Tin Investing News reports on the market forces picking on tin prices.
The South African steel group, which has its origin in India, has agreed to cut tin-plat prices between 26 per cent to 30 per cent from September 30, 2009. The company maintains that the slashing of price is in line with an agreement with [...]
Nickel Investing News reports nickel prices rose on Thursday.
Nickel futures rose on Thursday as traders indulged in short covering with the view that demand is about to rise. Nickel futures on the MCX and the LME were tracking positive sentiment, on the indication that the global economy is stabilizing. This was a welcome turn of [...]
Copper Investing News reports copper prices improved with the lost of fewer jobs recently in the US.
Copper steadied on Thursday, gaining support from rising equities and a weaker dollar, after the metal plunged just before close on Wednesday. Wednesdays plunge was driven by a recovering dollar and weakening equity markets. The U.S. dollar bounced from [...]
Tin Investing News reports tin prices could have a short term rally in the near future.
Manufacturers worldwide were seen building up inventories to take advantage of the current weak US dollar, traders said. The weak greenback makes commodities attractive as a hedge against inflation. It makes purchases affordable for China and India, the two key [...]
Tin Investing News reports tin prices gained about 18% on the LME last month.
Demand is not the key factor behind the rising tin prices, traders said. It is the production cutback that have played the role of a catalyst in pushing prices higher. The overall rally and bullish sentiment across base metals has also supported [...]
Lead Investing News reports lead prices surpassed by zinc since the Fed’s announcement on purchasing treasuries.
Fed officials voted on March 18 to buy Treasury and mortgage bonds in an effort to revive America’s economy, lifting stocks as well as commodities. Copper, zinc and aluminum all rose more than 6 per cent in London.
The lead market is [...]
Zinc Investing News reports zinc price is spurred with the Fed’s recent announcement on purchasing treasuries.
The fed’s announcement was negative for the greenback, sending the US dollar Index on track for its worst week since September 1985. The dollar fell an additional 0.4 per cent, and has dropped every day since March 9, sliding a cumulative [...]
Zinc Investing News reports the zinc market potential since Chinese zinc refineries are interested in expansion and integration.
The International Zinc Association executive director Stephen Wilkinson is confident in the zinc market’s potential. Mr. Wilkinson believes that emerging markets will experience a great deal of growth in the future; skyrocketing demand for the metal. Asian markets [...]
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 [...]
Zinc Investing News reports zinc prices improved over the past two weeks.
European zinc producers are preparing to make further production cuts to combat a growing supply glut and weak prices. Output has already been slashed by 10 per cent, or 1 million tonnes worldwide, with more than a quarter coming from European producers. The production [...]
Wednesday, September 30, 2009
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