– SATURDAY, JULY 28, 2018WITH YOUR HOST, MARK LEIBOVIT AND GUESTS: DON VIALOUX, HENRY WEINGARTEN, AND SINCLAIR NOEhttps://tinyurl.com/y7vg2um7 Seasonal Advantage Portfolio IntroductionFollowing is a link:https://www.youtube.com/watch?v=ElsfLfSC9RM&feature=youtu.be The Bottom LineThe proverbial "Summer Rally" in North American equity markets came to an end last week. U.S. and Ca...Read More
The price of domestic auto bundle scrap in Turkey has been steady over the past week while the price of shipbreaking scrap has fallen slightly because of weak demand, sources said on Monday July 30.Steel producers in the Izmir region decreased their buying price for ship scrap by $5-9 per tonne over the week to $330-338 per tonne delivered.Metal Bulletin's weekly price assessment for Turkish domes...Read More
Physical iron ore prices were little changed on Monday July 30 with many market participants adopting a wait-and-see stance following the release of a local government document on steelmaking restrictions in China.Metal Bulletin 62% Fe Iron Ore Index: $67.65 per tonne cfr Qingdao, up by $0.16 per tonneMetal Bulletin 62% Fe Pilbara Blend Fines Index: $66.58 per tonne cfr Qingdao, up by $0.18 per to...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transactions: iron oreIron oreRio Tinto, tender, 190,000 tonnes of...Read More
It's been an uncharacteristically stable year for the benchmark iron ore price, with the Metal Bulletin Iron Ore Index-62 (MBIOI-62) moving within a 26% range this year, and a less than 10% range over the past four months.Contrast this with last year's MBIOI-62 price range of 78%, and 112% the year before that. But while it's been relatively quiet on the mid-grade front, the action in the inter-gr...Read More
Seaborne coking coal spot market was largely unchanged on Monday July 30 after a flurry of transactions last week. A cargo of lower-ranked second-tier hard coking coal with an early-August laycan was traded at $165 per tonne cfr China. "The seller will be bearing the cost of demurrage due to the congestion at the arrival port. The demurrage cost is equivalent to around $3 per tonne, hence we agree...Read More
China's domestic coking coal market weakened in July amid production restrictions in the country's steelmaking hub of Tangshan and four rounds of coke price cuts by a major mill.Metal Bulletin's weekly assessment of prices for domestic hard coking coal in Shanxi delivered to Tangshan stood at 1,360-1,700 yuan ($200-250) per tonne on Friday July 27, compared with 1,390-1,750 yuan per tonne on June...Read More
Antimony prices in Europe rose 0.6% from the midweek assessment on Friday July 27, while prices in China were stable week on week on low demand. Prices for antimony with bismuth content below 100ppm in-warehouse Rotterdam edged up to $7,900-8,200 per tonne on Friday from $7,800-8,200 per tonne on Wednesday, when prices had climbed from $7,800-8,100 per tonne. Metal Bulletin's MMTA standa...Read More
Three-month base metals prices on the London Metal Exchange were broadly weaker on the morning of Monday July 30, with zinc (-0.9%), copper (-0.7%), lead (-0.2%) and nickel (-0.1%) all down, while aluminium and tin prices were up by 0.4% and 0.3% respectively.The weakness in copper - at $6,202 per tonne as at 06.15am London time - comes despite the union at Chile's Escondida copper mine, the world...Read More
Earnings at Tubacex, the Spanish manufacturer of seamless stainless steel tube, improved significantly in the first half of 2018 due to a stronger focus on high-added-value materials, the company said on Friday July 27.The company's sales jumped by 49.4% year-on-year to ?,?360.6 million ($420.3 million) in the first six month of 2018, while its earnings before interest, taxes, depreciation and amo...Read More
Copper Live – COPPER Buy Call caf given at price 428 Achieved 1st Target 429.9 & 2nd Target 430.8. Profit of 2.8 Points per lotcaf :Mcx Copper Tips - BUY Copper Aug at CMP 428 for Target 429.90 - 430.80 with SL below price 425.90 Read More
Gold futures closed lower on the week, losing value for the third consecutive week. More foreboding is the fact that not only has gold closed at the lowest value this year, but the last time gold futures closed near this level was almost a year ago. During the week of August 26, 2017, gold futures closed at $1,210 an ounce, and then opened at $1,211 the first week of July 2017. Gold would gain val...Read More
Mcx Aluminium Trading Tips – BUY Aluminium Jul at CMP 141.30 for Target 142.20 – 142.80 with SL below price 140.50 Read More
Mcx Copper Tips – BUY Copper Aug at CMP 428 for Target 429.90 – 430.80 with SL below price 425.90 Read More
Today LME Inventory Report : 27/07/2018Aluminium : – 7575 MTCopper : + 1575 MTLead : + 475 MTNickel : – 1830 MTTin : – 55 MTZinc : – 2625 MT Read More
(Kitco News) - While gold continues to hover at the bottom end of its range near its recent 12-month lows, optimism is growing in the marketplace as there are signs that the selling pressure is starting to wane.While gold is preparing to see its third week of consecutive losses, the market was not hit with a new wave of selling after U.S. economic data showed the economy expanding by 4.1% in the s...Read More
(Kitco News) - Gold prices have moved to slightly higher levels and are at their daily highs in midday trading Friday. The U.S. dollar index has moved modestly lower and is trading near its daily low, which has prompted a bit of buying interest in the gold and silver markets--most of which is short covering by the futures traders heading into the weekend. August gold was last up $1.00 an ounce at...Read More
Mcx Zinc Tips Today – BUY Zinc Jun at CMP 179 for Target 180 – 180.50 with SL belwo price 178 Read More
(Kitco News) - Wall Street and Main Street alike are nearly evenly split on whether gold pricess have bottomed and will rise in the next week, based on the weekly Kitco News gold survey.Seventeen market professionals took part in the Wall Street survey. Seven respondents, or 41%, called for higher prices, while six, or 35%, said lower. Four respondents, or 25%, predicted a sideways market.Meanwhil...Read More
On July 19th, while gold was selling down toward the $1200 region, President Trump publicly criticized the Federal Reserve’s current policy to continue raising interest rates. Gold immediately rose $10, while the over-bought U.S. dollar made an intra-day reversal from its highest point reached since a strong move higher began in mid-April. Trump’s remarks, in an interview with CNBC, we...Read More