingdao port had halted shipments of aluminum and copper amid a probe into loan irregularities ...
Tags: import premiums, Copper futures
Chinese aluminum stocks at Shanghai Futures Exchange warehouses fell for the second consecutive week, slipping below 400,000 mt. Aluminum inventories slipped to 398,854 mt Friday, down 1.8% week on week, the latest weekly data from the ...
Tags: Aluminum, aluminum stocks
A fall in the value of China's currency against the dollar has increased the losses incurred by the country's copper importers in May, Chinese industry sources said Thursday. The US dollar was trading at Yuan 6.26 Thursday, compared with ...
Tags: Copper Importers, metals
The Platts Australian alumina assessment fell 50 cents/mt from Friday to $315.50/mt FOB Monday, weighed down by supply overhang, tight cash flows and lack of buyers. Alumina bid/ask levels were around $310-312/mt against $316/mt FOB ...
Tags: alumina, Australian-origin cargoes
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
Chinese aluminum stocks at Shanghai Futures Exchange warehouses fell 0.5% Wednesday, halting a 14-week upward trend in weekly stock levels, according to data released late Wednesday by the bourse. Aluminum inventories at SHFE warehouses ...
Tags: Aluminum Stocks, Aluminum Futures
China's copper stocks continued to slip for the fourth consecutive week in Shanghai Futures Exchange warehouses. Copper inventories stood at 142,671 mt Friday, down 17% week on week, the latest weekly data from the Chinese bourse showed. ...
Tags: Copper Stocks, copper
Shanghai Futures Exchange (SHFE) launched trading of hot rolled coil (HRC) futures contracts today, March 21, offering another hedging tool for steelmakers amid growing price volatility. The most traded HRC contract for October delivery ...
China imported 379,000 mt refined copper in February, down 29% from January but up 27% from February 2013, General Administration of Customs data released Monday showed. Industry analysts Tuesday attributed the month-on-month fall to ...