SHANGHAI, Apr 25 (SMM) – Nonferrous metals fell across the board on Wednesday April 25 except for SHFE copper. SHFE zinc dropped over 1%, lead lost 0.76%, tin and aluminum edged down and nickel dipped.The ferrous complex also fell, except for rebar. Iron ore dropped 1.58%, coking coal slid 1.44% and hot-rolled coil and coke dipped.Copper: As the US dollar gained, the SHFE 1806 contract hover...Read More
SHANGHAI, Apr 25 (SMM) – Nonferrous metals fell across the board on Wednesday April 25 except for SHFE copper. SHFE zinc dropped over 1%, lead lost 0.76%, tin and aluminum edged down and nickel dipped.The ferrous complex also fell, except for rebar. Iron ore dropped 1.58%, coking coal slid 1.44% and hot-rolled coil and coke dipped.Copper: As the US dollar gained, the SHFE 1806 contract hover...Read More
This article first appeared in the April edition of the Rapaport Research Report. To download a copy of the report, click here and login with your username and password. Not yet a subscriber? Learn more and subscribe today. RAPAPORT... There is some anticipation for the coming months at Tiffany & Co. A year after joining the company, its celebrated chief artistic offi...Read More
Stellar Diamonds PLC (LON:STEL) saw its shares leap 15.5% to 5.7p in late-afternoon trading as the AIM-listed diamond miner confirmed the court sanctioning of its acquisition by Australian miner Newfield Resources Limited (ASX:NWF).Stellar said as a result of the ruling the last day of trading for its shares would be 26 April, after which they would be suspended on 27 April and cancelled from 30 A...Read More
Prices for domestic hollow steel sections edged downward slightly in Northern Europe this week due to low levels of activity but Southern European prices remained stable, market sources told Metal Bulletin on Wednesday April 25.Metal Bulletin's price assessment for commodity-size, grade-S235 square hollow sections made and delivered in Northern Europe was down by ?,?5 to ?,?660-665 ($806-812) per...Read More
SHANGHAI, Apr 25 (SMM) –Copper: LME copper stood above all the moving averages overnight with the five-day moving average expanding downwards. SHFE copper touched the 60-day moving average with support from the five-day moving average. We expect LME copper to trade at $6,950-7,000/mt today with SHFE copper at 51,500-52,000 yuan/mt. In the physical market, sellers may lower their offers...Read More
(Kitco News) - Gold has missed several opportunities to rally this year and the path of least resistance is in the downward direction for now, this according to Carley Garner, president of DeCarley Trading.“[Gold] has had every excuse in the book to rally. We’ve had political turmoil, trade conflict, and gold just can’t seem to get above $1,350, $1,360 [an ounce]. So, I think we&...Read More
MCX COPPER TIPS TODAYMcx Copper Tips Today – Copper BUY Call 6d1 given at price 461.60 Achieved 1st Target 463.70 & almost 2nd Target 464.80. CMP Made high 464.70. Total Profit of 3.1 x 2 lot = 6.20 Points6d1 : Copper - BUY Copper at CMP 461.60 for Target 463.70 - 464.80 with SL below price 459.7. Trade with 2 lotsAFTER POST CONTENT Read More
The Israeli company secured US$42.5 million of private equity in its last funding round and has started expanding geographically and into new industries. It claims to be the first company to be granted an aviation authority to fly drones without a human pilot."Richard is one of the world's experts in scaling-up global business and his expertise will be vital as we enter our next phase of expansion...Read More
SHANGHAI, Apr 25 (SMM) – Jiangsu province will undertake a month-long, joint environmental inspection across eight cities along the Yangtze River from Tuesday April 24, the Jiangsu Provincial Environmental Protection Office said on Monday April 23.To protect and preserve the ecology along the river, inspections will be conducted in Nanjin, Wuxi, Changzhou, Suzhou, Nantong, Yangzhou...Read More
