Aluminum dips despite China's SRB tender

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Industrial metals dropped on Wednesday despite better-than-expected data on the US retail sales. However, signs that China's manufacturing activity is slowing coupled with rising China's production of base metals pushed the commodity complex lower.

Aluminum was the top-loser despite China's plans to buy the metal for government's stocks. China's State Reserves Bureau issued a tender to buy 300,000 tonnes of aluminum. However, the metal remained under pressure as China's aluminum production soared 15% in the first two months of 2013.

Copper dropped on elevated LME inventories and rising China's supplies. LME inventories doubled since early December and are at a three-year high. China's output of the red metal surged 12% in February and January.

Nickel traded in red territory on concerns over a surge in China's production. China's output more than doubled in the first two months of 2013.

Zinc dipped despite ideas that market may swing to deficit this year. Morgan Stanley expects global market to witness a deficit of 100,000 tonnes in 2013 due to solid demand and falling China's production.
Back to articles

Actual Topics

Thu, 14 Mar 2013 09:24:11 GMT

Crude oil drops as US inventories rise more than forecast

Energy futures apart from natural gas ended Wednesday's session in the negative area after bearish EIA inventory report. Adding pressure, South Sudan and Sudan agreed to allow companies to resume oil shipments through the Red Sea within two weeks. Crude and Brent oil dropped after the EIA report showed that US stockpiles rose more than expected last week. US inventories

Fri, 15 Mar 2013 08:45:10 GMT

U.S. 10-year notes were little changed at 2.02% on Wednesday

U.S. Treasuries erased losses after an auction of 10-year note yields close to the highest level in an eleven-month period bolstering demand of $21 billion of the securities. The notes recorded a yield of 2.029 % compared to preliminary estimated 2.057%, while the benchmark 10-year notes yield was little changed at 2.02% following an increase to a 2.05% earlier on

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.