Zinc declines despite rising cancelled warrants at LME

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Industrial metals except for aluminum ended the week in the negative area after U.S. jobs data fell short of forecasts, spurring worries over the recovery of the world's largest economy. At the same time, rising cancelled warrants at the LME restricted a downward trend of the commodity group.

Aluminum was the only gainer amid increasing cancelled warrants and falling inventories at the LME. On Thursday, LME and SHFE stocks dropped 5,275 and 397 tonnes, respectively.

Copper sagged 0.46% on concerns over health of the U.S. economy and elevated LME inventories. LME stocks rose 6,850 tonnes on Thursday to reach more than a nine-year high. Meanwhile, workers at Chilean mines are striking to increase job security, creating a supply risk-premium for the red metal.

Nickel was the top-loser as global supply glut continued to weigh on the metal. According to the INSG, nickel market was in surplus of 17,000 tonnes in January. However, signs of strong spot market activity at the LME capped losses.

Zinc traded lower despite a combination of a decline in LME inventories and an increase in orders to remove the metal from the LME warehouses.
Back to articles

Actual Topics

Mon, 08 Apr 2013 08:17:00 GMT

Heating oil bearish despite lower inventories, cold weather

Energy futures apart from natural gas declined on Friday after disappointing U.S. labour market numbers. Weak jobs data fuelled fears that the U.S. economic recovery is losing momentum that may weigh on the energy demand prospects. Moreover, a recent bearish EIA inventory report added pressure on oil prices. Crude and Brent oil finished in red on concerns over jobs market in

Mon, 08 Apr 2013 07:32:16 GMT

Palladium rose on disappointing U.S. jobs data

Precious metals rallied on Friday after weak U.S. jobs data indicated that the Fed is likely to keep its monetary policy loose to boost economy. U.S. payrolls rose 88,000 last month, defying expectations of an increase of 198,000. Moreover, broadly softer greenback was supportive for the commodity sector. Gold was bullish on optimism that the Fed will leave its growth-boosting

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