SHFE morning report; weaker U.S. and Chinese data

Important Facts about Today's Market:   New Zealand Employment Change QoQ rose to actual 1.2% (forecast 0.8%) Germany Unemployment Change - 30K actual (forecast -10K) UK Construction Purchasing Managers Index (PMI) fell to actual 52.2(forecast 52.4) The US ADP Nonfarm Employment Change to actual 263K (forecast 187K) Also US ISM Non-Manufacturing PMI fell to 55.2 [...]

By | 2017-05-03T06:49:51+00:00 May 3rd, 2017|Financial, Governments, International|0 Comments

Small price increases for LME base metals; only zinc declines (27.04.)

Another morning of wispy price increases today, on the London Metal Exchange. Following average gains of 0.8% on Wednesday. Zinc was the only base metal to see a decline this morning, falling just $2 per ton. All other metals recorded small increases. Copper prices were followed by the news that major copper producers BHP Billiton, [...]

By | 2017-04-27T17:20:22+00:00 April 27th, 2017|Financial, International|0 Comments

Metal Price Trends on Wednesday, the 12th of April

  SHFE nickel prices FALL as fear over laterite ore tightness ease:     Nickel prices on the Shanghai Futures Exchange plummeted during Asian morning trading on Wednesday April 12. As fears over the tightness of laterite ore eased due to expectations of increased supply ahead of the resumption of shipments from Indonesia. As well [...]

By | 2017-04-12T22:41:20+00:00 April 12th, 2017|Financial, Governments, International|0 Comments