Zinc rose as LME inventories eased down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Base metals were mixed on Wednesday, with zinc and nickel climbing and copper and aluminum slumping. Lifting base metals' pack, China's PMI contracted less than expected in September. However, disappointing flesh PMI readings in the eurozone and unexpected drop in German Ifo Business Climate Index created heavy pressure on industrial metals.

Aluminum was the top-loser on high output in China and bloated inventory levels at the LME-monitored warehouses.

Copper inched down on weak numbers from the eurozone. However, hopes for additional stimulus from the BoJ and POBC limited losses in the red metal.

Nickel traded slightly higher, supported by strong data from the US property market.

Zinc advanced the most in the commodity group as LME inventories slightly declined. Meanwhile, investors remained cautious ahead of US GDP data release due on Friday.


Back to articles

Actual Topics

Thu, 25 Oct 2012 14:49:52 GMT

Heating oil edged down despite falling US stockpiles

Energy futures sank on Wednesday as stronger US Dollar continued to push the commodity group lower. Negative headlines from the eurozone added to loses in energy futures. Moreover, larger-than-expected buildup in the US crude oil inventories weighted down on Brent and crude oil.Crude oil tumbled after the EIA reported that US crude oil stockpiles jumped by 5.9 million barrels last

Thu, 25 Oct 2012 14:05:47 GMT

Palladium was steady after FOMC statement

Precious metals apart from silver moved lower on Wednesday, pressurized by broadly stronger US Dollar. Speaking before German parliament, Mario Draghi warned that the eurozone may face deflation risks. Precious metals, being a traditional inflation hedge, dropped on the ECB president's comments. Meanwhile, the Fed pledged to stick to its loose monetary policy.Gold extended previous losses on strength in greenback

Subscribe to "Fundamental Analysis" feed

Subscrever
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre as opções binárias do Dukascopy Bank / Plataforma de negociação Forex, SWFX e outras informações relacionadas com Trading,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para saber mais sobre a plataforma de Trading / Trading de Crypto/ CFD / SWFX e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para saber mais sobre o programa de Introdutor de Negócios e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.