The annual convention of the Institute of Scrap Recycling Industries (ISRI) made its biennial visit to the lights and glamour of Las Vegas, in the US state of Nevada, from Saturday April 14 until Thursday April 19.There were all the signs of a boom period for the steel industry at the event, with the exhibition hall of the city's Mandalay Bay Hotel packed with displays of the latest technology and...Read More
The Turkish deep-sea scrap market remained quiet on Monday April 23 because of a national holiday in the country.The Turkish market was closed while the country celebrated National Sovereignty Day and Children's Day.Due to the lack of fresh deep-sea transactions, the daily scrap indices...Read More
Prices for physical iron ore rose on Monday April 23 following gains in the paper market, though Chinese mills continued to take a cautious approach despite the gains.Metal Bulletin 62% Fe Iron Ore Index: $67.67 per tonne cfr Qingdao, up by $0.61 per tonneMetal Bulletin 58% Fe Premium Index: $55.98 per tonne cfr Qingdao, up by $0.30 per tonneMetal Bulletin 65% Fe Iron Ore Index: $85.60 per tonne c...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreRio Tinto, tender, 170,000 tonnes of 61% Fe Pilbara Blend fines,...Read More
The seaborne coking coal market tumbled further on Monday April 23 after a trader sold two cargoes at prices much lower than previously transacted levels.The trader sold a cargo of premium low-vol hard coking coal at $185 per tonne cfr China during the day. This puts it $10 per tonne lower than a transaction involving the same Australian brand last Friday and just $2 per...Read More
The seaborne iron ore concentrate market slowed down last week amid reduced trading activity and a slight drop in premiums. The weekly Metal Bulletin 66% Fe Iron Ore Concentrate Index was at $87.88 per tonne cfr China last Friday April 21, down $1.39 per tonne - or 1.5% - from a week earlier. The daily Metal Bulletin 65% Fe Iron Ore Index averaged $83.66 per tonne cfr China over the week, up $1.66...Read More
China's ferrous futures soared across the board on Monday April 23, after major mill Shagang increased its steel prices over the weekend.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,550 yuan ($55) per tonne, up 70 yuan per tonne October hot-rolled coil: 3,684 yuan per tonne, up 62 yuan per tonne Dalian Commodity Exchange September iron ore: 480.50 yuan per to...Read More
The US Department of the Treasury's Office of Foreign Assets Control (OFAC) will not impose secondary sanctions on non-US persons for engaging in the same activity involving Rusal or its subsidiaries that the General License 14 authorizes, according to a statement on Monday April 23."Rusal has felt the impact of US sanctions because of its entanglement with Oleg Deripaska, but the US government is...Read More
Antimony prices continued to experience downward pressure last week amid weakening demand and increasing availability in the spot market.Metal Bulletin assessed the MMTA standard grade II antimony, in-warehouse Rotterdam price at $8,200-8,350 per tonne on Friday April 20, down from the mid-week assessment of $8,300-8,450 per tonne when prices had fallen from $8,400-8,550 per tonne.The trioxide gra...Read More
The latest metal markets news and price moves to start the North American day on Monday April 23.Base metals on the London Metal Exchange are largely mixed during morning trading on Monday April 23, with nickel's price falling 1.7% alongside continued strength from aluminium.Here's how LME base metals...Read More
Chinese silicon metal prices continued to dip in the latest pricing session but the drops were capped by local refineries who increased up their offer prices to support the market, Metal Bulletin learned. Metal Bulletin's Chinese grade 553 silicon price dropped by 0.8% to $1,880-1,950 per tonne on Friday April 20, from $1,900-1,960 one week ago. The Chinese grade 553 silicon export price hit...Read More
Manganese flake prices jumped more than 14% on Friday April 20 to its highest level since December 2016 on a continued supply squeeze in Europe. Metal Bulletin assessed the manganese flake in-warehouse Rotterdam price at $2,275-2,450 per tonne on Friday, up 14.1% on the previous assessment and the highest it has been since December 2016. "All the material has been purchased. There is absolute...Read More
The base metals traded on the London Metal Exchange have kicked off the new trading week with a broadly positive performance this morning, Monday April 23.Sanction-hit aluminium leads on the upside with a gain of 0.8%, followed by lead, copper and zinc, which are up by 0.7%, 0.6% and 0.4% respectively. Nickel and tin are bucking the uptrend, however, with losses of 0.8% and 0.1% respectively. With...Read More
China has granted import quotas for copper scrap this year that are reduced by 83.7% from a year ago, in its first 10 rounds of approvals for solid waste import licenses, according to calculations made by Metal Bulletin.Licenses for total imports of 463,916 tonnes of copper scrap (HS code 7404.0000.10) have been granted so far in 2018, compared with 2.84 million tonnes a year ago, according to off...Read More
My long-term subscribers and readers of my daily column know that I have an intrinsic bias towards gold. This bias is in relationship to the finite quantity of gold when compared to fiat currencies. Gold and silver were utilized as some of the earliest forms of currencies. The earliest types of government currencies were minted coins made of gold and silver. More importantly, the value of those co...Read More
Zinc Target – Zinc Mcx BUY Call 66b given at price 213.65 Achieved 1st Target 215.10 CMP 215.85. Near to 2nd Target. profit of 2.2 x 2 lot = 4.40 Points66b : Zinc Call - BUY Zinc at CMP 213.65 for Target 215.10 - 216.20 with SL below price 212.0. Trade with 2 lotsAFTER POST CONTENT Read More
Copper Carry – Mcx Copper Buy carry call 65b given at price 456.20 Achieved 2nd Target 460. CMP 460.05. Total Profit of 3.8 x 2 lot = Rs 7600 / 7.6 Points65b : Copper Carry Call - BUY Copper at CMP 456.20 for Target 459 - 460 with SL below price 452.60AFTER POST CONTENT Read More
Copper Commodity – Mcx Copper BUY Carry call 65b given at price 456.20 Achieved 1st Target 459. (Made 459.90) Total profit made 2.8 x 2 lot = 5.60 Points65b : Copper Carry Call - BUY Copper at CMP 456.20 for Target 459 - 460 with SL below price 452.60. RISK Taker trade 2 lotsAFTER POST CONTENT Read More
Copper Today Tips – Copper BUY Call 673 given at price 457.50 Achieved 1st Target 459.80 (Made 459.90) Total Profit of 2 Point x 2 lot = Rs 4000 / 4 PointsTIPS ID 673 : Tips for Copper - Copper BUY at CMP 457.50 for TGT 459.80 - 461 with SL below price 454.90 (2.6 Points SL)AFTER POST CONTENT Read More
Nickel Target Level Today – Nickel Mcx BUY Call 672 given at 964 (968+960) Achieved 1st Target 978 & 2nd Target 985 CMP 985.20. Profit of 19 x 2 lot = 38 Points672 : Nickel Call - BUY Nickel at CMP 968 Add more at price 960 with SL 955 for Target 978 - 985AFTER POST CONTENT Read More