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LME Copper to See Range-Bound Trading

  • 7 July 2017
  • Author: NarinUser1
  • Number of views: 527
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LME Copper to See Range-Bound Trading

US’s employment data in manufacturing sector held low-speed growth in June, slashing market confidence on Trump’s infrastructure construction plan, which weighs down base metals. LME copper will trade at USD 5,820-5,860/mt on Friday and SHFE 1709 copper will challenge RMB 47,000/mt with price range at RMB 46,700-47,100/mt.In China’s domestic market, spot copper should trade at premiums of RMB 0-60/mt on Friday.

Aluminium hits highest since end-May on Chinese supply jitters

  • 6 July 2017
  • Author: NarinUser1
  • Number of views: 475
  • 0 Comments
Aluminium hits highest since end-May on Chinese supply jitters

Aluminium prices climbed to more than five-week highs on Thursday as worries about supply from top producer China escalated on market talk that local smelters would be forced to shut capacity.

Asia Gold-Demand in India, China taper off; lower prices fail to lure

  • 6 July 2017
  • Author: NarinUser1
  • Number of views: 397
  • 0 Comments
Asia Gold-Demand in India, China taper off; lower prices fail to lure

 

Gold demand in India lost its steam this week as consumers held off after advancing purchases ahead of a new tax policy effective this month, while fresh buys in China too remained sluggish despite a slide in global spot prices.

"Demand in the Indian market has fallen sharply due to tax factors. Demand from China too isn't as rosy as before. So people are cautious about investing their capital in gold at this point," said Brian Lan, managing director at gold dealer GoldSilver Central in Singapore.

Iron ore stockpiles reach record in China

  • 6 June 2017
  • Author: NarinUser1
  • Number of views: 472
  • 0 Comments
Iron ore stockpiles reach record in China

The record heap of iron ore on China's doorstep just got even bigger, with the increase in holdings so far this year eclipsing the buildup seen over all of 2016 as mills produce unprecedented amounts of steel.

April 2017 crude steel production

  • 6 June 2017
  • Author: NarinUser1
  • Number of views: 569
  • 0 Comments
April 2017 crude steel production

World crude steel production for the 67 countries reporting to the World Steel Association (worldsteel) was 142.1 million tonnes (Mt) in April 2017, a 5.0% increase compared to April 2016.

China’s crude steel production for April 2017 was 72.8 Mt, an increase of 4.9% compared to April 2016. Japan produced 8.8 Mt of crude steel in April 2017, an increase of 3.0% compared to April 2016. South Korea’s crude steel production for April 2017 was 5.5 Mt, a decrease of -2.9% compared to April 2016

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