Base Metals Market

TMN - Copper

Copper Loses Ground for Fear that China Wants to Limit Commodity Prices

Copper fell on Monday on the fear that China, the largest consumer of metals, wants to put caps on commodity prices to avoid possible inflation. The market is also pressured by faltering demand and higher inventories of the metal. Three-month copper on the London Metal Exchange declined by 0.6% at $8.875 a tonne. The metal …

Copper Loses Ground for Fear that China Wants to Limit Commodity Prices Read More »

chinese steel, commodities

Chinese Steel and Coil Futures Rise Amid Positive Economic Signs

Positive economic signs and Beijing’s efforts to help consumption supported Chinese steel rebar and coil futures rise today. Stainless steel futures on the Shanghai bourse dropped by 1.8% to 14,285 yuan a tonne. According to a state media report, China’s excavator sales in the first two months of 2021 climbed by 149% from the same …

Chinese Steel and Coil Futures Rise Amid Positive Economic Signs Read More »

cotton

The cotton market registers its largest increase since 

According to PREMIUM TIMES data, the volume of production and consumption of cotton in Nigeria rose. The hike was by at least 7.5% in 2020 after the figures dipped in 2019. In comparison, cotton production touched 1.8 million tonnes in 2006. Meanwhile, commodity production reached 1.7 million tonnes. By 2014, both figures dropped to 920,000 …

The cotton market registers its largest increase since  Read More »

TMN - Copper

Copper rose to $8,028 a ton for the first time in 7 years

Copper surpassed $8,000 a ton for the first time in over seven years. The market is seeing the sharpest rally in over a decade. Significantly, China’s appetite for commodities and supply snags early on in the coronavirus pandemic boosting Copper around 80% from its March lows. Additionally, expectations for a deficit and the weaker greenback …

Copper rose to $8,028 a ton for the first time in 7 years Read More »

New York now suffers from an excess of physical gold

Gold and Silver Dropped, While Nickel Rose

Gold and Silver prices were trading with little declines session bucking the international market trend among renewed hopes of a stimulus package.  After shutting down the deal’s negotiations, U.S. President Donald Trump wrote on Twitter that Congress should pass money for airlines, small businesses, and stimulus checks of $1,200 for individuals. On Multi Commodity Exchange, …

Gold and Silver Dropped, While Nickel Rose Read More »

Subscribe to Our Newsletters

Have The Best Of Trade Market News Delivered Directly To Your
Mailbox. Subscribe To Receive The Latest Market News.