Spot gold was trading at three-month lows Monday morning, below $1,100/oz on COMEX for the first time since August on a strong US dollar, boosted Friday by strong US jobs data. Data showed Friday 271,000 new jobs were created in the US in ...
Tags: Gold, US economy
Rebar prices kept unchanged in Mexico through October, although producers continue to be assertive about hiking prices, sources in the domestic market said. Reported offers, bids and deals led Platts to maintain its Mexican domestic rebar ...
Tags: Rebar prices, Stay Flat, sluggish demand
New York futures advanced this week, with December gaining 146 points to close at 64.50 cents/lb, while March moved up 114 points to close at 63.02 cents/lb. Persistent spec buying lifted the December contract to a high of 66.04 cents ...
Tags: grains markets, New York futures, Textile
New York cotton futures dropped precipitously this week, as December lost 346 points to close at 59.73 cents/lb, while March fell 353 points to close at 58.75 cents/lb. “The narrow five-week sideways trend ended abruptly on Monday ...
Tags: cotton futures, market report, Textile
International credit rating agency Standard & Poor's Ratings (S&P) has announced that a potential sale by Indian steelmaker Tata Steel of its European long steel products business and associated distribution activities is credit positive ...
Tags: steelmaker, Tata Steel
New York futures moved higher this week, with December advancing 209 points to close at 63.94 cents/lb, while March gained 174 points to close at 62.27 cents/lb. “After posting a low of 60.83 cents two weeks ago, nearby supply ...
Tags: Cotton, cash market
There was a lot of talk in the market this week about death, dead cat bounces, flat lining, etc. Well, honestly it was a dead market. The range was tight with only a 38 point drop from last Friday’s settle and volumes weren’t ...
Imports of carbon steel products by Brazil reached 214,000 mt in June, 30 percent less than in May, according to the country’s ministry of development, industry and foreign trade (MDIC). The main items imported were coated flats ...
Tags: Carbon Steel, Brazil, Metallurgy, Mineral
NY futures extended their decline this week, with December falling another 351 points to close at 68.55 cents. The market continued its relentless slide, driven by the same dynamics we talked about last week. The market’s weakness ...
Tags: NY Cotton Futures, Decline, Textile
Long steel producer Siderurgica Norte Brasil (Sinobras) has received a license to expand its mill in the city of Maraba, in the state of Para, Brazil, the company announced on Thursday. The state’s governor delivered the document to ...
Tags: Sinobras, expand, Metallurgy, Mineral
Russian aluminum producer Rusal said Monday that it is bullish on the near term prospects for the aluminium market and believes that the price is undervalued. "A number of influential factors that have emerged in recent weeks cause the ...
Tags: Aluminum Market, raw materials
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 ...
The market has felt deflated ever since the wild ride on March 26, during which the spot contract shot up to a high of 97.35 cents/lb before dropping more than 500 points below that level by the end of the session. From a technical ...
Tags: Cotton Futures, Xinjiang cotton
Gold is lacking direction ahead of key US employment data due Friday, with mixed views on physical demand. ANZ said in a gold report that "the $100/oz decline in gold over the past two weeks was largely the unwinding of the 'safehaven' ...
Tags: Service, employment data, Economy
EU carbon dioxide allowances crashed to a nine-month low Friday, as speculators unwound long positions ahead of data due next week and expected to signal weak demand, traders said. EU Allowance futures contracts for December 2014 delivery ...