Lead Tips Today – SELL Lead 2 lot at CMP 155.10 for Target 153.50 – 153 with SL Above price 156.50AFTER POST CONTENT Read More
(Kitco News) - Gold prices were modestly down but up from their daily lows in midday U.S. trading Tuesday. The safe-haven metals are holding their own despite a more robust trader and investor risk appetite in the marketplace early this week, as seen by rallying world equities markets. June Comex gold futures were last down $2.40 an ounce at $1,348.20. May Comex silver was last up $0.103 at $16....Read More
Copper Calls – RISK Taker May buy Copper at Market price 447.90 for Target 451.50 – 452.90 with SL below price 443.90AFTER POST CONTENT Read More
(Kitco News) - Gold’s inability to break through critical resistance is frustrating many investors, but one Dutch bank continues to see potential for the yellow metal.In a report Monday, Oliver Nugent, commodity strategist at ING, said that he thinks it’s only a matter of time before gold prices push past $1,400 an ounce as markets are underpricing rising inflation risks.While the Fede...Read More
BNP Paribas says silver, which with natural gas is one of only two commodities in which speculators have net bearish positions, is “oversold.” Analysts explain: “Our proxy for silver positioning is the net speculative allocation reported by Comex, adjusted by the total open interest and normalized on a scale of zero to 10. To further assess how the market is allocated, we used th...Read More
The latest news and price moves to start the Asian day on Tuesday April 17.Aluminium on the London Metal Exchange continued its record-breaking rally by the close of trading on Monday April 16, soaring to a high of more than $2,400 per tonne ahead of the 5pm close. Read more in our live futures report.Here are how prices looked at Monday's close:The London Metal Exchange will allow open posit...Read More
The latest news and price moves to start the Asian day on Tuesday April 17.Aluminium on the London Metal Exchange continued its record-breaking rally by the close of trading on Monday April 16, soaring to a high of more than $2,400 per tonne ahead of the 5pm close. Read more in our live futures report.Here are how prices looked at Monday's close:The London Metal Exchange will allow open posit...Read More
Aluminium on the London Metal Exchange closed above $2,400 per tonne on Tuesday April 17 for the first time since September 2011, continuing its strong momentum triggered by the United States imposing sanctions against Russian aluminium producer Rusal. The light metal has been the most active across the complex since the sanction announcements on Friday April 6, recording daily high-low ranges of...Read More
Comex copper prices failed to maintain enough momentum to open higher in the Tuesday April 17 session in the US, with geopolitical tensions outweighing a solid fundamental outlook.Copper for May settlement on the Comex division of the New York Mercantile Exchange fell 3.2 cents or 1.1% to $3.0635 per lb. However, the contract gained significantly in the past two sessions.Over the next few months,...Read More
Trump's import tariffs may have been welcomed by US manufacturing sectors for being supportive of domestic production, but the sanctions on Russia and Rusal-made aluminium could have far greater repercussions, Lord Copper muses. You don't have to be an admirer of President Trump to admit that one thing he does seem to be well tuned in to is the hopes and fears of the people who gave him his victor...Read More
The vanadium markets in Europe and the United States retreated last week, with traders continuing to sell off inventories to protect against weakening prices in the Chinese market as well as slowing spot market demand. Chinese ferro-vanadium, vanadium pentoxide prices fall on softer demand outside of China. European ferro-vanadium market slides on pressure from quiet spot marketEuropean...Read More
The vanadium markets in Europe and the United States retreated last week, with traders continuing to sell off inventories to protect against weakening prices in the Chinese market as well as slowing spot market demand. Chinese ferro-vanadium, vanadium pentoxide prices fall on softer demand outside of China. European ferro-vanadium market slides on pressure from quiet spot marketEuropean...Read More
Antimony prices in Europe continued to edge lower last week amid increasing availability of stocks in Rotterdam, while Chinese prices fell on dull downstream demand and expectations of increased concentrate supplies. Metal Bulletin assessed the MMTA standard grade II antimony in-warehouse Rotterdam price at $8,400-8,550 per tonne on Friday, unchanged from Wednesday's assessment, when prices h...Read More
Turkish steel mills have continued their bookings for May deliveries of material as expected, while prices went up slightly on Tuesday April 17.A steel producer in the Iskenderun region booked a Baltic Sea cargo, comprising 13,000-17,000 tonnes of HMS 1&2 (80:20) at $356 per tonne and 7,000-8,000 tonnes of shredded at $361 per tonne cfr late on April 16.The cargo was scheduled to...Read More
Vietnam's ferrous scrap imports increased 14.4% to 423,214 tonnes in March 2018, up from 370,069 tonnes in the same period last year.Japan was the largest supplier of ferrous scrap, sending 126,695 tonnes in March, up from 113,251 tonnes sent in March last year.The United States was the second-largest supplier, sending 102,307 tonnes, up from 73,159 tonnes sent in March 2017. Vietnamese...Read More
Comex copper prices failed to maintain enough momentum to open higher in the Tuesday April 17 session in the US, with geopolitical tensions outweighing a solid fundamental outlook.Copper for May settlement on the Comex division of the New York Mercantile Exchange fell 3.2 cents or 1.1% to $3.0635 per lb. However, the contract gained significantly in the past two sessions.Over the next few months,...Read More
Base metals prices had a strong start to the trading week after a solid close on Monday April 16. Two metals dominated the headlines yesterday: the London Metal Exchange's three-month aluminium price continued its vertical surge, while nickel closed above $14,000 per tonne amid growing concerns that the United States could implement additional sanctions on Russia. But overnight news suggests that...Read More
Metal Bulletin has added four battery-grade lithium price assessments to its existing coverage of the battery raw materials sector. Metal Bulletin has established a dedicated, global team to track the lithium ion battery raw materials supply chain while it evolves and responds to demand from the electric vehicle (EV) sector. China is the world's largest consumer of lithium, and is expected to ramp...Read More
Metal Bulletin will today add two graphite price assessments to its existing coverage of the battery raw materials sector. Metal Bulletin has established a dedicated, global team to track the lithium-ion battery raw materials supply chain while it evolves and to respond to developments in the electric vehicle sector. Metal Bulletin will be using its standard price discovery pro...Read More
Flat steel import prices in the United Arab Emirates and Saudi Arabia continued to fall this week, with market participants expecting further declines, sources told Metal Bulletin on Tuesday April 17.Demand was weak in both countries, and no improvement was expected because the Islamic holy month of Ramadan will start in mid-May and market activity will reduce even more.UAEChina offered hot-rolled...Read More