At the moment, copper is the leader in the growth of quotations, as the price has increased by about 3%. Note that the price of nickel at the auctions reached its highest value since December 5. Thus, rolled metal markets look vulnerable today.
But China has reduced requirements in the banking sector in order to stimulate the economy. This should be noted. And the prices of aluminum after the announcement of the US Treasury Department on the lifting of sanctions against Rusal increased by 5%. By the way, zinc and lead showed an increase of 1.6%.
Tin finished trading "in red", which is considered the largest reduction in inventories since 2016. Tin shipments from Indonesia are constantly delayed, so the Malaysian metal created the tin turnover. Thus, the price of Brent oil increased by 1.5%.
It is known that nickel has become more expensive by $ 235, while its reserves have decreased to 348 tonnes today. Let us add that zinc reserves decreased by 550 tonnes. Lead reserves at the LME decreased by 75 tonnes. Also, the purchasing managers' indices in France and Germany turned out to be much below.
Non-ferrous metals and their optimistic charge
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Azovpromstal® 9 January 1992 г. 08:12 |
