Zinc treatment charges (TCs) have risen to their highest in almost two years, with lower exchange prices for the metal making smelters in China lower output, while terms for lead concentrates fell with arbitrage trades exacerbating a market significantly short of supply.TCs, discounts on the zinc price paid to smelters for the costs of processing concentrates to metal, shot up to $65-75 per tonne,...Read More
The aluminium import arbitrage between the United States and Asia tightened this month for both duty-free and duty-paid material, with market participants noting that the arbitrage opportunity is looking less attractive.The differential between canceling aluminium without the 10% Section 232 tariff from London Metal Exchange-listed warehouses in Asia and shipping the material into the US Midwest h...Read More
The London Metal Exchange has started a consolidated consultation process to enable it to make the changes it put forward in its new business proposal.The proposed consultation period, which will last until the close of business on September 28, is open to all interested parties among LME members. Any subsequent rule amendments will take effect from the fourth quarter, the exchange said in a note...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
As a result of a technical error, Metal Bulletin's low-grade cobalt price assessment for August 1 was published on the Metal Bulletin price book later than scheduled. Metal Bulletin's price book has been updated and the price is now appearing as normal. To provide feedback on the delayed publication of the low-grade cobalt price assessment, please contact Charlotte Radford by email at:pricing@meta...Read More
Three-month base metals prices on the London Metal Exchange were down across the board by an average of 1% on the morning of Wednesday August 1. Zinc led the decline with a 1.7% drop to $2,590 per tonne, while copper was down by 1.2% at $6,244 per tonne.The disappointing release of China's Caixin manufacturing purchasing manager's index (PMI) for July - easing to 50.8 from 51 and below the expecte...Read More
Prices for spent lead-acid batteries and lead scrap have tumbled in the United States, with the sustained softness on the London Metal Exchange prompting smelters to recalculate raw material costs downward.Whole lead-acid batteries dropped by an average of $3 per hundredweight to $41-42 per cwt delivered to smelters - the lowest level witnessed in more than 14 months, according to Americ...Read More
The following Metal Bulletin UK non-ferrous scrap and foundry ingot prices changed on Wednesday August 1:Titanium scrap Turnings, unprocessed type 90/6/4, 0.5% Sn...Read More
The recent uptick in traded option volatilities in the London Metal Exchange copper market has faded as the month-end draws near, while what is likely to be an unexciting August expiry this Wednesday looks like setting a marker for the rest of the summer. Front-month at-the-money (ATM) copper volatility has dipped back to just under 20%, having climbed above 26% on August 19 - the best since early...Read More
The recent uptick in traded option volatilities in the London Metal Exchange copper market has faded as the month-end draws near, while what is likely to be an unexciting August expiry this Wednesday looks like setting a marker for the rest of the summer. Front-month at-the-money (ATM) copper volatility has dipped back to just under 20%, having climbed above 26% on August 19 - the best since early...Read More
The recent uptick in traded option volatilities in the London Metal Exchange copper market has faded as the month-end draws near, while what is likely to be an unexciting August expiry this Wednesday looks like setting a marker for the rest of the summer. Front-month at-the-money (ATM) copper volatility has dipped back to just under 20%, having climbed above 26% on August 19 - the best since early...Read More
The recent uptick in traded option volatilities in the London Metal Exchange copper market has faded as the month-end draws near, while what is likely to be an unexciting August expiry this Wednesday looks like setting a marker for the rest of the summer. Front-month at-the-money (ATM) copper volatility has dipped back to just under 20%, having climbed above 26% on August 19 - the best since early...Read More
The recent uptick in traded option volatilities in the London Metal Exchange copper market has faded as the month-end draws near, while what is likely to be an unexciting August expiry this Wednesday looks like setting a marker for the rest of the summer. Front-month at-the-money (ATM) copper volatility has dipped back to just under 20%, having climbed above 26% on August 19 - the best since early...Read More
The recent uptick in traded option volatilities in the London Metal Exchange copper market has faded as the month-end draws near, while what is likely to be an unexciting August expiry this Wednesday looks like setting a marker for the rest of the summer. Front-month at-the-money (ATM) copper volatility has dipped back to just under 20%, having climbed above 26% on August 19 - the best since early...Read More
The recent uptick in traded option volatilities in the London Metal Exchange copper market has faded as the month-end draws near, while what is likely to be an unexciting August expiry this Wednesday looks like setting a marker for the rest of the summer. Front-month at-the-money (ATM) copper volatility has dipped back to just under 20%, having climbed above 26% on August 19 - the best since early...Read More
The recent uptick in traded option volatilities in the London Metal Exchange copper market has faded as the month-end draws near, while what is likely to be an unexciting August expiry this Wednesday looks like setting a marker for the rest of the summer. Front-month at-the-money (ATM) copper volatility has dipped back to just under 20%, having climbed above 26% on August 19 - the best since early...Read More
Copper Live Call – Copper Buy Intraday tips given at price 423.50 Achieved 2nd Target level of 430. CMP 430.60. Profit of 7 Points per lot Read More
Nickel Commodity – Nickel buy Trading tips given at price 951 Achieved Target level 961. CMP 962. Profit made 10 Points per lot Read More
Tips for Zinc – Zinc Buy Call Advised to Buy at price 177.80 Achieved Target 2nd Target at 181.0 (CMP 181.10) Total profit of 3.2 Points / Rs 16000 per lot Read More
Copper Commodity Trading Today – Today Copper Buy Tips given at price 423.50 Achieved 1st Target 428 CMP 428.20. Profit of 4.5 Points per lot Read More