Australian dollar outlook in 2018 splits forecasters
base metal news - more LME Morning - Metals spurred by sick dollar, near fresh multi-month highs - more Reports turkish lira forex rate Commodity/Economic Comments Edward Meir of MF Global Morning Comments - no report this week due to LME week (MW) The Ban Phuc underground. In addition, Swiss banks were told that they would have to raise more capital going forward. With four remaining shipping/receiving days left in the month, LME approved warehouses have received more nickel than they have shipped for October, at a two to one margin (12 showing gains, 6 showing losses). Production was 1,487,000 tons in the week ending October 2, 2009, while the capability utilization then was.2 percent. Capital Goods Orders Climb More Than Previously Estimated / Pending.S. Nymex crude is up nearly 1/2 of 1 and trading.63/barrel. 11 it will raise its November ex-works prices for several steel products by between RMB 100 (14.99) and RMB 200 (29.97) per ton, an analyst told Interfax. The return of production from Vale's Sudbury and Voisey Bay operations in Canada after the year-long strikes and the gradual ramp-up of production from new projects will add at least a further 170180kt of additional supply in 2011 compared to 2010.
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We rely on advertising to help fund our award-winning journalism. Production was 1,491,000 tons in the week ending October 23, 2009, while the capability utilization then was.3 percent. Nymex crude is trading higher by over 1/2 of 1 and trading.45/barrel. Contact us Monday, October 4 Daily Nickel/Stainless Steel Wrap-up Baltic Dry Index - plus 26 to 2,478. more Brazil's ruling party denies Vale jobs remark-report - Brazil's ruling Workers' Party (PT) has denied allegations that some of its officials pressured mining giant Vale for jobs, O Globo newspaper reported on Saturday. (Yieh) The upstream stainless steel mills such as Yieh United Steel Corp. (Interfax) The declining level of output from China's steel mills in recent months is expected to lower company inventories, balancing market demand and supply, an industry analyst told Interfax Oct. The Euro is trading nearly 3/10 of 1 lower against the US Dollar at the moment.
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(read Ed Meir's complete morning base metals report here ) (Dow Jones) Goldman. (Reuters) China Steel Corp, Taiwan's top steel producer, said on Tuesday it will keep domestic prices of most of its steel products unchanged for December from October-November as a fragile world economy hurt demand. more Morning Briefing (8:00 AM CST is 1PM in London) Indicators at 7:20 am CST show 3 month nickel trading around.14/lb with other base metals mostly lower. With the help of their enthusiastic 'trainee' truffle dog 'Charlie' they're starting to unearth the expensive black fungus from the roots of the English oak trees they planted out and inoculated with truffle spore back in 2010. (Bloomberg) The introduction of exchange-traded funds for base metals wont have a long-term impact on prices, according to a report today from Goldman Sachs Group Inc. (Interfax) China has begun iron ore price negotiations for next year, Vice Chairman Luo Bingsheng of the China Iron and Steel Association (cisa which represents China's major steel mills, said at an Oct.
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