GIVE MISS CALL ON :- +91 99774 99927

Commodity Market News Update-20 July 2016


China Aluminum International Trading Co. (Chalco Trading) further cut aluminum prices in major markets today, marking its 6th consecutive day of cuts, it said on its WeChat.
Five aluminum rod producers located near Inner Mongolia HMHJ Aluminum & Electricity Co. will shut down from July 21 due to incomplete environmental protection procedures

Zinc is the best performing base metal in 2016 with a 39% rise in price this year on the back of major mine closures like Lisheen in Ireland and Century in Australia and suspension of some production at Glencore and Nyrstar.

Philippines is suspending operations of more Nickel mines which has failed to meet environmental and welfare standards. Berong Nickel Corp. has been added to the suspended list last day, according to mines bureau.
Four nickel mines in Zambales and another mine in Palawan have been ordered to stop operations earlier by the mines bureau as the environment and welfare standards are not met.

The catalyst behind today’s recovery was a new Libyan supply disruption. Iranian supply and Saudi Arabia moving out of its peak demand season.

Gold Firms as IMF Cuts its Global Growth Forecasts
The International Monetary Fund cut its global growth forecasts for the next two years on Tuesday, citing uncertainty over Britain’s looming exit from the European Union.
The IMF forecast, however, suggests that this stimulus (EU) may not be enough to maintain current growth patterns. Stocks may not be able to maintain their strong upside bias which could drive investors back into the gold market.
According to the CME Group’s FedWatch tool, investors now see almost a 50/50 chance the Fed will raise rates by December.

The Yen has been further pressured by expectations of fresh stimulus from the Bank of Japan. Traders are anticipating the announcement of additional BOJ easing at its July 28-29 meeting.

Our Some Best Services Read it Here…

Commodity Market TipsMCX Copper TipsMCX TipsCrude oil tipsNifty Options TipsShare Market LiveFinancial Advisory Company in IndoreStock Advisory Company in Indore

CapitalStars Provides 2 Days Free Trial To Our Client…

CapitalStars Financial Research Financial Advisory Services | T:+91-731-6790000,6669900 2015-08-04 10-27-20

Leave a Reply


Ouch! There was a server error.
Retry »

Sending message...


CapitalStars FORUM