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Commodities Markets - Base Metals
steeladvisorypartners.com
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#China opens trade in Dalian #ironore futures to foreign investors from Friday (May 4), aiming to boost its pricing clout for one of its top imports and hoping traders will take a market notorious for retail speculators more seriously. Iron ore is the second commodity China is opening to outside investors after launching crude oil futures in late March.
Unlike crude oil, though, the iron ore contract on the #DalianCommodityExchange (DCE) - launched in 2013 - has a deep pool of liquidity and major Western traders have already had access through local Chinese entities. With trading volumes last year that reached 20 times global iron ore trade, and 25 times volumes done in rival contracts on the Singapore Exchange, iron ore futures in China regularly sway benchmark spot pricing. Giving foreign investors direct access can only boost that influence.
#Commodities #CommoditiesTrading #CommodityPrices #CommodityMarket #Mining #MiningIndustry #IronOrePrices #MiningCompanies #IndustrialMetals #BaseMetals #IronOreProduction #IronOreMining #IronOreFutures
China opens iron ore market to the world in pricing, image push
https://www.hellenicshippingnews.com/china-opens-iron-ore-market-to-the-world-in-pricing-image-push/
Unlike crude oil, though, the iron ore contract on the #DalianCommodityExchange (DCE) - launched in 2013 - has a deep pool of liquidity and major Western traders have already had access through local Chinese entities. With trading volumes last year that reached 20 times global iron ore trade, and 25 times volumes done in rival contracts on the Singapore Exchange, iron ore futures in China regularly sway benchmark spot pricing. Giving foreign investors direct access can only boost that influence.
#Commodities #CommoditiesTrading #CommodityPrices #CommodityMarket #Mining #MiningIndustry #IronOrePrices #MiningCompanies #IndustrialMetals #BaseMetals #IronOreProduction #IronOreMining #IronOreFutures
China opens iron ore market to the world in pricing, image push
https://www.hellenicshippingnews.com/china-opens-iron-ore-market-to-the-world-in-pricing-image-push/
China opens iron ore market to the world in pricing, image push
hellenicshippingnews.com
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Global merchants #Glencore and #Trafigura were among the first foreign firms to trade iron ore on Friday (May 4), although they have long had access to the contract through local entities. The change means foreign companies will be able to trade directly, opening the market to more participants.
#Ironore is the second commodity #China has opened to outside investors following the launching of a crude oil futures contract in March that aims to compete with rival global benchmarks. The move is expected to increase trading in the #DalianCommodityExchange’s iron ore contract, which was launched in 2013 and is already among China’s most liquid derivatives, with volumes far surpassing shipments of global seaborne iron ore trade.
#Commodities #CommoditiesTrading #CommodityPrices #CommodityMarket #Mining #MiningIndustry #IronOrePrices #MiningCompanies #IndustrialMetals #BaseMetals #IronOreProduction #IronOreMining #IronOreFutures
China vows to open up more futures markets as iron ore goes international
https://in.reuters.com/article/us-asia-ironore/china-vows-to-open-up-more-futures-markets-as-iron-ore-goes-international-idINKBN1I503N
#Ironore is the second commodity #China has opened to outside investors following the launching of a crude oil futures contract in March that aims to compete with rival global benchmarks. The move is expected to increase trading in the #DalianCommodityExchange’s iron ore contract, which was launched in 2013 and is already among China’s most liquid derivatives, with volumes far surpassing shipments of global seaborne iron ore trade.
#Commodities #CommoditiesTrading #CommodityPrices #CommodityMarket #Mining #MiningIndustry #IronOrePrices #MiningCompanies #IndustrialMetals #BaseMetals #IronOreProduction #IronOreMining #IronOreFutures
China vows to open up more futures markets as iron ore goes international
https://in.reuters.com/article/us-asia-ironore/china-vows-to-open-up-more-futures-markets-as-iron-ore-goes-international-idINKBN1I503N
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Transport worldwide will be the main driver of demand for #lithium -ion batteries this year for the first time, overtaking consumer electronics, according the Bloomberg New Energy Finance. By 2030, electric vehicles and e-buses will account for almost 90% of production.
