While risk-off dominates and even though governments are prepared to throw money at the financial system and into economies and households, the likelihood is that more factories will close, household spending will fall, as will demand for raw materials, but there may be some dead cat bounces along the way.Partial and full lockdowns will hopefully mean the novel coronavirus (2019-nCoV) is brought u...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 72 points in pre-opening trade. The New York Stock Exchange announced a move to start fully electronic trading on Monday. Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for the March Philly Fed Index was 10.0 versus 36.7 in February. Actual was -12.7. Consensus for...Read More
Alumini Tips – Buy Alumini March at CMP 136.10 Add more Buy at price 135.10 & 134.50 with SL 133.40 for Target 138.90 – 139.90 – 141 Read More
LEADMINI TIPS TODAYLeadMini Tips Today – LeadMini Sell Call 2213 given at 136.90 Achieved 1st 135.90 & 2nd Target 135.40. CMP 135.20. profit of 1.5 x 2 lot = Rs 3000TIPS ID 2213 : Intraday Leadm Tips - SELL 2 lot LeadM at CMP 136.90 for Target 135.90 - 135.40 with SL Above price 138.05 Read More
Intraday Leadm Tips – SELL 2 lot LeadM at CMP 136.90 for Target 135.90 – 135.40 with SL Above price 138.05 Read More
Here are five Fastmarkets stories you might have missed on Tuesday March 17 that are worth another look.Three more European car manufacturers are set to close and halt production in response to the spread of the coronavirus (2019-nCoV), Fastmarkets learned on March 17.The London Metal Exchange intends to suspend all ring trading and move to full electronic pricing from next week if the United King...Read More
A summary of base metals premiums from across the globe for the week to Tuesday March 17.Click on...Read More
London Metal Exchange three-month base metals prices largely traded down at the close on Tuesday March 17 with risk-aversion from the global spread of the coronavirus (CoV-2019) and associated corporate shutdowns weighing heavily on the complex."Global financial markets remain rattled while the virus wreaks havoc across Europe and the United States," Fastmarkets research analyst Andy Farida said....Read More
Here are five Fastmarkets stories you might have missed on Tuesday March 17 that are worth another look.Three more European car manufacturers are set to close and halt production in response to the spread of the coronavirus (2019-nCoV), Fastmarkets learned on March 17.The London Metal Exchange intends to suspend all ring trading and move to full electronic pricing from next week if the United King...Read More
Roughly 6 million tonnes per year of alumina refinery capacity in China has been curtailed due to the 2019-nCoV coronavirus pandemic, opening opportunities for market participants in the West to sell extra material to the East asian country, a senior executive at Norsk Hydro has said.The shortfall has arisen with Chinese smelters continuing to produce material as normal despite the effects of the...Read More
Cerro Verde, the world's fourth-largest copper mine in output, will suspend operations and enter a 15-day care and maintenance period following the Peruvian government declaring a national state of emergency, owner and operator Freeport McMoRan said on Tuesday March 17.The 15-day period started on Monday March 16, with Cerro Verde working with authorities to 'be prepared and restart operations as...Read More
Turkish steel producers continued to stay away from the deep-sea scrap market because of the novel coronavirus (2019-nCoV) outbreak, sources said on Tuesday March 17.Steel mills in Turkey resumed their deep-sea bookings at lower prices last week after a long period of silence.However, with the news of more confirmed cases of 2019-nCoV, the trading in scrap and finished steel products came...Read More
Here are five Fastmarkets stories you might have missed on Tuesday March 17 that are worth another look.Three more European car manufacturers are set to close and halt production in response to the spread of the coronavirus (2019-nCoV), Fastmarkets learned on March 17.The London Metal Exchange intends to suspend all ring trading and move to full electronic pricing from next week if the United King...Read More
Newmont will "ramp down" mining at its Yanacocha asset in Peru after the country moved to restrict travel amid global contagion over the Covid-19 coronavirus (2019-nCoV) spread, it said.Gold production from leeching will continue but mining ore will cease, the company said. Yanacocha produces significant amounts of copper, zinc and lead concentrates as a byproduct...Read More
After a drop of 12.93% in the Dow Jones Industrial Average (DJIA) on Monday March 16, the futures in the pre-market are up by 4.96% this morning - close to the 5% limit.Three-month base metals prices on the London Metal Exchange were mixed, while those on the Shanghai Futures Exchange were down across the board, as they respond to Monday's 1.8% average drop in prices on the LME. Asian equity indic...Read More
Trade log for cobalt sulfate in China including business, bids and offers reported to Fastmarkets.Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.Fastmarkets prices Click here for Fastmarkets' price assessment for cobalt sulfate, Co 20.5% basis, China ex-works, yuan/tonne.The exchange rate on Friday March 13 at 50,000 yuan to $7,138.Friday March 13New price at 50,000-52...Read More
Here are five Fastmarkets stories you might have missed on Tuesday March 17 that are worth another look.Three more European car manufacturers are set to close and halt production in response to the spread of the coronavirus (2019-nCoV), Fastmarkets learned on March 17.The London Metal Exchange intends to suspend all ring trading and move to full electronic pricing from next week if the United King...Read More
Domestic prices for hot-rolled coil in Northern Europe have decreased day on day in a slow market, sources told Fastmarkets on Tuesday March 17.Market activity decreased due to closures among big automotive manufacturers and slowdowns at some service centers, according to market sources.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was ?,?477.00 ($531.94) per tonne...Read More
Three more European car manufacturers are set to close and halt production in response to the spread of the coronavirus (2019-nCoV), Fastmarkets learned on March 17.Car manufacturer Ford is set to close all continental European plants from Thursday March 19, "for a number of weeks," it said. Ford will close plants in Cologne and Saarlouis in Germany as well as Craiova in Romania while it's Valenci...Read More
The European Commission (EC) has published guidelines for border management measures including goods transportation during the outbreak of 2019-nCoV coronavirus, now that logistics issues have begun to bite, the EC said on Monday March 16.The rapid spread across Europe of the Covid-2019 disease caused by the virus has forced governments to resort to strict measures, including border closures in so...Read More