Southwest Gas agrees to customer rebate Nov 21, 2009
Natural gas is a global commodity and is subject to the price swings of the spot market. The amount collected by Southwest Gas was less than what would have triggered the commission to order a rate reduction, but both the ACC and the company felt the adjustment was warranted. (Phoenix Business Journal, AZ)
E.ON Boosts Short-Term Gas Trading as Surging Oil Lifts Contract Prices Nov 19, 2009
E.ON can access the spot market and turn down the long- term contracts to minimum bill, , managing director of consultant Gas Market Insights Ltd., said today at an interview in Barcelona. And theres an opportunity for the large end-consumers to engage in the spot market as well, adding pressure on the larger utilities, he said ... Wood Mackenzie Consultants Ltd. forecast the European oil- linked contract rate will be 50 percent more expensive through the course of next year than gas... (Bloomberg -- Germany)
Brazilian Finance Ministry Says Valor Story on Mantega Included a `Lie' Nov 18, 2009
According to Valors Nov. 13 story, Mantega disclosed the information in an Oct. 6, 2008 interview, which prompted traders to bet against the real and forced policy makers to sell dollars in the spot market. who disclosed some details to Valor about how policy makers managed the global crisis, stepped down yesterday as the central banks director of monetary policy. (Bloomberg -- Latin America)
More farm products in early delivery system Nov 17, 2009
This is being done to enc 00004000 ourage more spot market participants to use the Rs 25,000-crore turnover a day local futures market to hedge their price risk and volatility. We will shortly consider the extension of this scheme (early delivery) to other commodities, said BC Khatua, chairman of Forward Markets Commission (FMC) the body which regulates the commodity market. (India Times)
Metals prices push Asian stocks higher Nov 16, 2009
3 per cent, the most since April 1, according to Dramexchange Technology, operator of Asia's biggest spot market for semiconductors. Join the conversation. (Sydney Morning Herald -- Business)
Awaiting next bubble's burst Nov 12, 2009
40 per ounce on the spot market. While this widespread rally is a relief to investors and has some fundamental underpinnings - the economy did grow 3. (San Francisco Chronicle -- Business)
Trico Reports Third Quarter Results -- Strength Continues in Subsea Services Businesses as Company Dramatically Improves Balance Sheet Nov 5, 2009
For the Towing and Supply segment, day rates and utilization reflect the weakness in West Africa and North Sea spot markets ... In addition, the Company has targeted additional vessels for sale, as the Company continues to seek ways to reduce its exposure to the North Sea spot market Towing and Supply sector. (Primezone Releases)
Papa John's 3Q Profit Rises on Acquisition Nov 4, 2009
BIBP purchases cheese at the spot market price and sells it to restaurants at a fixed quarterly price. Excluding one-time items, adjusted profit of 30 cents per share beat a 26-cent-per-share consensus prediction of analysts polled by Thomson Reuters. (ABC News -- Wire)
Gold futures hit new high on IMF sale Nov 3, 2009
Gold rose half a percent in the spot market to $1,064. 55 an ounce. (India Times)
Gold Advances, Nearing Record, as Dollar Decline Fuels Investment Demand Nov 3, 2009
This is positive for the gold market, as bilateral sales which avoid the open spot market will avoid adding to marginal physical supply, said , a commodity strategist with Standard Chartered Bank in Hong Kong. Gold for immediate delivery rose as much as 0. (Bloomberg -- Australia & New Zealand)
Some airlines increase holiday travel surcharge Nov 3, 2009
09 a gallon on the spot market, 7 cents a gallon below last year's record high average price of $2. 16. (USA Today -- Money)
Jindalee shareholders to reap a Chinese pay-off Nov 2, 2009
And since then, BHP Billiton's ore skip mishap at its Olympic Dam copper/uranium/gold mine, also in SA's outback, has helped fuel renewed fund buying of uranium on the (limited) spot market, pushing prices up to the $US49. 50 a pound level. (Sydney Morning Herald -- Business)
* Macronix income at eight-year high Oct 30, 2009
