Base metals on the London Metal Exchange were lower across the board during morning trading on Friday August 3, facing pressure from a firmer US dollar index while intensified US-China trade tensions keep investors cautious.Despite robust demand from the stainless steel and electric vehicle (EV) sectors, as well as a wide contango in the cash/three-month spread at $93.75 per tonne, nickel prices c...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday August 3*Copper -$36.46 (-251.34 yuan) Aluminium -$430.19 (-2,965.93 yuan) Zinc +$38.65 (+266.46 yuan) Nickel +$154.45 (+1064.83 yuan) *Metal Bulletin calculates the physical arbitrage for import into...Read More
As a result of a technical error, Metal Bulletin's low-grade and high-grade cobalt price assessment for August 3 was published late on the Metal Bulletin price book.Metal Bulletin assessed low-grade and high-grade cobalt prices both at $34.40-35.55 per lb, in-warehouse, on Friday August 3, both down from the previous assessment of $34.75-36 per lb.To provide feedback on the delayed publication of...Read More
Cobalt metal and sulfate prices weakened last month, facing acute pressure from tight credit in China and associated cheap sales, with European consumers firmly in summer mode. Price moves: Arbitrage plays helped to drive benchmark cobalt prices down over the course of July, while wide spreads opened up between the Chinese domestic market and prevailing spot prices in the international market...Read More
Three-month base metals prices on the London Metal Exchange were for the most part weaker on the morning of Friday August 3, with the complex down by an average of 0.2%.Aluminium and nickel prices were unchanged to slightly higher, while lead prices led on the downside with a 0.6% fall and copper prices were off by 0.3% at $6,124 per tonne. This follows a mixed day on Thursday, when aluminium, nic...Read More
Base prices for stainless steel flat and long products in Europe were stable on Friday August 3 in extremely quest trading conditions that are typical of the slower summer months. Metal Bulletin's weekly domestic base price assessment for 2mm, grade-304 cold-rolled (CR) stainless steel sheet in Northern Europe was unchanged at ?,?1,000-1,050 ($1,162-1,220) per tonne delivered while the weekly asse...Read More
The following Metal Bulletin non-ferrous European free market scrap prices changed on Friday August 3:Aluminium scrapFloated Frag: ?,?1,220-1,260 per tonne from ?,?1,230-1,270Cast: ?,?1,120-1,190 per...Read More
Vietnam scrap import prices are set to be the next Asian scrap benchmark with import volumes continuing to rise in 2018 on a year-on-year basis.Demand for scrap is expected to remain firm due to the rapid growth of steelmaking capacity in the country supported by its fast-growing economy. Vietnam's gross domestic product is expected to grow 6.7% this year, largely stable in comparison with last ye...Read More
Copper Mcx – Copper buy Call cda, given at price 413.50 CMP 417. Total Profit of 3.5 Points x 2 lot = 7 Points / Rs 7000 for Low risk takercda :Copper Calls - Buy Copper at CMP 413.50 Add more at price 410 with SL 407.80 for Target 419 - 425 Read More
The fact of the matter is that most market participants are acutely aware of the fact that the strategy of quantitative easing has ended and no longer guides the Federal Reserve’s monetary policy.In reaction to the devastating recession which began in 2008, which was directly attributed to the banking and mortgage crisis, the Federal Reserve began a series of steps to revitalize the United S...Read More
NEW YORK (Reuters) - The dollar rose to the highest in nearly two weeks against a basket of currencies on Thursday, as a flare-up in trade tensions between the United States and China drove traders to buy the U.S. currency.The dollar index, which measures the greenback against a basket of six other currencies, was up 0.51 percent at 95.109, the highest since July 20.“Overall, the dollar is s...Read More
Aluminum Carry Call – Buy Aluminium at CMP 141.0 for Target 142 – 142.60 with SL 139.9 Read More
NEW YORK (Reuters) - A deepening trade dispute between the United States and China weighed on global stocks and bond yields on Thursday, but a rise in Apple shares took its valuation above a record $1 trillion and helped lift major U.S. indexes into positive territory.In midday trading, Apple Inc became the first publicly traded company with a market capitalization exceeding $1 trillion. That led...Read More
BEIJING/WASHINGTON (Reuters) - China vowed on Thursday to retaliate if the United States acted on a threat to raise tariffs on the Asian nation’s exports, fueling fears in financial markets that the trade war between the world’s two biggest economies would escalate.U.S. President Donald Trump on Wednesday instructed his trade officials to look at increasing tariffs to 25 percent from 1...Read More
Live Lme Stock Report Today : 02/08/2018Aluminium : – 3075 MTCopper : + 10 MTLead : – 75 MTNickel : – 192 MTTin : – 25 MTZinc : – 1975 MT Read More
Copper Calls – Buy Copper at CMP 413.50 Add more at price 410 with SL 407.80 for Target 419 – 425 Read More
Zinc Positional Call – Zinc Buy Positional Call cd0 given at price 175.4 Achieved 1st Target 178.50. CMP 178.60. Profit of 3.10 Points / Rs 15500TIPS ID cd0 : Mcx Zinc Positional Call - Buy Mcx Zinc at CMP 175.40 Add more at price 173.20 with SL 171.50 for Target 178.50 - 180.50. Hold Upto Results Read More
ZINC FREE CALLS TODAYZinc Free Calls Today – Zinc Buy Call cd3 given at price 175.40 Achieved 1st 176.50 & 2nd Target 178. CMP 178.45. Total Profit of 2.6 Points per lotTIPS ID cd3 : Mcx Zinc Tips - Buy Zinc at CMP 175.40 for Target 176.50 - 178 with SL below price 174.20 Read More
Nickel Live – Nickel buy Call cd2, given at price 919 CMP 927. Low Risk taker book 8 Points per lotCALL ID cd2 : Nickel Intraday - Buy Nickel at CMP 919 for Target 929 - 935 with SL below price 909 Read More
(Kitco News) - Gold prices are moderately lower in early-afternoon dealings, and trading near the recent one-year low, basis nearby futures (and a 1.5-year low basis the December futures contract). A stronger U.S. dollar index that is near a 12-month high continues to scare buyers away from the precious metals markets. December gold futures were last down $5.20 an ounce at $1,222.40. September Com...Read More