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, domestic, commercial-grade...Read More
China's domestic rebar prices retreated on Tuesday July 2 after Tangshan eased its steelmaking restrictions for July.Domestic Eastern China (Shanghai): 4,000-4,030 yuan ($584-588) per tonne, down 30-40 yuan per tonneNorthern China (Beijing): 3,950-3,980 yuan per tonne, narrowed downward by 10 yuan per tonneChina's steel production hub in the northern region released a notice on Tuesday detailing l...Read More
The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transaction: billetBillet China,...Read More
Brazilian iron ore export volumes fell again in June amid Vale's constraints on output, according to data from the country's ministry of economy published on Monday July 1.The country exported 29.4 million tonnes of iron ore in June, down by 16.70% from 35.3 million tonnes in the corresponding month a year before and 1.40% lower than 29.8 million tonnes in May 2019.There was one less working day i...Read More
Seaborne iron ore prices continued to rise on Tuesday July 2, amid persistently tight supply and news about an easing of the restrictions on steel production in China.MB 62% Fe Iron Ore Index: $125.77 per tonne cfr China, up by $2.12 per tonneMB 62% Fe Iron Ore Index-Low Alumina: $126.24 per tonne cfr China, up by $0.48 per tonneMB 58% Fe Premium Index: $115.04 per tonne, up by $1.37 per tonneMB 6...Read More
The seaborne coking coal market softened further on Tuesday July 2, with offers continuing to fall while buyers kept to the sidelines to see how much more prices could fall.On the Global Coal trading platform, a cargo of unbranded materials was offered during the day at $186 per tonne fob Australia, and a shipment of branded materials, at $191 per tonne fob Australia. Both are August-laycan cargoe...Read More
It has been over half a year since the seaborne iron ore market got itself a new tool to manage price risks associated with exposure to the high-grade segment.And going by the performance of the Singapore Exchange's (SGX) 65% Fe iron ore futures contract so far this year, it is serving its purpose.On average, more than a million tonnes worth of the contract have been traded every month since its D...Read More
Cobalt hydroxide payables came under continued pressure in June, hitting new lows for 2019, even as the underlying benchmark price for cobalt metal surrendered the gains made over April and May. The metal and intermediates markets have continued to move independently of one another amid a surplus and greater competition for sales of the latter, and weaker demand from the Chinese battery sector. "P...Read More
Ferro-silicon prices in China increased sharply in the week ended Friday June 28, following a steady run of five weeks, after lower output and higher futures prices encouraged suppliers to raise their offers ahead of monthly tenders from Chinese steel mills.In Europe, the market has stemmed losses after a sharp fall the week before, but prices are seen as fragile in the near term because some cons...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade.Index futures were virtually unchanged following release of economic news at 8:15 AM and 8:30 AM EDT. Consensus for June ADP Private Employment was 140,000 versus 27,000 in May. Actual was 102,000 .Consensus for May U.S. Trade Deficit was $53.5 billion versus upwardly revised $51.2 billion...Read More
LEAD TIPSLead Tips – Lead Buy Call 1c37 given at 152.70 CMP 152.70. Low risk taker exit at Cost to Cost. RISK taker HOLD & CarryTIPS ID 1c37 : Tips for Lead Today - Buy Lead at CMP 152.70 for Target 153.80 - 154.40 with SL 151.45 Read More
ZINC MCX TIPSZinc Mcx Tips – Zinc Buy Call 1c34 given at 197.80 Advised SL below 196.80 (Return from 196.70) Those who Hold. Achieved 1st TGT. Book Profit at CMP 199 Total 2.20 PointsTIPS ID 1c34 : Zinc Trading - BUY Zinc at CMP 197.80 with SL Below 196.80 for Target 198.90 - 199.80- 200.80 Read More
ALUMINIUM TIPSAluminium Tips – Aluminium Buy Call 1c2f given at 142.80 Triggered SL at price 141.75. Total 1.05 Points SL hitTIPS ID 1c2f : Aluminium Calls Today - Buy Aluminium at CMP 142.80 for Target 143.80 - 144.40 with SL 141.75 Read More
LEAD MCX TIPSLead Mcx Tips – Lead Buy Call 1c37 given at 152.70 CMP 153.40. Low risk taker book 0.70 / Rs 3500 per lot at CMPTIPS ID 1c37 : Tips for Lead Today - Buy Lead at CMP 152.70 for Target 153.80 - 154.40 with SL 151.45 Read More
Copper Calls – Buy Copper at CMP 440.5 for Target 443.40 – 445.50 with SL 438.40 Read More
Tips for Lead Today – Buy Lead at CMP 152.70 for Target 153.80 – 154.40 with SL 151.45 Read More
Zinc Trading – BUY Zinc at CMP 197.80 with SL Below 196.80 for Target 198.90 – 199.80- 200.80 Read More
Aluminium Calls Today – Buy Aluminium at CMP 142.80 for Target 143.80 – 144.40 with SL 141.75 Read More
Nickel's three-month price on the London Metal Exchange was lower at the close of trading on Monday July 1, failing to sustain recent gains while poor data from China's manufacturing sector damped buying sentiment.Three-month nickel futures closed at $12,350 per tonne during the afternoon, down by a little less than 3% from an intraday high of $12,850 per tonne, its highest level since April.Marke...Read More
Despite China's ban of low-quality copper scrap imports since the beginning of 2019, the volume of copper units contained in scrap imports has defied expectations by rising in the first five months of this year. Between January and May this year, China imported 682,508 gross tonnes of copper scrap, according to customs data. All of the imports are of the higher-grade category 6 scrap. This is down...Read More