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 Friday’s morning trade: Copper prices

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 [...]

By | 2017-05-19T06:15:33+00:00 May 19th, 2017|Financial|0 Comments

Metals trade today: LME & International Economic Events

LME Today: Metals prices on the LME slightly declined during morning trade today. Prices were down for an average of 0.6%. Recollecting the positive Monday, that had closing prices up for about 0.3%. Nickel had a fall of 1.7%, but the average gain would have been 0.6% led by a 1.2% rise in aluminium price. [...]

By | 2017-05-16T11:39:12+00:00 May 16th, 2017|Financial, Governments, International|1 Comment

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

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

Shanghai Futures Exchange Today: 2nd week that copper inventories fall; Zinc stocks down 26%

Important to know of Today's flashing news: United Kingdom Gross Domestic Product (GDP)QoQ fell to actual 0.3% (while forecast was 0.4%) UK GDP year on year fell bellow the forecast to actual 2.1% (2.2% forecast) European Consumer Price Index (CPI) YoY grew to actual 1.9% (while forecast was 1.8%) Russian Federation Interest Rate Decision fell [...]

By | 2017-04-28T11:04:51+00:00 April 28th, 2017|Financial, International|0 Comments

COPPER Export Volumes and Prices After Break

Brazil copper ore export volumes   Brazil’s ore export volumes fell 4.7% year-on-year in March. Exports totalled 95,829 tonnes. Down from 100,528 tonnes in March 2016. The main destination for the Brazilian copper ore was India. With an intake of 31,583 tonnes last month. About 70% of the shipments came from the northern state of [...]

By | 2017-04-18T06:31:38+00:00 April 18th, 2017|Financial, Governments, International|0 Comments