China's finished steel exports increased in June from a year earlier and continued to rise on a month-on-month basis, according to preliminary Chinese customs data. The country shipped 6.94 million tonnes of finished steel abroad last month, up 1.9% from 6.81 million tonnes a year earlier, the country's customs agency said on Friday July 13. Last month's shipments are also 0.9% higher...Read More
The arbitrage for copper, aluminium, zinc and nickel imported into China on Friday July 13* Copper -$61.77 (-412.93 yuan) Aluminium -$417.28 (-2,789.42 yuan) Zinc $39.73 (265.61 yuan) Nickel -$118.91 (-794.88 yuan) *Metal Bulletin calculates the physical arbitrage for import...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Raw materialsTurkish steel producers resumed scrap bookings in the deep-sea markets for August deliveries, with prices falling through the week.UK ferrous scrap prices for deliveries in July have mostly gone up after a jump in prices to Europe's key export destination of Turkey in June, trade sources to...Read More
Germany's independent competition authority, Deutsches Bundeskartellamt (German Federal Cartel Office), has imposed fines totaling ?,?205 million ($239 million) on "six special steel companies, a trade association and ten individuals" for fixing prices, it said."For years, the companies have coordinated on important price components for the sale of special steel," Bundeskartellamt president Andrea...Read More
China's finished steel exports increased in June from a year earlier and continued to rise on a month-on-month basis, according to preliminary Chinese customs data. The country shipped 6.94 million tonnes of finished steel abroad last month, up 1.9% from 6.81 million tonnes a year earlier, the country's customs agency said on Friday July 13. Last month's shipments are also 0.9% higher...Read More
Today Lead Calls – Lead Buy Call b9c given at price 146.90 Achieved 2nd Target 148.80. CMP 150.15. Total profit of 2 Points per lotb9c : Lead Calls - BUY Mcx Lead Jul at CMP 146.90 for Target 147.90 - 148.80 with SL below price 145.50 Read More
Aluminium Today Tips – Aluminium Sell Call b84 given at 142.30 Achieved 1st 140.90 & 2nd Target 140. Made 139.35 today. Total profit of 2.30 Points / Rs 11500 per lotTIPS ID b84 : Aluminium Tips Today - SELL Aluminium Jul at CMP 142.30 for Target 140.90 - 140 with SL Above price 143.60 Read More
Lead Trading – Lead Buy Call b9c given at price 146.90 Achieved 1st target 147.90. CMP 148.45. Total profit of 1.55 Points per lotb9c : Lead Calls - BUY Mcx Lead Jul at CMP 146.90 for Target 147.90 - 148.80 with SL below price 145.50 Read More
Once again concerns about the escalation of the current trade dispute becoming a global trade war have raised and ratcheted up the uncertainty factor which has created a stronger dollar. However, much more importantly it has motivated traders to accumulate long positions in gold. Gold futures basis the most active August contract is currently trading at $1,246.70, is a net gain of $2.20 on the day...Read More
World Market Economical Data : 12/07/2018Unemployment Claims: Prior 231K Exptd 226K Actual 214K >>Negative for BullionsCPI m/m: Prior 0.2% Exptd 0.2% Actual 0.1% Core CPI m/m: Prior 0.2% Exptd 0.2% Actual 0.2% >> Negative for base metals Read More
NEW YORK (Reuters) - The U.S. dollar held steady at a six-month high against the Japanese yen and a two-month high against the Swiss franc on Thursday, bolstered by solid inflation data and investor sentiment that the greenback stands to benefit from a trade war.The yen and the Swiss franc are favoured as safe-haven investments. But against the dollar, both have weakened in the past week as trade...Read More
Lead Calls – BUY Mcx Lead Jul at CMP 146.90 for Target 147.90 – 148.80 with SL below price 145.50 Read More
Zinc Today Level – Zinc BUY Call b95 given at price 175.50 Achieved 1st target 178. CMP 178.20. Total profit of 2.7 Points / Rs 13500 per lotTIPS ID b95 : Mcx Zinc Carry Call - BUY Zinc at CMP 175.50 Add more at price 174 with SL 173 for Target 178 - 179.20 Read More
(Reuters) - A top Federal Reserve official said on Thursday that a faster rate of inflation would convince him to back two more interest-rate hikes this year, but there is no reason to jump to that conclusion in part because of the risk of inverting the U.S. Treasury yield curve.The Fed has already hiked rates twice in 2018 and a third is widely expected. “I am open to a fourth increase this...Read More
Tips for nickel – BUY Nickel at CMP 977.1 for Target 984 – 990 with SMALL SL 969 Read More
Today ZInc – Zinc Carry BUY Call b95 given at price 175.50 CMP 177.40. Low risk taker book 1.9 Points per lot / Rs 9500 per lotb95 : Mcx Zinc Carry Call - BUY Zinc at CMP 175.50 Add more at price 174 with SL 173 for Target 178 - 179.20 Read More
Mcx Aluminium Trading – Aluminium SELL Call b84 given at 142.30 Achieved 1st Target 140.90. CMP 140.60. Total profit of 1.7 Points per lotb84 : Aluminium Tips Today - SELL Aluminium Jul at CMP 142.30 for Target 140.90 - 140 with SL Above price 143.60 Read More
Mcx Zinc Carry Call – BUY Zinc at CMP 175.50 Add more at price 174 with SL 173 for Target 178 – 179.20 Read More
Today LME Stock Data : Metal LME Today : 12/07/2018Aluminium : +14075 MTCopper : – 2725 MTLead : – 600 MTNickel : +510 MTTin : – 10 MTZinc : -3550 MT Read More
(Kitco News) - Gold and silver prices are firmer in early-afternoon U.S. dealings Thursday. Some short covering in the futures market is featured, following recent selling pressure. Still, buying interest remains squelched by a solid rally in world stock markets today and a generally “risk-on” trading mentality in the marketplace recently. Silver prices fell to a 12-month low overnight...Read More