As a weaker dollar pushed investor appetite for commodities, base metals prices on the SHFE went up during Asia morning trading today. Firstly, the most-traded July copper contract on the Shanghai Futures Exchange rose 580 yuan ($84.30) or 1.3% to 45,880 yuan per tonne as of 03:30 BST. Secondly, over 250,000 lots of the contract [...]
Important weekly events (Short Recollection) Friday was a day when Oil futures came to a four week's high. The prices scored a weekly rise of more than 5%. And most noteworthy the optimism on upcoming production cuts rose the positive expectations and market movement. The cuts will be extended to next 9 months. Starting from [...]
Khalid al-Falih today said that Oil output cuts are definitely going to take its place till march 2018; Global Production cuts are going to recover Oil market in further 5 years. As it is planned. The aim of OPEC and non-OPEC allies is to curb the outputs and lift the Oil prices, in order to [...]
Wednesday, May the 17th was the day when U.S. stocks felt the worst decline of 2017. The world's top investors survived huge risks and have lost the amounts of money, due to reports that came out about President Trump, and the market movements which followed. Observing the indexes, The Dow definitely had the worst [...]
Refined zinc imports Starting with this month, China has the plans to increase refined zinc imports. As vanishing global supplies have a big impact on the local zinc outputs; they aim to cover the deficit by boosting the refined zinc imports. Observing the China's refined zinc production, in April it came to the lowest levels [...]
Vienna, final decision: May the 25th, and the meeting in Vienna, is crucial date for Oil market. The day when everything is going to be way more clear. Also the day when OPEC will again show that despite all the concerns and all the market fuss it still holds the power over Oil Market; Presently, [...]
Economic Events: Canada Core Consumer Price Index (CPI) MoM at actual 0.3% Canada Core Retail Sales MoM came to actual -0.1% while forecast was -0.3% SHFE Today Observing the copper prices this morning, they were pretty stronger on SHFE. Asia morning trading on Friday May 19 was following positive Chinese economic data and a [...]
Firstly, Donald Trump is visiting Saudi Arabia this Saturday. The Saudi Aramco is going to conclude deals with 12 United State's companies during this visit. Secondly, Saudi Aramco plans to push and develop the local workers and manufacturing in all the possible ways. According to sources, this is part of Saudi Aramco's plan to develop [...]
TOP 5 events in Today's Market: More Trump drama as White House turmoil deepens Dollar struggles to recover from worst day in almost a year Global stocks extend slump amid Trump jitters Oil slides as investors weigh U.S. drilling, extended OPEC cuts British pound rises above $1.30 for first time in 8 months For further [...]
Industrial metals complex There is so much difference in individual metals. Observing the supply data, it is actually the demand side of the fundamental ledger that has dulled the metals' shine. The most interesting part is that China is impacting the whole market with its ''metal operations.'' As the last year metals were caught out [...]
