Aluminum declined despite stronger Japan's demand

Note: This section contains information in English only.
Source: Dukascopy Bank
Industry metals followed bullish trend on Monday after China's Premier Wen Jiabo announced that the country needs additional stimulus to boost growth.

Aluminum was the only loser despite improved Japan's demand. The metal continued to be affected by global economic uncertainty.

Copper managed to climb by more than 1% despite recent slump in China copper purchases caused by elevated inventory levels at Shanghai warehouses.

Nickel was the top-performer due to better spot activity and increased warrants at LME.

Zinc erased some of the previous losses on expectation for higher China's demand. However, high global stockpiles capped the upswing.


Back to articles

Actual Topics

Tue, 22 May 2012 14:37:42 GMT

Natural gas tumbled after strong rally

Energy commodities advanced on Monday ahead of key negotiations between Iran and six major economies regarding Iran's nuclear program.Crude oil surged after China's Premier called for more stimulus for the country's economy in view of recent GDP growth forecast cuts.Brent oil moved up ahead of Iran's negotiations as there are no clear indications of the probable outcome. However, rising OPEC

Tue, 22 May 2012 14:15:42 GMT

Silver fell on global economic uncertainty

Precious metals were mostly higher on Monday as eased concerns over the Euro Zone's debt crisis bolstered prices. At G8 summit leaders of world's largest economies stated that the EU has to do whatever it takes to keep Greece in the Euro Zone.Gold was slightly higher as hints of more accommodative policy from the Fed and stronger Euro provided fresh

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.