Separately, DRAMeXchange Technology Inc (), operator of Asias biggest spot market for semiconductors, confirmed yesterday that it sold a 10 percent stake to United Microelectronics Corp (UMC, pq), the worlds second-largest contract chipmaker. In a press release, the research institutes chairman, Liu Chung-laung (B), said the 10 percent stake was sold to a UMC venture capital subsidiary, adding that the deal showed that the market intelligence company had gained increased... (Taipei Times, Taiwan -- World)
Sandalwood grower expands Indian market Oct 30, 2009
85 million) a tonne on the legal spot market, TFS is throwing its efforts into its 2,500 hectare Indian sandalwood properties in the Kimberley region of WA.. It was oil from the santalum album species that TFS on Wednesday agreed to sell to Texas-based biotechnology firm ViroXis under a multi-million-dollar deal. (Sydney Morning Herald -- Business)
Teck Reports Third Quarter Results for 2009 Oct 29, 2009
7 million tonnes sold at prevailing spot market prices. The decrease in unit cost of product sold for the third quarter compared with the same quarter in 2008 primarily reflects lower strip ratios and reduced diesel fuel prices. (CCNMatthews Press Releases)
Term and Spot Contracts -- Finding a Balance Oct 29, 2009
The European products "cargoes" spot market trades for delivery between 10-25 days from date of trading. The European products "barge" spot market trades for delivery between 3-15 days from date of trading ... Fixed premium term contracts are in fact, a form of a hedge contract where the premium of a commodity is fixed, and hence not subject to the movements of the spot market. (Energy Pulse, CO)
OceanaGold Third Quarter 2009 Management Discussion & Analysis Oct 29, 2009
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICE. MELBOURNE, Australia, Oct. 29 /CNW. (Canada Newswire)
Vale's Profit Beats Estimates as Recovery Spurs Rising Iron-Ore Demand Oct 29, 2009
Chinese steelmakers, which didnt settle contract prices with iron-ore suppliers and who are buying on the spot market, are now seeking a new united price system for 2010, involving elements of both spot and contract prices, the Peoples Daily Online reported Oct. 27. We expect the demand for imported iron ore into China to remain strong due the steel demand fundamentals and the lack of competitiveness of local iron ore production, Vale said. (Bloomberg -- Latin America)
Turmeric shoots up due to shortage Oct 24, 2009
Prices in spot market also edged higher on production concerns and low carryforward stocks ... Even spot market at Nizamabad, price was 1. (India Times)
RIL paying $9 for buying spot LNG Oct 21, 2009
NEW DELHI: Reliance Industries, the operator of India's biggest gas field, today said it is paying over USD nine for buying liquefied natural gas from spot market as the government has not allowed use of fuel pumped by it for captive use, a company official said ... Reliance Industries, the operator of India's biggest gas field, today said it is paying over USD nine for buying liquefied natural gas from spot market as the government has not allowed use of fuel pumped by it for captive use, a... (India Times)
Toshiba Shares Advance on CLSA `Buy' Rating, SanDisk's Earnings Outlook Oct 21, 2009
Average of NAND flash memory chips more than doubled this year, trading 168 percent higher yesterday, according to Dramexchange Technology Inc., operator of Asias biggest spot market for semiconductors. Prices dropped 62 percent in 2008. (Bloomberg -- Japan)
Wheat futures hit upper limit Oct 21, 2009
NEW DELHI: Wheat futures climbed 4 per cent to hit the upper limit on the Multi Commodity Exchange today on the back of cover 00004000 ing-up of short positions by traders amid good demand in the spot market ... Analysts said besides covering-up of short positions, firming trend in wheat at spot markets following demand against tight supply mainly pushed up wheat prices at futures market ... Wheat futures climbed 4 per cent to hit the upper limit on the Multi Commodity Exchange today on the back... (India Times)
Asian shares extend bull run Oct 20, 2009
60 an ounce in the spot market, just shy of a record $US1070. 40 hit last week. (Sydney Morning Herald -- Business)
Global stocks at 1-year high, bulls on parade Oct 20, 2009
50 an ounce in the spot market, just shy of a record $1,070. 40 hit last week. (India Times)
Colombia Bonds Gain on Bets Central Bank Will Cut Rates to Stem Peso Rally Oct 19, 2009
