The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebar East China, domestic, grade...Read More
Key data from the Wednesday May 16 pricing session in Europe.Key drivers - The ferro-titanium spot market moved down within its trading range, with about 280 tonnes of alloy reported to have been traded. - Most of the tonnage was reported sold at above $5 per kg, delivered duty paid, with less than 50 tonnes sold at $4.25-4.65 per kg. There is a disparity between what most producers have reported....Read More
The latest bids, offers and deals in the global markets for ferrous scrap products.Latest transaction: HMS, bonusTurkey, import, 25,000...Read More
Turkish deep-sea scrap import prices fell sharply on Thursday May 17 on news of a fresh European cargo being sold on the day.The country's steel producers were trying to get lower prices because of the weak demand in the domestic finished steel markets, sources said.A steel mill in the Iskenderun region booked the European cargo, comprising 25,000 tonnes of HMS 1&2 (75:25) and 10,000 tonnes of bon...Read More
Physical iron ore prices were rangebound on Thursday May 17 amid a slowdown in trading activity.Metal Bulletin 62% Fe Iron Ore Index: $67.49 per tonne cfr Qingdao, down by $0.54 per tonne Metal Bulletin 58% Fe Premium Index: $54.56 per tonne cfr Qingdao, unchanged Metal Bulletin 65% Fe Iron Ore Index: $86.40 per tonne cfr Qingdao, up by $0.20 per tonne Metal Bulletin 62% Fe China Port Price Index:...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreRio Tinto, tender, 190,000 tonnes of 61% Fe Pilbara Blend fines, sold at $66.06 per tonne cfr China, laycan May 31-June 9.Vale, Beijing Iron Ore...Read More
Seaborne coking coal prices were stable on Thursday May 17, though uncertainties about Australian supply and a strengthening downstream market appear to have improved sentiment, participants said.While trading activity remained thin in the hard coking coal segment during the day, a June-laycan cargo of low-vol pulverized coal injection materials was heard traded against an index at a 1-2% premium....Read More
German steelmakers have settled their monthly scrap contracts for May at unchanged prices due to a balance in supply and demand, sources told Metal Bulletin.Metal Bulletin's monthly price assessment for domestic grade-E3 scrap in Germany for May was ?,?280-300 ($331-354) per tonne delivered, unchanged from last month."Demand for scrap [in Germany] is good, but also there is no...Read More
The sharp rally in cobalt prices over the past two years has accelerated the adoption of cobalt scrap in the production of cobalt metal and salts, including cobalt sulfate, Chinese market participants told Metal Bulletin. The boom in cobalt scrap demand has come at a time when cobalt prices have almost doubled in a year due to a bullish outlook on electric vehicles (EVs) consumption. Cobalt is one...Read More
China's ferrous futures trended downward during morning trading on Thursday May 17 before minimizing their losses toward the end of the session, with the benchmark hot-rolled coil contract performing the best by closing higher than its opening price.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,680 yuan ($577) per tonne, down 4 yuan per tonne October hot-rolle...Read More
Soft demand and limited trading activity kept East Asia's stainless steel prices relatively steady over the past week, although some mills continued to raise their offers amid costlier nickel.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm trimmed cold-rolled coil was $2,210-2,310 per tonne cif East Asian ports for the week ended Wednesday May 16, widening downward by a sligh...Read More
Chinese aluminium ingot ADC 12 export prices to main Japanese ports (MJP) hit a record high on Wednesday May 16, pushed up by a tight raw material market in China after the temporary one-month shutdown of the China Certification & Inspection Group's (CCIC) North American office, which stopped all scrap imports to China immediately.Metal Bulletin's price assessment for Chinese aluminium alloy ADC 1...Read More
The head of Chinese metals trader Maike Group aims to convince the country's authorities to allow the establishment of a network of warehouses bonded to the London Metal Exchange (LME) on the mainland within the next five years."Every year we have massive amount of metals shipped to Shanghai from nearby LME locations such as Malaysia and South Korea. Chinese customers are paying an unreasonably hi...Read More
LEAD COMMODITY TRADING TIPSLead Commodity Trading – Mcx Lead Sell call 8dc given at price 159.50 Achieved 1st Target 158.50. CMP 158.50. Total profit of 1 Point x 2 lot = 2 points / Rs 10000TIPS ID 8dc : TODAY Lead Calls - SELL Lead at CMP 159.50 for Target 158.50 - 157.80 with SL Above price 160.60. RISK Taker trade 2 lotsAFTER POST CONTENT Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our market professional survey.Readers can al...Read More
Today Lead CallsTODAY Lead Calls – SELL Lead at CMP 159.50 for Target 158.50 – 157.80 with SL Above price 160.60. RISK Taker trade 2 lotsAFTER POST CONTENT Read More
For the first time this year, gold has broken below the key psychological level of $1,300 per ounce. This year began already deeply entrenched in a dynamic rally which took gold pricing from $1,238 per ounce to $1,365 by the end of January. From that point forward, gold staged two rallies attempting to break the previous highs and resistance at $1,365, as well as two corrections challenging the lo...Read More
Free Copper Live Tips – Copper Sell call 8c3 given at price 461.60 Achieved 1st Target 459.60 (Made 458.70 low at 05:18pm) Total profit of 2 Points x 2 lot = 4 pointsCALL ID 8c3 : Copper Call - SELL Copper at CMP 461.60 with Small SL Above 463.60 for Target 459.60 - 458.50AFTER POST CONTENT Read More
Today Lead Trading Tips – Lead Sell call 8ce given at price 159.70 Achieved 1st Target 158.80 & 2nd Target 158.20 (Made 157.85 low) Total profit of 1.5 x 2 lot = Rs 15000 / 3 Points8ce : Mcx Lead Call - SELL 2 lot Lead at CMP 159.70 for Target 158.80 - 158.20 with SL Above price 160.80AFTER POST CONTENT Read More
Free Zinc Call – Zinc SELL Call 8cd given at price 209.30 Achieved 1st Target 208.20. CMP 207.80 (Near to 2nd TGT) Total profit of 1.5 x 2 lot = Rs 15000 / 3 Points8cd : Mcx Zinc Tips - SELL Zinc at CMP 209.30 for Target 208.20 - 207.60 with SL Above price 210.10AFTER POST CONTENT Read More