Nickel jumps on hopes for China's demand

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Industrial metals were mixed after the data showed China's industrial production expanded 9.9% last month, below forecasts of a 10.5% jump. Meanwhile, concerns over possible deterioration of the Eurozone's economic state continued to push base metals deeper in red.

Aluminum prolonged its slump amid elevated inventories at the LME and persistent surplus on physical market. At the same time, the downswing was limited by speculation that China may increase its purchases for state stockpiles.

Copper advanced on talks that seasonal restocking in China will boost demand for the red metal. However, copper remained under heavy pressure amid high inventories. Copper stocks at the LME, COMEX and SHFE have jumped by 53% over the last three months.

Nickel gained on possible increase in China's demand ahead of Indonesian ban on nickel ore exports due to take effect in 2014. At the same time, global supply glut continued to weigh on the metal.

Zinc reached a 15-week low on dismal industrial production data from China. Moreover, global oversupply concerns added pressure on the metal.
Back to articles

Actual Topics

Tue, 12 Mar 2013 09:34:04 GMT

Natural gas jumps on colder weather, US stockpiles

Energy futures were mixed on signs that China's industrial output is slowing. Adding to losses, Saudi Arabia increased its oil production in February. At the same time, weaker US Dollar and possible deficit at Cushing, the largest oil storage hub in the US, lent support for the commodity complex. Crude oil posted a mild gain despite weak fundamentals. Investors are cautious

Wed, 13 Mar 2013 14:07:46 GMT

AUD/USD retests the 20-day SMA

During Friday's trading session the pair sharply dropped to the weekly PP level at 1.0209, but today the pair has already regained its position and even surged above the 20-day SMA, which is currently located at 1.0257.

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.