5 percent and announce plans to buy dollars in the spot market, he said. Yields on Colombias 11 percent bonds due in July 2020 fell 11 basis points, or 0. (Bloomberg -- Latin America)
China defiant ahead of iron ore talks Oct 17, 2009
Others have been buying from the spot market, often at higher prices. EDITORS CHOICE. (FT.com -- Markets)
China seeks to set ore prices, replace benchmark Oct 17, 2009
It boycotted this year's agreement between major suppliers and Japanese and Korean steel mills on a 33 percent cut, instead buying a large share of its iron ore on the spot market ... CISA earlier had complained that spot market purchases by steel mills had undermined its negotiating position versus the miners and contributed to a glut of supply ... Spot market prices surged in the summer but have since fallen sharply. (Business Report, South Africa)
BHP's UMC bid wins a major fan Oct 16, 2009
The decision by BHP Billiton and Rio Tinto to drop a provision of their iron ore joint venture allowing for some joint marketing on the spot market is not a surprise - but the timing is certainly curious. That clause, allowing for up to 15 per cent of production to be marketed together, always seemed like a red herring that would be the first thing to go to appease regulators and customers. (Sydney Morning Herald -- Business)
* Elpida may further raise its stake in Rexchip Electronics Oct 15, 2009
The price of benchmark dynamic random access memory (DRAM) chips more than tripled this year, according to DrameXchange Technology Inc, operator of Asias biggest spot market for semiconductors. The price slumped 62 percent last year. (Taipei Times, Taiwan -- World)
BHP, Rio scrap ore marketing JV Oct 15, 2009
But up to 15 per cent of production, sold to emerging customers, would have marketed jointly on the spot market or via agreements. Reuters, AAP. (Sydney Morning Herald -- Business)
Brazilian Real Strengthens for a Second Straight Day on Share, Debt Sales Oct 15, 2009
The central bank bought dollars in the spot market today at 1 ... The central bank has bought dollars in the spot market every weekday since Oct. 5. (Bloomberg -- Latin America)
Australian Currency Reaches Year-Highs Against Yen, Dollar After Stevens Oct 15, 2009
The Reserve Bank of Australia sold a net A$830 million ($764 million) of its own currency in the spot market in September. The bank in May and June made its biggest net sales since February 2004 when it sold A$1. (Bloomberg -- Australia & New Zealand)
China's export slowdown eases, buoying hopes Oct 14, 2009
In the spot market, the currency traded at 6. 8266 per US dollar, compared with 6. (Sydney Morning Herald -- Business)
Rupee at fresh 1-year highs Oct 14, 2009
The central bank has previously said it buys or sells dollars in the spot market to prevent volatility in the local currency. Dealers said they would watch out for any RBI action to limit the sharp rise in the rupee. (India Times)
Elpida Says It May Raise Rexchip Stake to More Than 70% by End of Year Oct 14, 2009
of benchmark dynamic random access memory, which temporarily holds data and helps computer processors run multiple programs simultaneously, more than tripled this year, according to Dramexchange Technology Inc., operator of Asias biggest spot market for semiconductors. The price slumped 62 percent in 2008. (Bloomberg -- Japan)
Test-Drives in the C-Suite Oct 10, 2009
With clients that include Fox Mobile, Healthways (), Maveron, and Pinkberry, BTG is at the forefront of creating a spot market for executive talent. BTG offered Brown a roster of candidates who could start within two weeks. (BusinessWeek)
Canada's Dollar Touches One-Year High on Speculation Recovery May Quicken Oct 9, 2009
Strong data today and tomorrow will likely see the spot market challenge the C$1. 05 area. (Bloomberg -- Canada)
Asian Stocks Gain as Chip Prices Rise; Samsung Electronics, Zijin Advance Oct 9, 2009
4 percent yesterday to the highest since June 17, 2008, according to Dramexchange Technology Inc., operator of Asias biggest spot market for semiconductors. Samsung added 4. (Bloomberg -- Asia)
Elpida Says Its Taiwan Memory-Chip Venture Turned Profitable Last Quarter Oct 9, 2009
of benchmark dynamic random access memory, which temporarily holds data and helps computer processors run multiple programs simultaneously, rose 86 percent in the quarter, according to Dramexchange Technology Inc., operator of Asias biggest spot market for semiconductors. The prices slumped 62 percent in 2008. (Bloomberg -- Japan)
