Turkish steel producers have booked more deep-sea scrap for May deliveries, but prices fell amid weak finished steel markets, sources said on Wednesday April 18.One steel producer booked a US cargo, comprising 15,000 tonnes of HMS 1&2 (80:20) at $355 per tonne and 15,000 tonnes of shredded at $360 per tonne cfr, late on Tuesday April 17. The cargo was scheduled to be shipped in the second hal...Read More
The latest bids, offers and deals in the global markets for ferrous scrap products. Latest transactions: HMS, shredded, bonus, railTurkey, import, 15,000 tonnes of HMS 1&2 (80:20) traded at...Read More
The seaborne iron ore market continued to pick up strength on Wednesday April 18 on a fixed-price basis though premiums for index-linked cargoes continued to soften.Metal Bulletin 62% Fe Iron Ore Index: $65.88 per tonne cfr Qingdao, up by $1.37 per tonneMetal Bulletin 58% Fe Premium Index: $53.10 per tonne cfr Qingdao, up by $0.88 per tonneMetal Bulletin 65% Fe Iron Ore Index: $83.90 per tonne cfr...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, sold at $64.13 per tonne cfr China, laycan May 4-13.Rio Tinto, 170,000 tonnes of 61% Fe Pilbara Blend...Read More
Seaborne coking coal prices fell further on Wednesday April 18 amid subdued demand for the steelmaking raw material. Half a Panamax cargo of a top Australian brand changed hands at $199.50 per tonne cfr China while the other half was traded against an index, sources told Metal Bulletin during the day. A similar product was heard offered at $198 per tonne cfr China on Wednesday. A cargo of premium...Read More
Nickel premiums in Shanghai fell to their lowest since July 2017 on a bigger negative arbitrage and concerns over potential sanctions on Nornickel, with US premiums stable on strong demand and Europe premiums unchanged while traders watch for potential sanctions. Chinese nickel premiums fall to nine-month low on concerns of potential sanctions Nickel premiums stable, with participants watchi...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday April 18*Copper -$98.37 (-619.99 yuan) Aluminium -$657.29 (-4142.78 yuan) Zinc -$59.67 (-376.12 yuan) Nickel -$1398.47 (-8814.25 yuan) * Metal Bulletin calculates the...Read More
The market for cobalt sulfate is becoming more mature, market participants said on the sidelines of Metal Bulletin's Battery Materials Conference, in Shanghai, which is being held Wednesday-Thursday April 18-19.Emerging traders are getting involved in the spot market and are showing extensive interest in considering the commodity as an investment material, just like cobalt metal, they added.Cobalt...Read More
Base metals prices on the London Metal Exchange are on divergent paths so far this morning, Wednesday April 18, despite the strong risk sentiment seen across wider financial markets following solid earnings results and the surprise monetary easing announced by China's central bank. Nickel (+3.5%), Aluminium (+1.2%) and copper (+0.7%) are trading positively, while the rest of the complex was down b...Read More
The Taiwanese authorities have initiated anti-dumping and countervailing duty investigations into imports of various Chinese steel products, as part of an attempt to be exempted from United States Section 232 import tariffs.The anti-dumping probe involves Chinese imports of stainless hot-rolled and cold-rolled carbon steel, according to an April 17 statement by the territory's Ministry of Finance....Read More
The following Metal Bulletin UK non-ferrous scrap and foundry ingot prices changed on Wednesday April 18:Aluminium scrap Group 1 pure 99% & litho: ?1,390-1,440 per tonne from ?1,360-1,410 Commercial pure cuttings:...Read More
Aluminium Positional Tips – Aluminium Positional April buy call 4e1 given at price 138.50 Achieved 1st Target 155 & 2nd Target 159. Made 160 today. Profit of 20.5 Points per lotTIPS ID 4e1 : Aluminium Positional Tips - BUY Aluminium today at CMP 138.50 & Hold upto April Contract for Target 155 - 159 with SL below price 131AFTER POST CONTENT Read More
Aluminium Positional Call – SELL Aluminium at CMP 158.80 Add more at price 160 with SL Above 161 for Target 155 – 153AFTER POST CONTENT Read More
Zinc Call – Zinc SELL Cal l608 given at Price 206.80 Triggered SL hit at price 208. Total 1.20 Points SL hit in Zinc TipsTIPS ID 608 : Zinc Intraday - SELL Zinc at CMP 206.80 for Target 205.80 - 205.10 with SL Above price 208AFTER POST CONTENT Read More
Image Courtesy of Flickr user "warrenski" (Kitco News) - Forget drilling or using heavy machinery to get to gold — a lab in the U.S. found a new way to mine for the yellow metal by simply applying ultrasonic waves to discarded SIM cards.“We've had centuries to sort out the best ways to mine gold, but we haven't put a whole lot of thought into the best ways we can get gold from thi...Read More
Zinc Intraday – SELL Zinc at CMP 206.80 for Target 205.80 – 205.10 with SL Above price 208AFTER POST CONTENT Read More
Copper Live – Copper SELL at CMP 446.20 Add more at price 448 for Target 443.20 – 441.00 with Small SL Above price 449.10AFTER POST CONTENT Read More
Today is a mixed bag, with gold futures trading modestly lower and physical gold gaining slightly. Gold futures based on the most active June 2018 Comex contract closed down by $0.50 on the day and is currently fixed at $1,350.20. At the same time, physical or spot gold is trading up by approximately $1.60 at $1,347.28U.S. equities continuing to make their dramatic ascent indicates a market sentim...Read More
Aluminium Calls – Aluminium SELL Call 5ff given at price 158.25 Achieved 2nd Target 156.50 (CMP 155.40) Total profit of 1.75 x 2 lot = 3.5 Points5ff : Aluminium Call - SELL Aluminium at CMP 158.25 for Target 157.25 - 156.50 with SL Above price 159.35AFTER POST CONTENT Read More
Tips for Aluminium – Aluminium SELL Call 5ff given at price 158.25 Achieved 1st Target 157.25 CMP 157.10. Total profit of 1.15 x 2 lot = 2.30 Points Profit5ff : Aluminium Call - SELL Aluminium at CMP 158.25 for Target 157.25 - 156.50 with SL Above price 159.35AFTER POST CONTENT Read More