The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transactions: billetBilletCIS, export, billet, traded at $533 per tonne...Read More
Turkish domestic prices for rebar and wire rod have recovered by $10-15 per tonne because of stronger demand over the past week, sources said on Thursday May 3.Metal Bulletin's weekly price assessment for domestic rebar in Turkey was $570-580 per tonne ex-works, compared with last week's $555-570 per tonne.The domestic prices climbed in line with the strengthening of the US dollar against the Turk...Read More
South African miner Kudumane Manganese Resources (KMR) has delayed deliveries of some of its manganese ore shipments following heavy rains in the country's Northern Cape region.Supplies from the company's mine in Northern Cape will be affected until August, KMR said."The heavy rains did necessitate the rescheduling of one or two shipments over [May-August]," KMR chief executive officer Thembelani...Read More
The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in Europe.To view the latest price quotations, follow the links below:Europe- Ferro-vanadium delivered duty-paid in Europe- Vanadium pentoxide in-warehouse RotterdamChina- Ferro-vanadium, 78% min, fob China, $ per kg V- Vanadium pentoxide, 98% min, fob China, $ per lb V2O5Friday April 27Ferro-vanadiu...Read More
Physical iron ore prices were rangebound on Thursday May 3 amid mixed signals from the futures and steel markets.Metal Bulletin 62% Fe Iron Ore Index: $66.87 tonne cfr Qingdao, down by $0.11 per tonne Metal Bulletin 58% Fe Premium Index: $56.02 per tonne cfr Qingdao, up by $0.08 per tonne Metal Bulletin 65% Fe Iron Ore Index: $85.30 per tonne cfr Qingdao, unchanged Metal Bulletin 62% Fe China Port...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. Latest transaction: iron oreIron oreRio Tinto, tender, 170,000 tonnes...Read More
The seaborne coking coal spot market rose on Thursday May 3 following higher bids from market participants. A top Australia brand had changed hands at $193 per tonne cfr China and a lower-ranked second-tier hard coking coal traded around $160-161 per tonne fob Australia, according to various sources. In the pulverized coal injection (PCI) segment, a low-vol PCI transacted at around $144-145 per to...Read More
Ferrous futures in China were down during morning trading on Thursday May 3, with sentiment turning more cautious among market participants after a bullish start to the working week.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,688 yuan ($579) per tonne, down 25 yuan per tonne October hot-rolled coil: 3,770 yuan per tonne, down 16 yuan per tonne Dalian Commodi...Read More
Base metals prices on the London Metal Exchange were for the most part little changed on the morning of Thursday May 3, with copper prices up just 0.1% at $6,825 per tonne.The exceptions were zinc prices, which were down by 1% at $3,080 per tonne, and lead prices that were up by 0.5% at $2,290 per tonne.Volume on the LME has been average, with 6,196 lots traded as at 07.02 am London time. This fol...Read More
Glencore produced 7,000 tonnes of cobalt in the first quarter of 2018, up 11% from 6,300 tonnes in the same quarter of last year, according to the company's production report on Thursday May 3.Production from its African copper assets contributed 6,100 tonnes of cobalt in the first quarter compared with 5,700 tonnes in the corresponding period of 2017. The rise in production was reflective of a 50...Read More
The China cobalt sulfate price has softened from the brief momentum of activity between late March and mid-April due to lackluster demand.The Metal Bulletin cobalt sulfate, 20.5% min Co, ex-works China, price is calculated as an adjustment to the low end of Metal Bulletin's existing benchmark low-grade cobalt price assessment on a 20.5% Co basis, which was assessed at a discount of $0.51-0.82 per...Read More
Metal Bulletin has launched a price assessment for cobalt sulfate, 20.5% min Co, ex-works China, published as a $ per lb adjustment to the low end of Metal Bulletin's existing benchmark low-grade cobalt price assessment.After a consultation period, Metal Bulletin has launched a price assessment to cover the Chinese cobalt sulfate market. Cobalt sulfate, of which China is the largest producer in th...Read More
East Asia's stainless steel market was quiet due to the long weekend, with prices steady at high levels over the past week.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm trimmed cold-rolled coil was $2,170-2,300 per tonne cif East Asian ports for the week ended Wednesday May 2, the same as a week earlier. Metal Bulletin's assessment of prices for benchmark 304 stainless trim...Read More
Key data from the Wednesday May 2 pricing session in Shanghai.Please click on the above tables to view more in-depth pricing data about these assessments in Metal Bulletin's price book.Key drivers- A post-holiday lull descended over the Chinese market after the country's Labor Day break (April 30 and May 1), with a number of participants taking...Read More
Copper Call – SELL Copper at CMP 455.60 for Target tomorrow around 452.60 – 451.50 with SL Above price 458.6AFTER POST CONTENT Read More
Today lead Intraday – Lead Sell call 756 given at price 156.15 Achieved 2nd Target 154.80. CMP 153.40. Total profit of 1.35 x 2 lot = 2.70 PointsTIPS ID 756 : Mcx Lead - SELL Lead at CMP 156.15 for Target 155.25 - 154.80 with SL Above price 157.15AFTER POST CONTENT Read More
Zinc Tips – RISK Taker BUY Zinc at CMP 206 for Target 207 – 207.60 with SL below price 204.90AFTER POST CONTENT Read More
Zinc Tips – Zinc BUY Call 751 given at price 207.05 (207.50+206.60) Triggered SL at price 206. Total 1.05 Points per lotTIPS ID 751 : Zinc Intraday - BUY Zinc at CMP 207.50 Add more at price 206.60 with SL 206 for Target 209 - 209.90AFTER POST CONTENT Read More
Aluminium Calls – Our Aluminium BUY Call 74c given at 151 Achieved 2nd Target 152.40. CMP 153.30. Total profit of 1.4 x 2 lot = 2.80 PointsTIPS ID 74c : Aluminium Tips - BUY Aluminium at CMP 151 for Target 151.70 - 152.40 with SL below price 150.10AFTER POST CONTENT Read More
Don’t rock the boat baby, don’t tip the boat over. These lyrics by the Hues Corporation are incredibly appropriate when considering today’s statement made by the Federal Reserve following this month’s FOMC meeting. The statement indicated that they would leave interest rates as they are and maintain their projected pace to raise rates two more times this year. Collectively...Read More