The European ferro-vanadium market retreated last week while traders sold cheaper in order to take profits amid quieting spot demand. European ferro-vanadium market slides while traders take profits European V2O5 prices strengthen on lack of availability US ferro-vanadium market flat lines with market falling dormantSpot prices for European ferro-vanadium slipped to $69-72 per kg on April 6, deliv...Read More
Good morning from Metal Bulletin's office in Shanghai as we bring you the latest news and pricing stories on Tuesday April 10.Copper prices on the Shanghai Futures Exchange strengthened during Asian morning trading on Tuesday, after a further cooling in trade tensions between the United States and China led to increased buying interest among investors.Check Metal Bulletin's live futures report her...Read More
Turkish steel producers remained quiet in the scrap markets on Tuesday April 10, amid a sharp weakening of the Turkish lira against the US dollar and uncertainty in the finished steel export markets.Turkish steel mills booked a number of deep-sea cargoes for April and May last week before stepping back from the deep-sea markets at the end of the week.Market participants were expecting Turkish mill...Read More
Iron ore trading activity picked up on Tuesday April 10 amid futures and steel gains, but buyers have remained cautious.Metal Bulletin 62% Fe Iron Ore Index:$65.30 per tonne cfr Qingdao, up by $1.35 per tonneMetal Bulletin 58% Fe Premium Index:$52.75 per tonne cfr Qingdao, up by $0.54 per tonneMetal Bulletin 65% Fe Iron Ore Index: $82.70 per tonne cfr Qingdao, up by $1 per tonneMetal Bulletin 62%...Read More
Market participants expect to see little movement in seaborne coking coal prices in the coming days amid ample offers. A cargo of premium hard coking coal has been traded around $202 per tonne cfr China this week, market sources told Metal Bulletin on Tuesday April 10. Market participants indicated that the shipment had fetched a slight premium due to its volume, because otherwise, "there is littl...Read More
The planned maintenance at Australia's main coal exporting hub, the Dalrymple Bay Coal Terminal (DBCT), will begin on April 16, a well-informed source told Metal Bulletin on Tuesday April 10.The terminal opened on Saturday April 7 after fears of disruption to operations, due to cyclone Iris in Queensland, dissipated. The planned maintenance, which was supposed to start on April 9, will last until...Read More
China's ferrous futures were largely flat during morning trading on Tuesday April 10 after gains during the previous night's session.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,423 ($543) per tonne, unchanged October hot-rolled coil: 3,523 yuan per tonne, unchanged Dalian Commodity Exchange September iron ore: 451 yuan per tonne, down 1 yuan per tonne Septem...Read More
Growth in India's iron ore consumption is expected to outpace production, the Australian Department of Industry, Innovation & Science said in its Resources & Energy Quarterly report on Monday April 9. The department expects a slowdown in domestic production amid the "cancellation of mining permits in Goa due to renewal issues and the suspension of seven mines in Odisha for non-payment of illegal m...Read More
Comex copper prices surged to close to a one-month high in the US morning on Tuesday April 10, with the dollar retreating and the complex becoming more optimistic due to fundamental demand trends. Copper for May settlement on the Comex division of the New York Mercantile Exchange rose 5.15 cents or 1.7% to $3.1285 per lb. Earlier, the price touched $3.1280 per lb, the highest since March 15. "Whil...Read More
The arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday April 10*Copper -$98.64 (-622.49 yuan) Aluminium -$422.62 (-2,667.17 yuan) Zinc -$86.37 (-595.11 yuan) Nickel -$571.62 (-3,607.51 yuan) *The physical arbitrage numbers...Read More
Base metals prices on the London Metal Exchange continued to find support during morning trading on Tuesday April 10, with aluminium continuing its strong momentum following record volumes traded yesterday. The three-month aluminium price continued its firm positioning, hitting a high of $2,157.50 per tonne this morning - the highest since March 6. The light metal is continuing its strong performa...Read More
Silicon metal prices in the United States ticked down in April following the US International Trade Commission's (ITC's) vote against anti-dumping and countervailing duties on imports from key suppliers.American Metal Market assessed the US spot price for grade-553 silicon at $1.42-1.44 per lb on Tuesday April 10, declining slightly from $1.43-1.45 per lb in the previous month.Prices have been on...Read More
Martin Vydra will retire from Canada-based nickel and cobalt producer Sherritt International at the end of April, Metal Bulletin understands. Vydra, who is senior vice-president, commercial & technologies, has held a wide range of senior roles at Sherritt during the 31 years he has spent...Read More
Base metals prices on the London Metal Exchange were broadly up on Tuesday April 10, with markets reacting positively to Chinese President Xi Jinping's pledge to further open up China's economy. Aluminium continues to lead the complex higher, with the light metal up by 0.9% at the time of writing. This after surging 3.8% on Monday in response to the United States' sanctions against Russia and key...Read More
A potential ban on Chinese steel imports by Taiwan could disrupt trade flows in Asia, with the stainless steel segment set to be hardest hit, market sources told Metal Bulletin this week."The ban is necessary so that Taiwan can start negotiations with the United States to be exempted from the [country's] Section 232 tariffs [on steel and aluminium imports]," a Taiwanese trader said.Several industr...Read More
The physical aluminium market in Europe is expected to turn bullish because of significant supply tightness, with more market participants likely to turn away from using metal supplied by Russian aluminium producer Rusal.The US Treasury on Friday April 6 targeted a group of Russian government officials, oligarchs and the companies they control for reasons including Russia's involvement in the anne...Read More
China has requested consultations with the United States at the World Trade Organization (WTO) regarding tariffs on China-origin steel and aluminium goods, the WTO said on Tuesday April 10.China made the request after the US government imposed a 25% import duty on certain steel products and a 10% import duty on aluminium products from March 23, with further possible adjustments to additional impor...Read More
LIVE COPPER TIPS TODAYLive Copper Tips Today – Copper BUY Call 4ce given at price 438.80 Achieved 2nd Target 442. CMP 442.20. Total profit of 3.20 x 2 lot = 6.40 Points / Rs 64004ce : Copper Mcx - BUY Copper at CMP 438.80 for Target 441 - 442 with SL below price 436.40 RISK Taker advised to trade 2 lotsAFTER POST CONTENT Read More
Mcx Zinc Commodity – Zinc Mcx BUY Carry call 4ec given at price 208.50. CMP 209.30. Only Low risk taker book 0.8 x 2 lot = 1.60 Points4ec : Zinc Mcx Carry - Buy Zinc at CMP 208.50 Add more if price 207.50 with SL 206.50 for Target 210 - 211.20. RISK Taker trade 2 lotsAFTER POST CONTENT Read More
Aluminium Live Call - Aluminium BUY Call 4de given at 137.65 (138.10 + 137.20 (07:27pm)) Achieved 1st Target 139.50. CMP 139.50. Total profit of 1.85 x 2 lot = 3.70 PointsTIPS ID 4de : Free Mcx Aluminium Tips - Buy Aluminium at CMP 138.10 Add more at price 137.20 with SL below price 136.70 for Target 139.50 - 140.30. Trade 2 lotAFTER POST CONTENT Read More