LEAD COMMODITY LIVE CALLSLead Commodity Live Calls – Lead SELL Hold Call cca, given at price 146.45 (146.10+146.60) Achieved 1st Target 144. CMP 143.50. Total Profit of 2.95 Points x 2 lot = 5.9 Points / Rs 29500TIPS ID cca : Lead Carry Hold Call - SELL Mcx Lead Aug at CMP 146.10 Add more if price 146.80 for Target 144 - 143 with SL below price 147.80 Read More
Photo by mujijoa79/Shutterstock.com (Kitco News) - The trade war between the U.S. and China continues to heat up with escalating rhetoric coming from both governments; however, the gold market is seeing little safe-haven demand despite the high level of geopolitical uncertainty.Over the weekend, President Donald Trump tweeted that the U.S. is winning the global trade war. Meanwhile, China has...Read More
Today Mcx Zinc Tips – BUY Zinc Aug at CMP 179.60 Add more at price 178.80 with SL 178.30 for Target 180.50 – 181.20 Read More
Outflows of gold from exchange-traded-fund vaults have continued in early August, says Commerzbank. The ETFs track the price of gold, with metal put into storage to back the shares, thereby giving investors exposure to the price of the precious metal without having to incur assaying and storage costs. “We envisage significantly higher gold prices by year’s end, though for this to happe...Read More
(Kitco News) - Gold continues under pressure overnight after last week's tepid bounce. Gold managed a meager $15 bounce on Friday but could not sustain any momentum into the close. Overnight the dollar continued to appreciate, which brought fresh selling into the commodity space. The technical charts look terrible for gold but a possible support zone exists around $1,207. Watching the euro/dollar...Read More
Steel billet prices in most global markets were largely unchanged or edged downward during the week from Monday July 30 to Friday August 3, due to limited buying interest and uncertainty about the impending United States sanctions on Iran.China was the exception, with higher billet prices in the country driven by enforced production cuts.AsiaImport prices in Southeast Asia were largely unchanged d...Read More
Steel billet prices in most global markets were largely unchanged or edged downward during the week from Monday July 30 to Friday August 3, due to limited buying interest and uncertainty about the impending United States sanctions on Iran.China was the exception, with higher billet prices in the country driven by enforced production cuts.AsiaImport prices in Southeast Asia were largely unchanged d...Read More
Base metals on the London Metal Exchange consolidated for much of trading on Monday August 6, with closing prices mixed despite broad strength in the US dollar and an ongoing trade spat between the United States and China. ...Read More
Metal Bulletin is running a one-month consultation to seek feedback on whether to keep or amend the minimum tonnage used in the assessments of its zinc premiums for European countries. At present, Metal Bulletin publishes four weekly assessments for European zinc premiums: Zinc SHG ingot FCA duty-paid Rotterdam Zinc SHG ingot FCA duty-paid Antwerp Zinc SHG ingot FCA duty-paid Italy Zinc SHG ingot...Read More
China announced a 10% tariff on US lead ores and concentrates, which took up one-sixth of its imports last year, a move that could possibly exacerbate the tightness of lead raw material supply, according to a release by China's Ministry of Finance last Friday....Read More
Low tenders from major Chinese mills for August production weighed on domestic and imported ferro-chrome prices over the week that ended on Friday August 3, while chrome ore inventories hit record highs....Read More
Following extensive market engagement, Metal Bulletin has decided to extend the consultation period for the proposal to split Metal Bulletin's 0.10% C low-carbon ferro-chrome Europe price specification to provide additional time for feedback. At present, Metal Bulletin includes all price points for low-carbon ferro-chrome with a carbon and chromium content of 0.10% and 60-70% chrome respectively i...Read More
Low tenders from major Chinese mills for August production weighed on domestic and imported ferro-chrome prices over the week that ended on Friday August 3, while chrome ore inventories hit record highs....Read More
China announced a 10% tariff on US lead ores and concentrates, which took up one-sixth of its imports last year, a move that could possibly exacerbate the tightness of lead raw material supply, according to a release by China's Ministry of Finance last Friday....Read More
Rusal's sales of primary aluminium and alumina fell by 19.2% and 11.4% respectively in the second quarter of 2018 from the previous quarter due to US sanctions against the Russian producer. The decreases were partly offset by the sharp increase in the prices of aluminium and alumina over the period, but Rusal nevertheless posted a drop of nearly 18% in revenues over the quarter, while production w...Read More
Benchmark cobalt prices continued to fall last week, albeit at a slower pace than before, with sellers facing less urgent pressure to destock and spot trade returning to its slower summer pace....Read More
Key data from the Friday August 3 pricing session in Shanghai.Cobalt metal - China's domestic cobalt metal price dropped to 490,000-530,000 yuan ($71,718-77,572) per tonne ($28.10-30.40 per lb China VAT-free), with the seasonal lull continuing to the downside. - Spot sales and quotations for Jinchuan cobalt stood around 490,000-505,000 yuan per tonne, while those for imported cobalt were around 52...Read More
The Turkish steel mills have returned to the deep-sea scrap markets following a downturn in prices, sources said on Monday August 6....Read More
Turkish domestic ship scrap prices have gone down over the past week due to the weakening lira and poor demand for finished steel, while auto bundle scrap prices have remained largely stable, sources said on Monday August 6....Read More
Metal Bulletin is running a one-month consultation to seek feedback on whether to keep or amend the minimum tonnage used in the assessments of its zinc premiums for European countries. At present, Metal Bulletin publishes four weekly assessments for European zinc premiums: Zinc SHG ingot FCA duty-paid Rotterdam Zinc SHG ingot FCA duty-paid Antwerp Zinc SHG ingot FCA duty-paid Italy Zinc SHG ingot...Read More