Tin Investing News reports tin prices soared.
Due to domestic demand for domestic steel price, the price of tin plate has soared. The latest monthly EXW price of Xindzhong Steel Sheet in the East China region showed continued stocking increasing up CNY 200 per tonne around over last month.
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Crude Investing News reports crude price fell about 40 cents this week.
Weak crude demand and rising inventories have kept prices from rising higher. Storage facilities for crude oil in the U.S. have been swelling since the end of February, bloating to a nearly 19-year high last week. The signs were clear though. U.S. fuel consumption [...]
Nickel Investing News reports nickel has taken a dive to 80% since May 2007.
Nickel demand for 2009 is forecasted to see a second annual decline. Global demand will reach 1.15 million tonnes this year; consumption was 1.27 million tonnes last year. Stainless-steel accounts for about two-thirds of nickel demand. Demand from the top market, the Chinese [...]
Copper Investing News reports copper not as popular as gold and silver as safe-haven investment.
Copper investments were not appealing. Copper, fundamental to the transfer of electricity for buildings, machinery, transportation and construction is often used to signal changes in economic activity; copper is a mirror of economic growth. With the global economy in shambles, copper [...]
Crude Investing News reports crude oil prices regained its momentum to about $45 per barrel.
However, some experts are of the view that this is not just speculation but real purchases driving the prices up.
China is said to be considering buying crude oil as part of its strategy to diversify holdings from US Treasuries. This is [...]
Tin Investing News reports since commodity prices continue to drop, China is stockpiling metals.
Chenzhou authorities were planning to buy 2,000 tons of silver, 50,000 tons of lead, 5,000 tons of tin, 50,000 tons of zinc, 5,000 tons of tungsten and 3,000 tons of bismuth this year. Chenzhou is known to be rich in nonferrous metals, [...]
Lead Investing News reports base metals saw a positive outlook and lead prices were up.
Lead was up $55, to $1,050 a tonne on the LME. Zinc climbed the most in two weeks after China’s stockpiling agency bought metal from domestic smelters, reducing supply. The State Reserve Bureau bought 100,000 metric tons, taking total purchases for the [...]
Aluminum Investing News reports aluminum demand and supply react to the US stimulus plans.
Aluminium LME warehouse inventories leapt by 13,125 tonnes to stand at 3.17 million tonnes, their highest ever. Stocks have risen more than 35 per cent since December. According to Aluminum Association Inc, Aluminum demand in the U.S. and Canada declined 16 per cent in [...]
Moly Investing News reports price of molybdenum has fluctuated quite a bit over the Lunar New Year but remained at the same level.
The market demand for molybdenum decreased during the Lunar New Year holiday, as purchase volumes from China were light. The price dropped; then steel mills started to strengthen their efforts to stock the products [...]
Copper Investing News reports copper looks bleak with the current economic markets.
Copper is often looked to as a barometer of economic health due to its copious use in building and construction. When an economy is growing, copper use rises exponentially. In the early 2000’s rapid economic growth paved the way for an explosion in demand [...]
Thursday, July 23, 2009
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