Zinc flat on mixed fundamentals

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Scanpix/Reuters
Industrial metals were mixed on Thursday, with zinc and copper remaining unchanged and nickel and aluminum climbing. Encouraging manufacturing data from the US pushed base metals higher. Philadelphia-region's manufacturing activity indicated an expansion for the first time in six months in October.

Aluminum rose on larger-than-expected increase in manufacturing activity in Philadelphia. However, disappointing comments from POBC adviser that China will not receive huge liquidity boost weighted down on the light metal.

Copper was steady, balancing between positive data from US manufacturing sector and dismal US jobless claims figures.

Nickel climbed despite weak spot market activity and bloated inventories at the LME-monitored warehouses.

Zinc was unchanged on mixed fundamentals. Positive Philadelphia-region manufacturing data pushed the metal up while risk-aversion ahead of the EU summit results capped gains.


Actual Topics

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台,SWFX和其它相关交易详情,
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台,SWFX和其它相关交易详情,
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.