Oil price drops; Base Metals down

Main economic events in Market Today: U.S. Core Durable Goods Orders (MoM)(Apr) fell to actual -0.2% while forecast was 0.4% U.S. Gross Domestic Product (GDP) QoQ fell to actual 0.7% while forecast was 1.2% U.S. GDP Price Index QoQ rose to actual 2.2% while forecast was 2.0% U.S. Michigan Consumer Expectations came to actual 88.1 [...]

By | 2017-05-26T07:18:45+00:00 May 26th, 2017|International, Oil Market|0 Comments

SHFE: Copper Prices retreat, Other base metals divergent

Base metals prices and trends on the Shanghai Futures Exchange were on different paths this morning. Copper prices leveled higher after the dollar pulled-back on an uncertain outlook for post-June US rate rises. ''The most-traded July copper contract on the SHFE rose 140 yuan ($20) or 0.3% to 45,920 yuan per tonne as of 03:26 [...]

By | 2017-05-25T07:12:45+00:00 May 25th, 2017|International|0 Comments

Base Metals & New electric vehicles

Further production of Electric vehicles will rise demand for base metals Electric vehicle market will to boost for 13.7% of global car sales in 2025. This means that copper, aluminium and nickel could highly benefit on these movements. If we estimate a situation in which 100% of the world’s vehicles were electric, this would impact [...]

By | 2017-05-22T17:48:57+00:00 May 22nd, 2017|International|0 Comments

SHFE & Market today (May 22nd)

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 [...]

By | 2017-05-22T06:48:45+00:00 May 22nd, 2017|International|0 Comments

SHFE morning trade: Copper up due to Lower production in Chile

Main Economic Events Today: China Industrial Production y-o-y fell to actual 6.5%, while expected was 7.1% United Kingdom Prime Minister Theresa May Speaks This Week: Empire State, Philly Fed Manufacturing for May April China Industrial Production Euro Zone Q1 GDP - Revised Reading K. April CPI, Employment & Retail Sales Japan Preliminary First Quarter GDP [...]

By | 2017-05-15T07:20:01+00:00 May 15th, 2017|Financial, International|0 Comments

Asian morning trade on May 9th

Tuesday May 9 is a day when copper prices on the SHFE went higher, speaking about Asian morning trade . There is definitely some back up in the release of China’s better-than-expected trade balance. Anyway, gains were suppressed by concerns of weakened demand from the world’s largest copper consumer. Price of the most active SHFE [...]

By | 2017-05-09T07:03:38+00:00 May 9th, 2017|Financial, Governments, International|0 Comments

SHFE & Market today: May the 8th

Important facts about today's Market:   China Trade Balance (USD) rose to actual 38.05B while forecast was 35.50B China Imports y-o-y fell to actual 11.9% while expected was 18.0%     Shangai Futures Exchange: Copper price slided during Asian morning trading hours on Monday May 8. The performance of red metal was weaker, as well [...]

By | 2017-05-08T06:47:32+00:00 May 8th, 2017|Financial, Governments, International, Oil Market|0 Comments

LME: copper price up; all other base metals slightly lower this morning

Friday April the 21st LME:   Copper was the only base metal which went slightly up in this mornings trade. All other base metals prices fell.   With the three-month aluminium price falling $2 per t and zinc dropping $10.50 per t. “The market is looking volatile at the moment; we have had a few [...]

By | 2017-04-21T09:56:52+00:00 April 21st, 2017|Financial, International|0 Comments