Elpida May Spend $452 Million to Boost Output of Smaller Semiconductors Oct 8, 2009
of benchmark dynamic random access memory, or DRAM, which temporarily holds data and helps computer processors run multiple programs simultaneously, have almost tripled this year after falling 62 percent in 2008, according to Dramexchange Technology Inc., operator of Asias biggest spot market for semiconductors. For Related News and Information: Elpidas earnings: 6665 JT TCNI ERN Stories on the chip industry: NI SEM Stories on technology in Japan: TNI JAPAN TEC ... (Bloomberg -- Japan)
Do you expect the rupee to strengthen further? Oct 8, 2009
Banks bought dollars in the NDF market where they were cheaper and sold them in the spot market where they fetched a higher price. One-month offshore non-deliverable forward contracts were quoted at 46. (India Times)
Alcoa surprise sets the ball rolling Oct 8, 2009
In the past, when BHP has not been able to meet production quotas at Olympic Dam, it has been forced to buy uranium on the spot market to ensure deliveries. Depending on the length - which Goldman Sachs JBWere said could be six months if the ore skip fell down the shaft - the outage could have a substantial effect on the thinly traded uranium spot market, and so the price of yellowcake. (Sydney Morning Herald -- Business)
Gov.: Dont transfer uranium Oct 7, 2009
Planned expansions and future operations that will provide long-term, high-paying jobs to Wyoming miners will be postponed or lost if the department continues to drive down the price of uranium through the releases that have been announced, Freudenthal wrote, adding that the spot market price of uranium has fallen by about 20 percent since the departments first announcement. The argument is that federal law requires any Department of Energy sale or transfer to not impact the domestic fuel... (Gillette News-Record, WY)
Gas heat bills to fall by 13 percent Oct 7, 2009
National Grid cites a decline in the wholesale price. By , Business writer First published in print: Wednesday, October 7, 2009. (Albany Times Union)
Samsung Third-Quarter Earnings More Than Double, Exceed Analyst Estimates Oct 6, 2009
Prices of the benchmark DRAM chip, which temporarily holds data and helps computer processors run multiple programs simultaneously, have almost tripled this year after falling 62 percent in 2008, according to , operator of Asias biggest spot market for semiconductors. Profit from the chip business probably increased almost fivefold to 960 billion won in the third quarter, according to the Bloomberg survey of analysts. (Bloomberg -- Asia)
ANZ may gain from Standard Chartered's loss Oct 6, 2009
India has enough iron ore to meet its domestic needs and to export some to the Chinese spot market, but it is short of coking coal and is therefore hunting for mines in Australia. Jindal's bid is worth 42c a share, and there is a break fee of $1. (Sydney Morning Herald -- Business)
Timing, financing derailed Hoku Scientific's plans Oct 3, 2009
On the spot market, it was going for $400 per kilogram. Not anymore. (Pacific Business News, HI)
Environmentalist: Edgemont uranium mine not financially feasible Oct 3, 2009
But last spring, Hollenbeck said the 47 to 49 price for uranium on the spot market was well within the range that Powertech needed to make a profit on its project. He said that even at 43 a pound, the price is more than six times higher than the 7 per pound uranium brought in 2003. (Rapid City Journal, SD)
Ghana: Trinidad And Tobago Shows Interest in Ghana's Oil And Gas Industry Oct 2, 2009
About half of the country's natural gas production is converted into liquefied natural gas (LNG) at the Atlantic LNG facility in Trinidad, and exported under long-term contracts and on the spot market. Trinidad and Tobago is the fifth-largest exporter of LNG in the world, and the single largest supplier of LNG to the U.S., providing two-thirds of all LNG imported into the U.S. since 2002. (allAfrica.com)
Vintners suffer hangover from too much wine Oct 2, 2009
"The spot market (for wine grapes) is basically dead," he said. "The wineries will be cutting back their production. And it's not just in the U.S. I just returned from Munich and there is a worldwide wine glut," he said. (MSNBC -- Business)
