While some investors worry about a possible recession, commodity prices have remained firm on an expected U.S.-China trade deal, and signs of stability in Chinese economic data. According to the official Purchasing Managers' Index (PMI), factory activity in China unexpectedly grew for the first time in four months in March. Renewed economic optimism and rising [...]
The Two Global Economic Giants US & China Give 90 Days Relief to Global Markets Commodity Prices Remain Under Pressure Amid Concerns Over Lower Global Economic Growth Steel Prices Under Pressure On Rising Supply & Expectations of Lower Demand For Base Metals, LME Cancelled Warrants Ratio Shows No Sign of Pick in Demand Copper & [...]
LME Nickel Prices 12 January 2018 Nickel prices continue to face resistance, from long term downward trend line. Technically, we would need a daily and weekly close above $13,000.00 to confirm that the trend line is broken on the upside. On the fundamental front, Nickel demand has remained slow and steady on the [...]
...but Slowing Chinese Growth a Cause of Concern The global commodity markets have seen strong gains in recent times, thanks to a robust outlook for the world economy and an intentional effort by the producers to keep supplies in check. There has been a slowdown in Chinese economic growth owing a cooling property market and [...]
Inventories among traders and steel mills are pilling up, as a result of which buying activity has reduced for all major steel raw materials and base metals. An important reason for reduced buying is that prices are too high and consumers tend to purchase in smaller volumes, waiting for a price correction. Prices for raw [...]
