Key data from the Wednesday May 9 pricing session in Shanghai.Please click on the above tables to view more in-depth pricing data about these assessments in Metal Bulletin's price book.Key drivers - Export prices rose to a six-week high on concerns that supply of scrap raw materials used in the production of ADC 12 aluminium ingot could tighten after the Chinese government slapped a one-month ban...Read More
The price of imported steel billet and local rebar prices have been mostly unchanged in Egypt this week, sources told Metal Bulletin on Thursday May 10.The country's rebar biggest producer, Ezz Steel, is still offering material at E ?12,528 ($705) per tonne ex-works, including 14% VAT, while Beshay Steel, also a major domestic producer, is offering rebar at E ?12,525 per tonne ex-works including 1...Read More
The catchphrase “follow the money,” popularized by the 1976 film All the Presidents Men, suggested that if you’re looking for a motive behind an event, you simply need to follow the money. In the case of recent price declines in gold, the more appropriate catchphrase would be to “follow the dollar,” or more appropriately, follow the dollar index.The dollar index is th...Read More
Lead Intraday – SELL Lead at CMP 154.85 for Target 153.85 – 153.10 with SL Above price 156AFTER POST CONTENT Read More
Aluminium Tips Online – Aluminium BUY Call 81c given at price 160.20 (160.60+159.80) Triggered SL at price 159.10. Total 1.10 Points per lot SL hitTIPS ID 81c : Aluminium Today - BUY Aluminium at CMP 160.60 Add more if price 159.80 with SL Below 159.10 for Target 161.90 - 162.60AFTER POST CONTENT Read More
Free Copper Call – Copper BUY Call 80c Advised at price 454.85 (455.70+454) Advised to Carry. CMP 458.20. Low risk taker book 3.35 x 2 lot = 6.70 PointsTIPS ID 80c : Copper Carry Call - BUY Copper at CMP 455.7 Add more at price 454 with SL 452.70 for Target 459 - 461AFTER POST CONTENT Read More
Today LME Stock Report : 09/05/2018 Aluminium down by -21100MT,Copper down by -9600MT,Lead down by -450MT,Nickel down by -198MT &Zinc down by -950MT.AFTER POST CONTENT Read More
Aluminium Today – BUY Aluminium at CMP 160.60 Add more if price 159.80 with SL Below 159.10 for Target 161.90 – 162.60AFTER POST CONTENT Read More
Nickel Calls Today – SELL Nickel at CMP 934.80 for Target 926 – 921 with SL Above price 941.60AFTER POST CONTENT Read More
(Kitco News) - Gold and silver prices were near steady levels in early-afternoon U.S. trading Wednesday. Gold market bulls are fighting to hold the yellow metal above critical chart support at $1,300.00, and they have been successful so far, which has stabilized the market for the time being. June Comex gold futures were last down $0.50 an ounce at $1,313.20. July Comex silver was last up $0.073 a...Read More
Today Aluminium Intraday – Aluminum Sell call 815 given at price 161 Achieved 2nd Target 159.60. Made 159.45 low. Total profit of 1.4 x 2 lot = 2.8 PointsTIPS ID 815 : Aluminium Calls - Aluminium SELL at CMP 161 For Target 160.20 - 159.60 With SL Above 162. Trade 2 lotsAFTER POST CONTENT Read More
Aluminium Tips Online – Aluminium Sell call 815 given at price 161 Achieved 1st Target 160.20 (Made Exact low 160.20) Total profit of 0.8 x 2 lot = 1.6 PointsTIPS ID 815 : Aluminium Calls - Aluminium SELL at CMP 161 For Target 160.20 - 159.60 With SL Above 162. 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
Aluminium Calls – Aluminium SELL at CMP 161 For Target 160.20 – 159.60 With SL Above 162. Trade 2 lotsAFTER POST CONTENT Read More
Nickel Calls – SELL Mcx Nickel if price around 938 – 939 (CMP 936) for Target 931 – 924 with SL Above price 947.80. Enter at Specified LimitAFTER POST CONTENT Read More
(Kitco News) - Gold-backed exchange-traded funds saw their most significant level of inflows last month in more than a year as gold prices rose to a two-month high, according to the latest data compiled by the World Gold Council.The monthly investment data show that global gold ETFs increased their holdings by 72.2 tonnes to 2,481 tonnes in April. This is the second straight month of inflows and f...Read More
Copper Tips – BUY Copper at CMP 457.30 Add more if price 455.1 with SL 454 for Target 460 – 461.50AFTER POST CONTENT Read More
Standard Chartered says “the floor for prices has risen” in the gold market without requiring significant physical demand to cushion the downside. The precious metal remains range-bound - although at the lower end of the band - but price dips have not been deepened by a soft physical market, the bank says. “We continue to expect prices to test the downside in the lead-up to the J...Read More
Primero Mining Corp. (TSX: P) reports that the Comisi??n Federal de Competencia Econ??mica has provided antitrust clearance for a planned merger in which First Majestic Silver Corp. (TSX: FR; NYSE: AG) will acquire Primero. Officials say this was the final government agency approval required before closing. Primero says closing of the deal is expected on Thursday. The companies announced the...Read More
President Trump announced intentions to pull out of the Iran deal Tuesday, which caused some volatility in all markets. Equities whipped around only to close near the unchanged line. Oil got clobbered but cut most of the losses and is back on four-year highs, and gold failed at $1,318. It's obvious that gold has some issues to deal with and is headed lower. Throughout much of the recent uncertaint...Read More