SHANGHAI, Apr 25 (SMM) – With adequate supplies in the Shanghai zinc spot market, downstream buyers made few purchases on Wednesday April 25. Cargoes with invoices for May offered at smaller premiums of 50-80 yuan/mt from cargoes with invoices for April against the SHFE 1805 contract. SMM learned that some smelters were not keen to sell, given the lower value-added tax from May 1.In Sha...Read More
SHANGHAI, Apr 25 (SMM) – Jiangsu province will undertake a month-long, joint environmental inspection across eight cities along the Yangtze River from Tuesday April 24, the Jiangsu Provincial Environmental Protection Office said on Monday April 23.To protect and preserve the ecology along the river, inspections will be conducted in Nanjin, Wuxi, Changzhou, Suzhou, Nantong, Yangzhou...Read More
NEW YORK (Reuters) - Wall Street climbed into positive territory on Wednesday as optimism over a spate of upbeat earnings was dampened by jitters over rising bond yields and corporate costs.All three major U.S. indexes fluctuated in choppy trading and the Dow flirted with its sixth consecutive decline during much of the session, which would continue its longest losing streak since an 8-day slide i...Read More
(Kitco News) - Four major gold producers are betting that a new digital gold market will bring millennials to the table and revitalize the marketplace.On Wednesday, new fintech startup Tradewind announced that it raised $10.6 million in a strategic placement. The investment was led by Agnico Eagle (NYSE: AEM, TSX: AEM), IAMGOLD (TSX: IMG, NYSE: IAG) and Wheaton Precious Metals (NYSE: WPM, TSX: WPM...Read More
SHANGHAI, Apr 25 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightAs the US stock market tumbled, the US dollar index lost 0.2% overnight, after it gained 1.7% over the past five trading days, and closed at 90.79.Most base metals fell. LME aluminium led with a loss of close to 2% among its LME peers and touched a low since April 11 a...Read More
RAPAPORT... Petra Diamonds saw a jump in revenue in the third fiscal quarter amid a stronger rough market.Revenue surged 44% year on year to $172 million for the three months ending March 31, while salesvolume increased 28% to 1.4 million carats, the miner reported Monday. The average selling price rose 12% to $125 per carat. Rough prices increased 5% on a like-for-like basis at the two tende...Read More
Copper Commodity Free Tips – Copper BUY Call 6d1 given at 461.60 Achieved 1st Target 463.70. CMP 463.80. Total 2.20 x 2 lot = Rs 4400 / 4.40 Points6d1 : Copper - BUY Copper at CMP 461.60 for Target 463.70 - 464.80 with SL below price 459.7. Trade with 2 lotsAFTER POST CONTENT Read More
SHANGHAI, Apr 25 (SMM) – Jiangsu province will undertake a month-long, joint environmental inspection across eight cities along the Yangtze River from Tuesday April 24, the Jiangsu Provincial Environmental Protection Office said on Monday April 23.To protect and preserve the ecology along the river, inspections will be conducted in Nanjin, Wuxi, Changzhou, Suzhou, Nantong, Yangzhou...Read More
SHANGHAI, Apr 25 (SMM) – Norilsk nickel in the Shanghai market traded at a premium of 600-800 yuan/mt against the Wuxi Stainless Steel Exchange 1805 contract on Wednesday April 25, while Jinchuan traded at a premium of 1,000-1,200 yuan/mt, SMM learned.Jinchuan offered nickel plate at 104,500 yuan/mt.For cargoes with invoices for May, Norilsk nickel traded at a premium of 300 yuan/mt with Jin...Read More
SHANGHAI, Apr 25 (SMM) – Spot copper in the Shanghai market was offered at a premium of 260-310 yuan/mt over the SHFE 1805 contract on Wednesday April 25. This compared with a premium of 250-320 yuan/mt in the previous day. Trading stayed lacklustre from the start of this week as buyers hesitated on the fluctuation of copper prices in recent weeks, SMM learned.Due to weak buying interes...Read More