Wednesday, January 26, 2011

Non-ferrous metal tin supply bottlenecks high price of copper tin prices to consolidate

 Copper: the London Metal Exchange (LME) three-month copper rose $ 88, 9,529 dollars a tonne. LME copper stocks rose 200 tonnes to 381,500 tonnes. Recent return to growth stocks that investors with some caution. From this year's record highs hit 5%, copper prices rebound again late last week, boosted by strong demand outlook in China, although the country still worries about tightening monetary policy

tin: USD 28,190 per tonne of Tin hit a record high. Supply bottlenecks consolidated the bullish prospects for copper and tin. Reuters survey, 24 respondents pre-tin average rose nearly 38% this year by declining inventories, demand and unusually wet weather in Indonesia to boost

lead: Three-month lead fell 20 U.S. dollars, 2,405 dollars a tonne. Lead inventories rose 2,600 tonnes to 266,775 tonnes, hovering in May 1995 since the high nearby. Investors of a controlling lead in 80-90% of the LME warehouse receipts and stock accounts of the contract to be concerned

Gold: New York Mercantile Exchange (COMEX) gold futures closed higher Monday, the dollar fell and European debt concerns about the crisis boost the gold price had dropped to two-month intraday low. Gold and silver prices rose again to 50, the highest since late 11


Euro: Euro against the dollar on Monday hit a two-month high of nearly $ 1.37, but the currency trading in New York lost some momentum The market fears the euro zone and the debt crisis of the recent rally in the euro prompted some euro bulls too fast to lock in profits. But the political turmoil in Ireland highlights the euro-zone countries face problems of high debt, and Russia's largest airport, a suicide bomb attack also limited the rise in the euro. Eurozone government bonds and U.S. Treasuries widened spreads have been so. Euro rally also made a short position in general, that the depreciation of the euro will bet on is cleared. Commodity Futures Trading Commission (CFTC) released the latest data show that the IMM speculators hold positions in the euro last week, 4,109 population into net long, net short the previous week to 45,182 population head

Oil: U.S. crude oil futures on Monday continuous the fifth trading day down, due to the current inventory sufficient to suppress, and investors will not ignore the increase in oil demand this year, estimated

U.S. stocks: U.S. stocks resume rally on Monday closed up, helped by technology and natural resources-related stocks, the stock market to regain momentum lost last week.

(This article Source: China Merchants Securities)

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