Manganese ore and alloy prices have continued to slide in China due to deteriorating downstream demand, while prices also weakened in Europe and held in the United States. Ore prices drop almost 5% in China Lower silico-manganese tenders squeeze smelter margins Indian alloy prices track ore lower European alloy prices weaken as prompt demand dries up US contract negotiation...Read More
Continued concerns about output in major production hub Jiangxi province amid a new round of environmental inspections there boosted ammonium paratungstate (APT) and concentrates prices last week, while ferro-tungsten prices were under pressure due to weakening demand. Production disruptions in Ganzhou, Jiangxi province, support APT prices Ferro-tungsten prices under pressure amid weakening...Read More
The global hot-briquetted iron (HBI) export market will continue growing on increased demand and higher output levels, according to Chris Barrington, secretary general of the International Iron Metallics Association (IIMA). "There is increasing production of flat products via the [electric-arc furnace] (EAF) route and, to achieve the required quality, steelmakers can't rely totally on scrap, so th...Read More
Metal Bulletin has reviewed its benchmark cobalt prices to ensure they are relevant and fit for application in a rapidly evolving market. Metal Bulletin is hosting a free web seminar on Tuesday May 8 at 9am London time to summarize the findings from its recent industry-wide consultation into its cobalt prices, and changes that will be implemented from January 2019. Date: Tuesday May 8, 2018 Time:...Read More
Swedish special steel producer Ovako has attributed a 32.3% year-on-year rise in first-quarter pre-tax profits to "persistently strong" markets.Ovako's earnings before interest, taxes, depreciation and amortization (Ebitda) rose to ?,?41 million ($49.6 million) for the first quarter of 2018, compared with ?,?31 million in the first quarter of last year, the company said last week in...Read More
The United States has postponed imposing Section 232 tariffs on steel and aluminium imported from the European Union, Canada and Mexico, until June 1.President Donald Trump's administration announced the extension of temporary exemptions for the key trading blocs at the last moment on Monday April 30. A 10% import tax on aluminium and a 25% import tax on steel were due to come into effect on...Read More
Copper Carry – BUY Copper JUN at CMP 453 Add more at price 451 with SL 449.60 for Target 457 -458AFTER POST CONTENT Read More
Nickel Carry – BUY Nickel at CMP 916 for Target at price 926 – 932 with SL below price 907AFTER POST CONTENT Read More
Core PCE Price Index m/m: prior 0.2% Exptd 0.2% Actual 0.2%Personal Spending m/m: Prior 0.2% Exptd 0.4% Actual 0.4% Neutral Data for Base MetalsPersonal Income m/m: Prior 0.4% Exptd 0.4% Actual 0.3%Negative Data for base metalAFTER POST CONTENT Read More
WASHINGTON (Reuters) - The latest U.S. proposal for updating NAFTA's automotive rules would carry a four-year phase-in to meet a higher, 75 percent regional value threshold as well as new labor content rules requiring substantial work at hourly wages of at least $16.A summary of the proposal, seen by Reuters and circulating among auto industry officials based on descriptions from Canadian and Mexi...Read More
NEW YORK (Reuters) - Weaker-than-expected German data hurt the euro against the U.S. dollar on Monday, with investors further unwinding short positions on the greenback that were based on assumptions that the European Central Bank was nearer to unwinding its stimulus.German monthly retail sales unexpectedly dropped in March, dampening cheer around a consumer-led upswing in Europe’s biggest e...Read More
(Kitco News) - The U.S. Federal Reserve is likely to scale back its planned rate hikes by yearend, providing a powerful tailwind for gold, according to a recent report from Sprott Asset Management.“Fed policy reversal would be the final component of a potent combination of fundamentals which has been developing in gold’s favor during the past several quarters,” the report said.Th...Read More
Zinc Tips – Today Zinc Sell tips 72b given at price 210 Triggered SL hit at price 211.10. Total 1.10 Points SL hit72b : Zinc Intraday - SELL Zinc at CMP 210.0 with SL Above 211.10 for Target 209 - 208.40 AFTER POST CONTENT Read More
(Kitco News) - Commodity prices, particularly gold and oil have jumped higher Monday after Israel's Prime Minister Benjamin Netanyahu said that Iran ran a secret program to produce nuclear weapons.In a speech on Monday, Netanyahu released thousands of pages of documents, which he said were copied from a "highly secret location" in Iran that detailed an effort to build nuclear arms.He sai...Read More
(Kitco News) - Gold and silver prices were moderately down in early afternoon trading Monday. However, both markets were well up from their daily lows to begin to suggest the bears are now exhausted from their recent downside assault. Early on today gold sank to a two-month low and silver dropped to a five-week bottom. The recent solid rally in the U.S. dollar index continues to curtail buying int...Read More
Mcx Aluminium Trading – Aluminium SELL Call 728 given at price 148.65 Achieved 1st Target 147.80. Made 147.70. Total Profit of 0.85 x 2 lot = 1.70 PointsTIPS ID 728 : Aluminium Tips - SELL Aluminium at CMP 148.65 for Target 147.80 - 147.10 with SL Above price 149.80 Trade with 2 lotsAFTER POST CONTENT Read More
Aluminium Intraday – Aluminium Sell call 728 given at 148.65. CMP 148. Low risk taker book 0.65 x 2 lot = 1.30 Points728 : Aluminium Tips - SELL Aluminium at CMP 148.65 for Target 147.80 - 147.10 with SL Above price 149.80 . Trade with 2 lotsAFTER POST CONTENT Read More
(Kitco News) - Rising U.S. inflation could prompt contrasting reactions among gold-market participants, Mitsubishi pointed out in a report Monday. Rising costs tend to mean higher Treasury yields that in turn underpin the U.S. dollar, thereby hurting gold. Yet, Mitsubishi also pointed out, there is also potential for some market participants to buy gold as an inflation hedge. “The week ahead...Read More
Zinc Intraday – SELL Zinc at CMP 210.0 with SL Above 211.10 for Target 209 – 208.40AFTER POST CONTENT Read More
Aluminium Tips – SELL Aluminium at CMP 148.65 for Target 147.80 – 147.10 with SL Above price 149.80 Trade with 2 lotsAFTER POST CONTENT Read More