Zinc slid as clashes at Bolivian mines to end soon

Source: Dukascopy Bank SA
Industry metals apart from nickel slid on Wednesday after the Fed left no hopes for QE in the nearest term. Traders were also cautious ahead of HSBC China's PMI release due on Thursday.

Aluminum followed bearish trend on absence of easing in the US. Meanwhile, China's production cuts approached such level that it may support weak prices due to lower supply.

Copper declined after Fed decision. However, eased worries across Greece after three parties managed to form a coalition limited losses of the red metal.

Nickel was the only gainer as spot market activity has improved. However, elevating inventory levels in China may limit the upswing.

Zinc also was exposed to the Fed incentive not to inject extra liquidity in the US economy. Meanwhile, clashes between competing miners in Bolivia are likely to be resolved thus may weaken the price.


Back to articles

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX 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.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
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.