Aluminum fell on weak demand

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Industry metals apart from aluminum rose despite weak industry data from the US. US factory production shank last month and consumer confidence data missed expectations.

Aluminum was the only loser as global economic instability and weak demand continued to force aluminum producers to reduce output capacity.

Copper rose despite more negative outlook on the metal's prices as money managers increased bearish cooper bets for the second week, extending net short holdings to the largest level since March 2009.

Nickel was the top-gainer despite weak spot demand as recent Indonesia's ban on nickel ore export to China spurred stockpiling. 

Zinc managed to climb by 0.63% on hopes that monetary easing and development of infrastructure projects will result in better spot demand.


Back to articles

Actual Topics

Mon, 18 Jun 2012 14:37:56 GMT

Crude oil inched up after OPEC meeting

Energy commodities except for natural gas moved higher on Friday as investors anticipated elections in Greece. Moreover, results from the recent OPEC meeting continued to affect traders' mood.Crude oil was marginally higher amid hopes for the third round of quantitative easing in the US. OPEC's decision to keep output level unchanged for the second half of 2012 also supported the

Mon, 18 Jun 2012 14:15:56 GMT

Gold rose on potential easing measures in the US

Precious metals were mixed on Friday ahead of Greek elections. The commodity group was also exposed to broadly weaker US Dollar and stronger global equities.Gold was the top-gainer as negative US industry data raised hopes for the next round of quantitative easing in the country. Silver followed gold's suit, rising by 0.17% on speculation that the Fed and ECB will

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.