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RUBBER ENTERS BULL MARKET AS THAILAND CUTS EXPORTS

  NEGOTIATOR’S TAKE: Rubber prices are up significantly – it’s a good time to lock in prices for tires, v-belts, etc.   World’s biggest exporters cut shipments Rubber entered a bull market on Monday in Tokyo and Shanghai after Thailand

NICKEL TRADING LIKE IT’S 2008

NEGOTIATOR’S TAKE:  Looks like Nickel prices may stay low for a long time to come, making Stainless Steel components more economically viable than in the past.   On the London Metal Exchange (LME), benchmark nickel for three-month delivery is currently

Nickel: a metal in transition

Nickel for delivery in three months advanced 7.4 percent last week to settle at $16,450 a metric ton last Friday on the London Metal Exchange, the biggest jump since last month. The commodity has gained more than 18 percent this

Nickel: glut or shortage?

In intraday on Friday, nickel prices hit a seven-month low of $14,980 a tonne. Stocks in LME warehouses hit another all-time high of 378,132 tonnes. Nickel at one stage was looking like being the star of 2014 in base metals,

Nickel into bear market?

Nickel is set to fall into a bear market on the back of still strong global supplies, despite Indonesia’s January export ban on the metal, and China’s economic weakness. Nickel in London fell 2.5 percent today and is down 12 percent

Rubber tumbles to 5-year low

Tokyo rubber futures prices, which set the global trend, fell last week to their lowest level since 2009, as concerns about oversupply and weak demand from top consumer China sparked heavy selling by speculators. Commodity experts say the increase in

Dramatic rise in Zinc and Nickel prices in 2015

“Global supply and demand conditions for refined zinc are in deficit in 2014,” Scotiabank economist Patricia Mohr reports in August’s Scotiabank Commodity Index . “For nickel, the world supply and demand balance will shift into a marked deficit in 2015, as

Nickel: best performing base metal for the year

The nickel market is still reacting to the ban on nickel ore exports imposed by top producer Indonesia earlier this year. That changed the landscape of the global nickel market, constricting supply to the biggest consumers in countries such as

Indonesia metal-ore ban: copper exports to resume in August

Indonesia introduced in January its controversial ban on exports of unprocessed minerals and ore. Under a revision of the tax, Freeport will pay a 7.5 percent duty on its copper concentrate exports, but that rate falls as it spends on

Copper drops after last week 19-week high

Copper fell in London as stockpiles expanded the most since March and some investors viewed last week’s rally as excessive. The LME’s three-month copper contract on Monday was down 0.4 per cent at $7,125 a metric ton. Last week, copper