Brazilian iron ore export volumes to China fell by 13.08% year-on-year in March, amid lower sales prices.Shipments amounted to 17.81 million tonnes, against 20.49 million tonnes a year before, according to figures released by Brazilian foreign trade ministry MDIC late on Friday April 6.In the same comparison, the average fob iron ore export price to China...Read More
Metals recycling company Sims UK recorded a rise in earnings of 163.63% year-on-year in 2017 on healthier export demand for ferrous scrap.Earnings before interest, taxes, depreciation and amortization (Ebitda) at Sims UK rose to ?29 million ($41 million) from July 2016 to June 2017, compared with ?11 million in the preceding 12 months, the firm said in a filing to Companies House, the UK's offic...Read More
Turkish domestic ship scrap prices have fallen slightly with the Turkish lira weakening against the US dollar, while auto bundle scrap prices remained flat, sources said on Monday April 9.Metal Bulletin's weekly price assessment for melting scrap from shipbreaking in the Turkish domestic market fell to $341-350 per tonne delivered, down from last week's $343-353 per tonne.The downward movement in...Read More
The seaborne iron ore market was largely unchanged on Monday April 9 amid stable billet prices over an extended weekend in China. Metal Bulletin 62% Fe Iron Ore Index: $63.95 per tonne cfr Qingdao, up by $0.38 per tonneMetal Bulletin 58% Fe Premium Index: $52.21 per tonne cfr Qingdao, up by $0.42 per tonneMetal Bulletin 65% Fe Iron Ore Index: $81.70 per tonne cfr Qingdao, up by $1 p...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 $62.62 per tonne cfr China, laycan May 13-22.Vale, Beijing Iron Ore Trading Center (Corex), 170,000 tonnes of...Read More
Seaborne coking coal prices retreated on Monday April 9 amid ample offers and an alleviation of concerns over the weather in Australia's coal-producing region. A cargo of premium hard coking coal was traded at $191 per tonne fob Australia during the day, market sources told Metal Bulletin. An ex-China buyer source said that he had received offers for several cargoes of premium products from seller...Read More
Cobalt prices consolidated their recent gains last week, underpinned by strong underlying demand, but they rose at a slower pace than was seen in March.Metal Bulletin assessed low-grade cobalt prices at $43.25-44.25 per lb, in-warehouse, on Friday April 6. This was up from the midweek assessment of $42.85-44.25 per lb, and the assessment on March 30 at $42.50-44.25 per lb.High-grade cobalt metal p...Read More
With the annual Minor Metals Trade Association conference kicking off on Wednesday April 11 in Montreal, Canada, Metal Bulletin looks at few of the key topics that are influencing the minor metals markets. There is a general bullishness in the minor metals markets heading into the conference this year. Globally, the macroeconomic picture has been improving in terms of demand for key industries req...Read More
Silicon prices are down in Europe due to a weaker Chinese silicon export market.Metal Bulletin assessed the grade 553 silicon, in-warehouse Rotterdam price at ?,?2,165-2,200 ($1,885-1,916) per tonne on Friday April 6, from ?,?2,190- ?,?2,225 per tonne in the previous assessment.The grade 441 silicon price was also down at ?,?2,275-2,325 per tonne, compared with...Read More
Base metals prices on the London Metal Exchange are for the most part stronger this morning, Monday April 9. Zinc is the exception with a 0.6% decline, while the rest are up between 2.8% for aluminium ($2,113 per tonne) and 0.2% for tin. Copper prices are up by 1.1% at $6,831 per tonne.Volume has been extremely high at 24,925 lots - the bulk of that has been seen in aluminium (11,180 lots) where t...Read More
Italian flat steel distributor ArcelorMittal CLN Distribuzione Italia (AM CLN) and special steel producer Industeel last week acquired majority ownership of European stainless and alloy steel distributor Centro Servizi Metalli (CSM), AM CLN said on Monday April 9.AM CLN acquired a 42.39% share of CSM, which has three processing and distribution sites in Italy, France and Poland, as well as sales o...Read More
China Nonferrous Mining Corp's (CNMC) Lualaba copper smelter will launch in 2020 and produce 120,000 tonnes of blister copper annually in the Democratic Republic of Congo (DRC), the company said on Monday.Construction of the $440 million smelter officially began on March 28 in the suburb of Lualaba province, according to the statement. The facility is expected to commence in two years and process...Read More
The challenge facing the world's major copper miners is how to tread the fine line between keeping capital expenditure in check while bringing new capacity online to take advantage of future higher prices. With memories of the 2008-09 global financial crisis fresh in the minds of company executives and management boards, the focus over the past several years has been on cutting costs, selling non-...Read More
The challenge facing the world's major copper miners is how to tread the fine line between keeping capital expenditure in check while bringing new capacity online to take advantage of future higher prices. With memories of the 2008-09 global financial crisis fresh in the minds of company executives and management boards, the focus over the past several years has been on cutting costs, selling non-...Read More
(Kitco News) - All the trade war rhetoric between the U.S. and China is creating demand for gold, with Chinese investors embracing gold ETFs as a safe-haven option in case things get worse.China’s Bosera Gold ETF is on track to see biggest gains since being listed in Shenzhen in 2014 after already adding $553.8 million this year, Bloomberg reported.Bosera is the top third commodity ETF of 20...Read More
FREE ZINC POSITIONAL TIPSFree Zinc Positional Tips – Zinc Hold BUY Call 4a1 given at price 209.55 (210.10+209) CMP 211.55. Low risk taker book 2 Point x 2 lot = 4 Points / Rs 20000. RISK taker wait for TGT4a1 : Zinc Positional Call - BUY Zinc at CMP 210.10 Add more if price 209 with SL 207.90 (2.20 Points SL). For Target 212.20 - 214 - 215.50AFTER POST CONTENT Read More
Aluminium Target – Mcx Aluminium BUY Positional Call 479 given at price 128.80 Achieved 1st Target 130 & 2nd Target 132. CMP 132.20. Total profit of 3.20 Points per lot479 : Aluminium Carry Call - BUY Aluminium at CMP 128.80 for Target Tomorrow at price 130 - 132 with SL below price 126.80AFTER POST CONTENT Read More
Free Lead Intraday Call – Lead Mcx SELL Call 494 Advised at price 154.55 Achieved 2nd Target level 153.30. CMP 153.10. Total profit made 1.3 x 2 lot = 2.60 Points / Rs 13000Mcx Lead Call - SELL Lead at CMP 154.55 for Target 153.70 - 153.30 with SL Above price 155.50. Trade 2 lotsAFTER POST CONTENT Read More
In his latest action, President Trump fired his next shot today by ordering a review of additional tariffs. This action prompted an immediate and strong response from China. As reported in Bloomberg Politics, "At almost the same time as Trump spoke, a senior Chinese government official in Beijing repeated a vow from earlier that day that the country would 'retaliate immediately, intensively, witho...Read More
TODAY NICKEL TARGET TIPSToday Nickel Target Tips – nickel Sell call 49c given for 2 lot at 855.80 Achieved Target level 850. CMP 848.50. Total profit made 5.8 x 2 lot = 11.60 PointsCALL ID 49c : Nickel Trading call - SELL Mcx Nickel at CMP 855.80 for Target 850 with SL Above price 860 with 2 lotsAFTER POST CONTENT Read More