LME Stock Change : Aluminium -5725,Copper -225, Lead +775, Nickel -72 & Zinc +875. Read More
ZINC TRADING LIVE TIPSZinc Trading Live tips – Zinc Buy Call 1af4 given at 203.80. CMP 204.80 Achieved 1st Target. Profit of 1 points per lotTIPS ID 1af4 : Zinc Calls - BUY Zinc at CMP 203.80 Add more at price 203 with SL 202.40 for Target 204.80 - 205.50 Read More
TODAY LEAD TARGET LEVELToday Lead Target Level – Lead Buy Call 1af5 given at 151.20 Achieved 1st Target 152.40 & 2nd TGT 153. Total profit of 1.8 Points / Rs 9000 per lotTIPS ID 1af5 : Today Lead - BUY Lead at CMP 151.20 for target 152.40 - 153 with SL 150.10 Read More
ZINC TIPS TODAYZinc Tips Today – Zinc Buy Call 1af4 given at 203.80 CMP 204.40. Low risk taker book Rs 3000 / 0.60 Points per lotTIPS ID 1af4 : Zinc Calls - BUY Zinc at CMP 203.80 Add more at price 203 with SL 202.40 for Target 204.80 - 205.50 Read More
Today Lead – BUY Lead at CMP 151.20 for target 152.40 – 153 with SL 150.10 Read More
Zinc Calls – BUY Zinc at CMP 203.80 Add more at price 203 with SL 202.40 for Target 204.80 – 205.50 Read More
Free Nickel Tips – Buy Nickel at CMP 858.50 Add more at price 852 with Small SL Just 848.40 for Target 868 – 877 Read More
Aluminium Today – BUY Aluminium at CMP 142.10 for Target 143 – 143.80 with SL 140.90 Read More
Domestic rebar prices in Brazil fell during May as leading steelmakers battle with new participants for market share amid low domestic demand, retreating from announced price increases.Fastmarkets' domestic rebar price assessment was 2,450-2,600 Reais per tonne delivered on June 7, down from 2,600-2,720 Reais per tonne a month prior. The bottom of the price range is at its lowest for this year.Lon...Read More
European steelmakers have called for the European Commission (EC) to review its decision to liberalize its import safeguard measures by increasing quota volumes by 5% each year, Fastmarkets has learned.The current safeguard mechanism will increase the level of tariff-free quotas for each product category by 5% after each year. The first liberalization will take place on July 1, 2019 - the end of t...Read More
South Korean steel majors Posco and Hyundai Steel have both been asked by provincial governments to idle their blast furnaces over pollution levels, market sources told Fastmarkets MB on Tuesday June 4."However, there is no confirmation as to whether both steelmakers will stop their blast furnaces and they...Read More
South32's decision to review the future of its manganese alloy assets comes as little surprise to fellow manganese alloy producers because they are likely to be considering similar options. The review, which could result in the divestment of the assets, reflects a wider predicament affecting alloy producers struggling with historically high ore prices and a subdued market for their own product. So...Read More
The London Metal Exchange has decided on a dispute over when the load-in, load-out (LILO) rule should have been activated, ruling in favor of warehouse company Istim. People familiar with the situation said that the warehousing firm had been found to have acted vigorously and without delay in its dealings with Glencore at its warehouses in Port Klang, Malaysia, following large cancellations of alu...Read More
The temporary truce on tariffs between China and the United States could be over, injecting a new round of uncertainty into the global financial markets and suspending hopes that a resolution to the countries' trade impasse was likely.US President Donald Trump has threatened to raise the tariff on $200 billion-worth of Chinese imports to 25% from 10% by Friday May 10. He also said that the US may...Read More
China's month-on-month new electric vehicles (NEV) sales rebounded in August after month-on-month declines in June and July. The drop in sales between May and June was the first drop since September 2016, but Fastmarkets MB had expected Chinese NEV sales to dip temporarily after the June subsidy changes came into effect because consumers and NEV manufacturers would have to adjust to the new subsid...Read More
Iron ore prices fell sharply in the second half of November after climbing through October, with prices for higher-grade material pioneering the decline.Fastmarkets MB daily benchmark for 65% Fe fines dropped by 22% by Monday November 26 after peaking on October 29. The 62% Fe iron ore index declined by 16% over the period, as some Chinese steelmakers started to seek larger volumes of cheaper ores...Read More
The steel scrap sector in the United States still depends on exports to Turkey, a member of the Fastmarkets research team said during the ferrous session at the Bureau of International Recycling (BIR) conference in London.This dependence persists despite the changes in the international markets created by the US' imposition of its Section 232 tariffs on imports of steel products, metals analyst Le...Read More
Seaborne pig iron has become relatively competitive versus ferrous scrap over the past year in most regions, and China is no exception. As the first chart below illustrates, the gap between the MBR's proxy for imported pig iron price in China and the Metal Bulletin's Chinese domestic heavy melt scrap price assessment had shrunk by late 2017. The premium averaged $17 per tonne this year to date, co...Read More
Here are five Fastmarkets MB stories you might have missed on Friday June 7 that are worth another look.The outlook for continuing Chinese demand for copper scrap from the United States, especially No2 copper (birch/cliff), is cautiously optimistic among market participants. In base metals, the ongoing trade war between the US and China is dampening investor interest in the primary copper ind...Read More
Global risk sentiment improved on Monday June 10 after the United States reached a last-minute trade deal with Mexico over the weekend, averting the imposition of a 5% tariff on all Mexican goods entering the US.The positive trade development has paved the way for the London Metal Exchange three-month base metals prices to recover higher this morning as investors’ appetite for risk assets ret...Read More