China's rebar, coke and iron ore futures fell during morning trading on Tuesday May 22, while the hot rolled coil and coking coal contracts ended the session largely flat.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,586 ($561) per tonne, down 20 per tonneOctober hot-rolled coil: 3,778 yuan per tonne, down 1 per tonneDalian Commodity Exchange September iron or...Read More
China's domestic hot-rolled coil prices decreased slightly on Tuesday May 22 amid sparse trading. DomesticEastern China (Shanghai): 4,240-4,260 yuan ($664-667) per tonne, down 10 yuan per tonneNorthern China (Tianjin): 4,080-4,100 yuan per tonne, down 10 yuan per tonneBuyers procured materials at a lower rate on seeing the benchmark HRC futures contract trade below Monday's settlement price of 3,7...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday May 22*Copper -$94.87 (-606.25 yuan) Aluminium -$505.76 (-3,231.80 yuan) Zinc -$8.14 (-52.01 yuan) Nickel -$487.85 (-3,117.36 yuan) *Metal Bulletin calculates the physical arbitrage for import into...Read More
China's domestic and export prices for rebar fell on Tuesday May 22 on weakening futures. Domestic Eastern China (Shanghai): 3,900-3,950 yuan ($611-618) per tonne, down 50 yuan per tonneNorthern China (Beijing): 3,880-3,900 yuan per tonne, down 10-20 yuan per tonneThe continual drop in the futures market over the past few days put pressure on spot rebar prices. In east China, prices experienced a...Read More
Canada-based minerals supplier Cobalt 27's Electric Metals Streaming subsidiary has entered a metal purchase and sale agreement with Ramu Nickel (RNL) for cobalt and nickel produced at the Ramu mine in Papua-New Guinea, Metal Bulletin has learned.Under the agreement, Cobalt 27 will have the right to purchase 55% of RNL's share of cobalt metal produced at Ramu, and 27.5% of its nickel, for the life...Read More
The rally in manganese flake prices is likely to resume after production cuts at Ningxia Tianyuan, the world's biggest manganese flake producer, market participants told Metal Bulletin. Ningxia Tianyuan has reduced manganese flake output by around 16,000 tonnes per month due to one of its three facilities closing down for maintenance, a source at the company told Metal Bulletin. Ningxia Tianyuan h...Read More
Three-month base metals prices on the London Metal Exchange were little changed to weaker on the morning of Tuesday May 22, with prices down by an average of 0.3%. This was skewed, however, by losses of around 0.6% in aluminium, nickel and zinc. Copper was off by 0.1% at $6,894 per tonne.Volume on the LME has been average with 5,183 lots traded as at 07.02 am London time. This follows a strong per...Read More
Cobalt prices continued to slide last week as muted buying activity and uncertainty over market direction met cheaper offers from last year's opportunistic buyers. Metal Bulletin's benchmark price assessment for low-grade cobalt was $42.85-43.85 per lb, in-warehouse, on Friday May 18, down 0.57% over the course of the week. High-grade cobalt prices settled at $42.85-44 per lb on Friday, down...Read More
A subsidiary of German steelmaker Salzgitter, Mannesmann Stainless Tubes, has acquired French stainless steel tube manufacturer Soci?(C)t?(C) Technique d'Etirage de Pr?(C)cision (Sotep).The acquisition will see Mannesmann Stainless Tubes extend its product portfolio and sales markets, Salzgitter said on Tuesday May 22.All parties involved in the deal agreed not to disclose the purchase price.The s...Read More
High Risk Call – SELL Zinc at CMP 211.30 for Target 210.30 – 209.70 with SL Above price 212.20AFTER POST CONTENT Read More
Gold closed fractionally higher after trading to the lowest price this year. Trading $10 lower and under pressure today, gold reached an intraday low of $1,281.20. The last time gold traded to $1,281 was December 22 of last year. The key distinction was that, during December 2017, gold had begun a dynamic rally after hitting a low at $1,238.Today’s dynamic price reversal occurred as a direct...Read More
ALUMINIUM FREE TARGET TIPSAluminium Free Target – Aluminium BUY Call 93a given at 154.50 Achieved 1st 155.50 & 2nd Target 156.20. Total profit of 1.7 x 2 lot = 3.4 Points / Rs 17000 ProfitTIPS ID 93a : Tips for Aluminium Mcx - BUY 2 lot Aluminium at CMP 154.50 for Target 155.50 - 156.20 with SL below price 153.45AFTER POST CONTENT Read More
(Reuters) - U.S. stocks rallied on Monday after the United States and China put their trade differences “on hold” to work on a wider agreement, while sentiment was also boosted by the nearly $28 billion worth of merger deals.The truce sparked a broad rally, with the Dow Jones Industrial Average .DJI up more than one percent. The small-cap Russell 2000 hit a record high for the fourth...Read More
WASHINGTON (Reuters) - The U.S. Senate confirmed Gina Haspel on Thursday to be director of the CIA, ending a bruising confirmation fight centered on her ties to the spy agency’s past use of waterboarding and other brutal interrogation techniques.Haspel, who will be the first woman to lead the CIA, is a 33-year veteran at the agency currently serving as its acting director. The tally was 54-4...Read More
ROME (Reuters) - Italian President Sergio Mattarella needs time to consider a request by the anti-system 5-Star Movement and far-right League to nominate a political novice as prime minister, a source close to the president said on Monday.The 5-Star and League earlier in the day asked the president to appoint a little-known law professor, Giuseppe Conte, to head the coalition government they want...Read More
Aluminium Mcx Tips – Aluminium BUY Call 93a given at 154.50 Achieved 1st Target 155.50. CMP 155.50. profit of 1 Point x 2 lot = 2 points / Rs 10000TIPS ID 93a : Tips for Aluminium Mcx - BUY 2 lot Aluminium at CMP 154.50 for Target 155.50 - 156.20 with SL below price 153.45AFTER POST CONTENT Read More
Today Nickel Intraday – BUY Nickel at CMP 997.3 for Target 1004 – 1009 with SL below price 989AFTER POST CONTENT Read More
Free Nickel Trading tips – Nickel Mcx BUY Call 93d given at price 993.40 Achieved 1st Target 999.40. (Made 999.50) Total profit of 6 x 2 lot = 12 Points93d : Nickel Call - BUY 2 lot Nickel at CMP 993.40 for Small Target 999.40 - 1004.40 with Small SL 989.40AFTER POST CONTENT Read More
Lead Tips – Lead Sell call 93b given at price 159.50 Triggered SL at price 160.80. Total 1.3 Points SL hit in Lead tips93b : Mcx Lead - SELL Lead at CMP 159.50 for 158.50 - 157.60 - 157.10 with SL Above price 160.80AFTER POST CONTENT Read More
Today LME Stock Inventory : 21/05/2018ALUMINIUM -9275 MT,COPPER +1425 MT,NICKEL -2172 MT,LEAD -450 MT,TIN +10ANDZINC -350AFTER POST CONTENT Read More