Searching...
Monday, May 14, 2018

MCX NEWS UPDATES 14 may




http://www.capitalstars.com/derivative/

Gold buoyed by waning yields, but prices are backing under $1,320 as bulls pause -  


Gold kicked off the new week lifting into 1,322.00 as the US Dollar backs away from recent highs and US Treasury yields relax, but gold fiends couldn't get the wheels turning and the precious metal is sinking back to last week's close and back under 1,320. Gold caught a bit of a relief rally recently after getting hammered by a scorching run up the charts by the Greenback which propped up on broad market expectations of a fourth rate hike from the US Fed this year, coupled with US Treasury yields marching higher as well, with the 10 year Treasury yield crossing the key 3% mark recently. Bonds have waivered recently and a slight slip in wages and income growth within the US economy has tempered market expectations of too many more rate hikes from the Fed this year, and Gold has been able to recover some of its lost footing as a result.

 Secondary aluminium alloy export prices to go up on tightened supply - 


China’s secondary aluminium exports prices are likely to rise further in the short term as the month-long operation suspension of China Certification and Inspection Group (CCIC) at North America in May would significantly slash aluminium scrap imports from the US and shrink secondary aluminium exports as a result, SMM believes. The authority began to impose broad-based inspections on all scrap materials imported from the US from May 4 and put CCIC’s operations at North America under A-level risk alert for one month. This in effect means China would not be able to import scrap from the US due to a lack of CCIC certificate for one month.

Nickel price to be pressured by lower nickel sulphate prices - SMM takes a bearish outlook on nickel prices in May and June as optimism from nickel sulphate for the battery industry weakened. Whether pressure will emerge from the nickel pig iron (NPI) side in the stainless steel industry remains to be seen. The price gap between China's battery-grade nickel sulphate in nickel content and nickel cathode will continue to narrow in May. The gap was once narrowed to 15,000 yuan/mt in early May as nickel sulphate prices declined due to fewer purchases from ternary precursor plants. The lower profits of ternary precursor plants than that of nickel sulphate producers also accounted for the drop in nickel sulphate prices.

Oil Prices Recede On Opposition Against Iran Sanctions, Surge In U.S. Drilling - 


Oil prices on Monday morning in Asia receded from last week’s multi-year highs as resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran, while a relentless climb in U.S. drilling activity pointed to further increases in output.Germany has said it will protect its companies from U.S. sanctions, and Iran has said French oil giant Total has yet to pull out of its fields. Meanwhile, China seems ready to fill the void created by the U.S. Still, oil prices remained near more than three-year-highs reached last week as traders expect Iran’s oil exports to fall significantly once U.S. sanctions bite later this year. Around a million barrels of oil a day is likely to disappear, threatening to tip the oil market into undersupply. The sanctions come amid an oil market that has already been tightening due to rising demand in Asia and efforts led by top exporter Saudi Arabia and top producer Russia to withhold oil supplies and prop up prices.

Click here for Our Best Services

http://capitalstars.com/precious-metals-free-commodity-tips/

Free Commodity Tips 


Precious Metal Pack is one of our packages for MCX Traders. In this package, we provide Accurate Mcx Tips & Free Commodity Tips i.e. gold tips & silver tips


             

http://www.capitalstars.com/share-market-company/

Equity Tips

Stock Cash Intraday Trading tips is completely based on technical analysis and charting. U can also get stock market live update news, equity intraday tips.


http://www.capitalstars.com/stock-cash-intraday

Free Intraday Tips


Capitalstars is a best Investment share market Advisory Company in India We provide accurate Intraday Tips, Free Tips, free intraday tips

0 comments:

Post a Comment

 
Back to top!