 |
Louisiana Light • 2 days | 90.61 | -0.79 | -0.86% | ||
|
Bonny Light • 2 days | 94.55 | -1.05 | -1.10% | ||
|
Opec Basket • 2 days | 95.31 | -0.42 | -0.44% | ||
|
Mars US • 58 mins | 89.29 | +0.91 | +1.03% | ||
|
Gasoline • 57 mins | 2.562 | +0.018 | +0.72% |
|
Bonny Light • 2 days | 94.55 | -1.05 | -1.10% | ||
|
Girassol • 2 days | 95.92 | -0.63 | -0.65% | ||
|
Opec Basket • 2 days | 95.31 | -0.42 | -0.44% |
|
Peace Sour • 17 hours | 84.18 | -0.35 | -0.41% | ||
|
Light Sour Blend • 17 hours | 84.68 | -0.35 | -0.41% | ||
|
Syncrude Sweet Premium • 17 hours | 93.28 | -0.35 | -0.37% | ||
|
Central Alberta • 17 hours | 84.18 | -0.35 | -0.41% |
|
Eagle Ford • 2 days | 86.16 | -0.35 | -0.40% | ||
|
Oklahoma Sweet • 2 days | 86.25 | -0.25 | -0.29% | ||
|
Kansas Common • 5 days | 80.25 | +0.25 | +0.31% | ||
|
Buena Vista • 6 days | 95.08 | -0.15 | -0.16% |
Copper Prices Stuck As Stockpiles Skyrocket
Copper prices are stuck in…
China’s Credit Growth Boosts Confidence In Iron Ore Markets
Iron ore prices saw a…
Historic UAW Strike Spells Uncertainty For Steel Prices
The ongoing UAW strike with…
Metals
Copper Prices Stuck As Stockpiles Skyrocket
Via Metal Miner The Copper Monthly Metals Index (MMI) moved sideways from August to September, dropping just 1.36%.…
Unprecedented Gold Hoarding By Central Banks Heralds Financial Sea Change
My estimation of global official gold reserves hit 38,764 tonnes in Q2 2023, breaking its previous record from 1965. The new high confirms the world has entered a…
Are Consumers Willing To Pay A Premium For Low-Carbon Aluminum?
Via Metal Miner LME aluminum prices edged sideways throughout August, with a modest 1.69% month-over-month rise. Meanwhile,…
Aluminum Oxide Shortage Pushes Russia To Diversify Supply Chain
Via Metal Miner A somewhat desperate Russia has made some interesting moves relating to its need for aluminum oxide, also known as alumina. Recent reports indicate that the…
Historic UAW Strike Spells Uncertainty For Steel Prices
Via Metal Miner The Raw Steels Monthly Metals Index (MMI) moved sideways, with a 2.83% decline from August…
Tata Steel's Port Talbot Set For £1.25 Billion Green Transformation
Via Metal MIner The UK government and Mumbai-headquartered Tata Steel have reached a preliminary agreement over a…
Is The LME Losing Its Grip On Global Nickel Pricing?
Via Metal Miner The nickel price index continued to trend downward, as it fell to its lowest level since July…
Yen's Dramatic Slide Triggers Unexpected Gold Rush In Japan
A gold-buying frenzy in hyperinflating banana-republic basket cases such as Venezuela, Zimbabwe, Argentina or Turkey makes sense; one can also imagine Indians and Chinese liquidating rushing to buy…
China's Economic Resurgence Boosts Global Commodity Prices
Via Metal Miner Month-over-month, the Renewables MMI (Monthly Metals Index) ended up dropping significantly by 11.16%. The main…
China’s Credit Growth Boosts Confidence In Iron Ore Markets
Via Metal Miner According to this report, the most-traded January iron ore on China’s Dalian Commodity Exchange (DCE)…
Euro Steelmakers Defy Sluggish Market With Bold Price Hike
Via Metal Miner Steelmakers in Northwestern Europe are seeking an increase of €20 ($20) per metric ton on hot rolled coil. Market sources…
Tata Steel Looks For UK Support To Make £1.2 Billion Green Furnace Upgrade
Via Metal Miner Tata Steel is in talks with the UK government to acquire £500 million ($630 million) in funding. The steelmaking multinational…
China’s Massive Gold-Buying Spree Continues
After returning to net gold buying in June, central banks continued to add to their gold reserves in July. Globally, central banks reported net purchases of…
Auto Union Strike Could Crush Steel Demand
Via Metal Miner Month-over-month, the Automotive MMI (Monthly Metals Index) slid downward by 3.42%. Steel prices within the…
Are China's Export Restrictions A Blessing In Disguise For The U.S.?
Via Metal Miner Seeing its first significant rise in over eight months, the Rare Earths MMI welcomed a boost of 6.84% month-over-month. Indeed,…
LME's Reputation On The Line After Nickel Fiasco
Via AG Metal Miner The Stainless MMI continues its decline this month. Moreover, nickel prices continue to show…
Massive Copper Theft Scandal Sends Shockwaves Through Metal Market
Shares of Europe's top copper producer in Frankfurt trading plummeted following an announcement that it might have fallen victim to a massive theft, potentially leading to losses of…
Global Aluminum Market Set For Major Shake-Up
Via Metal Miner It’s called the “nickel model,” and China hopes to duplicate it for its aluminum industry. Indeed,…
Will Precious Metals Rebound?
Via Metal Miner The Global Precious Metals MMI did not deviate far from its ongoing sideways trend. Indeed,…
World’s Largest Miner Expresses Concern About Chinese Growth
China’s demand for commodities including iron ore and copper is uncertain in the coming months and largely depends on how effective Chinese policies to jumpstart the underwhelming economic growth and…
