China's ferrous futures fluctuated in an upward direction during morning trading on Monday May 14, with the coke contract taking the lead by ending the session with the biggest gains.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,674 yuan ($580) per tonne, up 9 yuan per tonne October hot-rolled coil: 3,771 yuan per tonne, up 5 yuan per tonne Dalian Commodity Ex...Read More
The arbitrage for copper, aluminium, zinc and nickel imported into China on Monday May 14*Copper -$96.26 (-611.70 yuan) Aluminium -$504.22 (-3,204 yuan) Zinc -$57.47 (-365.19 yuan) Nickel -$648.30 (-4,119.55 yuan) *Metal Bulletin calculates the physical arbitrage for import into...Read More
The Chinese silicon export market prices fell on Friday May 11 on looming operation restarts at silicon refineries in Sichuan and Yunnan provinces during the rainy season, while European prices also weakened. Metal Bulletin's Chinese grade 553 silicon export prices moved lower to $1,890-1,950 per tonne on Friday's assessment, down 0.8% from $1,910-1,960 per tonne previously. On one hand, very...Read More
Cobalt trade log including business, bids and offers reported to Metal Bulletin. Unless otherwise stated, all prices are per lb on an in-warehouse basis. Delivered prices are netted back. Metal Bulletin prices Click here for Metal Bulletin's price assessment for low-grade cobalt, in-warehouse, $ per lb Click here for Metal Bulletin's price assessment for high-grade cobalt, in-warehouse, $ per lb I...Read More
A supply squeeze on trioxide grade antimony in Europe pushed prices for the grade up on Friday May 11, while grade II remained unchanged due to sluggish demand for the minor metal; In China, grade II prices fell again on weak consumption rates and a gloomy outlook. Metal Bulletin assessed the MMTA standard grade II antimony, in-warehouse Rotterdam price at $8,000-8,250 per tonne on Friday May...Read More
Zinc BUY Call 86d given at price 208.50 CMP 208.40. Low risk taker exit at Cost to Cost. RISK Taker Hold Carry call86d : Free Zinc Call Today - BUY Zinc at CMP 208.50 for Target 209.50 - 210.20 with SL below price 207.40AFTER POST CONTENT Read More
Free Zinc Call Today – BUY Zinc at CMP 208.50 for Target 209.50 – 210.20 with SL below price 207.40AFTER POST CONTENT Read More
U.S. dollar strength has been prevalent throughout this year. Its effect has resulted in strong headwinds for the precious metals complex. Dollar strength has been the most significant force involved with limiting any real upside movement. On February 16, the dollar index traded to the lowest price point this year when it reached 88.15. From February up until this week, the dollar has gained almos...Read More
(Kitco News) - There is a severe mismatch between the long-term problems our society faces and the short-sightedness of our policymakers, according to New York Times best-selling author, Dambisa Moyo.The celebrated economist, who serves on the boards of Barclays Bank and Chevron, argued that liberal democratic government systems have not been conducive to solving the world’s most pressing so...Read More
Aluminium Target Level Today – Aluminium Mcx Sell call 85e given at price 155 Achieved 1st Target 154.10 & 2nd Target 153.60. CMP 153.50. Total Profit of 1.4 x 2 lot = 2.8 PointsTIPS ID 85e : Aluminium Tips - SELL Aluminium at CMP 155 for Target 154.10 - 153.60 with SL Above price 156 . Trade with 2 lotsAFTER POST CONTENT Read More
(Kitco News) - Although zinc prices have dropped from their recent five-year highs, the market dynamics are not expected to shift anytime soon and with little new production on the horizon, the focus is returning to Ireland, a leading jurisdiction in the base-metals space.Despite being one of the top mining jurisdictions in the world, Ireland has not been a major focal point in the mining sector,...Read More
Daily LME Stock Data : 11/05/2018Aluminium down by -925MT, Copper down by -4000MT, Lead up by 225MT, Nickel down by -1038MT & Zinc down by -550MT.AFTER POST CONTENT Read More
Today Intraday Zinc – Zinc BUY Call 863 given at price 207.50 Almost hit 1st Target 208.80. CMP 208.75. Total Profit of 1.25 Points per lotTIPS ID 863 : Today Zinc Free Tips - Buy Zinc at CMP 207.50 for Target 208.80 - 209.80 with SL below price 206.30AFTER POST CONTENT Read More
(Kitco News) - The gold market has been fairly resilient in the face of a three-week rally in the U.S. dollar and now that momentum in the greenback is starting to weaken, analysts say that gold has an opportunity to push back to the top end of its trading range.Ending a three-week losing streak, gold prices are looking to close the latest week with modest gains. June gold futures last traded at $...Read More
Today Zinc Free Tips – Buy Zinc at CMP 207.50 for Target 208.80 – 209.80 with SL below price 206.30AFTER POST CONTENT Read More
Aluminium Tips – SELL Aluminium at CMP 155 for Target 154.10 – 153.60 with SL Above price 156. Risk Taker trade 2 lotsAFTER POST CONTENT Read More
(Kitco News) - Gold prices have lost their modest early gains in late-morning action Friday. Generally weaker prices across the raw commodity futures spectrum are prompting a bit of selling interest in the precious metals markets. A lack of fresh, bullish fundamental news for the gold and silver traders is also adding some downside pressure. June gold was last down $1.40 an ounce at $1,321.00. By...Read More
(Kitco News) - Wall Street and Main Street are both heavily bullish on the near-term direction of gold prices, based on the Kitco News weekly gold survey.The traders and analysts who take part in the Wall Street poll cite mostly technical-chart factors - in particular, gold’s ability to hold around the 200-day moving average and the psychologically important $1,300-an-ounce level during a re...Read More
Despite the relentless rise of the U.S. dollar during the past four weeks, the gold price has managed to hold critical support at the $1300 level due mostly to crude oil continuing to rise. The GDX is also trying to close the week above its 200-day moving average and strong resistance at $23 on the back of a tame U.S. inflation report released on Thursday. The inflation report boosted both gold an...Read More
Pretium Resources Inc. (TSX, NYSE: PVG), which is ramping up the Brucejack Mine in British Columbia, reports an adjusted profit in the first quarter. Production totaled 75,689 ounces of gold and 94,730 ounces of silver, with officials reporting that output improving steadily through the first quarter. There is no comparable information from the year-ago quarter since Brucejack achieved commercial...Read More