Zinc advanced despite high inventory levels

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Industry metals were mixed after OECD cut its global growth forecast, citing instability in the single currency union. Moreover, weak manufacturing data from the US added pressure on the commodity group.

Aluminum fell despite potential supply cuts caused by low prices. Norsk Hydro already started negotiations with its Australian smelter aimed at halting aluminum production.

Copper managed to climb by 0.1% on hopes that China's consumption will recover in the second half of 2012 due to expected easing measures.

Nickel was the top-loser after reports that its output is likely to soar by 10% in the next five years while consumption growth is expected to slow to 8%.

Zinc was the top-gainer despite oversupply in the market and rising stock levels at Shanghai warehouses.


Back to articles

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.