Metal Bulletin looks at seven key things discussed in Xi'an last month at China Iron & Steel Association's 16th International Steel Market and Trade Conference that will have a major impact on the Asian and Chinese steel markets in the coming years.China plans to cut another 30 million tonnes of steel capacity in 2018China is planning to cut another 30 million tonnes of steel capacity in 2018 as p...Read More
Chinese aluminium and aluminium products are among a list of 1,300 items that the United States is targeting with a 25% import tax following its Section 301 investigation - a move which the Chinese Ministry of Commerce (MOC) said it "strongly condemns and firmly opposes."The office of the US Trade Representative (USTR) on Tuesday April 3 released a proposed tariff list on Chinese products which in...Read More
Global tin premiums barely moved this week on a lack of spot business between the Easter and Tomb Sweeping holidays, but a slight uptrend remained in place amid tightening supply from key exporter Indonesia.Most of Europe had a long weekend at the start of the month for Easter, with some prolonging the break to a week while China has also been slow ahead of the Tomb Sweeping festival on April 5-6....Read More
Zinc futures were trading lower during the afternoon trade in the domestic market on Tuesday as speculators trimmed positions amid easing demand in the spot market. Analysts said offloading of positions by participants on the back of tepid demand in the spot markets, mainly led to decline in zinc prices at futures trade.At the MCX, zinc futures for April 2018 contract was trading at Rs 213.80 per...Read More
(Kitco News) - Gold could jump above $1,400 an ounce this year, with investors attracted to the safe-haven metal amid escalating fears of a global trade war, said CEO of Sprott U.S. Holdings Rick Rule.The yellow metal prices are often guided by the direction of the U.S. dollar and any loss of confidence in the American currency could result in a rush of gold buying, Rule told Bloomberg last week.&...Read More
Today Lead Call – SELL Lead at CMP 155.45 for Target 154.50 – 154 with SL Above price 156.55AFTER POST CONTENT Read More
ZINC HOLD Call – SELL Mcx Zinc April at CMP 214.25 with SL Above 216.10 for Target 213 – 211.50AFTER POST CONTENT Read More
Zinc Live Call – Zinc BUY Call 3e8, given at price 213.70 CMP 214.45. Total 0.75 Points per lot profit chance for low risk takerTIPS ID 3e8 : Zinc Tips - BUY Zinc at CMP 213.70 for Target 214.70 - 215.40 with SL below price 212.50AFTER POST CONTENT Read More
Market participants witnessed or were part of a 180° reversal of market sentiment this morning with equities moving substantially higher, and safe-haven assets such as gold trading lower.Fundamentally not that much has transpired since yesterday’s dramatic selloff in U.S. equities and upside spike in gold prices. However, today it seems investor psychology is either not focusing on the p...Read More
Zinc Tips – BUY Zinc at CMP 213.70 for Target 214.70 – 215.40 with SL below price 212.50AFTER POST CONTENT Read More
NICKEL TARGET LEVEL TODAYNickel Target Level – Nickel Mcx Buy Carry Call 398 Advised for 2 lot at 877 Achieved 1st Target 886. (Made 886.50 high) Total profit of 9 x 2 lot = 18 PointsTIPS ID 398 : Nickel Carry Call - BUY Mcx Nickel at CMP 877.0 for Target 886 - 892 with SL below price 867. High Risk taker trade 2 lotsAFTER POST CONTENT Read More
Nickel Tips – nickel Sell call 3dc given at 877 Sudden Jump Makes SL hit at price 883. Total 6 Points Per lot SL hit in Nickel3dc : Nickel - SELL 2 lot Nickel at CMP 877 for Target 870 - 865 with SL Above price 883AFTER POST CONTENT Read More
(Kitco News) - The gold market saw some technical selling pressures ending Tuesday’s session down on the day, pushed lower by improved investor risk sentiment and a stronger U.S. dollar.June gold futures settled the session at $1,337.30 an ounce, down 0.71% on the day. At the same time, May silver futures last traded at $16.392 an ounce, down 1.7% on the day.According to analysts, the precio...Read More
WASHINGTON (Reuters) - President Donald Trump said on Tuesday he would use U.S. military forces to protect the nation’s southern border with Mexico until there is a border wall and “proper security” in place.“We are going to be doing things militarily,” Trump told reporters at the White House, adding he had discussed the idea with U.S. Defense Secretary Jim Mattis.&ld...Read More
MCX ALUMINIUM LIVE TARGET TIPSAluminium Live Target – Aluminium Sell Intraday Call 3ad, Given at price 132.10 Achieved 1st Target 131.10. CMP 130.80. Total Profit of 1.3 x 2 lot = 2.60 PointsToday Aluminium Intraday - SELL Aluminium 2 lot at CMP 132.10 for Target 131.10 - 130.60 with SL Above price 13AFTER POST CONTENT Read More
Nickel – SELL 2 lot Nickel at CMP 877 for Target 870 – 865 with SL Above price 883AFTER POST CONTENT Read More
NEW YORK (Reuters) - John Williams, the genial president of the Federal Reserve Bank of San Francisco and a top monetary economist, was promoted on Tuesday to head the New York Fed in a politically explosive decision likely to ramp up criticism that the bank ignored more diverse candidates.The New York Fed’s directors said Williams will on June 18 succeed William Dudley in what is seen as th...Read More
Zinc Tips Today – Zinc Mcx Sell Call 3c9 given at price 213.80 Achieved 2nd Target 212.70. Made 213.50. Total Profit of 1.10 x 2 lot = 2.20 PointsTIPS ID 3c9 : Zinc Calls - SELL Zinc at CMP 213.80 for Target 213 - 212.70 with SL Above price 214.80. RISK Taker trade 2 lotsAFTER POST CONTENT Read More
Today Lead – Low risk trader book small profit in Lead Sell call 3bc given at price 156.15 CMP 155.60. Total 0.55 Points per lot. RISK taker Hold as per callTIPS ID 3bc : Mcx Lead Call - SELL Lead at CMP 156.15 for Target 155.20 with SL Above price 157.25AFTER POST CONTENT Read More
FREE ZINC INTRADAY CALLFree Zinc Intraday Call – Mcx Zinc Sell Call 3c9 Given at price 213.80. Achieved 1st Target 213. CMP 213. Total profit of 0.8 x 2 lot = 1.60 Points / Rs 8000TIPS ID 3c9 : Zinc Calls – SELL Zinc at CMP 213.80 for Target 213 – 212.70 with SL Above price 214.80. RISK Taker trade 2 lotsAFTER POST CONTENT Read More