Base Metal Stocks Articles

Tech Talk for Wednesday July 18th 2018

18/07/2018 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points in pre-opening trade. Index futures were virtually unchanged following release of the June Housing Start report at 8:30 AM EDT. Consensus was a slip to 1.32 million units from lower revised 1.337 million units in May. Actual was 1.173 million units.Google dropped $6.44 to $1206.64 after the European Union iss...Read More

Steelmaking Raw Materials Trade Log, July 18, 2018

July 18, 2018 / Staff reporter

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. ...Read More

IRON ORE DAILY: Pilbara Blend fines trade at narrower discounts

July 18, 2018 / July Zhang

Seaborne iron ore prices rose modestly on Wednesday July 18 with several cargoes of Pilbara Blend fines traded at smaller discounts than earlier in the week....Read More

Rio Tinto revises 2018 target for Canadian iron ore operations

July 18, 2018 / July Zhang

Rio Tinto expects to see a further drop in its Canadian iron ore pellet and concentrate output this year, but is maintaining the guidance for its Australian iron ore and coking coal operations. Iron Ore Company of Canada Rio Tinto 58.7%-owned Iron Ore Company of Canada (IOC) sold 449,000 tonnes of pellets and concentrate in the three months to June, down 89% both from a year earlier (4.14 million...Read More

COKING COAL DAILY: Jingtang trades not helping bearish seaborne market

July 18, 2018 / Sophie Zhao

The seaborne coking coal spot market was mostly quiet on Wednesday July 18 amid bearish sentiment due to expectations of a further weakening of the Chinese yuan. ...Read More

Taiwan's ferrous scrap imports up 11% in May

July 18, 2018 / Paul Lim

Taiwan's ferrous scrap imports increased by 11% on the year in May, according to the territory's customs agency....Read More

LIVE FUTURES REPORT 18/07: Dollar strength unsettles LME base metals; copper, nickel prices down

July 18, 2018 / Hassan Butt

Base metals on the London Metal Exchange were mostly lower during morning trading on Wednesday July 18, impeded by a strong advance in the US dollar index amid persistent pressure from escalating global trade tensions. ...Read More

CHINA REBAR: Domestic prices flat on stable futures

July 18, 2018 / Jessica Zong

China's domestic rebar prices stopped falling on Wednesday July 18 amid stability in the futures market. ...Read More

MB NON-FERROUS PRICE CHANGES 18/07: Minor metals

July 18, 2018 / editorial@metalbulletin.com

The following Metal Bulletin minor metals prices changed on Wednesday July 18:...Read More

MINOR METALS MARKET REPORT 18/07: Deals in short supply over long summer; manganese price edges up on supply tightness

July 18, 2018 / Jethro Wookey

An overview of the minor metals markets and the reasons for any price moves. Read More

EU sets provisional safeguarding quotas to combat knock-on effect of US Section 232 tariffs

July 18, 2018 / Maria Tanatar

The European Commission has set preliminary safeguard measures for imports of 23 steel products, it said on Wednesday July 18.The provisional measures will take the form of a Tariff Rate Quota (TRQ) for each of the 23 categories of product. Tariffs of 25% will only be imposed once imports exceed the average of imports over the past three years.The quota will be allocated "on a first come, first se...Read More

LME cash nickel downtrend, ample supply hit US stainless scrap prices

July 18, 2018 / James Lawrence

Stainless steel scrap prices in the United States have followed the downward trend in the London Metal Exchange's cash nickel contract....Read More

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES 18/07

July 18, 2018 / editorial@metalbulletin.com

The following Metal Bulletin UK non-ferrous scrap and foundry ingot prices changed on Wednesday July 18:...Read More

PRICING NOTICE: Proposal to launch UK domestic, European import grade-316 alloy steel scrap price assessments

July 18, 2018 / Viral Shah

Metal Bulletin is proposing to launch four weekly grade-316 alloy steel scrap assessments - two for the UK and two for Europe.Metal Bulletin is proposing to launch two weekly UK domestic grade-316 alloy steel scrap assessments on a delivered to merchant basis, ? per tonne.Metal Bulletin is also proposing to launch two weekly Europe import grade-316 alloy steel scrap assessments on a cif main Euro...Read More

British Steel to upgrade Scunthorpe wire rod line in 2019

July 18, 2018 / Ross Yeo

UK long steel producer British Steel has announced plans to upgrade its wire rod line at Scunthorpe in England in 2019, to produce material in a wider range of sizes (up to 28mm) and to tighter tolerances, with better surface quality and micro-structural properties....Read More

Brazilian flat steel imports up 23% in June

July 18, 2018 / Felipe Peroni

Brazilian flat steel import volumes rose by 23.13% year-on-year in June 2018, mostly because of higher inbound shipments from China....Read More

One Part Dollar, One Part Sellers

Jul 17 2018 6:36PM / Kitco Commentary

Gold broke below its major support level at $1,238 today in reaction to the Federal Reserve Chairman Jerome Powell’s testimony to the Senate Banking Committee. Gold futures (August Comex contract) closed dramatically lower settling at $1,227.50, losing $12.20, a net decline of almost a full percentage point.Spot gold pricing lost $12.20 by 4:00 PM Eastern standard time and is currently fixed...Read More

China, Japan add U.S. Treasuries holdings in May -data

Jul 17 2018 4:18PM / Reuters

NEW YORK, July 17 (Reuters) - China and Japan increased their holdings of U.S. government debt in May, as foreign purchases of Treasuries rose for the first time in three months while benchmark 10-year yield hit a near seven-year peak, data from the Treasury Department showed on Tuesday.Overseas investors bought $26.7 billion in Treasuries in May, compared with $4.78 billion in sales in April.Chin...Read More

Trump tries to calm political storm over Putin summit, says he misspoke

Jul 17 2018 3:47PM / Reuters

WASHINGTON (Reuters) - U.S. President Donald Trump tried on Tuesday to calm a storm over his failure to hold Russian President Vladimir Putin accountable for meddling in the 2016 U.S. election, saying he misspoke in a joint news conference in Helsinki on Monday.Trump stunned the world by shying away from criticizing the Russian leader for Moscow’s actions to undermine the election and cast d...Read More

FREE MCX TIPS Nickel Intraday – Buy Nickel Jul at CMP 930.20 for Target 937.50 – 942.60 with SL below price 924.60

17/07/2018 2:34 PM / Administrator

Nickel Intraday – Buy Nickel Jul at CMP 930.20 for Target 937.50 – 942.60 with SL below price 924.60 Read More

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