The Federal Reserve’s decision to keep interest rates unchanged resulted in a narrower decline in nickel prices, with overnight London nickel decreasing by 0.88%. The latest closing price was $17,905, a $160 decrease from the previous trading day, representing a 0.88% decline. Trading volume amounted to 2,908 lots, an increase of 149 lots from the […]
The strength of the U.S. dollar is exerting pressure, causing a setback in the prices of risk assets. Overnight, London aluminum continued to weaken, with a 0.4% decline. The incident in Xinjiang reportedly led to a reduction in production, which has supported aluminum prices, but the impact on production remains unclear. The upside potential for
As the Federal Reserve refrains from raising interest rates as scheduled and with U.S. stocks rebounding, overnight London lead prices increased by 1.35%. Anticipations of increasing stockpiles due to weakening domestic demand at the margin have grown, but the temporary relief from supply pressure due to refinery maintenance is bolstering Shanghai lead prices, and it
Supply pressure temporarily eases; lead prices may see a minor increase on the 2nd. Read More »
