Well, it happened: negative oil. As we wrote some weeks ago, the possibility of negatively priced oil has become a reality. Producers desperate to make delivery against CME contracts have been forced to pay leaseholders on space at the Cushing oil depot to take deliveries off their hands. Looking for metal price forecasting and data […]
Category: Commodities
This Morning in Metals: Vale iron ore production down 18%
This morning in metals news, Brazilian miner Vale’s iron ore production dropped 18% in Q1, U.S. total energy exports exceeded imports in 2019 and China has imposed new scrap import quotas. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today!
Week in Review: Pressure on steel; falling oil prices; housing starts plunge
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner, including coverage of: steel prices; container traffic trends; housing starts; oil prices; E.U. anti-dumping duties on stainless steel; and much more. Looking for metal price forecasting and data analysis in […]
Oil price collapse is far from over … but now the U.S. has a role
The president tweeted and the world’s media rushed out news reports on Sunday that a deal had been reached between Saudi Arabia, Russia, OPEC and the U.S., a deal that would reduce oil output by nearly 10 million barrels a day to support prices and save oil-producing countries’ budgets. Looking for metal price forecasting and […]
This Morning in Metals: Great Lakes region steel production plunges
This morning in metals news, Great Lakes steel production plummets, Northshore Mining on Minnesota’s Iron Range is being idled through August and the Pilbara Ports Authority recently reported March port data. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today!
COVID-19 pandemic to hamper India’s iron ore export business
Like its metals markets, India’s mining sector is in a state of turmoil because of the ongoing COVID-19 pandemic. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! A new report by data analytics company GlobalData has forecast India’s iron ore exports will decline by around 25% […]
Week in Review: Oil recovery awaits OPEC deal; construction spending up 6%; aluminum stocks remain elevated
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner, including coverage of: oil prices; construction spending; automotive sales; precious metals; aluminum stocks; and much more. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about […]
This Morning in Metals: Oil producers reach tentative deal on output cuts … but Mexico holds out
This morning in metals news, oil producers on Thursday (including Saudi Arabia and Russia) reached a deal in principle to slash output, ArcelorMittal is laying off new hires and Chinese iron ore futures made gains to close the week.
This Morning in Metals: Year-to-date U.S. steel production down 2.7%
This morning in metals news, U.S. steel production during the year to date is down 2.7%, a rise in demand for niche steel products could benefit Chinese steel mills and iron ore shipments from Australia’s Frances Creek mine are set to resume. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire […]
Shakeout from oil price forces alliance of foes
Boasts of a deal between Saudi Arabia and Russia, leaders of the OPEC+ oil producers alliance, to lead cuts in output by 10 million to 15 million barrels per day may have boosted oil prices for the time being. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights […]