Key data from the Wednesday May 9 pricing session in Shanghai.Cobalt metal - Falling cobalt metal futures prices in China dampened sentiment in the domestic spot market, resulting in lower spot quotations.- The May cobalt contract price on the Wuxi Stainless Steel Exchange in China closed at 573,500 yuan ($90,028) per tonne on Wednesday, down from 623,500 yuan per tonne a week earlier.- Sentiment...Read More
Base metals prices on the London Metal Exchange were more negative than positive on the morning of Thursday May 10, with all of the metals, except for tin (+0.2%) and lead (0.0%), down by an average 0.6%. Aluminium prices led the decline with a 1.1% drop to $2,330 per tonne, while copper prices were down by 0.1% at $6,811 per tonne.Volume on the LME has been below average, with 4,769 lots traded a...Read More
East Asia's stainless steel market strengthened slightly over the past week, with elevated nickel prices keeping mills under pressure to raise their offers.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm trimmed cold-rolled coil was $2,230-2,310 per tonne cif East Asian ports for the week ended Wednesday May 9, up $10-60 per tonne from a week earlier. Metal Bulletin's assessm...Read More
Chinese aluminum ingot ADC 12 export prices to main Japanese ports (MJP) hit a six-week high on Wednesday May 9 following the one-month ban on US scrap imports to China, while consumers have looked for alternatives amid rising Chinese prices. Metal Bulletin's price assessment for Chinese aluminium alloy ADC 12 delivered to MJPs jumped to $2,000-2,100 per tonne on Wednesday from $1,970-1990 pe...Read More
Key data from the Wednesday May 9 pricing session in Shanghai.Please click on the above tables to view more in-depth pricing data about these assessments in Metal Bulletin's price book.Key drivers - Export prices rose to a six-week high on concerns that supply of scrap raw materials used in the production of ADC 12 aluminium ingot could tighten after the Chinese government slapped a one-month ban...Read More
The price of imported steel billet and local rebar prices have been mostly unchanged in Egypt this week, sources told Metal Bulletin on Thursday May 10.The country's rebar biggest producer, Ezz Steel, is still offering material at E ?12,528 ($705) per tonne ex-works, including 14% VAT, while Beshay Steel, also a major domestic producer, is offering rebar at E ?12,525 per tonne ex-works including 1...Read More
The catchphrase “follow the money,” popularized by the 1976 film All the Presidents Men, suggested that if you’re looking for a motive behind an event, you simply need to follow the money. In the case of recent price declines in gold, the more appropriate catchphrase would be to “follow the dollar,” or more appropriately, follow the dollar index.The dollar index is th...Read More
Lead Intraday – SELL Lead at CMP 154.85 for Target 153.85 – 153.10 with SL Above price 156AFTER POST CONTENT Read More
Aluminium Tips Online – Aluminium BUY Call 81c given at price 160.20 (160.60+159.80) Triggered SL at price 159.10. Total 1.10 Points per lot SL hitTIPS ID 81c : Aluminium Today - BUY Aluminium at CMP 160.60 Add more if price 159.80 with SL Below 159.10 for Target 161.90 - 162.60AFTER POST CONTENT Read More
Free Copper Call – Copper BUY Call 80c Advised at price 454.85 (455.70+454) Advised to Carry. CMP 458.20. Low risk taker book 3.35 x 2 lot = 6.70 PointsTIPS ID 80c : Copper Carry Call - BUY Copper at CMP 455.7 Add more at price 454 with SL 452.70 for Target 459 - 461AFTER POST CONTENT Read More
Today LME Stock Report : 09/05/2018 Aluminium down by -21100MT,Copper down by -9600MT,Lead down by -450MT,Nickel down by -198MT &Zinc down by -950MT.AFTER POST CONTENT Read More
Aluminium Today – BUY Aluminium at CMP 160.60 Add more if price 159.80 with SL Below 159.10 for Target 161.90 – 162.60AFTER POST CONTENT Read More
Nickel Calls Today – SELL Nickel at CMP 934.80 for Target 926 – 921 with SL Above price 941.60AFTER POST CONTENT Read More
(Kitco News) - Gold and silver prices were near steady levels in early-afternoon U.S. trading Wednesday. Gold market bulls are fighting to hold the yellow metal above critical chart support at $1,300.00, and they have been successful so far, which has stabilized the market for the time being. June Comex gold futures were last down $0.50 an ounce at $1,313.20. July Comex silver was last up $0.073 a...Read More
Today Aluminium Intraday – Aluminum Sell call 815 given at price 161 Achieved 2nd Target 159.60. Made 159.45 low. Total profit of 1.4 x 2 lot = 2.8 PointsTIPS ID 815 : Aluminium Calls - Aluminium SELL at CMP 161 For Target 160.20 - 159.60 With SL Above 162. Trade 2 lotsAFTER POST CONTENT Read More
Aluminium Tips Online – Aluminium Sell call 815 given at price 161 Achieved 1st Target 160.20 (Made Exact low 160.20) Total profit of 0.8 x 2 lot = 1.6 PointsTIPS ID 815 : Aluminium Calls - Aluminium SELL at CMP 161 For Target 160.20 - 159.60 With SL Above 162. Trade 2 lotsAFTER POST CONTENT Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our market professional survey.Readers can al...Read More
Aluminium Calls – Aluminium SELL at CMP 161 For Target 160.20 – 159.60 With SL Above 162. Trade 2 lotsAFTER POST CONTENT Read More
Nickel Calls – SELL Mcx Nickel if price around 938 – 939 (CMP 936) for Target 931 – 924 with SL Above price 947.80. Enter at Specified LimitAFTER POST CONTENT Read More
(Kitco News) - Gold-backed exchange-traded funds saw their most significant level of inflows last month in more than a year as gold prices rose to a two-month high, according to the latest data compiled by the World Gold Council.The monthly investment data show that global gold ETFs increased their holdings by 72.2 tonnes to 2,481 tonnes in April. This is the second straight month of inflows and f...Read More