Nickel Trading – BUY Nickel Aug at CMP 933 for Target 941 – 948 with SL below price 922 Read More
(Kitco News) - Gold remains is at session lows following a report from the Philadelphia Federal Reserve highlighting growing momentum within the region's manufacturing sector.The index for current general activity in the Philly Fed business outlook survey jumped to 25.7, up from 19.9 in June. The consensus expectations compiled by various news organizations were for a reading around 21.6.Read...Read More
One of the greatest calls in sports was Howard Cosell calling the Joe Frazier-George Foreman fight when Foreman knocked down Frazier. The call was “down goes Frazier, down goes Frazier,” which lives on 45 years later. If Cosell were still alive, he might be making a similar call - “down goes gold, down goes gold.” It certainly has been an ugly time for the metals. There see...Read More
(Kitco News) - Traders hoping for a sustained bounce off the $1,220 support line were met with continued selling throughout the Asian and early European markets. It is beginning to feel like a capitulation event but we prefer to await the options expiries tomorrow. From these current levels, it will not be difficult to test the $1,200 strikes, but here, we would suggest a more robust bounce should...Read More
The latest news and price moves to start the Asian day on Thursday July 19.Zinc prices on the London Metal Exchange rallied at the close of trading on Wednesday July 18, buoyed by weaker than expected housing statistics in the United States amid broad consolidation across most of the other base metals. Read more in our live futures report.Here are how prices looked at the close of t...Read More
The latest news and price moves to start the Asian day on Thursday July 19.Zinc prices on the London Metal Exchange rallied at the close of trading on Wednesday July 18, buoyed by weaker than expected housing statistics in the United States amid broad consolidation across most of the other base metals. Read more in our live futures report.Here are how prices looked at the close of t...Read More
The latest news and price moves to start the Asian day on Thursday July 19.Zinc prices on the London Metal Exchange rallied at the close of trading on Wednesday July 18, buoyed by weaker than expected housing statistics in the United States amid broad consolidation across most of the other base metals. Read more in our live futures report.Here are how prices looked at the close of t...Read More
Base metals prices finished in negative territory amid a stronger dollar on Thursday July 19, with no updates on the trade war front....Read More
Zinc inventory in Shanghai Futures Exchange-approved warehouses plunged to a 10-year low after buyers took advantage of price declines and while supply remains restricted by local production cuts. SHFE zinc inventory stood at 58,016 tonnes on Friday July 13, the lowest since February 1, 2008. A net 38,941 tonnes of refined zinc has been withdrawn from SHFE-registered warehouses in just one month....Read More
Comex copper prices were again under considerable pressure with no movement in the ongoing trade war and a stronger dollar combining to weigh on the base metals complex....Read More
South32 has announced a 10% year-on-year increase in manganese ore production for the financial year ended June 30, 2018, and record performance in Australia amid strong demand and prices during the period. ...Read More
South32 has announced a 10% year-on-year increase in manganese ore production for the financial year ended June 30, 2018, and record performance in Australia amid strong demand and prices during the period. ...Read More
Turkish steel mills skipped Thursday July 19, with no deep-sea scrap bookings reported after the buying spree on Wednesday, when three cargoes totaling around 115,000 tonnes were booked....Read More
Comex copper prices were again under considerable pressure with no movement in the ongoing trade war and a stronger dollar combining to weigh on the base metals complex....Read More
Three-month base metals prices on the London Metal Exchange were down across the board by an average of 1% on the morning of Thursday July 19. Losses were ranged between a 0.1% drop for aluminium and a 2% fall for zinc. The three-month copper price was down by 0.8% at $6,129 per tonne.Volume has been above average with 9,737 lots traded across the complex as at 7.22am London time.This follows a ge...Read More
Chinese battery manufacturers' profit margins are being squeezed significantly by rising procurement costs for battery raw materials, delegates to an industry conference have been told....Read More
Domestic prices for hot-rolled coil (HRC) in Europe are expected to move up when market activity recovers from the summer lull, supported by this week's preliminary decision in an EU safeguard case, sources told Metal Bulletin on Thursday July 19....Read More
China's hot-rolled coil prices rebounded on Thursday July 19 to snap a two-day decline after investor sentiment was lifted by news of the central bank's measures to boost liquidity, while output cuts in northern China also added fuel to the fire....Read More
China's ferrous futures trended upward during morning trading on Thursday July 19, with the coking coal and coke contracts ending the session particularly higher, though prices in the Chinese physical market showed a mixed trend....Read More
Algeria's steel billet import market is set for dramatic changes in the next couple of years, largely as a result of the country's fast-growing local steel industry.The country's steelmaking capacity is expected to grow by around 7 million tonnes by the end of 2020, which will lead to significant reduction in, if not the total elimination of, billet imports, sources told M...Read More