The UK inter-merchant price range for austenitic alloy steel products narrowed upward by ?10 per tonne this week while the price of nickel fluctuated, sources said on Friday April 6.Metal Bulletin's weekly price assessment for inter-merchant 18/8 scrap solids in the UK was ?940-980 ($1,319-1,375) per tonne delivered on Thursday, compared with ?930-980 per tonne on March 29.The London Metal Exch...Read More

Mcx Lead Call – SELL Lead at CMP 154.55 for Target 153.70 – 153.30 with SL Above price 155.50. Trade 2 lotsAFTER POST CONTENT Read More

(This April 5 story corrects paragraph 18 to show the expansion will add 200,000 barrels of daily capacity, not 200 million barrels.)By Devika Krishna KumarNEW YORK (Reuters) - The Permian basin in Texas is leading the way as U.S. oil production has reached an all-time high, but the prolific output is causing bottlenecks as pipelines transporting the crude have filled up more quickly than expected...Read More

The latest metal markets news and price moves to start the North American day on Friday April 6.Base metal prices were lower across the board on the London Metal Exchange during morning trading, due to the US announcing it could impose further sanctions on Chinese products.US President Donald Trump announced further tariff considerations against Chinese products, proposing a further $100 billion i...Read More

Noah Abelson-Gertler, chief executive of ShareRoot Ltd (ASX:SRO), updates Proactive Investors ahead of presentations at the TechKnow Invest Roadshow in Sydney on April 10 and Melbourne on April 12.The company's latest offering, MediaConsent, is currently being rolled out as issues of data protection are hitting headlines and crystallising in the minds of consumers, companies and governments."Share...Read More

Copper Calls – SELL Copper at CMP 435.65 for Small Target 434 – 433 with SL ABove price 437.50AFTER POST CONTENT Read More

MEXICO CITY (Reuters) - Mexican Foreign Minister Luis Videgaray said on Friday he does not rule out the possibility of a “quick result” in negotiations with the United States and Canada over an updated North American Free Trade Agreement (NAFTA).Mexico’s top diplomat emphasized that progress is being made on various issue-specific tables of the negotiation, noting that he met in...Read More

Good morning from Metal Bulletin's office in Singapore as we bring you the latest news and pricing stories on Friday April 6. Base metals prices on the London Metal Exchange were mostly lower during Asian morning trading on Friday after United States President Donald Trump said he has instructed his administration to consider $100 billion in additional tariffs against China.The LME three-month cop...Read More

There are four major factors driving the market. The factors are growth, trade wars, geopolitics and regulation of technology.Each of the four factors has its own internal contradictions, in effect a binary outcome for each. This means there are 16 possible paths the market might follow (24 = 16). No wonder the market acts confused.With regard to growth, the bulls expect a boost from the Trump tax...Read More

(Reuters) - U.S. stock indexes opened lower on Friday as renewed fears of a trade conflict between the United States and China outweighed a lower-than-expected March jobs data that eased concerns over aggressive interest rate hikes.The Dow Jones Industrial Average .DJI fell 234.05 points, or 0.96 percent, to 24,271.17. The S&P 500 .SPX lost 22.96 points, or 0.862237 percent, to 2,639.88. T...Read More

"It's like traders have an acute case of Attention Deficit Disorder," my friend Rob said last weekend."They can't focus on any one thing for more than a day or two. But they're buying and selling as quickly as possible based on whatever 'shiny object' catches their eye."And he's right!As the market fluctuates higher and lower, traders are increasingly distracted by the prospects of trade wars, hig...Read More

LONDON (Reuters) - Rising trade tensions between the United States and China have sparked equity outflows over the last week, though so far there has only been a modest unwind of 2018’s most popular trades, fund flows data show.A weekly data compilation by Bank of America Merrill Lynch (BAML) showed the third straight week of equity outflows, with redemptions of $7.2 billion, according to a...Read More

WASHINGTON (Reuters) - The United States imposed sanctions on Friday against Russian businessmen, companies and government officials, striking at associates of President Vladimir Putin in one of Washington’s most aggressive moves to punish Moscow for a range of activities, including alleged meddling in the 2016 U.S. election.The action, taken under pressure from the U.S. Congress, freezes th...Read More

The stock market has begun to exhibit the classic symptoms of what professional men call manic depression.Its emotional swings are many... and its emotional swings are extreme.The Dow Jones industrial average was down 510 depressed points to start yesterday morning.Then a pendulum swing to the other extreme sent it 720 manic points higher.Meantime, yesterday was the 26th occasion this year that th...Read More

WASHINGTON, (Reuters) - The U.S. economy created the fewest jobs in six months in March as the boost from mild temperatures faded, but a pickup in wage gains pointed to a tightening labor market, which should allow the Federal Reserve to raise interest rates further this year.Nonfarm payrolls increased by 103,000 last month as construction and retail sectors shed jobs, the Labor Department said on...Read More

Aboard Air Force One (Reuters) - U.S. President Donald Trump said on Thursday he would take a serious look at policies to address what he says are the unfair business advantages of online retailer Amazon.com Inc (AMZN.O)Speaking to reporters while traveling back to Washington from West Virginia on Air Force One, he accused Amazon of not operating on a level playing field and not paying enough sale...Read More

BRUSSELS (Reuters) - Facebook (FB.O) has confirmed that the data of 2.7 million EU citizens were among those improperly used by political consultancy Cambridge Analytica, the EU executive said on Friday.The European Commission said it received a letter from the social media giant late on Thursday and that it would press for more details, piling pressure on the firm that has lost more than $100 bil...Read More

While hybrid and electric vehicles (EV) continue to grow in popularity, is there enough charging infrastructure to sustain the UK's electric dreams, Lord Copper asks.Over the past few weeks, I have been conducting a straw poll about the subject of hybrid and pure electric vehicles.No statistician would work from the arbitrary sample I have but, that proviso aside, I have found most reactions to be...Read More

LONDON (Reuters) - Oil prices fell on Friday after U.S. President Donald Trump’s threat of new tariffs on China reignited fears of a trade war between the world’s two biggest economies.Trump said on Thursday he had ordered U.S. trade officials to consider tariffs on an extra $100 billion of imports from China, escalating tensions with Beijing.“There is a risk for oil prices that...Read More

It was all going so well for the London Metal Exchange metals at the turn of the year: Robust late-2017 price strength was initially carried through into January, with a commensurate increase in turnovers, and the words "bull market" were on many people's lips. But, as winter turns into spring and temperatures mostly rise, the heat has gone out of the market, and much of that bullish ardor has coo...Read More