Summary: DME Auctions was launched in 2016 in a bid to provide a transparent spot commodity
auction system for the first time in Mideast
On June 2, 2017, the Tianjin Precious Metals Exchange announced that it will adjust its spot commodity
trading business in order to reduce trading risks.
NASDAQ: YIN) has agreed to acquire 100% equity interest in China-based online spot commodity
trading services provider Gold Master Company Ltd, the company said.
Also, a new spot commodity
platform on mainland China will begin testing in the fourth quarter, Charles Li, chief executive of Hong Kong Exchanges & Clearing's (HKEX), told a results presentation.
Slashing capital expenditure and even cutting its dividend to zero are not sufficient for BHP to realistically retain a 'solid A' credit rating, if spot commodity
prices and currencies persist," said Knights, who's the top ranked analyst covering BHP's London shares according to Bloomberg data.
Glencore said it will generate more than $2 billion of annual free cash flow at current spot commodity
prices and that it will remain comfortably free cash flow positive even at materially lower prices.
The news is a significant show of support for the first spot commodity
auction system in the Middle East.
The spot commodity
exchange never declared any member as defaulter despite repeated instances of defaults, which is also one of the main reasons for the present crisis, sources added.
Financial Technologies will use the proceeds to repay debt after regulators shut down a spot commodity
exchange it ran in India.
1m and show an Internal Rate of Return of ~100% with current spot commodity
The CRB spot commodity
prices index is a measly 3% down from its peak, the high yield spread has opened up a little and the dollar, in trade weighted terms, has barely moved.
The overall spot commodity
price index (published by the Commodity Research Bureau) peaked between May and July 2008 and has greatly retreated since then.