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Metals &Mining Alert:Daily prices and news,OPEC oil output at record level

Pubdate:2017-07-17 11:25 Source: Click: times

Industrials (/lb): aluminum $0.79(+1.2%), copper $2.70(+3.3%), lead $1.05(+2.2%), molybdenum $6.80(+0.0%); nickel $5.28(+1.6%); zinc $1.25(+3.7%);Precious (/oz): gold $1,170(-0.6%), silver $16.76(+0.1%); Steel (/mt): ChinaHRC $541(+0.0%), SHFE Rebar $457(+0.5%), MB Scrap Index $264(+0.0%);Bulks: iron ore (/dmt) $79(+2.2%), coking coal (/mt) $299(-0.3%), freight (BCI)2,137(-2.6%); Energy: Brent (/bbl) $54.90(+0.8%), WTI (/bbl) $51.79(+0.2%),natural gas (/mmBtu) $3.65(+6.3%), thermal coal (/t) $87(-0.7%).OPEC oil output hits record high of 34.2mbpd (+370kbpd MoM) in Novemberdriven by higher volumes from Iraq, Nigeria and Libya, per Reuters survey.Existing production rate is 1.69mbpd above the 32.50mbpd production targetagreed last week to be implemented from 2017. (Reuters)

China property indicators decrease post government measures to controlspeculative buying. Floor space sales of new apartments in top-30cities andresidential floor space for top-52cities fell 10.5% and 21% MoM, respectively,in Nov. Prices rose in 55cities out of 70in Oct (vs. 60in Sep). (SBB)

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