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Commodity Outlook - Oct - 06 TH
Commodity Outlook - Oct - 06 TH
PRECIOUS METALS
MARKET ROUNDUP
LONDON FIXING
FUNDAMENTAL OUTLOOK
BASE METALS
MARKET ROUNDUP
BASE METALS MARKET WATCH Industrial metal zinc prices ran out
of steam on Thursday after hitting a
10-year high, although the metal
Base Metals Contract Open High Low Close Change % Chng
found support from declining
MCX Copper Rs. Nov -07 428 439.8 427.55 439.6 12.9 3.02 inventories and strong demand.
LME Copper $ 3M 6570 6700 6554 6700 179 2.74
MCX Zinc Rs. Oct-07 214.65 217.4 214.5 216.85 1.8 0.84
MCX Nickel Rs. Oct-07 692.7 697.2 685 690.3 1.4 0.2
IN FOCUS
LME Nickel $ 3M 10620 10600 10535 10535 -80 -0.75
MCX Lead Rs. Oct-07 165.55 169.2 165.35 168.9 3 1.81 The U.S. Commerce Department
LME Lead $ 3M 2558 2592 2557 2592 32 1.25 said on Thursday it would defer
MCX Aluminum Oct-07 139.8 140.7 139.05 140.65 0.7 0.5
issuing its preliminary
determination in an anti-dumping
LME Aluminum 3M 2149 2171 2147 2171.5 5.5 0.25
duty probe into imports of
aluminum foil from China.
SHANGHAI MARKET WATCH INDICES
Plans to reopen one of the world's
Metals Close Change %Chng Index Close Change biggest copper mines, shut by a
Aluminum 16280 -70 -0.43 Baltic Dry Index 1382 62 civil war on the Pacific Island of
Copper 50360 20 0.04 CRB Index 2912.81 4.39 Bougainville in 1989, have run
Zinc 26055 -30 -0.12 DJ Commodity - -
into trouble. The quarter of a
million people of Bougainville are
LME WAREHOUSE STOCK INDICES tentatively scheduled to vote on
independence from Papua New
Metals Prev. Net Total Metals L/W* C/W* Change
Guinea in June 2019, and revenue
Copper 298525 -2450 296075 Copper 227550 68525 -1250 from the reopening of the
Zinc 251750 -675 251075 Zinc 113475 137600 -950 Panguna mine is essential for the
Nickel 387828 -606 387222 Nickel 251634 135588 -1494
otherwise impoverished island to
have any chance of flourishing if
Lead 156400 -875 155525 Lead 100500 55025 -875
it becomes the world's newest
Aluminium 1251700 -2350 1249350 Aluminium 1004925 244425 -2350
nation.
FUNDAMENTAL OUTLOOK
Industrial metals are trading mix on International bourses today. We expect
prices to trade range bound for the day, amid holiday-thinned trading in
Asia, but prices were curbed by a strong U.S. dollar.
ENERGY
MARKET ROUNDUP
RESEARCH TEAM
NAME DESIGNATION E-MAIL
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