Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday April 20*Copper -$104.28 (-656.70 yuan) Aluminium -$691.04 (-4,351.66 yuan) Zinc -$58.63 (-369.20 yuan) Nickel -$1,331.18 (-8,382.82 yuan) * Metal Bulletin calculates the...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The following Metal Bulletin minor metals prices changed on Friday April 20:Antimony MB free market regulus, $/tonne: $8,200-8,350 per tonne from $8,350-8,450 Antimony MMTA standard grade II, $/tonne: $8,200-8,350 per tonne from $8,300-8,450 Cadmium MB free market min 99.95%, cents/lb:...Read More
An overview of China's minor metals markets in the week of April 16-20 and the reasons for any price moves.Read More
Compagnie de Tifnout Tiranimine (CTT) has resumed cobalt production at its plant after operational difficulties resulted in a one-week closure. Operations restarted at the plant in Morocco this week and production is ramping up to normal levels, a source close to...Read More
Base metals traded on the London Metal Exchange have come under downward pressure this morning, Friday April 20, with the complex posting an average loss of 1.1% amid healthy trading volumes.Nickel (-2.9%) and aluminium (-1.1%) have been hit the most, which is not surprising after the substantial gains both metals made earlier this week. They remain the star performers in the week to date, with al...Read More
The base price assessments for both flat and long stainless steel products in Europe have remained unchanged over the past week amid low market activity and volatility in the nickel price, sources told Metal Bulletin on Friday April 20.Metal Bulletin's weekly base price assessment for 2mm, grade-304 cold-rolled (CR) stainless steel sheet was stable week-on-week at ?,?1,050-1,100 ($1,298-1,360) per...Read More
China's ferrous futures trended downward during morning trading on Friday April 20 after a couple of days of strong gains. Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,475 yuan ($553.50) per tonne, down 15 yuan per tonne October hot-rolled coil: 3,606 yuan per tonne, down 1 yuan per tonne Dalian Commodity Exchange September iron ore: 468.50 yuan per tonne, do...Read More
China's domestic stainless steel prices increased over the past week due to a recovery in demand and strong gains in the London Metal Exchange's nickel price.Metal Bulletin's assessment of prices for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,100-15,000 yuan ($2,246-2,389) per tonne including VAT for the week ended Thursday April 19, up 400-500 yuan per tonne from...Read More
The following Metal Bulletin non-ferrous European free market scrap prices changed on Friday April 20:Aluminium scrap Floated Frag: ?,?1,270-1,310 per tonne from ?,?1,265-1,285 Cast:...Read More
The UK inter-merchant price range for austenitic alloy steel products rose by ?30-60 per tonne this week when the price of nickel rose sharply on concerns about further sanctions being imposed by the United States, sources said on Friday April 20.Metal Bulletin's weekly price assessment for inter-merchant 18/8 scrap solids in the UK reached its highest level since July 2014 at ?980-1,040 ($1,389...Read More
Import prices for containerized heavy melting scrap (HMS) in Taiwan remained stable this week amid thin trading.Metal Bulletin's assessment of import prices for United States-origin HMS 1&2 (80:20) sold into Taiwan was $330-335 per tonne cfr for the week ended Friday April 20, unchanged from a week earlier.US-origin scrap was offered at $335-340 per tonne cfr Taiwan this week, unchanged from the p...Read More
Copper Carry Call – BUY Copper at CMP 456.20 for Target 459 – 460 with SL below price 452.60AFTER POST CONTENT Read More
Mcx Nickel – nickel sell call 653 given at price 993 Achieved Target level 982 CMP 982. Total profit of 11 Points x 2 lot = 22 Points653 : Tips for Nickel - SELL 2 lot Nickel at CMP 993 for Target 982 with SL Above price 1003AFTER POST CONTENT Read More
Tips for Zinc – SELL Zinc at CMP 212.10 for Target 211.20 – 210.60 with SL Above price 213.10AFTER POST CONTENT Read More
Tips for Nickel – SELL 2 lot Nickel at CMP 993 for Target 982 with SL Above price 1003AFTER POST CONTENT Read More
Gold is trading unchanged on the day, but only until you factor in dollar strength. As of 3:15 PM Eastern standard time, physical gold is currently trading off by $4.30 and is fixed at $1,344.90. However, the KGX (Kitco Gold Index) reveals that dollar strength accounts for all of today’s $4.30 decline. Market participants have not affected current pricing with regular trading resulting in pr...Read More
Copper Target Today – Copper Sell call 63a given at price 462.20 Achieved 2nd Target 457. CMP 456.70. Total profit 5.2 x 2 lot = 10.4 PointsTIPS ID 63a : Today Copper Call - SELL Copper at CMP 462.20 for Target 458 - 457 with SL Above price 465.10. RISK Taker trade 2 lotsAFTER POST CONTENT Read More
Today Nickel Call – Nickel SELL Call 646 given at price 1046.50 Achieved 2nd Target 1020. CMP 1017. Total 26.5 Points per lot profit in Nickel tips646 :Nickel Tips - SELL Nickel at CMP 1046.50 for Target 1030 - 1020 with SL Above price 1061AFTER POST CONTENT Read More
Intraday Copper – Copper SELL Call 63a given at price 462.20 Achieved 1st Target 458. CMP 457.50. Total profit of 4.7 x 2 lot = 9.40 PointsTIPS ID 63a : Today Copper Call - SELL Copper at CMP 462.20 for Target 458 - 457 with SL Above price 465.10. RISK Taker trade 2 lotsAFTER POST CONTENT Read More