#Commodities #CommoditiesTrading #CommodityPrices #CommodityMarket #Mining #MiningIndustry #BaseMetals #MiningCompanies #IndustrialMetals #LithiumPrices #LithiumMining
Vehicles to Take the Lead in Lithium
https://www.bloomberg.com/news/articles/2018-06-06/vehicles-to-take-the-lead-in-lithium
#Commodities #CommoditiesTrading #CommodityPrices #CommodityMarket #Mining #MiningIndustry #BaseMetals #MiningCompanies #IndustrialMetals #LithiumPrices #LithiumMining
Vehicles to Take the Lead in Lithium
https://www.bloomberg.com/news/articles/2018-06-06/vehicles-to-take-the-lead-in-lithium
Vehicles to Take the Lead in Lithium
bloomberg.com
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Spot #aluminum premiums in #Asia have nearly halved in recent weeks, even as U.S. premiums hold at 3-year highs, driven down by an influx of Chinese metal and bets that Russian producer #Rusal will avoid sanctions. The U.S. spot premium, a surcharge on top of the futures price to secure delivery of metal from warehouses, has more than doubled so far this year to $485 a ton. The rise was spurred by a 10% U.S. import tariff aimed at kickstarting domestic output, and fanned by a U.S. move to impose sanctions on United Company Rusal, preventing customers with U.S. exposure from buying metal from the world’s second-largest producer.
#Commodities #CommoditiesTrading #CommodityPrices #CommodityMarket #Mining #MiningIndustry #IndustrialMetals #MiningCompanies #AluminiumPrices #BaseMetals
Asia aluminum premiums tumble as Rusal trade unwinds, China exports jump
https://www.reuters.com/article/us-aluminium-supply-asia/asia-aluminum-premiums-tumble-as-rusal-trade-unwinds-china-exports-jump-idUSKCN1J20QC
#Commodities #CommoditiesTrading #CommodityPrices #CommodityMarket #Mining #MiningIndustry #IndustrialMetals #MiningCompanies #AluminiumPrices #BaseMetals
Asia aluminum premiums tumble as Rusal trade unwinds, China exports jump
https://www.reuters.com/article/us-aluminium-supply-asia/asia-aluminum-premiums-tumble-as-rusal-trade-unwinds-china-exports-jump-idUSKCN1J20QC
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United Company #Rusal, the world’s second biggest #aluminum producer, in May increased aluminum exports to 197,000 tonnes, up almost threefold from April, according to Interfax. January-May aluminum exports totaled 972,000 tonnes, down 16% on a year earlier. Rusal, placed under U.S. sanctions in April, has resumed shipping aluminum to some customers following an extension of a deadline for companies to wind down contracts with the Russian firm.
#Commodities #CommoditiesTrading #CommodityPrices #CommodityMarket #Mining #MiningIndustry #IndustrialMetals #MiningCompanies #AluminiumPrices #BaseMetals
Rusal's May aluminum exports up threefold: Interfax
https://www.reuters.com/article/us-usa-sanctions-rusal-aluminium/rusals-may-aluminum-exports-up-threefold-interfax-idUSKCN1J10S0
#Commodities #CommoditiesTrading #CommodityPrices #CommodityMarket #Mining #MiningIndustry #IndustrialMetals #MiningCompanies #AluminiumPrices #BaseMetals
Rusal's May aluminum exports up threefold: Interfax
https://www.reuters.com/article/us-usa-sanctions-rusal-aluminium/rusals-may-aluminum-exports-up-threefold-interfax-idUSKCN1J10S0
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#China’s spot #ironore prices at ports remain firm as traders tend to wait and see, deeming spot market is largely influenced by futures market. #Steel mills saw inquiries for MNP fines but with low buying interest. Spot price for 61.5%-Fe PB fines is set at RMB455/wmt at Qingdao Port, including RMB35/tonne port charge and 16% VAT. Spot trade at main ports weakened amid a RMB3/tonne decrease in partial transaction prices. Steel mills’ procurement was concentrated on MNP fines. Newman fines heard trade at RMB483/tonne in Tangshan, PB fines heard trade at RMB452/tonne in Shandong port.
#Commodities #CommoditiesTrading #CommodityPrices #CommodityMarket #Mining #MiningIndustry #IronOrePrices #MiningCompanies #IndustrialMetals #BaseMetals #IronOreProduction #IronOreMining #IronOreFutures
Chinese iron ore and steelmaking prices June 05 2018
https://www.hellenicshippingnews.com/chinese-iron-ore-and-steelmaking-prices-june-05-2018/
#Commodities #CommoditiesTrading #CommodityPrices #CommodityMarket #Mining #MiningIndustry #IronOrePrices #MiningCompanies #IndustrialMetals #BaseMetals #IronOreProduction #IronOreMining #IronOreFutures
Chinese iron ore and steelmaking prices June 05 2018
https://www.hellenicshippingnews.com/chinese-iron-ore-and-steelmaking-prices-june-05-2018/
Chinese iron ore and steelmaking prices June 05 2018
hellenicshippingnews.com
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#Ironore markets are as jumpy as a cat on a hot tin roof, maintaining the yo-yo price action seen over the past week. According to Metal Bulletin, the spot price for benchmark 62% fines jumped by 1.3% to $66.34 a tonne, leaving it at the highest level since May 24. Like the benchmark, higher grades also pushed higher on Wednesday (June 6) with the price for 65% fines lifting 0.8% a tonne. Lower grades, however, failed to participate in the rally, holding steady at $38.51 a tonne.
