Indonesian and Philippine nickel ore exports set to go up in Feb
SHANGHAI, Feb 12 (SMM) – Nickel ore exports from the Philippines and Indonesia are expected to rise in February due to better weather condition in both countries and restocking need at Chinese nickel pig iron (NPI) producers after the country’s week-long new year holiday, SMM believes. We also see Indonesian 1.65% Ni ore to trade […]
Zinc prices see potential pressure post
SHANGHAI, Feb 12 (SMM) – Zinc prices may be under pressure after Chinese New Year as import loss narrows, SMM believes. Operations at most domestic zinc smelters would remain normal during the week-long holiday, leaving inventory to increase continuously. In addition, over 200,000 mt of zinc imports in November and December last year would be […]
London copper rises from two-month low
MELBOURNE, Feb 12 (Reuters) – London copper rose from its lowest in nearly two months on Monday as the dollar dropped, although traders remained cautious about demand after the Lunar New Year holiday that starts this week. Chinese demand for metals and supply constraints should be supportive in 2018, while recent price strength looks to […]
SHFE nickel prices start the week strongly
(MB) Base metals prices on the Shanghai Futures Exchange are off to a mixed start this week, with nickel prices leading on the upside with a gain of 1%, while zinc, copper and lead prices are little changed and tin and aluminium prices are down by 0.5% and 0.9% respectively. Firm demand from China’s stainless […]
Devisen: Euro steigt in Richtung 1,23 US-Dollar
FRANKFURT (dpa-AFX) – Der Euro hat sich am Montag etwas von seinen deutlichen Verlusten in der vergangenen Woche erholt. Am Morgen kostete die Gemeinschaftswährung 1,2285 US-Dollar, nachdem sie am Freitagabend noch in Richtung 1,22 Dollar gefallen war. Die Europäische Zentralbank (EZB) hatte den Referenzkurs am Freitagnachmittag auf 1,2273 Dollar festgesetzt. Zu Wochenbeginn stehen sowohl in […]
London copper pops off two-month lows, eyes Lunar New Year
MELBOURNE, Feb 12 (Reuters) – London copper climbed away from its lowest in nearly two months on Monday as the dollar dropped, although traders remained cautious about demand after the Lunar New Year holiday that starts this week. Chinese demand for metals and supply constraints should be supportive in 2018, while recent price strength looks […]
Gold: Erneuter Shutdown in den USA sorgt für Aufwind
Washington (GodmodeTrader.de) – Gold hat sich von seinem am Donnerstag erreichten Vierwochentief bei 1.307,17 US-Dollar je Feinunze bis 1.320,64 US-Dollar im Hoch erholt, nachdem es in den USA überraschend zu einem erneuten „Shutdown“ gekommen und der US-Dollar in der Folge unter Druck geraten ist. In den USA mussten über Nacht nach 17 Tagen überraschend zum […]
LME says likely to make fee cuts permanent after volumes rise
LONDON, Feb 9 (Reuters) – The London Metal Exchange (LME) was likely to make fee cuts permanent on short- and medium-dated carry trades after volumes on those trades rose in January, despite slightly weaker overall turnover, it said on Friday. The LME cut fees on short-dated carries in October and on medium-dated carries in November […]
Copper hits 8-week low on way to biggest weekly drop in two months
LONDON, Feb 9 (Reuters) – Copper fell on Friday and other metals broadly retreated as stock markets extended this week’s sharp slide, with the prospect of rising U.S. interest rates denting hopes that surging economic growth would drive up demand. Consequent selling of cyclical assets sent copper to an eight-week low at $6,784.50 and put […]
Gold: Erneuter „Shutdown“ in den USA sorgt für Aufwind
Washington (GodmodeTrader.de) – Gold hat sich von seinem am Donnerstag erreichten Vierwochentief bei 1.307,17 US-Dollar je Feinunze bis 1.320,64 US-Dollar im Hoch erholt, nachdem es in den USA überraschend zu einem erneuten „Shutdown“ gekommen und der US-Dollar in der Folge unter Druck geraten ist. In den USA mussten über Nacht nach 17 Tagen überraschend zum […]