Power rate hike plan draws fire from residents Oct 1, 2009
According to the latest market quotes, the prices for power on the spot market had dropped, Findley said, and that peak demands had plunged. We, as customers, should be asking for a rate decrease, he said. (Ontario Argus Observer, OR)
Opposing views of proposed mill:Uranium market has little or no room for the Pinon Ridge Mill Sep 30, 2009
The spot market price for yellowcake is 42/lb, less than one-third of the peak price of 137 per pound in mid-2007 when EFR announced its mill plans ... Our costs are higher than the current spot market price, (emphasis added) Denison Mines President told the Telluride Daily Planet in May, 2009, in announcing that Denison's White Mesa Mill would cease regular milling operations and processing of conventional ore, and lay off some workers for the remainder of the year ... 85 per pound while the... (Montrose Daily Press, CO)
It's good on paper Sep 30, 2009
For instance, News Corp. Chairman Rupert Murdoch told investors that the ad spending situation is "getting better every week," while CBS Corp. chief Les Moonves said demand for TV time sold on the spot market is getting stronger ... For instance, News Corp. Chairman Rupert Murdoch told investors that the ad spending situation is "getting better every week," while CBS Corp. chief Les Moonves said demand for TV time sold on the spot market is getting stronger. (New York Post -- Business)
How long will the gold lust last? Sep 24, 2009
When gold sells for less in the spot market than the fixed price, the company books a profit. However, when the price in the spot market spirals beyond what was locked in by the mining company, it loses out on potential gains ... Spending this extra cash is worthwhile because it gives them the freedom once again to sell gold at the spot market rate and enjoy a windfall. (India Times)
Capital Power Files Business Acquisition Report Sep 17, 2009
Consistent with the second quarter results, lower power prices are expected to reduce adjusted EBITDA, excluding fair value adjustments, and cash flow from operations for the remainder of 2009, as approximately 53% of the Company's Alberta commercial portfolio is exposed to the spot market. The remaining 47% has been sold forward at an average price in the mid-$60/MWh range. (PR Newswire)
Familiar ring: Telstra's degrees of separation Sep 17, 2009
But the key message from its head of marketing, Tom Schutte, was that the company is making headway in its five-year quest to move from longer-term benchmark pricing to shorter-term pricing, which encompasses the spot market. Much has been recorded about the failure to set benchmark pricing with major Chinese customers in 2009 and the fact that much has been instead sold on the spot market for mostly higher prices. (Sydney Morning Herald -- Business)
Grocery shopkeepers inflate prices Sep 16, 2009
According to Anjani Sinha, MD and CEO of National Spot Market, the broker charges Rs 10, or 0. 24% on a 50-kg bag of tur from a farmer who sells his produce on the pan-India electronic spot platform. (India Times)
Cardamom price up on festive season Sep 13, 2009
In spot market also prices are above Rs 700 per kg. At the recent auction held at Vandanmettu in Kerala, average price was offered at Rs 735 per kg against Rs 00004000 708 per kg offered at the same auctions held last week ... Prices in the spot market are ruling high by around Rs 100-120 per kg compared to last year. (India Times)
Trico Marine Group Awarded $50 Million in Contracts Sep 10, 2009
In the Company's Towing and Supply division, contract awards include securing term work in Brazil for an anchor handler, reducing Trico's North Sea spot market exposure. Contracts awarded for the Company's Subsea Services and Subsea Protection divisions (primarily DeepOcean and CTC Marine) include the following types of services. (Primezone Releases)
Big miner burns its golden hedges Sep 10, 2009
Gold producers use hedges to lock in cash flow, usually at a lower price to the spot market. With the price of gold on the rise, Barrick has decided to cut its losses rather than wear any more pain to its share price. (Sydney Morning Herald -- Business)
Asian Stocks Rise on Australian Business Confidence, Computer Chip Prices Sep 8, 2009
