Nickel climbs despite weak fundamentals

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Industrial metals were mixed on Wednesday as risk appetite weakened ahead of the ECB press conference due on Thursday. Concerns over the US debt limit dispute also weighed on the market sentiment. Adding to losses of base metals, German industrial production increased by 0.2% in November versus a forecast of a 1.1% jump.

Aluminum extended previous gains on hopes for robust demand. Alcoa predicts global consumption of the light metal to grow by 7% this year due to a rebound in demand from China. However, record high inventories at the LME continued to restrict the upswing.

Copper was steady ahead of the key Chinese data release due on Thursday. Adding pressure on the red metal, LME inventories remained at elevated levels. LME stocks climbed by 7,975 tonnes on Tuesday, hitting almost one-year high.

Nickel was the top-gainer despite weak fundamentals. Nickel market remains in surplus while Indonesia continues to increase production.

Zinc moved lower amid a 17-year high LME stocks and solid greenback.


Back to articles

Actual Topics

Thu, 10 Jan 2013 10:42:05 GMT

Natural gas drops further amid warm weather forecasts

Energy futures apart from heating oil ended Wednesday's session in the red territory as investors shunned riskier assets ahead of the ECB press conference and US debt ceiling talks. Weak industrial production numbers from Germany and solid greenback also weighed. Crude oil edged lower after the EIA reported that US crude oil inventories rose by 1.31 million barrels last week

Thu, 10 Jan 2013 09:58:04 GMT

Platinum jumps on supply side support

Precious metals were mixed on Wednesday amid appreciating US Dollar and increased caution ahead of the ECB press conference due on Thursday. Moreover, looming debates over the US debt ceiling continued to dampen market sentiment. However, expectations for stronger physical demand for precious metals were supportive for the commodity group.Gold eased as US Dollar strength created heavy pressure on the

Subscribe to "Fundamental Analysis" feed

تسجيل
كي تعرف المزيد عن منصة تداول دوكاسكوبي بنك للعملات وعقود الفروقات ومعلومات أخرى متعلقة بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
للمزيد من المعلومات حول التعاون العملي المحتمل,
يرجى الاتصال بنا او ترك طلب لاعادة الاتصال
للمزيد من المعلومات حول منصة تداول الفوركس\الخيارات الثنائية, السوق السويسري للفوركس و اي معلومات اخرى تتعلق بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
كي تعرف المزيد عن منصة تداول دوكاسكوبي بنك للعملات وعقود الفروقات ومعلومات أخرى متعلقة بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
للمزيد من المعلومات حول منصة تداول العملات المشفرة\عقود الفروقات\الفوركس, السوق السويسري للفوركس و اي معلومات اخرى تتعلق بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
للمزيد من المعلومات عن الوسطاء المعرفين واي معلومات أخرى متعلقة بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
للمزيد من المعلومات حول التعاون العملي المحتمل,
يرجى الاتصال بنا او ترك طلب لاعادة الاتصال