Platinum News

Morning Platinum Market Report

admin — Fri, 25 May 2012 16:32:10 +0000

Like the rest of the metals complex, platinum is showing early strength this morning, which may be due in large part to initial gains in European equities and also because of some initial gains in the Euro….

Hot Rolled NYMEX Futures: In the Trade Zone

admin — Fri, 25 May 2012 16:32:10 +0000

Hot Rolled NYMEX: It was a pretty steady week of business with 815 lots having traded, or 16,300 ST as we are in the zone where buyers and sellers are prepared to meet. All of the trades were in the balance of 2012….

Steel Reality MoMo Index Continues Negative Trend

admin — Fri, 25 May 2012 16:32:10 +0000

Utilizing a trailing average Hot Rolled Coil (HRC) price, the SMU/Steel Reality price momentum index for flat rolled steel in the US remained below 0% this past week and Momentum (MoMo) has been negative for the 14th straight week….

Swiss platinum imports hit 4-yr low in April

admin — Fri, 25 May 2012 16:32:10 +0000

Imports of platinum to Switzerland, a major clearing hub, fell to their lowest in over four years, driven by a drop in South African shipments, while imports of palladium hit three-month highs, according to Swiss customs data on Thursday.

Central Bankers Bought More Gold while European Leaders Kept Talking

admin — Fri, 25 May 2012 09:19:34 +0000

Gold futures fell for the first 3 days of this week by $43.5 or 2.7% before rebounding $9.1 to end at $1,557.5 on Thursday. Year-to-date, gold futures are down 0.6%, worse than S&P at +5.9% and Dollar Index at +2.7% but better than Stoxx at -3.8%, Euro/dollar at -3….

Copper Calendar Swap Futures

admin — Fri, 25 May 2012 00:13:44 +0000

Our new Copper Calendar Swap Futures and Average Price Options Offer a more perfect hedge for commercial users and producers Provide access to products based on monthly averages, which allows hedgers to smoothly mitigate volatile price fluctuations Are based on the increasingly liquid benchmark 25,000-lb Copper futures contract Offer margin efficiencies with eroding rates across each month Will offer margin More >

Morning Platinum Market Report

admin — Thu, 24 May 2012 14:07:36 +0000

The platinum market has found mild support this morning and managed to recover in spite of the news that a labor disruption at an Impala mine might have ended….

Morning Platinum Market Report

admin — Wed, 23 May 2012 16:31:09 +0000

Like most other physical commodity markets, fear of additional global economic slowing is widely seen to have pressured platinum prices this morning….

Steel Market Update: HRC Weekly Price Ranges

admin — Wed, 23 May 2012 16:31:09 +0000

Here is how SMU see?s flat rolled prices this week: Hot Rolled Coil: SMU Range is $630-$670 per ton ($31.50/cwt-$33.50/cwt) with an average of $650 per ton ($32.50/cwt) fob mill, east of the Rockies….

Gold Following Weaker Euro as Greece Concerns Mount

admin — Wed, 23 May 2012 08:44:46 +0000

Gold futures rebounded strongly last Thursday and Friday, rising 0.5% for the week after falling 5% during the previous two weeks. Gold price touched $1,599 during Monday morning in Asia though some profit-taking took place….