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Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mainly positive on the morning of Tuesday May 25, with only SHFE lead showing significant weakness.
MORNING VIEW: Base metals prices up across the board as recent consolidation was short-lived Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were up across the board this morning, Tuesday May 18, and once again recent dips have been short-lived and not that deep, suggesting sentiment remains robust. Inflation concerns remain elevated, US treasury yields and gold firmer United States Federal Reserve officials stick to their view that inflationary pressures will be transitory Monday’s data out of China showed some slowing in the economy, but overa...
MORNING VIEW: LME base metals prices consolidating in high ground With Chinese markets closed, volume traded on the London Metal Exchange has been light this morning, Tuesday May 4, with 2,368 lots traded as of 6.14am. But the base metals were holding up in high ground with gains averaging 0.7%, led by a 1.1% rise in copper to $9,916.50 per tonne. The US Dollar Index, recently at 91.16, was consolidating off last week’s low of 90.42 Base metals The rallies in the LME base metals were looking robust this morning with copper, aluminium, zinc and tin, near recent highs, while ...
MORNING VIEW: LME base metals prices up across the board, broader markets weaken Base metals prices on London Metal Exchange were stronger across the board this morning, Tuesday April 20, but those on the Shanghai Futures Exchange were mixed, as were broader markets, following weakness on Wall Street on Monday. The US Dollar Index continues to trend lower Base metals LME three-month base metals prices were up by an average of 0.7% this morning, once again led by a 1.2% rise in copper that was recently trading at $9,436.50 per tonne. All the metals, with the exception of nickel...
Rupee slips below 75/$ level to record sixth straight session of loss PTI Mumbai | Updated on × Rising crude oil prices, foreign fund outflows and spiking Covid-19 cases weighed on the domestic currency The rupee fell for the sixth straight session and settled 32 paise down at 75.05 (provisional) against the US dollar on Monday amid a lacklustre trend in domestic equities ahead of the release of key macro-economic data. Moreover, rising crude oil prices, foreign fund outflows and spiking Covid-19 cases weighed on the domestic currency. At the interbank forex market, the local unit opened at ...