Today LME Inventory Report Data : 22/06/2018 Aluminium (-2775), Copper (-1700), Lead (-75), Nickel (-1068), && ZINC (-200) Read More
MCX ZINC TARGET TIPS TODAYMcx Zinc Target Tips – SELL Zinc at CMP 201.80 for Target 200 – 199.50 with SL Above price 202.80 Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 15 points in pre-opening trade. The Canadian Dollar dropped U.S. 0.53 to 74.82 cents following release of economic news at 8:30 AM EDT. Consensus for the Canadian May Consumer Price Index on a year-over-year basis was an increase of 2.6%. Actual was 2.2%. Consensus for Canadian April Retail Sales was unchanged versus a...Read More
The seaborne coking coal market weakened on Friday June 22 amid lackluster trading and bearish sentiment.A 50,000-tonne cargo of a top Australian brand was traded at $212 per tonne cfr China a day earlier, market participants told Metal Bulletin during the day. "We will be on the sidelines for now. If prices for premium mid-vol materials do not fall to [around] $195 per...Read More
China's domestic rebar prices decreased on Friday June 22 amid high selling interest. Domestic Eastern China (Shanghai): 4,040-4,080 yuan ($622-628) per tonne, down 80 yuan per tonne Northern China (Beijing): 3,880-3,930 yuan per tonne, down 20 yuan per tonne Traders actively sold rebar to lower their inventory levels before end-user demand weakens further. But buyers also kept their procurement r...Read More
Nickel prices on the London Metal Exchange gained momentum during morning trading on Friday June 22, edging 1.9% higher while copper, lead and tin prices also found support. Edging back over $15,000 per tonne, nickel's three-month price topped the broadly positive trading across the complex, despite a strong appreciation in the US dollar dampening sentiment.Continuous outflows in nickel inventorie...Read More
China's domestic hot-rolled coil prices retreated slightly on Friday June 22 after trading activity fell due to bad weather.DomesticEastern China (Shanghai): 4,260-4,280 yuan ($656-659) per tonne, down 10 yuan per tonneNorthern China (Tianjin): 4,200-4,220 yuan per tonne, down 20 yuan per tonne Although the rainy season for many parts of the country began earlier this week, the effect it had on th...Read More
Deliverable aluminium stocks at Shanghai Futures Exchange-approved warehouses have fallen by 1.7% or 16,009 tonnes over the past week to stand at 941,637 on Friday June 22. This week, Kangyun Logistics in Zhejiang province saw the most aluminium stocks leave its sheds with 3,536 tonnes."Although China has a tariff on primary aluminium, there is a tax rebate for aluminium foil and plate, which has...Read More
The Dow Jones took its eighth consecutive licking yesterday - its worst streak since last March.Down too was the S&P... and the Nasdaq.VIX, Wall Street's "fear gauge," was in panicked spasm.For the explanation, we turn to CNBC:"Dow drops about 200 points on trade worries, extends losing streak to eight days."It is the trade wars - again.Trade-sensitive stocks such as Boeing and Caterpillar too...Read More
Three Private Blogs Have been posted for Gold – Dow – Euro closing 6/22/18Read More
The following Metal Bulletin minor metals prices changed on Friday June 22:Antimony MB free market regulus, $/tonne: $8,000-8,250 per tonne from $8,050-8,300Bismuth MB China domestic, yuan/tonne: 60,000-61,000 yuan per tonne from 61,000-63,000 yuanCadmium MB free market min 99.95%, cents/lb: 125-135 cents from 120-135Cadmium MB free market min...Read More
My youngest son Caleb is 5 years old. And just like any healthy 5-year-old, he’s constantly moving. One of his favorite things to do is to play “tackle” with me on the living room floor.It’s funny to see how any time he gets scratched or bumped, he wants to immediately stop the game and get a band aid. If I see that it’s not a big deal and I tell him to “shake i...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Metal Bulletin is amending its consultation regarding the Rotterdam tellurium price assessment. In light of feedback received as part of the consultation on refining its existing tellurium market coverage, Metal Bulletin has decided it would better serve the existing market conditions by amending its initial proposal published on May 25. Metal Bulletin is therefore now proposing to amend its exist...Read More
Growth in Chinese stainless steel demand will outpace growth in production this year, supporting a sector that must contend with robust barriers to export, market observers said at a conference in China this week.China will produce around 26 million tonnes of stainless steel this year, up 0.9% from 25.77 million tonnes a year ago, the China Ferroalloys Industry Association (CFIA) said.This increas...Read More
Chinese ferrous futures fell in the first hour of morning trading on Friday June 22 before experiencing a sharp rebound, but went on to end the session little changed from their opening prices.Futures closing prices - morning sessionShanghai Futures Exchange October rebar: 3,768 yuan ($580) per tonne, down 5 yuan per tonneOctober hot-rolled coil: 3,871 yuan per tonne, up 1 yuan per tonne Dalian Co...Read More
China's domestic stainless steel prices maintained their downward trajectory over the past week amid a lack of significant trading activity, which caused some sellers to lower their offers in an attempt to attract business.Metal Bulletin's assessment of prices for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 15,200-15,600 yuan ($2,340-2,402) per tonne including VAT for...Read More
All MB non-ferrous European scrap prices were unchanged on Friday June 22.Read More
Import prices for containerized heavy melting scrap (HMS) in Taiwan were largely stable week on steady end-user demand. Metal Bulletin's assessment of import prices for United States-origin HMS 1&2 (80:20) sold into Taiwan was $330-335 per tonne cfr for the week ended Friday June 22, up from $330-332 per tonne from a week earlier.The assessment reflects actual transactions concluded this week, dur...Read More
RESOURCEStocks: Incredibly busy and successful start to the year for you, and some big milestones coming up including delivery of the Sconi nickel-cobalt-scandium project BFS in Q2 and start-up of the demonstration processing plant. Firstly, what is the latest on completion and delivery of the processing plant and is everything on budget/schedule?Benjamin Bell: The past six months has been a compa...Read More