Prices on the Comex division of the New York Mercantile Exchange rose during the reporting timeframe.
FORBES: FOCUS: Speculators Mostly Return As Buyers To Metals -- CFTC Data
Prices on the Comex division of the New York Mercantile Exchange fell for precious metals during the reporting timeframe.
FORBES: FOCUS: Speculators Cut Bullish Gold, Silver Positions -- CFTC Data
The flat carbon steel Europe division saw average steel selling prices down by about 14%, whereas steel shipments slumped 9% to 7.14 million tons.
FORBES: ArcelorMittal Can Reach $18 With A Slow Recovery Intact
However, 8% decline in average realized prices led to a decline in EBITDA from this division.
FORBES: ArcelorMittal Can Reach $18 With A Slow Recovery Intact
Its marketing and trading division then resold that power at higher prices downstream.
Investors should expect depressed results, mostly impacted by lower iron ore prices and a lack of contribution from its base metal division, which should remain in the red.
Shell said that it saw stronger margins in its oil refining division, but these were outweighed by lower crude prices during the quarter.
The central bank action has reignited the inflation debate, which is going to be the next catalyst for higher gold prices, said Ira Epstein, director of the Ira Epstein division of The Linn Group.
"Conditions are very different from last year, when you had all the European issues around this time, but the way markets are reacting to economic data suggests prices are a bit frothy, " said Macquarie Private Wealth division director Martin Lakos.
Usually the act of spinning off a division to shareholders boosts both the parent and spinco stock prices.
Ira Epstein, director of the Ira Epstein division of The Linn Group, who said he sees prices for gold rising, said the rising tensions can be price-supportive.
Ira Epstein, director of the Ira Epstein division of The Linn Group, said he expects gold prices to move sideways next week, too, but that the long-term outlook is up.
FORBES: METALS OUTLOOK: Gold Could Stabilize Next Week, But Analysts Cautious
One group now sets prices for the whole company, a job that used to be done by each division.
"This action drove up e-book prices virtually overnight, " said Sharis Pozen, head of the DOJ's antitrust division, at a news conference on Wednesday.
The recent drop in metals prices sent speculators scurrying from bullish gold and silver futures and options traded on the Comex division of the New York Mercantile Exchange, according to U.S. government data.
FORBES: Speculators Slash Gold, Silver Futures, Options Positions -- CFTC
应用推荐