71 yesterday, from as low as 58 cents in December, according to Dramexchange Technology Inc., operator of Asias biggest spot market for the chips. Elpida rose 5. (Bloomberg -- Asia)
Asian stocks gain on economic hopes Sep 7, 2009
Gold in the spot market was down 0. 2 per cent to $US991. (Sydney Morning Herald -- Business)
The crash in the spot price of iron ore could revive the spat between iron ore miners and China. Sep 5, 2009
BHP Billiton and Rio Tinto are not selling much iron ore on the Chinese spot market these days ... The situation has changed so dramatically in the last fortnight that higher-cost producers in India that typically sell on the spot market are mulling cuts to output. (Sydney Morning Herald -- Business)
Rio Tinto Selling Iron Ore to China at Interim Price as Talks in Stalemate Sep 4, 2009
It sold 50 percent of its iron ore on the so-called spot market in the first quarter of the year. The majority of the ore that were currently shipping is against contracted tons and against the provisional settlement, Walsh told reporters after a conference organized by the Committee for Economic Development of Australia. (Bloomberg -- Australia & New Zealand)
SAIL, Tata Steel up prices Sep 3, 2009
"Tata Steel has increased prices of its flat steel products by 3-4 per cent in the spot market in line with the firming of demand," a company spokesperson said. The increase in rupee terms hovers in the range of Rs 1,250-1,500 per tonne depending on the grade and type of the product. (India Times, India -- Intl Business)
AK Steel Announces Price Increases For Carbon Steel Products Sep 2, 2009
WEST CHESTER, Ohio, Sept. 1 /PRNewswire-FirstCall/ -- AK Steel (NYSE: ) said today that it will increase spot market prices for its carbon steel products, effective with all new orders. Base prices for hot rolled products will increase by $40 per ton. (PR Newswire)
China expansion goes on Sep 2, 2009
China's iron ore spot market has followed a similar path. An iron ore trader yesterday said he was offering 63 per cent Indian iron ore in Tangshan at $US85 a tonne, down from $109 in mid-August. (Sydney Morning Herald -- Business)
Enseco Energy Services Corp. Announces Results for the Three Months Ended June 30, 2009 Sep 1, 2009
Accordingly, these factors have eroded oilfield services activity levels for a third consecutive quarter as evidenced by minimal spot market opportunities, pricing declines and low equipment utilization. At the end of the quarter these conditions persist as the fundamentals for natural gas continue to show weakness through record high storage levels in Canada and the United States. (CCNMatthews Press Releases)
Spices open steady, jeera trades up Sep 1, 2009
Turmeric futures were steady as profit-taking driven by rains in growing areas offset thin stocks and a firm spot market, where demand improved due to festivals, analysts said. At the end of June, trade estimates put stocks in the country at 1. (India Times)
Exchange-traded contracts are preferred the world over Aug 31, 2009
This meant that the settlement price of the futures contract used to get affected even by the yield changes in the cash market in other parts of the yield curve, and this led to a break down of the correlation between futures price and the spot market price of the 10-year bond. This time, the settlement of the futures is delivery based and hence, the market will hopefully mimic the futures price with the movement in the spot prices of those bonds which are eligible for delivery. (India Times)
Sugar prices climb again Aug 28, 2009
Festivals are also lined up next month, said a trader based in Vashi spot market. Wholesale traders stock up on food articles in the last and first week of the month to prepare for purchases by salaried middle class, who buy in the first two weeks of the month after receiving wages. (India Times)
Macarthur Coal's Second-Half Profit Gains 4% on Higher Spot Market Sales Aug 26, 2009
We were able to procure substantial spot market sales of both thermal and pulverized coal to non-traditional customers during the second half of the year, Chief Executive Officer said in the statement. Macarthur, which sold A$252 million in new shares in June to fund expansion, is in talks to agree its first long-term sales contract in China, the worlds biggest steel producer. (Bloomberg -- Australia & New Zealand)
Chinese demand propels Macarthur profit Aug 26, 2009
