BOM News and Press, DB Base Metals Double Short ETN From 09/05/19

Original Post By Sohrab Darabshaw India's growth rate has slowed, which in turn means sluggishness in the manufacturing sector. All of the above means lower consumption of steel. Riding on these developments comes the news that domestic steel producers are sitting on a "larger th...

Original Post By Stuart Burns Various sources are reporting both a slowing in demand growth and a fall in output for primary aluminum. So far this year, that combination has been led by a faster fall in output, pushing the market into a larger deficit position as the first half progr...

The price of nearby September copper futures on the COMEX division of the Chicago Mercantile Exchange has been trading on either side of the $2.60 per pound level. The copper market is anxiously waiting for the next news on the trade and currency war between the US and China. China is the dema...

Editor's note: Originally published at tsi-blog.com on August 20, 2019. [This post is a modified excerpt from a recent TSI commentary] Gold tends to lead the industrial metals sector at intermediate-term bottoms, i.e., the US$ gold price tends to make an intermediate-term bottom and ...

Copper prices climbed after Pres. Trump walked back plans to impose new tariffs on some Chinese products, which helped ease worries about growth and demand in China. More news on: iPath Bloomberg Copper Subindex Total Return ETN, Global X Copper Miners ETF, Invesco DB Base Metals ETF, C...

Original Post By Sohrab Darabshaw Since April this year, the Indian automobile sector has been seeing signs of a slowdown in sales. This has led to job cuts and expressions of concern from some major domestic steel producers. The slump in the sales of four- and two-wheelers has for...

London Metal Exchange copper hit a 26-month low of $5,640/metric ton overnight after falling through its YTD low of $5,725/mt on Friday, triggered by Pres. Trump's imposition of more tariffs on Chinese goods effective Sept. 1. More news on: Freeport-McMoRan Inc., iPath Bloomberg Copper S...

Original Post By Stuart Burns Copper has been buffeted by macroeconomic and political news, suffering from trade tensions and fear of slowing growth in top consumer China. Conversely, iron ore has been trading at recent five-year highs this month, topping U.S. $130/ton amid reports o...

Comex copper futures for September delivery -1.1% to $2.6875/lb. after comments from Pres. Trump dimmed hopes for a U.S.-China trade deal anytime soon, and he also accused Beijing of not holding up its end of previous agreements. More news on: Freeport-McMoRan Inc., Teck Resources Lim...

In the world of economics, inflation is a general increase in prices and fall in the purchasing value of money. Economists regularly measure inflation to access the state of the economy. Cost-push inflation occurs when supplies force prices higher. In inflation caused by rising grain prices ...