Base metals prices on the London Metal Exchange continued to rise during morning trading on Wednesday April 11, with aluminium's momentum continuing to eclipse the rest of the complex. "Aluminium continues to be the main story, and is dominated by recent sanctions against Rusal. If that material is not deliverable on the LME, I expect current sentiment to continue," Geordie Wilkes, head of researc...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Key data from the Wednesday April 11 pricing session in London.Key drivers: - Lack of crude raw material leads to lower output - Tomb-sweeping Day holiday in China from April 5-7...Read More
The following Metal Bulletin minor metals prices changed on Wednesday April 11:Minor metalsAntimony MB free market regulus, $/tonne: $8,450-8,550 per tonne from $8,500-8,600 per tonneAntimony MMTA standard grade II, $/tonne: $8,400-8,550 per tonne from $8,450-8,550 per tonneAntimony MB Chinese free market MMTA standard grade II,...Read More
Huayou New Energy, a full subsidiary of Huayou Cobalt, and LG Chem will invest in two joint ventures in Quzhou and Wuxi, China, respectively, to produce lithium-ion battery materials, according to a statement filed on the Shanghai Stock Exchange on Tuesday April 10.With a total investment of $159 million, Huajin New Energy Materials Co., Ltd will be located in Quzhou, Zhejiang province, and will b...Read More
Base metals prices on the London Metal Exchange are consolidating this morning, Wednesday April 11, following a strong recovery in the previous session.Copper and nickel were down by 0.5% and 0.4% respectively at the time of writing, while the rest were mostly unchanged - the exception being tin which was up by 0.5% at $21,030 per tonne.Volumes traded were somewhat lighter than usual, with 5,647 l...Read More
Stainless steel prices in Asia are likely to remain bearish on expectations of continued low demand in the second quarter of the year, while prices in North America are likely to be supported by the Section 232 import tariffs in the United States.Asian outlook bearishEast Asian import prices for stainless steel are likely either to decline further or to hold relatively steady at low levels during...Read More
Japan's Ministry of Economy, Trade & Industry expects demand for steel to increase by 1.8% year on year in the April-June period - the first quarter of the country's 2018 financial year.The ministry said the rise would occur due to higher demand from the manufacturing and exports sector.Demand for steel in the manufacturing sector is expected to be boosted by a rise in industrial machine...Read More
The following Metal Bulletin UK non-ferrous scrap and foundry ingot prices changed on Wednesday April 11:Aluminium scrapGroup 1 pure 99% & litho: ?1,360-1,410 per tonne from ?1,340-1,390...Read More
(Kitco News) - Investors are on a buying spree and their preferred choice in these uncertain times is gold ETFs.The popularity of gold-backed exchange-traded funds is at its highest level since 2013, Bloomberg reported.On Monday, the gold ETFs tracked by the financial media company were on the fourth day of straight gains, the longest green streak since January.One of the shining examples is Frank...Read More
Today Zinc – Zinc SELL Call 519 given at price 210.20 CMP 209.70. Low risk taker book 0.50 Points per lot… Other Hold as per callTIPS ID 519 : Zinc Call - SELL Zinc at CMP 210.20 for Target small at price 209.50 - 209 with SL Above price 211.05AFTER POST CONTENT Read More
Zinc Call – SELL Zinc at CMP 210.20 for Target small at price 209.50 – 209 with SL Above price 211.05AFTER POST CONTENT Read More
For the third consecutive day, gold has gained value again. At the same time, the U.S. dollar has had three straight days of consistently lower pricing. The recent gains in gold, as well as the declines in the dollar, have run in tandem with the current risk-on environment that favors U.S. equities over other asset classes, such as fixed income and safe-haven.Although it is not at the forefront of...Read More
MCX DATA – PPI DATAPPI m/m Prior 0.2% Exptd 0.1% Actual 0.3% Core PPI m/m Prior 0.2% Exptd 0.2% Actual 0.3%>> Data positive to Usd >> Positive Data for Base MetalsAFTER POST CONTENT Read More
Nickel Trading Call – BUY Nickel at CMP 885.60 for Target 892 – 899 with Small SL below Price 878.50AFTER POST CONTENT Read More
ZINC TRADING TIPS TODAYZinc Trading Tips – Yesterday Zinc BUY Carry Call 4ec given at price 208.50 Achieved 2nd Target 211.20. Made 211.30 high. Total profit of 2.7 x 2 lot = 5.40 Points / Rs 270004ec : Zinc Mcx Carry - Buy Zinc at CMP 208.50 Add more if price 207.50 with SL 206.50 for Target 210 - 211.20. RISK Taker trade 2 lotsAFTER POST CONTENT Read More
Mcx Lead Calls – Lead BUY Call 4ff given at price 155.80 CMP 156.50. Near to 1st Target. Book Profit here. Profit of 0.70 Points x 2 lot = 1.40 Points4ff : Mcx Lead Tips - BUY Lead at CMP 155.80 for Target 156.70 - 157.30 with SL below price 154.70. RISK Taker trade 2 lotsAFTER POST CONTENT Read More
Free Copper Tips – Copper BUY Call 501 given for 2 lot at price 444.30 Achieved 2nd Target 447.90. CMP 448.05. Total profit of 3.6 x 2 lot = 7.20 PointsTIPS ID 501 : Copper Calls - BUY Copper at CMP 444.30 Add more if price 443 with SL 441.90 for Target 446.50 - 447.90. Trade 2 lotsAFTER POST CONTENT Read More
Copper Today Call – Copper BUY Call 501 given at price 444.30 Achieved 1st Target 446.50. CMP 446.65. Total profit of 2.20 x 2 lot = Rs 4400 / 4.40 PointsTIPS ID 501 : Copper Calls - BUY Copper at CMP 444.30 Add more if price 443 with SL 441.90 for Target 446.50 - 447.90. Trade 2 lotsAFTER POST CONTENT Read More
WASHINGTON (Reuters) - The Federal Reserve on Tuesday proposed new capital rules that could allow some large banks to reduce their capital reserves.The proposal may clear the way for some large banks to reduce their capital levels in the future but the largest Wall Street banks are not likely to get such relief, the Fed said.“Relative to current requirements, the proposed changes would gener...Read More