SHANGHAI, Jun 6 (SMM) – Nonferrous metals rose across the board on Wednesday June 6 with SHFE nickel leading the gains with a rise of nearly 2%. Copper jumped 1.96%, zinc grew almost 1.9%, aluminium and lead rose over 1%, and tin inched up. The ferrous complex also soared as rebar led the gains and closed nearly 2% higher. Iron ore went over 1.8% higher, and hot-rolled coil rose over 1%...Read More
SHANGHAI, Jun 6 (SMM) – To ease concerns of shortages of charging stations, Guangdong Power Grid will invest 2.7 billion yuan to build over 10,000 charging points across the province by the end of 2020, Chinanews reported on Tuesday June 5.The company will also work with the Guangdong Provincial Communication Group to develop charging infrastructure along expressways across th...Read More
SHANGHAI, Jun 6 (SMM) – To ease concerns of shortages of charging stations, Guangdong Power Grid will invest 2.7 billion yuan to build over 10,000 charging points across the province by the end of 2020, Chinanews reported on Tuesday June 5.The company will also work with the Guangdong Provincial Communication Group to develop charging infrastructure along expressways across th...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points in pre-opening trade.Index futures were virtually unchanged following release of the April U.S. Trade Deficit report at 8:30 AM EDT. Consensus was $50.0 billion versus $49 billion in March. Actual was $46.2 billion.The Canadian Dollar was unchanged at U.S. 76.66 cents following release of Canada's April Mercha...Read More
SHANGHAI, Jun 6 (SMM) – Spot copper was mostly offered at a discount of 60 yuan/mt to flat over the SHFE 1806 contract in the Shanghai market on Wednesday June 6. This compared with a discount of 30 yuan/mt to a premium of 30 yuan/mt on Tuesday June 5.The SHFE 1806 contract traded robustly this morning. It gained over 700 yuan/mt from the previous day to close at 52,580 yuan/mt in the mornin...Read More
SHANGHAI, Jun 6 (SMM) –Copper: Trading levels of copper prices climbed up as the US dollar weakened and as the worries over supply from the Escondida labour negotiation sustained. The SHFE 1807 and 1808 contracts surged overnight and are expected to extend their gains today. We see LME copper trading at $7,100-7,160/mt today with the most traded SHFE contract at 52,800-53,300 yuan/mt. A...Read More
SHANGHAI, Jun 6 (SMM) – To ease concerns of shortages of charging stations, Guangdong Power Grid will invest 2.7 billion yuan to build over 10,000 charging points across the province by the end of 2020, Chinanews reported on Tuesday June 5.The company will also work with the Guangdong Provincial Communication Group to develop charging infrastructure along expressways across th...Read More
SHANGHAI, Jun 6 (SMM) –Copper: Trading levels of copper prices climbed up as the US dollar weakened and as the worries over supply from the Escondida labour negotiation sustained. The SHFE 1807 and 1808 contracts surged overnight and are expected to extend their gains today. We see LME copper trading at $7,100-7,160/mt today with the most traded SHFE contract at 52,800-53,300 yuan/mt. A...Read More
SHANGHAI, Jun 6 (SMM) – Production at Baiyin Nonferrous Group's three zinc smelters resumed operation as of Wednesday June 6 after maintenance, SMM learned. Maintenance began from the start of May to early June, and affected zinc output of over 10,000 mt. All production lines of the Group's zinc smelters will maintain normal production in the near term.Baiyin...Read More
SHANGHAI, Jun 6 (SMM) –Copper: Trading levels of copper prices climbed up as the US dollar weakened and as the worries over supply from the Escondida labour negotiation sustained. The SHFE 1807 and 1808 contracts surged overnight and are expected to extend their gains today. We see LME copper trading at $7,100-7,160/mt today with the most traded SHFE contract at 52,800-53,300 yuan/mt. A...Read More
China will end the anti-dumping tariffs on electrical steel imports from South Korean producer Posco from June 9.This comes after further investigation by the Ministry of Commerce said the price remedies that Posco has pledged would no longer cause the domestic electrical steel...Read More
The following Metal Bulletin UK non-ferrous scrap and foundry ingot prices changed on Wednesday June 6:Aluminium scrap Group 1 pure 99% & litho: ?1,430-1,475 per tonne from ?1,425-1,470 Clean...Read More
Mcx Lead – Lead Sell Call aee given at price 168.90 Triggered SL at price 169.70. Total 0.80 Points SL hit in Lead callTIPS ID aee : Lead Mcx - SELL Lead at CMP 168.90 for Target 168 - 167.50 with SL Above price 169.70 Read More
Lead Mcx – SELL Lead at CMP 168.90 for Target 168 – 167.50 with SL Above price 169.70 Read More
FREE NICKEL TARGET TIPSFree Nickel Target Tips – Nickel Mcx BUY Call ae1 given at price 1039.10 Achieved 2nd Target 1049. CMP 1050. Total profit of 10 x 2 lot = 20 PointsTIPS ID ae1 : Nickel Call - BUY Nickel at CMP 1039.10 for Target 1045.50 - 1049.0 with SL below price 1032.80. RISK Taker trade with 2 lots Read More
Today Nickel Call Online – Nickel mcx Sell call ae1 given at 1039.10 Achieved 1st Target 1045.5. CMP 1046.50. Total 7.4 x 2 lot = 14.8 Points Profitae1 : Nickel Call - BUY Nickel at CMP 1039.10 for Target 1045.50 - 1049.0 with SL below price 1032.80. RISK taker trade 2 lots Read More
Prices have struggled to regain a foothold at or above $1300 per ounce since May 15, when gold dropped over $28 in a single day. Since the selloff, there have been multiple occasions in which gold has effectively traded to or closed just above $1300. However, gold could not sustain that price point for any length of time.While we have not seen a series of higher highs, we have begun to see a serie...Read More
MCX ZINC LIVE CALLZinc Live Call – Zinc Positional Sell Call ae6, given at price 214.10. CMP 212.90. Low risk taker book 1.20 Points x 2 lot = 2.4 Points / Rs 12000. RISK Taker Hold as per tipsTIPS ID ae6 – Zinc Hold Call - SELL Zinc at CMP 214.10 Add more at price 215.50 with SL Above price 217.40 for Target 210.20 - 207.20 Read More
Today LME Stock Inventory : 05/06/2018 ALUMINIUM -7050 MT,COPPER -6050 MT,NICKEL -5538 MT,LEAD -225 MT,TIN +55 MT,AND ZINC -275 MT Read More
WASHINGTON (Reuters) - Senate Republicans and President Donald Trump will meet at the White House on Tuesday to discuss a measure before Congress aimed at tightening investment rules to better protect national security, Senator John Cornyn, the No. 2 Senate Republican, told reporters on Tuesday.Cornyn has spearheaded efforts in Congress to win passage of a bill to tighten oversight by the inter-ag...Read More