The following Metal Bulletin noble alloys and ores prices changed on Wednesday March 21:Noble alloys Molybdenum Europe drummed molybdic oxide, $/lb: $12.60-12.80 per lb from $12.75-12.85 Ferro-molybdenum basis 65% min, in-warehouse Rotterdam, $/kg...Read More
Iron ore pellet premiums are expected to rise in 2018, reflecting agreements with customers and strong demand for high-quality pellets, Ukraine-focused iron ore producer Ferrexpo said on Wednesday March 21."In 2018, we expect further rationalization of steel capacity in China, which should support global steel margins, and in turn encourage a continued focus on iron-making productivity," Ferrexpo...Read More
Weak demand for Turkish long steel products in the country's export market and Section 232 uncertainty kept Turkish steel producers out of the deep-sea scrap markets on Wednesday March 21.After stepping back from the deep-sea scrap markets on March 9, when the United States applied a 25% duty on imports of steel products following the Section 232 investigation, there has been no...Read More
Iron ore prices moved slightly above $67 per tonne cfr China on Wednesday March 21, tracking increases in the paper markets.Metal Bulletin's 62% Fe Iron Ore IndexToday: $67.25 per tonne cfr Qingdao Daily change: up by $0.31 per tonne Month-to-date average: $72.33 per tonne Metal Bulletin's 58% Fe Premium Index Today: $55.56 per tonne cfr Qingdao Daily change: up by...Read More
Seaborne iron ore concentrate market softened last week, albeit at a slow rate of decline than prices for fines.The weekly Metal Bulletin 66% Fe Iron Ore Concentrate Index was $94.64 per tonne cfr China last Friday March 16, down $2.93 per tonne - or 3% - compared with a week earlier. The daily Metal Bulletin 65% Fe Iron Ore Index averaged $87.12 per tonne cfr China last week, down $3.70 per tonne...Read More
Seaborne iron ore prices recovered some losses on Wednesday March 21 tracking a small rebound in the paper market.Key drivers China's benchmark May iron ore futures contract bounced back in the afternoon to end the day in positive territory, following gains on Tuesday night and a retreat on Wednesday morning.But steel prices - in the both physical and futures markets - continued to soften during t...Read More
Seaborne coking coal prices retreated on Wednesday March 21, with market participants anticipating further weakness amid ample offers of premium products.Two cargoes of premium products changed hands below previously transacted levels during the day. The cargoes "unbranded products" were traded at $204 per tonne fob Australia and $207 per tonne fob Australia on Global Coal, sources told Metal Bull...Read More
China's ferrous futures, particularly the steel contract, continued to fall during morning trading on Wednesday March 21, with physical prices coming under pressure in recent days. Futures closing prices - morning sessionShanghai Futures Exchange May rebar: 3,626 yuan ($573) per tonne, down 50 yuan per tonne May hot-rolled coil: 3,738 yuan per tonne, down 101 yuan per tonne Dalian Commodity Exchan...Read More
Key data from the Wednesday March 21 pricing session in London.Cadmium min 99.95% MB free market Cts per lb cif global main port New price Previous price Change to midpoint of range Midpoint % change 150-160 145-160 2.5 1.6% Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The following Metal Bulletin UK non-ferrous scrap and foundry ingot prices changed on Wednesday March 21:Aluminium scrap Group 1 pure 99% & litho: ?1,400-1,450 per tonne from ?1,410-1,460 Commercial...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
While the programming behind algorithmic trading is still in relative infancy, these computerized systems are more likely to increase volatility in metals trading than reduce it, Lord Copper muses. A few weeks ago, fellow Metal Bulletin columnist Martin Hayes wrote about the dramatic fall in the prices of financial assets since the turn of the year. Stock markets across the world have given b...Read More
COPPER TARGET TIPS TODAYCopper Target Tips – Copper Intraday Sell call 1be given at price 447.30 Achieved 1st Target 442 & 2nd Target 440. (Made low 439.90 at 07:52pm) Total profit of 7.30 Points per lotTIPS ID 1be : Tips for Copper - SELL Copper at CMP 447.30 for Target 442 - 440 with SL Above price level 450.10AFTER POST CONTENT Read More
Zinc Intraday Calls – Zinc Commodity SELL Call 1bc given at price 212.20 Achieved 1st Target 210.60 & 2nd Target 210. CMP 210. Total Profit of 2.2 Points x 2 lot = 4.40 PointsTIPS ID 1bc : Tips for Zinc - SELL Zinc at CMP 212.20 for Target 210.60 - 210.0 with SL Above price level 213.30. RISK Taker trade 2 lotsAFTER POST CONTENT Read More
Gold is trading under pressure today, currently trading off by $7.80 and fixed at $1,310. As of 4:51 PM Eastern standard time, gold prices have given up all of yesterday’s gains and closed at below yesterday’s open.However, yesterday’s gains, as well as today’s selloff, have been a direct result of dollar strength and dollar weakness.Monday's moderate gains resulted in a $2...Read More
BUENOS AIRES (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Tuesday that U.S. tariff actions are “not about protectionism” but about defending American interests against unfair trade practices.Mnuchin told a news conference at the end of a trade-dominated meeting of G20 finance ministers and central bank governors here that President Donald Trump was not afraid of a trade w...Read More
(Kitco News) - Gold and silver prices were moderately lower in early afternoon U.S. trading Tuesday, pressured by a stronger U.S. dollar index on this day and some chart-based selling. Gold hit a three-week low, while silver prices notched a three-month low. April Comex gold futures were last down $7.10 an ounce at $1,310.70. May Comex silver was last down $0.165 at $16.16 an ounce.The marketplace...Read More
TIPS FOR COPPER TODAYTips for Copper – SELL Copper at CMP 447.30 for Target 442 – 440 with SL Above price level 450.10AFTER POST CONTENT Read More
Tips for Zinc – SELL Zinc at CMP 212.20 for Target 210.60 – 210.0 with SL Above price level 213.30. RISK Taker trade 2 lotsAFTER POST CONTENT Read More