Industrial Metals

Note: This section contains information in English only.
Source: Dukascopy Bank
© Dukascopy Bank
Industrial metals soared on Tuesday following stronger than expected economic data from China. Aluminium and zinc were the top performers gaining 3.01% and 2.04%, respectively. At the same time, rallying copper appears to drive the upward trend of the commodity group. However, growing LME warehouses coupled with weak physical demand are likely to cap the upside of zinc. International Lead and Zinc study group also fueled worries over potential decline in zinc price reporting   337,000 tons surplus of zinc over 2011. Zinc can find support only in the surging copper prices and softer US Dollar.

Zinc's connection to aluminium and nickel stayed unchanged as investors are cautious about these metals due to weak physical demand for them. Tie between zinc and copper edged down to 0.72 on Tuesday. Meanwhile, zinc's link with Standard Poor's SP500 (SPX) decreased on Tuesday as traders awaited key industrial data from the US due on Wednesday. Zinc and the pair EUR/USD interchanged at a stable level of about 0.74 during the last two weeks.


© Dukascopy Bank
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Wed, 18 Jan 2012 18:08:46 GMT

Agriculture

Agricultural commodities, except for coffee, edged up on Tuesday. Unfavorable weather forecasts in South America lifted price for corn and wheat while sugar futures managed to climb 0.16%. However,  reports on large sugar crops in the EU and Russia coupled with further prospects for increase in Indian exports essentially limited the gains. Sugar may continue to be supported by weaker

Wed, 18 Jan 2012 16:53:22 GMT

Sugar price stayed resilient to possible oversupply

Agricultural commodities, except for coffee, edged up on Tuesday. Unfavorable weather forecasts in South America lifted price for corn and wheat while sugar futures managed to climb 0.16%. However,  reports on large sugar crops in the EU and Russia coupled with further prospects for increase in Indian exports essentially limited the gains. Sugar may continue to be supported by weaker

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