Ferro-silicon prices in China increased sharply in the week ended Friday June 28, following a steady run of five weeks, after lower output and higher futures prices encouraged suppliers to raise their offers ahead of monthly tenders from Chinese steel mills.In Europe, the market has stemmed losses after a sharp fall the week before, but prices are seen as fragile in the near term because some cons...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade.Index futures were virtually unchanged following release of economic news at 8:15 AM and 8:30 AM EDT. Consensus for June ADP Private Employment was 140,000 versus 27,000 in May. Actual was 102,000 .Consensus for May U.S. Trade Deficit was $53.5 billion versus upwardly revised $51.2 billion...Read More
LEAD TIPSLead Tips – Lead Buy Call 1c37 given at 152.70 CMP 152.70. Low risk taker exit at Cost to Cost. RISK taker HOLD & CarryTIPS ID 1c37 : Tips for Lead Today - Buy Lead at CMP 152.70 for Target 153.80 - 154.40 with SL 151.45 Read More
ZINC MCX TIPSZinc Mcx Tips – Zinc Buy Call 1c34 given at 197.80 Advised SL below 196.80 (Return from 196.70) Those who Hold. Achieved 1st TGT. Book Profit at CMP 199 Total 2.20 PointsTIPS ID 1c34 : Zinc Trading - BUY Zinc at CMP 197.80 with SL Below 196.80 for Target 198.90 - 199.80- 200.80 Read More
ALUMINIUM TIPSAluminium Tips – Aluminium Buy Call 1c2f given at 142.80 Triggered SL at price 141.75. Total 1.05 Points SL hitTIPS ID 1c2f : Aluminium Calls Today - Buy Aluminium at CMP 142.80 for Target 143.80 - 144.40 with SL 141.75 Read More
LEAD MCX TIPSLead Mcx Tips – Lead Buy Call 1c37 given at 152.70 CMP 153.40. Low risk taker book 0.70 / Rs 3500 per lot at CMPTIPS ID 1c37 : Tips for Lead Today - Buy Lead at CMP 152.70 for Target 153.80 - 154.40 with SL 151.45 Read More
Copper Calls – Buy Copper at CMP 440.5 for Target 443.40 – 445.50 with SL 438.40 Read More
Tips for Lead Today – Buy Lead at CMP 152.70 for Target 153.80 – 154.40 with SL 151.45 Read More
Zinc Trading – BUY Zinc at CMP 197.80 with SL Below 196.80 for Target 198.90 – 199.80- 200.80 Read More
Aluminium Calls Today – Buy Aluminium at CMP 142.80 for Target 143.80 – 144.40 with SL 141.75 Read More
Nickel's three-month price on the London Metal Exchange was lower at the close of trading on Monday July 1, failing to sustain recent gains while poor data from China's manufacturing sector damped buying sentiment.Three-month nickel futures closed at $12,350 per tonne during the afternoon, down by a little less than 3% from an intraday high of $12,850 per tonne, its highest level since April.Marke...Read More
Despite China's ban of low-quality copper scrap imports since the beginning of 2019, the volume of copper units contained in scrap imports has defied expectations by rising in the first five months of this year. Between January and May this year, China imported 682,508 gross tonnes of copper scrap, according to customs data. All of the imports are of the higher-grade category 6 scrap. This is down...Read More
Nickel market participants cite technical squeezes as the root cause of a 9% increase in nickel prices over June, with Shanghai and London exchange contracts targeted amid slack supply and demand.The LME three-month nickel price peaked at $12,850 per tonne on the morning of Monday July 1, its highest since April and an increase of more than 9% from a low of $11,605 per tonne on June 7.Despite a 2....Read More
Key data from the pricing sessions in Asia and Europe for the week ended Friday June 28ChinaChina's silicon export price slides on signs of a weakening domestic market due to more supply and limited bookings for July cargoes. Sellers open to cheaper bids to achieve sales early in expectation of slow demand in the summer lull and increasing supply during rainy season. Most refiners in Yunnan provin...Read More
Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets MB. Fastmarkets MB prices Click here for Fastmarket MB's price assessment for cobalt sulfate, Co 20.5% basis, China ex-works, yuan/tonne Click here for Fastmarket MB's price assessment for the cobalt sulfate, Co 20.5% basis China ex-works, adjustment to the standard-grade cobalt low-end price, $/I...Read More
Despite China's ban of low-quality copper scrap imports since the beginning of 2019, the volume of copper units contained in scrap imports has defied expectations by rising in the first five months of this year. Between January and May this year, China imported 682,508 gross tonnes of copper scrap, according to customs data. All of the imports are of the higher-grade category 6 scrap. This is down...Read More
Turkish steel producers continued to book more deep-sea scrap cargoes for August shipments, with prices rising further, sources said on Monday July 1.A steel mill in the Marmara region booked a Baltic Sea cargo, comprising 20,000 tonnes of HMS 1&2 (80:20) at $293 per tonne and 20,000 tonnes of bonus at $303 per tonne cfr, late on June 28.The same mill also booked a European cargo on Friday, compri...Read More
Turkish domestic scrap prices remained largely steady over the past week, sources told Fastmarkets on Monday July 1, with most steel producers keeping their buy prices unchanged. However, domestic scrap prices are expected to recover from this point on, in line with the upturn in the imported scrap values, they added.Only two steel mills have slightly reduced their buy prices - for auto...Read More
The outcome of the Group of 20 (G20) summit in Japan that was held on June 28-29, saw the United States and China agree to resume trade talks, which has boosted optimism for a trade deal. This has given most non-haven markets a lift, this despite further weakness in manufacturing purchasing managers' index (PMI) data.China's Caixin manufacturing PMI dropped to 49.4 from 50.2, Japan's manufacturing...Read More
Import prices for flat-rolled steel products have shown broad increases in South America over the past week, with more expensive offers heard from China, although deals remained scarce because of the cautious stances adopted by importers in the region and by Chinese exporters.Fastmarkets' assessment of the South American import price for hot-rolled coil (HRC) was $535-545 per tonne cfr on June 28....Read More