ONLINE NICKEL TIPS TODAYOnline Nickel Tips – Nickel Mcx Carry Buy call 398 given at 877 CMP 882. Low risk taker book 5 Point x 2 lot = 10 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
SHANGHAI, Apr 2 (SMM) – Treatment charges (TCs) for domestic copper concentrate in China remained flat from the previous week and stood at 3,200-3,800 yuan per metal mt for the week ended March 30. In the short term, SMM expects domestic TCs to stay flat due to volatile prices of zinc and uncertainty over the supply of concentrates.Unlike smelters, miners did not raise domestic TCs...Read More
SHANGHAI, Apr 2 (SMM) – Norilsk nickel in the Shanghai market traded at a discount of about 200 yuan/mt against the Wuxi Stainless Steel Exchange 1804 contract on Monday April 2, while Jinchuan traded at a premium of 300 yuan/mt, SMM learned.Jinchuan offered nickel plate at 100,000 yuan/mt.Traders made offers actively due to ample supply, while downstream consumers took a watch-and-wait...Read More
Editor's Note: The article was updated to reflect higher gold prices in delayed reaction to the data.(Kitco News) -In delayed reaction, the gold market is pushing to session highs, after sentiment in the manufacturing sector fell in March, according to the last data from the Institute for Supply Management (ISM).Monday, the ISM said its manufacturing index showed a reading of reading 59.3% for Ma...Read More
(Updates prices)* Stock slide adds bid for Treasuries* Manufacturers saw rising price pressures in MarchBy Karen BrettellNEW YORK, April 2 (Reuters) - U.S. Treasury yields fell to two month lows on Monday on safety buying as stocks slid, and after a manufacturing report showed an increase in price pressures in March.Shares in major U.S. technology companies sank again, wiping out the tech-heavy Na...Read More
SHANGHAI, Apr 2 (SMM) – China has issued nine batches of approvals for restricted solid scrap material imports this year, with approved copper scrap imports of 337,900 mt, sharply down 88% from the same number of batches in 2017, SMM learned.Taizhou Chiho was approved to import 111,000 mt of copper scrap in Batch One and Batch Nine, down 74% from the same batches of 2017. Zhejiang Judong was...Read More
SHANGHAI, Apr 2 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index edged down below 90 with limited upward momentum, while base metals rose across the board. SHFE nickel jumped over 2.5%, lead surged over 2%, tin rose 1.7%, while zinc, aluminium and copper were up some 1%.China’s official manufacturing purchasi...Read More
Tips for Copper – SELL Copper at CMP 439.80 for Target 436.80 – 434.80 with SL Above price 444AFTER POST CONTENT Read More
SHANGHAI, Apr 2 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index edged down below 90 with limited upward momentum, while base metals rose across the board. SHFE nickel jumped over 2.5%, lead surged over 2%, tin rose 1.7%, while zinc, aluminium and copper were up some 1%.China’s official manufacturing purchasi...Read More
WASHINGTON (Reuters) - U.S. bank regulators on Monday agreed to relax commercial real estate lending rules and allow more deals to go ahead without an independent appraisal of the property’s value.Under the new rules, commercial real estate worth more than $500,000 must have an independent third-party check on the property value before a bank can lend against it.The threshold had been $250,0...Read More
Adem Tumerkan April 2, 2018 Category: Research Most investors just buy and forget about their stocks. Expecting that in a couple decades that their nest-egg will be huge enough so they can safely retire.We see people like Warren Buffet and Mark Cuban all rich and happy. And your financial advisor tells you that it's something you can have too."Just keep investing and dollar-cost averaging each pay...Read More
WASHINGTON (Reuters) - The Trump administration this week will unveil a list of advanced technology Chinese imports targeted for U.S. tariffs to punish Beijing over technology transfer policies, a move expected to intensify trade tensions between the world’s two largest economies.U.S. tariffs on $50 billion to $60 billion worth of annual imports is expected to be levied on products benefitin...Read More
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
SHANGHAI, Apr 2 (SMM) –Copper: Supported by crude oil prices, SHFE copper rose and stood above the 10-day moving average with KDJ indicator expanding upwards. We expect the contract to trade at 50,200-50,700 yuan/mt today, with spot discounts at 150-100 yuan/mt.Aluminium: We expect LME aluminium to hover around the $2,000/mt level and trade at $1,995-2,020/mt with limited upward room given&n...Read More
SHANGHAI, Apr 2 (SMM) –Copper: Supported by crude oil prices, SHFE copper rose and stood above the 10-day moving average with KDJ indicator expanding upwards. We expect the contract to trade at 50,200-50,700 yuan/mt today, with spot discounts at 150-100 yuan/mt.Aluminium: We expect LME aluminium to hover around the $2,000/mt level and trade at $1,995-2,020/mt with limited upward room given&n...Read More
SHANGHAI, Apr 2 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index edged down below 90 with limited upward momentum, while base metals rose across the board. SHFE nickel jumped over 2.5%, lead surged over 2%, tin rose 1.7%, while zinc, aluminium and copper were up some 1%.China’s official manufacturing purchasi...Read More
NEW YORK (Reuters) - Bitcoin, the highly volatile digital currency, is proving to be the new stock market indicator, influential investor Jeffrey Gundlach said on Monday, adding that this is hardly just a “gut feeling” given the recent price movements.“Bitcoin closed at the low of the year last week, SPX (Standard & Poor’s 500 Index) is now at the low of the year this w...Read More
Anglo American has again halted iron ore output at its Brazilian Minas-Rio operation, with the company's shipments affected after a pulp leakage at its slurry pipeline on Thursday March 29."The supply is paralyzed, as the stock level of 700,000 tonnes of iron ore ended," the miner told Metal Bulletin on April 2."We are now negotiating [the issue] with each client," it added.The company supplies th...Read More
Lead Commodity Tips – Lead Mcx Sell call 37d given activated at 156.90. CMP 156.30. Low risk taker book 0.60 x 2 lot = 1.20 Points / Rs 600037d : Mcx Lead Call – SELL Lead if price 156.90 (CMP 157.25) for Small Target 156 – 155.50 with SL Above price 158.10. RISK Taker trade 2 lotsAFTER POST CONTENT Read More
SHANGHAI, Apr 2 (SMM) –Copper: Supported by crude oil prices, SHFE copper rose and stood above the 10-day moving average with KDJ indicator expanding upwards. We expect the contract to trade at 50,200-50,700 yuan/mt today, with spot discounts at 150-100 yuan/mt.Aluminium: We expect LME aluminium to hover around the $2,000/mt level and trade at $1,995-2,020/mt with limited upward room given&n...Read More