Domestic prices for ferrous scrap in Italy increased by ?,?30 ($35) per tonne this month following the positive trend in the international market, sources told Metal Bulletin.Metal Bulletin's monthly price assessment for domestic grade E3 scrap in Italy was ?,?290-310 ($357-381) per tonne delivered in March, up from ?,?260-280 per tonne delivered a month earlier. The increase was...Read More
Iron ore prices slipped below $67 per tonne cfr China on Tuesday March 20 following further losses in China's steel and futures markets. Metal Bulletin's 62% Fe Iron Ore Index Today: $66.94 per tonne cfr Qingdao Daily change: down by $0.51 per tonne Month-to-date average: $72.69 per tonne Metal Bulletin's 58% Fe Premium Index Today: $54.58 per tonne cfr Qingdao Daily change: unchanged Month-to-dat...Read More
Physical iron ore prices dipped further on Tuesday March 20 amid further losses in China's steel and futures markets, though some are expecting a turnaround.Key driversChina's steel and iron ore futures tanked further in the morning before recovering the losses in the afternoon, though the contracts still ended negatively compared with Monday's settlement prices. Iron ore remained the worst perfor...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 $65.77 per tonne cfr China,...Read More
Participants in the seaborne coking coal market continued to take a wait-and-see approach on Tuesday March 20.A top Australian brand with an approaching loading date was offered at $221 per tonne cfr China while an April-laycan cargo of premium hard coking coal was offered at $211 per tonne fob Australia during the day, according to market sources. Despite a lack of clarity over the direction of t...Read More
Glencore has reached an agreement to acquire Rio Tinto's 82% interest in the Hail Creek coal mine in Queensland, Australia, as well as other resources, for a total cash consideration of $1.7 billion, it said on Tuesday March 20.The transaction also includes adjacent coal resources, as well as Rio Tinto's 71.2% interest in the Valeria thermal coal resource in central Queensland, Australia. The rema...Read More
China's ferrous futures continued to trend downward during morning trading on Tuesday March 20, extended the losses from a day earlier when most contracts recorded big losses.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,623 yuan ($572) per tonne, down 34 yuan per tonne May hot-rolled coil: 3,813 yuan per tonne, down 19 yuan per tonne Dalian Commodity Exchange May...Read More
Market participants say they expect mercury prices to remain elevated after over two thirds of signatories ratified the Minamata Convention, which came into force on August 16, 2017. Metal Bulletin assessed mercury prices at $2,700-3,000 per flask on an in-warehouse basis on Friday March 11, down from $2,500-3,450 per flask two weeks ago but still 54% higher than at the start of the year. Mer...Read More
Selenium prices surged last week in Europe, reaching their highest level since February 2015 on continued material tightness and healthy Asian demand.Metal Bulletin assessed selenium free market in-warehouse prices at $22-24.5 per lb on Friday March 16, steady on Wednesday's assessment when the quotation rose by 6.9% to a level last seen in February 2015. "It's the perfect storm - India's hea...Read More
MCX ALUMINIUM INTRADAY TODAYAluminium Intraday Today – Mcx Aluminium Buy Call 19b, Given at 134.15 Achieved Target 135.55 (CMP 135.60) Total profit of 1.40 x 2 lot = 2.80 PointsTIPS ID 19b : Today Aluminium Tips - BUY Aluminium at CMP 134.15 for Target Level 135.55 with SL below price level 133.25. RISK taker trade 2 lotsAFTER POST CONTENT Read More
(Kitco News) - As the Federal Open Market Committee meeting approaches, one analyst tells investors to keep their “zen” when it comes to gold prices.The main driver for the yellow metal this week is the Federal Reserve’s highly anticipated rate hike on Wednesday.Until then, there is “no clear direction in gold,” Boris Mikanikrezai, precious metals analyst at FastMarke...Read More
FREE TIPS COPPERFree Tips Copper – Copper Buy Intraday Call 19f, Given at price 443.10 Achieved 1st TGT 447.10 & 2nd Target 448.10 (CMP 448.40) Total profit made 5 Points per lotTIPS ID 19f : Copper Live Tips - Buy Mcx Copper April Above 443.10 (CMP 442.80) for Target 447.10 - 448.10 with Stop loss below price 440.20AFTER POST CONTENT Read More
MCX NICKEL TODAY TIPSNickel Today Tips – Nickel Intraday Buy call 1a3, Advised at price 871 Achieved Target level at CMP 881.30. Hit Target 881. Profit of 10 Points per lotTIPS ID 1a3 : Nickel Free Tips Online - BUY Mcx Nickel Commodity above 871 (CMP 870.20) for Target 881 with SL below price 862.50AFTER POST CONTENT Read More
Last night, gold prices traded lower overseas. Moving to a two-week low Monday morning in European trading, gold dropped to $1,307.50. Concerns about the outcome of this month’s FOMC meeting, which begins tomorrow and concludes on Wednesday, was a significant contributing factor to the selloff.The nervousness behind the lower pricing in gold was primarily based on the belief that the Fed wil...Read More
(Adds quotes, CEFC statement)By Jan LopatkaPRAGUE, March 19 (Reuters) - Chinese officials have told a visiting Czech delegation that the chairman of Chinese conglomerate CEFC China Energy, Ye Jianming, is under investigation and is stepping down from his post, the Czech president’s office said on Monday.A Czech subsidiary of CEFC also said there was a “planned change in the shareholder...Read More
Nickel Free Tips Online – BUY Mcx Nickel Commodity above 871 (CMP 870.20) for Target 881 with SL below price 862.50AFTER POST CONTENT Read More
MCX COPPER LIVE TIPS TODAYCopper Live Tips – Buy Mcx Copper April Above 443.10 (CMP 442.80) for Target 447.10 – 448.10 with Stop loss below price 440.20AFTER POST CONTENT Read More
MCX NICKEL COMMODITY TIPSMcx Nickel Commodity Tips – Today Nickel Sell call 193 Given at price 880 Current Market price is 869.60. Achieved Target 870. Profit of 10 Points x 2 lot = 20 PointsTIPS ID 193 : Free Nickel Trading Tips - SELL 2 to 3 lots Nickel March at Last Market price 880 for Target 870 with SL Above price 889AFTER POST CONTENT Read More
TODAY ALUMINIUM TIPSToday Aluminium Tips – BUY Aluminium at CMP 134.15 for Target Level 135.55 with SL below price level 133.25. RISK taker trade 2 lotsAFTER POST CONTENT Read More
(Kitco News) - Gold prices were moderately higher in early-afternoon trading Monday, boosted by a drop in the U.S. dollar index and the U.S. stock market. Gold had seen modest losses in overnight trading, based on some technical selling. April Comex gold futures were last up $6.00 an ounce at $1,318.30.May Comex silver was last up $0.043 at $16.315 an ounce.World stock markets were mostly lower Mo...Read More