The arbitrage for copper, aluminium, zinc and nickel imported into China on Monday March 26*Copper -$111.19 (-702.99 yuan) Aluminium -$396.12 (-2,504.36 yuan) Zinc -$54.55 (-344.90 yuan) Nickel -$413.39 (-2,613.58 yuan) *Metal Bulletin calculates the physical...Read More
China's plunging steel prices are stoking the bearish sentiment among buyers over prices for steelmaking raw materials. Domestic rebar prices in China had entered the month of March above 4,000 yuan ($633) per tonne. Metal Bulletin's assessment of domestic prices for rebar in east China was 3,410-3,500 yuan per tonne on Monday March 26, compared with 4,080-4,120 yuan per tonne on March 1.A steel m...Read More
Market participants have said that a credit squeeze in India will lead cadmium prices to stabilize at current levels.The end of the fiscal year has also meant that companies are putting off purchases until next month. The new fiscal year in India begins on April 1.Metal Bulletin assessed the 99.95% cadmium quotation at 155-170 cents per lb on Friday March 23, up from 150-170 cents per lb on W...Read More
Market participants believe that the vote in the US International Trade Commission (ITC) on Friday March 23 - against the imposition of silicon import duties on material from Australia, Brazil, Norway and Kazakhstan - will help to raise silicon prices in Europe.But they also believed that the price rise would be subdued, because prices in China were weakening.Metal Bulletin assessed the price of g...Read More
The LBMA Gold and Silver prices will no longer be available in the public domain or on the FastMarkets platform with respective delays of 30 minutes and 15 minutes from April 3.Instead, these delayed prices will be published in the public domain at midnight on the date of...Read More
The Chinese silicon export market continued to weaken over the past week due to soft demand, while prices in the European market were unchanged.Metal Bulletin assessed the Chinese grade 553 silicon export price at $1,960-2,000 per tonne on Friday March 23, down from $1,980-2,030 per tonne in the prior week, with sellers lowering their offer prices to entice business from otherwise uninterested buy...Read More
Summary of China's minor metals exports and imports in February 2018.Unwrought bismuth metal exports Month total: 224 tonnes On month: -34.88% On year: +53.93%* Wrought bismuth metal exports...Read More
Base metals prices on the London Metal Exchange are down across the board by an average of 0.5% this morning, Monday March 26, led by a 1.1% fall in copper to $6,577 per tonne. Volume has been high with 12,433 lots traded as of 07:18 am London time.In precious metals, gold prices are off by 0.2% at $1,344.89 per oz, while silver and platinum prices are little changed and palladium prices are up by...Read More
The European Commission (EC) launched a safeguard investigation on Monday March 26 into 26 steel product types in an attempt to prevent the redirection of steel in the global export markets from the United States to the EU market."[The investigation] concerns products of all origins, and its opening does not prejudge its results," the EC said. "However, the procedure may result in the imposition o...Read More
South Korea is working to ease the steel import quota limits imposed by the United States following its Section 232 investigations, the Korea Iron & Steel Association (Kisa) said on Monday March 26.The 70% quota is based on the average US import volumes from South Korea for 2015-2017, which is about 74% of 2017's total, and was imposed after the US exempted South Korea from the Sect...Read More
A summary of China's base metal imports figures in February 2018.Refined copper Month total: 229,611 tonnes On month: -27% On year: -1.82% Copper ore and concentrates Month total: 1.45 million tonnes On month: -10.44% On year: +1.57%* Copper scrap Month total: 129,817 tonnes On month: -35.06% On year: -52.44% Aluminium Month...Read More
(Kitco News) - The only investment traders can safely bet on going up is gold, said Eric Sprott, billionaire precious metals investor and founder of Sprott Inc.“What’s going up? One thing — gold. And silver. That’s what we would expect to happen. It’s impossible to tighten monetary policy with the situation the [Fed] left us in,” Eric Sprott said during Sprott M...Read More
ZincMini Tips – Mcx Zinc Mini BUY Call 235 given at 208.90. CMP 209.65. Book 0.75 Points per lot here. Not moving as expected…TIPS ID 235 : Tips for ZincMini - Buy Zinc Mini March at CMP 208.90 for TGT 210 - 210.80 with SL below price 207.50AFTER POST CONTENT Read More
Today Intraday Nickel – Nickel BUY Call 231 given at price 845 Achieved 1st Target 855. CMP 857. Total profit of 12 Point x 2 lot = 24 PointsTIPS ID 231 : Tips for Nickel - BUY Nickel at CMP 845 for Target 855 - 859 with Small SL below price 839. Trade multi lotsAFTER POST CONTENT Read More
Tips for ZincMini – Buy Zinc Mini March at CMP 208.90 for TGT 210 – 210.80 with SL below price 207.50AFTER POST CONTENT Read More
Tips for ZincMini – Buy Zinc Mini March Today at CMP 208.60 for Holding Target 211 – 212.20 with SL below price 206.90AFTER POST CONTENT Read More
This week was certainly ripe with major events, each of which has had a direct and immediate impact on gold. However, it was the escalation of trade tariffs proposed by President Trump this week that sent gold prices dramatically higher and equity pricing to its lowest level since November 2017. An announcement by President Trump that he is proposing new tariffs to be levied against China sent shi...Read More
TIPS FOR NICKEL TIPSTips for Nickel – BUY Nickel at CMP 845 for Target 855 – 859 with Small SL below price 839. Trade multi lotsAFTER POST CONTENT Read More
(Kitco News) - While gold has seen its best week in two years, one U.K.-based research firm expects that the rally will not be sustainable, looking for prices to fall nearly 6% from current levels by year end due to rising real interest rates. Capital Economics said in a recent report that although gold is traditionally a good hedge against inflation -- as the yellow metal rises in conjunction wi...Read More
Zinc Mcx – Zinc Commodity Buy call 21d, Given at price 207.70 Achieved 1st Tgt 208.80 CMP 209.40. Near to 2nd Target 209.60. Total 1.7 x 2 lot = 3.4 Points ProfitTIPS ID 21d : Mcx Zinc Call Today - BUY Zinc at CMP 207.70 Add more at price 207 for Target 208.80 - 209.60 with SL below price 206.30 trade with 2 lotsAFTER POST CONTENT Read More