The seaborne iron ore concentrate market saw limited activity in the week ended Thursday March 29, with some sellers offering lower premiums to entice business.The weekly Metal Bulletin 66% Fe Iron Ore Concentrate Index was at $86.64 per tonne cfr China on Thursday, down by $1.55 per tonne or 1.8% from a week earlier. The daily Metal Bulletin 65% Fe Iron Ore Index averaged $80.68 per tonne cfr Chi...Read More
Ferrous futures in China continued their recent run of strength during the morning trading session on Friday March 30, with only iron ore weakening slightly.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,324 yuan ($528) per tonne, up 34 yuan per tonne May hot-rolled coil: 3,644 yuan per tonne, up 5 yuan per tonneDalian Commodity Exchange May iron ore: 436 yuan...Read More
Good morning from Metal Bulletin's office in Shanghai as we bring you the latest news and pricing stories on Friday March 30.Aluminium prices on the Shanghai Futures Exchange were weaker during Asian morning trading on Friday, tracking the decline seen on the London Metal Exchange on Thursday.The most-traded May aluminium contract declined to 13,705 yuan ($2,178) per tonne as of 10.16am Shanghai t...Read More
Aluminium prices on the Shanghai Futures Exchange were weaker during Asian morning trading on Friday March 30, tracking the decline seen on the London Metal Exchange on Thursday.The most-traded May aluminium contract declined to 13,705 yuan ($2,178) per tonne as of 10.16am Shanghai time, down by 0.8% or 115 yuan per tonne from Thursday's close.Overnight weakness in the LME's three-month aluminium...Read More
Zinc and lead concentrate treatment charges (TCs) rose in March, reflecting expectations of better supply and fewer smelter shorts in the market.Concluded deals were few and far between, with much of the market waiting for annual contract reference prices to settle before delving into the spot market.Both zinc and lead concentrate markets are in the process of turning away from super-tight conditi...Read More
Copper concentrate treatment and refining charges (TC/RCs), ticked lower at the end of March, with traders continuing to bid lower for spot material and smelters re-adjusting bids to the downside.The Metal Bulletin copper concentrates TC/RC index stood at $66 per tonne/6.6 cents per lb on Thursday March 29, down from $68.6/6.86 cents a fortnight ago.Copper concentrate TC/RCs, discounts on exchange...Read More
Chilean state-owned miner Codelco achieved its second highest copper output ever in 2017, despite contending with a decline in ore grades, the company announced on Thursday March 30.Production from Codelco's wholly-owned mines totaled 1.73 million tonnes last year, an increase of 1.5% from 2016's 1.71 million tonnes."We reached the second largest production of our history despite the decline in or...Read More
Egypt's biggest steel producer, Ezz Steel, enjoyed normal industrial operations in 2017 after several years of disturbed activity, the company said on Thursday March 29. Firstly, Ezz Steel did not suffer any interruptions to the electricity or natural gas supplies. Secondly, the foreign currency needed for the purchase of imported raw materials was made available without limitation, company chairm...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebar East China, domestic, grade...Read More
The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transaction: billetBillet China,...Read More
The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transaction: Hot-rolled coilHot-rolled coilEast China,...Read More
Turkish steelmakers returned to the deep-sea ferrous scrap market picking up a cargo at stable prices, while US ferrous scrap exporters continue to enjoy bulk sales at strong numbers to emerging markets. On the other hand, Taiwan's and India's import scrap prices dipped on limited trading, due to buyers in both markets remaining conservative in the face of lower Chinese steel prices and uncer...Read More
China's domestic stainless steel prices widened downward slightly over the past week amid sparse trading activity. Metal Bulletin's assessment of prices for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,200-15,100 yuan ($2,256-2,399) per tonne including VAT for the week ended Thursday March 29, compared with 14,300-15,100 yuan per tonne from a week earlier. Demand sti...Read More
(Kitco News) - A gold rally is in the cards for April, said Bloomberg Intelligence commodity strategist Mike McGlone, adding that not much can get in the way of that happening.“Something unusual would have to occur for gold's primary drivers to prevent the next leg of a price rally,” McGlone said in a note published on Thursday. “The Fed's March rate hike gave increasingly compre...Read More
SHANGHAI, March 30 (Reuters) - China should take "punitive"measures against Canada if new regulations from Ottawa againstdumping of aluminium and steel target Beijing, Chinese tabloidGlobal Times said in an editorial on Friday. The widely read Global Times is run by the ruling CommunistParty's official People's Daily, although its stance does notnecessarily reflect Chinese government pol...Read More
TODAYS ALUMINIUM FREE CALLSTodays Aluminium Free Calls – Aluminium April sell call 32d given at price 131.45 Achieved 1st Target 130.35 CMP 130.10. Total Profit of 1.35 x 2 lot = 2.70 Points / Rs 13500TIPS ID 32d : Intraday Aluminium – SELL Aluminium April between 131.40 – 131.50 (CMP 131.45) Add more at price 132.10 with SL Above 132.60 for Target 130.35 – 129.70. RISK ta...Read More
TARGET ZINC CALLSTarget Zinc Calls – Zinc Intraday SELL Call 32a given at price 215.70 Achieved 1st Target 214.5 & 2nd Target 213.80. CMP 213.85. Total profit made 1.85 x 2 lot = 3.70 PointsCALL ID 32a : Today Zinc Tips - High RISK taker Sell Zinc Mini April at CMP 215.70 Add more at price 216.40 with SL Above price 217 for Target 214.5 - 213.80AFTER POST CONTENT Read More
29 Mar 2018China Moly today's Margin Long Amount is 30,526 (x10000) yuan, Short Selling Volume is 61 (x10000) shares. Detail information is as followsMargin long Margin Long Margin Long Short Selling Short Selling Short close Balance Amount Close Balance Volume Volume Amount Amount Volume ----------- ----------- ----------- ------------- ------------- ------------- 28...Read More
Aluminium Target – Aluminium April Sell hold call 29e given at price 132.85 Achieved 1st Target 130.50. Made 130.45. Total profit of 2.35 Points / Rs 11750TIPS ID 29e : Today Aluminium Hold Tips - SELL Aluminium APRIL at CMP 132.85 Hold for 2 days for Target small at price 130.50 - 129.60 with SL Above 133.50AFTER POST CONTENT Read More
(Kitco News) - There are no visible triggers that could put a cap on the gold-silver ratio, ICBC Standard Bank said in a report.The gold-silver ratio has been trading at around 80 recently, nearing two-year highs on silver’s underperformance.“[The ratio] has not [traded] sustainably [above that level] since the early 1990s,” analyst at ICBC Marcus Garvey said in a report publishe...Read More