Tag: HSBC

Price Recovery for Coking Coal Still Far Away

Price Recovery for Coking Coal Still Far Away

Metallurgical or coking coal contracts for Q1 2015 hit another quarterly low according to HSBC with hard-coking coal at $117/metric ton, semi-soft coking coal at $86/mt, and ULV PCI (ultra-low, volatile, pulverized coal-injection) at $99/mt CFR China, continuing a downward trend.

Free Download: Cost Certainty for Coking Coal Shipments

Coking coal prices have suffered from many of the same dynamics as iron ore. Excessive investment in recent years has boosted supply, with more planned to come on-stream. Although some of those under development are expected to be delayed in 2015 due to current prices, others such as Mozambique where the completion of the Nacala corridor is expected this month, are set to add significant extra capacity.

Aluminum’s Parallel Universes and the Threats Both Face

To say the aluminum market is a game of two halves is maybe a silly distortion of an equally silly saying, but in many ways the market in China and the market in the rest of the world almost exist in distinct but parallel universes. A graph from HSBC’s excellent “Quarterly Global Mining and Metals Review” illustrates the point rather well.

FREE Download: The Monthly MMI® Report – covering the Aluminum market.

Yet, in reality, it is the tight nature of the North American market, just 8% of the whole, that is driving sky-high physical delivery premiums, as we mentioned in Friday’s post. Asian consumers, as a result, are having to pay ever-higher premiums in spite of high inventories and cooling demand.

Week-In-Review: Are The Precious Metals Show Ponies or Workhorses?

Week-In-Review: Are The Precious Metals Show Ponies or Workhorses?

Our MetalMiner IndX tracks worlwide metal prices every day. The global precious metals – palladium, platinum, silver and gold – are followed mainly for their potential as investments, but their appeal as industrial metals came to the fore again this week.

FREE Download: The Monthly MMI® Report – covering the Precious markets.

The film industry, banking transparency, renewable energy technology, cleaner emissions and even rural electrification all exist because of how hard the precious metals work. If you weren’t thanking gold, silver, platinum and palladium yesterday then you should apologize and ask for forgiveness right now!

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