The London Metal Exchange has announced further guidance on treating sanction-affected contracts, highlighting an extended wind-down period for open positions with UC Rusal. Following an April 23 announcement by the US Department of the Treasury's Office of Foreign Assets and Control (OFAC), the LME has extended the period to close out contracts with Rusal from June 5 to October 23 of this ye...Read More
Comex copper prices dipped in morning trading on Wednesday April 25 amid a rising dollar and a lack of fresh catalysts. Copper for May settlement on the Comex division of the New York Mercantile Exchange fell 1.40 cents or 0.4% to $3.1280 per lb. The contract has been unable to set clear price direction over the past few weeks....Read More
The arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday April 25*Copper -$100.57 (-636.09 yuan) Aluminium -$435.30 (-2,753.17 yuan) Zinc -$81.35 (-514.50 yuan) Nickel -$741.56 (-4,690.14 yuan) *The physical arbitrage numbers...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
CLSA's Andrew Driscoll has topped the base metals leader board in the Apex first-quarter 2018 contest, with an accuracy rating of 98.56%, while Georgette Boele of ANB Amro was top of the precious metals table with 98.20% accuracy.Click on the image below to download the full report. Second in the base metals leader board is Edward Meir of INTL FCStone with 98.43% accuracy, while Citi's Nell Agate...Read More
Export volumes of stainless flat steel products from China rose in March this year in both monthly and annual comparisons, with market activity resuming in the region after February's lull for the lunar new year celebrations.Shipments totaled 316,452 tonnes in March, up by 6.6% from 296,748 tonnes in March 2017, according to Chinese customs data released on Tuesday April 24.This volume was also 30...Read More
Japan's crude steel output increased in March compared with a year earlier, according to the latest data from the Japan Iron & Steel Federation (JISF).The country produced 9.08 million tonnes of crude steel last month, up 2.2% on the year. Electric-arc furnaces accounted for 25.3% of this output while the remainder was produced using...Read More
Despite its potential impact on nickel ore supply, the latest development in the Philippine mining industry is having lesser impact on Shanghai Futures Exchange nickel prices while market participants focus on demand-side issues. SHFE nickel prices have trended down since the most-traded SHFE July nickel contract hit a high of 109,790 yuan ($17,396) per tonne on April 18, the highest since May 201...Read More
All MB non-ferrous UK scrap and foundry ingot prices were unchanged on Wednesday April 25.NB: prices...Read More
Zinc – Zinc BUY Call 6af given at price 215.90 Triggered SL at price 214.90. Total 1 points SL hit in Zinc tips6af : Free Zinc Tips - BUY Zinc at CMP 215.90 for Target 217 - 217.80 with SL below price 214.90AFTER POST CONTENT Read More
Free Zinc Tips – BUY Zinc at CMP 215.90 for Target 217 – 217.80 with SL below price 214.90AFTER POST CONTENT Read More
The yield on the 10-year Treasury notes climbed to 3% today, the first occurrence of a 3% rate since back in 2014. On an individual economic level, borrowing costs will increase for loans on mortgages, automobiles, and consumer credit. On a corporate level, it will increase the cost of doing business. Collectively, these increased costs will dampen the pace at which the economy is growing. The re...Read More
Copper Target Level – Copper mcx Buy call 6a2 given at price 458.80 Achieved 2nd Target 463.50 (Made 463.50 high) Total profit of 4.7 x 2 lot = 9.40 Points6a2 :Copper Live - Buy Copper at CMP 458.80 for Target 462 - 463.50 with SL below price 456. Trade 2 lotsAFTER POST CONTENT Read More
Copper Tips Online – Copper BUY Call 6a2 given at price 458.80 CMP 461.75 Almost hit 1st Target. Profit chance of 2.95 x 2 lot = 5.9 Points6a2 : Copper Live - Buy Copper at CMP 458.80 for Target 462 - 463.50 with SL below price 456. Trade 2 lotsAFTER POST CONTENT Read More
(Kitco News) - A sharp drop in the The S&P 500 Tuesday is breathing some life into gold as investors continue to wonder if and when the yellow metal will break above key resistance on the back of higher volatility.Some analysts have said that conditions are ripe for gold to rally above $1,360 an ounce, which is a critical resistance level according to many investors.Bill Baruch, president of B...Read More
(Kitco News) - Gold and silver prices were higher in early-afternoon U.S. trading Tuesday, on rebounds following recent selling pressure. A weaker U.S. dollar index on this day and a sell-off in the U.S. stock market worked in favor of the precious metals bulls today. June Comex gold futures were last up $9.70 an ounce at $1,333.30. May Comex silver was last up $0.128 at $16.715 an ounce. The U.S....Read More
Today Nickel Call – Nickel BUY Call 6a3 given at price 944.50 Almost near to 1st Target 954. CMP 953. Total profit chance of 8.5 x 2 lot =17 Points Profit6a3 : Nickel Today - Buy Nickel at cmp 944.50 for Target 954 - 960 with Small SL 938.50. RISK taker trade 2 lotsAFTER POST CONTENT Read More
Nickel Today – Buy Nickel at cmp 944.50 for Target 954 – 960 with Small SL 938.50. RISK taker trade 2 lotsAFTER POST CONTENT Read More
Copper Live – Buy Copper at CMP 458.80 for Target 462 – 463.50 with SL below price 456. Trade 2 lotsAFTER POST CONTENT Read More
Editor's Note: Updating earlier story with more details from report.(Kitco News) - Gold prices were unfazed Tuesday by news that sales of new U.S. single-family homes rose by 4% in March to a seasonally adjusted and annualized pace of 694,000.Consensus estimates compiled by various news organizations called for sales to be around 630,000. The Commerce Department revised sales for February to 667,0...Read More