#Commodities #CommoditiesTrading #CommodityPrices #CommodityMarket #Mining #MiningIndustry #IronOrePrices #MiningCompanies #IndustrialMetals #BaseMetals #IronOreProduction #IronOreMining #IronOreFutures
Iron ore markets are as jumpy as a cat on a hot tin roof
https://www.businessinsider.com.au/iron-ore-prices-china-mine-closures-port-inventory-2018-6
#Commodities #CommoditiesTrading #CommodityPrices #CommodityMarket #Mining #MiningIndustry #IronOrePrices #MiningCompanies #IndustrialMetals #BaseMetals #IronOreProduction #IronOreMining #IronOreFutures
Iron ore markets are as jumpy as a cat on a hot tin roof
https://www.businessinsider.com.au/iron-ore-prices-china-mine-closures-port-inventory-2018-6
Iron ore markets are as jumpy as a cat on a hot tin roof | Business Insider
businessinsider.com.au
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Record high stocks of #copper in land-locked #Arizona and #Utah are a reflection of soaring transport costs in the #UnitedStates and weak demand for the industrial metal produced in the Americas. Stocks in these two locations are likely to keep rising until prices are high enough to offset costs of transporting the copper.
Copper stocks held in warehouses registered with COMEX in the United States stand at 228,428 tonnes, up from below 90,000 tonnes at the start of 2017. Specifically, stocks in COMEX warehouses in Salt Lake City, Utah have climbed to 131,774 tonnes from around 30,000 tonnes in January last year, while those in Tucson, Arizona are up at 74,427 tonnes from below 50,000.
#Commodities #CommoditiesTrading #CommodityPrices #CommodityMarket #Mining #MiningIndustry #CopperFutures #MiningCompanies #IndustrialMetals #CopperPrices #CopperMining #BaseMetals
U.S. copper stocks sprint to record high, reflecting transport costs, weak demand
https://www.reuters.com/article/us-comex-copper-stocks/u-s-copper-stocks-sprint-to-record-high-reflecting-transport-costs-weak-demand-idUSKCN1G61JU
Copper stocks held in warehouses registered with COMEX in the United States stand at 228,428 tonnes, up from below 90,000 tonnes at the start of 2017. Specifically, stocks in COMEX warehouses in Salt Lake City, Utah have climbed to 131,774 tonnes from around 30,000 tonnes in January last year, while those in Tucson, Arizona are up at 74,427 tonnes from below 50,000.
#Commodities #CommoditiesTrading #CommodityPrices #CommodityMarket #Mining #MiningIndustry #CopperFutures #MiningCompanies #IndustrialMetals #CopperPrices #CopperMining #BaseMetals
U.S. copper stocks sprint to record high, reflecting transport costs, weak demand
https://www.reuters.com/article/us-comex-copper-stocks/u-s-copper-stocks-sprint-to-record-high-reflecting-transport-costs-weak-demand-idUSKCN1G61JU
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Benchmark Australian spot prices for #ironore are near $80 per ton, a 30% rise versus late October. So far this month, prices are up 6%. Spot prices for coking coal have also risen 5% in the first half of February, topping $230 per ton.
In January, #China's imports of iron ore totaled 100 million tons, jumping 19% from the previous month's 84 million tons, and up 8 million tons, or 9%, from the same month a year earlier. Iron ore futures are also climbing on the #DalianCommodityExchange, the world's largest trading platform for iron ore. Rumors suggest speculative money is flowing into the Chinese futures market in anticipation of a further increase in steel prices, which is also pushing up prices for physical steel materials.
#Commodities #CommoditiesTrading #CommodityPrices #CommodityMarket #Mining #MiningIndustry #IronOrePrices #MiningCompanies #IndustrialMetals #BaseMetals #IronOreProduction #IronOreMining #IronOreFutures #Australia
Iron ore defies falling global commodity prices
https://asia.nikkei.com/Markets/Commodities/Iron-ore-defies-falling-global-commodity-prices
In January, #China's imports of iron ore totaled 100 million tons, jumping 19% from the previous month's 84 million tons, and up 8 million tons, or 9%, from the same month a year earlier. Iron ore futures are also climbing on the #DalianCommodityExchange, the world's largest trading platform for iron ore. Rumors suggest speculative money is flowing into the Chinese futures market in anticipation of a further increase in steel prices, which is also pushing up prices for physical steel materials.
#Commodities #CommoditiesTrading #CommodityPrices #CommodityMarket #Mining #MiningIndustry #IronOrePrices #MiningCompanies #IndustrialMetals #BaseMetals #IronOreProduction #IronOreMining #IronOreFutures #Australia
Iron ore defies falling global commodity prices
https://asia.nikkei.com/Markets/Commodities/Iron-ore-defies-falling-global-commodity-prices
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