Copper rebounds from one-year low on weak dollar
MELBOURNE, July 9 (Reuters) – London copper snapped back sharply on Monday from near one-year lows hit in the session, as a weak dollar forced short holders to cover positions even amid simmering trade war tension. FUNDAMENTALS: * COPPER: London Metal Exchange copper rallied by 1.6 percent to $6,383.50 by 0108 GMT after prices slumped […]
Shanghai steel rebar inches up on falling stockpiles
BEIJING, July 9 (Reuters) – China’s construction steel rebar futures rose on Monday on falling inventories and potential stimulus plans, with focus shifting back to market fundamentals and away from the festering Sino-U.S. trade war. U.S. tariffs on $34 billion worth of Chinese goods took effect on Friday, prompting similar steps in retaliation from Beijing. […]
(MB) Katoen Natie Singapore (Jurong) Pte Ltd has withdrawn from London Metal Exchange warehouse services with immediate effect, with the operator and name of the shed switching to Henry Bath Singapore, the LME said on Friday July 6.The Belgian-based logistics provider had listed Singapore as an LME-approved warehouse in November 2016 and had only 75 […]
Goldman Sachs: Handelskonflikt kein Problem für Rohstoffe
Heute in der Nacht von Donnerstag auf Freitag haben die USA chinesische Waren im Volumen von 34 Milliarden Dollar mit einem Zoll von 25 Prozent belegen und China wird im Gegenzug darauf mit gleichwertigen Maßnahmen reagieren. Theoretisch drückt ein eskalierender Handelsstreit die Nachfrage und sollte damit Rohstoffe allgemein billiger machen, aber die Rohstoffanalysten von Goldman […]
Industriemetalle setzen Talfahrt fort
London (GodmodeTrader.de) – Die Industriemetalle haben ihre Talfahrt auch am Donnerstag fortgesetzt und sind auf frische Mehrmonatstiefs gefallen. Nach wie vor belastet die Metalle der von den USA ausgehende globale Handelskonflikt. Zum Wochenschluss sind US-Strafzölle für chinesische Importware im Umfang von 34 Milliarden US-Dollar in Kraft getreten. Weitere US-Zölle im Warenwert von 16 Milliarden US-Dollar […]
Russia raises duties on US goods in response to trade restrictions
MOSCOW, July 6 (Reuters) – Russian Prime Minister Dmitry Medvedev has signed a decision imposing extra duties of 25-40 percent on some imports from the United States in response to Washington’s tariff move, the Russian economy ministry said on Friday. The extra duties will apply to imports of fiber optics, equipment for road construction, oil […]
Copper pares losses, some see fresh 11-month low as bottom
LONDON, July 6 (Reuters) – Copper rebounded on Friday from a fresh 11-month low, as some investors regard the recent sharp losses as exaggerated and believe the metal has hit bottom. Copper, widely viewed as a bellwether for the global economy, has been battered amid escalating trade tensions that resulted in the United States imposing […]
Copper heads for worst week since 2015 as U.S. tariffs kick in
BEIJING, July 6 (Reuters) – London copper fell for a fifth straight session on Friday and hit a fresh 11-month low as U.S. tariffs on Chinese goods kicked in, escalating the trade spat between the world’s top two economies. Copper, seen as a bellwether for economic health, is down 5.5 percent in London this week, […]
LME setzt Kobalt-Produzenten unter Druck – FT
(shareribs.com) London 05.07.2018 – Die Produktion von Kobalt in nennenswerten Mengen ist heutzutage vor allem auf die Demokratische Republik Kongo beschränkt. Dort kommt es aber immer wieder zu Verstößen gegen Kinderarbeitsgesetze, was die London Metal Exchange zum Handeln bewegt. Rund 60 Prozent des global produzierten Kobalts stammen aus der Demokratischen Republik Kongo. Dort sind einige der […]
Goldman Sachs says maintains bullish view on commodities
(Reuters) – Goldman Sachs Commodities Research said it remains bullish on commodities and views the current weakness in the complex as a buying opportunity. The upbeat view was based on strong demand growth, supply disruptions and depleting inventory levels in energy and metals markets, the Wall Street bank said in a note dated Wednesday. Goldman […]
