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—— Lorenzo Crisetig

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—— Vand***

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—— Edward***

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Company News

Base metals mixed as China’s annual parliament meeting continues

[2020-05-25 14:23:59]

SHANGHAI, May 25 (SMM) – Shanghai nonferrous metals traded mixed on Monday morning as investors continued to watch for developments from China’s National People’s Congress (NPC)—the country’s annual session of parliament. The LME will be closed on Monday for a bank holiday. LME base metals, except ... Read More

Nickel price

[2020-04-29 10:21:26]

SHANGHAI, Apr 29 (SMM) – This is a roundup of global macroeconomic news last night and what is expected in the day ahead. The US dollar fell for the second day on Tuesday as investors put pressure on safe-haven currencies as they eyed the Federal Reserve’s meeting and rebalanced portfolios ahead of ... Read More

Base metals higher on China’s stimulus measures, hopes pandemic spread is slowing

[2020-04-07 13:09:54]

SHANGHAI, Apr 7 (SMM) – Shanghai base metals cruised higher across the board in early morning trade on Tuesday, after returning from the holiday-extended weekend, as investor sentiment was improved by China’s RRR and IOER cuts and an overnight surge on Wall Street. Their counterparts in London also ... Read More

Shanghai base metals opened mixed Monday, nickel added more than 2%

[2020-04-20 11:08:05]

SHANGHAI, Apr 20 (SMM) – SHFE nonferrous metals opened on a mixed note on Monday morning, following a broad rally last Friday, with nickel extending increases by as much as more than 2% on Monday. China cut its benchmark lending rate as expected on Monday to reduce borrowing costs for companies and ... Read More

Macro Roundup (Apr 14)

[2020-04-14 09:52:40]

Data Analysis 08:31AM Source:SMM SHANGHAI, Apr 14 (SMM) – This is a roundup of global macroeconomic news last night and what is expected in the day ahead. The US dollar was roughly flat on Monday amid thin trades with Europe out on holiday. The dollar index, which tracks the greenback against a ... Read More

Nickel mining in Surigao del Norte, Philippines, remains suspended as the region recorded its first COVID-19 case

[2020-04-14 09:50:21]

SHANGHAI, Apr 7 (SMM) – Nickel mining in Surigao del Norte province, the Philippines has yet to resume, SMM learned, even as a large local miner said Monday its two units in the region will resume ore shipments. In Surigao del Norte, which holds the Philippines' biggest nickel mines, measures to ... Read More

SMM Morning Comments (Mar 30): Base metals broadly lower on pandemic concerns

[2020-03-30 10:50:19]

SHANGHAI, Mar 30 (SMM) – London and Shanghai base metals cruised broadly lower in early morning trade on Monday, as investors continue to assess the economic impact of the global coronavirus pandemic that continues to spread rapidly. Data compiled by Johns Hopkins University showed that the outbreak ... Read More

SMM Morning Comments (Mar 26): Base metals mixed ahead of Senate vote on coronavirus bill, G20 summit

[2020-03-26 13:17:00]

Price Review Forecast 09:44AM Source:SMM SHANGHAI, Mar 26 (SMM) – Shanghai base metals opened broadly higher on Thursday morning, as investors await the final Senate vote on the massive stimulus package aimed at combating the economic impact of the coronavirus and the emergency virtual summit of G20 ... Read More

Buyer's market: Nickel price is good for Thermocouple wire

[2019-12-10 11:00:04]

SHANGHAI, Dec 10 (SMM) – Copper: Copper prices continued their strong run overnight, as market euphoria over the upbeat US employment report has yet to fade and as the British pound strengthened on optimism that Thursday’s election will end near-term Brexit uncertainty. Three-month LME copper ... Read More

USD Rate vs nickel price

[2019-12-04 09:03:37]

SHANGHAI, Dec 4 (SMM) – This is a roundup of global macroeconomic news last night and what is expected in the day ahead. Last night The US dollar extended its decline on Tuesday against a basket of its rivals as disappointing manufacturing data and new developments in global trade tensions rattled ... Read More

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