Sales to non-traditional coal buyers, referring to spot market sales into China, jumped from 9 per cent in 2008 to 33 per cent in 2009, and made up a whopping 55 per cent in the six months to June 30. However, the market is unsure over how long China can sustain recent buying of Australian coal, which has been on the spot market rather than through long-term contract sales. (Sydney Morning Herald -- Business)
Fertilizer Price Forecast: Still Climbing (21) Aug 25, 2009
If disruptions in the manufacture or distribution of these fertilizers materialize, then the probability of spot market price spikes increases. More than 90 percent of the potash fertilizer used in the U.S. is imported, the bulk of it from Canada but also some from Russia and the Congo. (Agri-View, WI)
Black pepper up 7 per cent Aug 23, 2009
Prices in the spot market also moved up by almost 9% closing at Rs 15,585 per quintal against previous week. The narrowing of price gap between Indian prices and that of other countries that export pepper is also shifting demand to India. (India Times)
Rio Tinto half year profit slumps 65% Aug 20, 2009
About half of the iron ore that Rio Tinto produced in the first six months of 2009 was sold on a spot market basis. Net earnings from copper and diamonds fell to $US472 million ($A569. (Sydney Morning Herald -- Business)
Chevron makes major WA gas find Aug 19, 2009
Previously, only small cargoes had been sold to India, on the spot market. The three Gorgon joint venture partners are marketing LNG from the project separately. (Sydney Morning Herald -- Business)
Asian competitors shadow German solar industry Aug 18, 2009
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A souring relationship Aug 18, 2009
China is also entitled to buy exclusively from the spot market. It may be that China has other motives for its pursuit of Rio. (The Economist)
Twiggy's agreement with China raises questions of control Aug 18, 2009
In the meantime, Chinese steel mills have been buying iron ore on the spot market at prices 70 per cent higher than the price offered by Rio Tinto and backed by BHP and the Brazilian giant Vale. This has done little to enhance the battered reputation of CISA's head, Shan Shanghua. (Sydney Morning Herald -- Business)
Door-knocking number crunchers had the lowdown for negotiating Aug 17, 2009
Rio only had to glance at its own order books or the iron ore spot market to understand that demand had fallen through the floor. Its challenge was to efficiently collate public data and form a view on leading indicators such as lending growth and floor space under construction. (Sydney Morning Herald -- Business)
Chana down on govt curbs Aug 17, 2009
MUMBAI: India's chana futures opened lower on Monday on expectations of government intervention in spot market to check prices, but scanty rains and firm prices of kharif pulses limited the losses, analysts said ... Chana futures open lower on expectations of govt intervention in spot market to check prices. (India Times)
China claims iron ore victory, but war rages on Aug 17, 2009
Without the incentive of much-needed funding, the dominant three miners Rio Tinto, BHP Billiton and Brazils Vale may not be so eager to close that small price gap, especially with spot market prices having surged by 50 per cent since the benchmark was agreed. Fortescue's output is expected to ramp up to 95 million tonnes in 2010, CISA's secretary general Shan Shanghua said - equivalent to a mere two months of China's import demand. (Sydney Morning Herald -- Business)
China freezes talks on ore price Aug 15, 2009
" Jia said China, through CISA, might not officially agree to any benchmark price this year but that would have no impact on the actual market. The de facto benchmark contract deals are being led by China's largest state-owned mills despite renewed official directives to present a united negotiating front and deep industry anxiety over reports that steel mill executives are being investigated for their dealings with Rio Tinto's Stern Hu. "All the major steel companies are paying the Japanese... (Sydney Morning Herald -- Business)
Wine grape harvest begins under economic cloud Aug 15, 2009
Prices on the spot market for premium grapes have dropped ... Where the economy is having a big impact is the spot market - sales of grapes not committed to contract. (Fresno Bee)
Archives: Spot Market
