Iron Investing News reports on Chinese steel and iron ore group, Baosteel. Traders maintain that any deal with Baosteel could help Anglo fend off suitor Xstrata (XTA.L), which last week was told to make a formal bid for Anglo by October 20 or walk away for six months. The opposition to Xstrata’s proposal for a nil-premium [...]
Articles Tagged "record"
Iron Investing News reports iron market moving towards a gloomy start. “We need to recognise the fundamentals of the market. The market would show that it does need a downward adjustment this year,” said Sam Walsh, head of Rio’s iron ore division. But given the potential for a recovery in industrial demand at some stage [...]
Potash Investing News reports potash prices may go higher with China’s demand. A quick rebound in potash demand could spell disaster for farmers. High fertilizer stockpiles mean that demand may be hard to meet when growers start buying. Yes, this sounds counterintuitive; however, as stockpiles reached record highs after six months of slow sales shippers idled [...]
Gas Investing News reports gas markets have been relatively stable though other commodities and market indices have been pretty volatile. Though this stability is preventing gas investors from riding the same emotional rollercoaster that most other investors have boarded, it has had a deleterious impact on the overall market. The U.S. Department of Energy has noted that [...]
Crude Investing News reports instability in the financial markets causing crude prices to fall and the American Elections underway. Along with OPEC production cuts and healthy company numbers, (both discussed below) the market is clearly disjointed. The tenor of discussions in the business pages and networks lately suggests that Yeats was right, and the centre cannot [...]
Crude Investing News reports oil has fallen in value after the troubled US Financial markets and its bail-out plan. Another rough day for investors this Monday. As it became clear that the American House of Representatives would reject the authorization law for the executive’s US$700 billion financial sector bailout plan, commodities began to tank. Oil futures [...]