The US high-carbon ferro-manganese market weakened on Thursday March 29, as latent spot market demand and ample supplies wore on pricing. American Metal Market assessed spot prices for high-carbon ferro-manganese in-warehouse Pittsburg at $1,500-1,600 per long ton on Thursday, down 3.1% from $1,550-1,650 per long ton previously. The market has been bogged down by lackluster spot activity in r...Read More
China's domestic stainless steel prices fell again this week as high supply and weak demand continued to put pressure on the market.Metal Bulletin's assessment of prices for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,000-14,800 yuan ($2,226-2,353) per tonne including VAT for the week ended Wednesday April 4, down 200-300 yuan per tonne from last Thursday. Buying in...Read More
The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in Europe.To view the latest price quotations, follow the links below:Europe- Ferro-vanadium delivered duty-paid in Europe- Vanadium pentoxide in-warehouse RotterdamChina- Ferro-vanadium, 78% min, fob China, $ per kg V- Vanadium pentoxide, 98% min, fob China, $ per lb V2O5Thursday March 29Ferro-vanad...Read More
The following Metal Bulletin UK non-ferrous scrap and foundry ingot prices changed on Wednesday April 4:Aluminium scrap Group 1 pure 99% & litho: ?1,340-1,390 per tonne from ?1,380-1,430 per tonneCommercial pure cuttings: ?1,130-1,180 per tonne from ?1,150-1,200 per tonneClean HE9 extrusions: ?1,340-1,390 per...Read More
Aluminium ingot ADC 12 export prices fell after China dealt a serious blow to the raw material market with a blanket 25% tariff on US aluminium scrap.The move by China has meant that more domestic producers are looking to tolling deals to avoid paying the 25% import tax. Under the tolling deals, Chinese secondary alloy producers can import raw materials such as aluminium scrap from overseas and pr...Read More
Metal Bulletin looks at seven key things discussed in Xi'an last month at China Iron & Steel Association's 16th International Steel Market and Trade Conference that will have a major impact on the Asian and Chinese steel markets in the coming years.China plans to cut another 30 million tonnes of steel capacity in 2018China is planning to cut another 30 million tonnes of steel capacity in 2018 as p...Read More
Chinese aluminium and aluminium products are among a list of 1,300 items that the United States is targeting with a 25% import tax following its Section 301 investigation - a move which the Chinese Ministry of Commerce (MOC) said it "strongly condemns and firmly opposes."The office of the US Trade Representative (USTR) on Tuesday April 3 released a proposed tariff list on Chinese products which in...Read More
Global tin premiums barely moved this week on a lack of spot business between the Easter and Tomb Sweeping holidays, but a slight uptrend remained in place amid tightening supply from key exporter Indonesia.Most of Europe had a long weekend at the start of the month for Easter, with some prolonging the break to a week while China has also been slow ahead of the Tomb Sweeping festival on April 5-6....Read More
Zinc futures were trading lower during the afternoon trade in the domestic market on Tuesday as speculators trimmed positions amid easing demand in the spot market. Analysts said offloading of positions by participants on the back of tepid demand in the spot markets, mainly led to decline in zinc prices at futures trade.At the MCX, zinc futures for April 2018 contract was trading at Rs 213.80 per...Read More
(Kitco News) - Gold could jump above $1,400 an ounce this year, with investors attracted to the safe-haven metal amid escalating fears of a global trade war, said CEO of Sprott U.S. Holdings Rick Rule.The yellow metal prices are often guided by the direction of the U.S. dollar and any loss of confidence in the American currency could result in a rush of gold buying, Rule told Bloomberg last week.&...Read More
Today Lead Call – SELL Lead at CMP 155.45 for Target 154.50 – 154 with SL Above price 156.55AFTER POST CONTENT Read More
ZINC HOLD Call – SELL Mcx Zinc April at CMP 214.25 with SL Above 216.10 for Target 213 – 211.50AFTER POST CONTENT Read More
Zinc Live Call – Zinc BUY Call 3e8, given at price 213.70 CMP 214.45. Total 0.75 Points per lot profit chance for low risk takerTIPS ID 3e8 : Zinc Tips - BUY Zinc at CMP 213.70 for Target 214.70 - 215.40 with SL below price 212.50AFTER POST CONTENT Read More
Market participants witnessed or were part of a 180° reversal of market sentiment this morning with equities moving substantially higher, and safe-haven assets such as gold trading lower.Fundamentally not that much has transpired since yesterday’s dramatic selloff in U.S. equities and upside spike in gold prices. However, today it seems investor psychology is either not focusing on the p...Read More
Zinc Tips – BUY Zinc at CMP 213.70 for Target 214.70 – 215.40 with SL below price 212.50AFTER POST CONTENT Read More
NICKEL TARGET LEVEL TODAYNickel Target Level – Nickel Mcx Buy Carry Call 398 Advised for 2 lot at 877 Achieved 1st Target 886. (Made 886.50 high) Total profit of 9 x 2 lot = 18 PointsTIPS ID 398 : Nickel Carry Call - BUY Mcx Nickel at CMP 877.0 for Target 886 - 892 with SL below price 867. High Risk taker trade 2 lotsAFTER POST CONTENT Read More
Nickel Tips – nickel Sell call 3dc given at 877 Sudden Jump Makes SL hit at price 883. Total 6 Points Per lot SL hit in Nickel3dc : Nickel - SELL 2 lot Nickel at CMP 877 for Target 870 - 865 with SL Above price 883AFTER POST CONTENT Read More
(Kitco News) - The gold market saw some technical selling pressures ending Tuesday’s session down on the day, pushed lower by improved investor risk sentiment and a stronger U.S. dollar.June gold futures settled the session at $1,337.30 an ounce, down 0.71% on the day. At the same time, May silver futures last traded at $16.392 an ounce, down 1.7% on the day.According to analysts, the precio...Read More
WASHINGTON (Reuters) - President Donald Trump said on Tuesday he would use U.S. military forces to protect the nation’s southern border with Mexico until there is a border wall and “proper security” in place.“We are going to be doing things militarily,” Trump told reporters at the White House, adding he had discussed the idea with U.S. Defense Secretary Jim Mattis.&ld...Read More
MCX ALUMINIUM LIVE TARGET TIPSAluminium Live Target – Aluminium Sell Intraday Call 3ad, Given at price 132.10 Achieved 1st Target 131.10. CMP 130.80. Total Profit of 1.3 x 2 lot = 2.60 PointsToday Aluminium Intraday - SELL Aluminium 2 lot at CMP 132.10 for Target 131.10 - 130.60 with SL Above price 13AFTER POST CONTENT Read More