Equity index futures were higher this morning. S&P 500 futures were up 11 points in pre-opening trade. Futures were buoyed by news that China added monetary stimulus to its economy.Alphabet jumped $55.95 to $1265.13 after reporting higher than consensus second quarter revenues and earnings. Stifel Nicolaus and Susquehanna raised their target price on the stock. United Technologies dipped $0.87...Read More
More aggressive inspections of scrap at Vietnamese ports have sparked concern among US sellers to West Coast docks and US scrap traders, as material may flow to other Asian markets or even be shipped back to the United States, market participants said. ...Read More
Metal Bulletin is proposing the launch of a new 62% Fe iron ore fines index that will provide a more representative reflection of the typical specification profile of Brazil-origin mid-grade fines.The daily spot index for Brazil-origin iron ore fines will be based on a content specification of 62% iron, 1.5% alumina and 5% silica. It will appear on the MBIOI website as MBIOI-62-BZ.The new Metal Bu...Read More
The Turkish steel producers went quiet again in the deep-sea scrap markets after booking a number of deep-sea cargoes late last week and at the beginning of this week, sources said on Tuesday July 24....Read More
Trading activity in the seaborne coking coal spot market appears to have thinned, while Chinese participants wonder whether a price floor has been reached. ...Read More
Seaborne iron ore transactions calmed on Tuesday July 24 amid mixed futures and steel market performances in China, as well as blast furnace restrictions in the country's steelmaking hub....Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. ...Read More
China's hot-rolled coil prices retreated on Tuesday July 24 after trading activity fell in the wake of increases a day earlier, sources said....Read More
China's domestic rebar prices continued to rise on Tuesday July 24 amid some optimism among sellers about demand. ...Read More
Aluminium prices on the London Metal Exchange moved higher during morning trading on Tuesday July 24, after a fresh cancelation exceeding 50,000 tonnes resulted in total on-warrant stock falling by more than 8% this week.Edging 1.2% higher over the morning, the LME's three-month aluminium price pushed back over $2,100 per tonne for the first time in two weeks. Buoyed by volatile spread movements o...Read More
The arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday July 24*...Read More
Metal Bulletin has amended its Rotterdam tellurium price specification to make sure the specifications are more closely aligned to existing market conditions. Following a month-long market consultation, the Rotterdam tellurium price has been refined to only include material between 99.9% and 99.99% tellurium.An internal analysis of the pricing information collected and extensive market feedback ha...Read More
Cobalt prices, investment opportunities, subsidies for electric vehicles (EVs) and substitution risk were hot topics at Antaike's Battery Materials Conference in Shaoxing, China last week.Metal Bulletin rounds up some of the key things we learned at the event. It's all about EV subsidy policies China's EV subsidy policy drives the pace and direction of adoption; as of this year, the government's s...Read More
Three-month base metals prices on the London Metal Exchange were mixed on the morning of Tuesday July 24; while copper prices were up by 0.4% at $6,154 per tonne, aluminium and tin prices were down by 0.4% and the rest were little changed. Volume has, however, been above average - some 13,479 lots had traded across the complex as at 8.05am London time.Gold and silver prices were a little weaker, w...Read More
Metal Bulletin launched an all-in price assessment for cobalt sulfate, 20.5% min Co, ex-works China, on a yuan-per-tonne basis on Friday July 20.After a consultation period, Metal Bulletin has launched an all-in price assessment for Chinese cobalt sulfate on a yuan per tonne basis in addition to its existing price assessment for cobalt sulfate, 20.5% min Co, ex-works China, published as a $ per lb...Read More
China has launched an anti-dumping investigation into imports of stainless steel billet and slab, as well as stainless hot-rolled plate and coil produced in the European Union, Japan, South Korea and Indonesia, according to a notice by the country's Ministry of Commerce on Monday July 23. The period being investigated is the whole of 2017 while timeframe being probed to determine industrial damage...Read More
Nickel Mcx – Nickel SELL Call c5a given at price 933.50 Achieved 1st Target 925. CMP 923. Total profit of 10.5 Points per lotCALL ID c5a :Nickel Tips - SELL Nickel Aug at CMP 933.50 for Target 925 - 920 with SL Above price 942.50 Read More
Nickel Mcx – Sell Nickel Aug Call c5a given at price 933.50. CMP 929. Low risk taker book small profit of 4.5 Points per lotCALL ID c5a :Nickel Tips - SELL Nickel Aug at CMP 933.50 for Target 925 - 920 with SL Above price 942.50 Read More
Zinc Trading Calls – Mcx Zinc Jul Sell call c57 given at price 180.25 (179.85+180.60) Achieved 1st Target 178.20 & 2nd Target 177.50. (CMP 177.60) Total profit of 2.65 x 2 lot = 5.30 (Rs 26500)TIPS ID c57 :FREE ZINC CALLS TODAY Zinc Calls - SELL Zinc Jul at CMP 179.85 Add more at price 180.60 with SL Above 181.20 for Target 178.20 - 177.50 Read More
Tips Zinc – Zinc Aug Mcx Sell call c5e given at price 180.05 Achieved 1st 179 & 2nd Target 178. CMP 177.90. profit of 2.05 Points per lotCALL ID c5e :Zinc Calls Online - SELL Zinc Aug at CMP 180.05 for Target 179 - 178 with SL Above price 181.60 Read More