Nickel Gained Tracking LME Prices Gained By 2.4 Percent To Close

Nickel trading range for the day is 743.6-778.4.

Nickel gained tracking LME prices gained by 2.4 percent to close at $11,055 as investors bought riskier assets on speculation U.S. interest rates may be near a peak

The Philippines' environment ministry has said it would allow nine suspended mines, six of which are nickel, to resume operations.

The global nickel market deficit widened slightly to 9,200 tonnes in September from the previous month's revised deficit of 8,100 tonnes.

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Nickel Prices Dropped On Worries Over Slowing Global Economic Growth Amid

Nickel trading range for the day is 770-797.4.

Nickel prices dropped on worries over slowing global economic growth amid an escalating trade war between Washington and Beijing.

Russia's Norilsk Nickel sees 2019 nickel market deficit at 60 T.

Increasing nickel pig iron production and rising Shanghai nickel inventory kept prices under pressure in recent time.

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Nickel Dropped Pressured By Expectations That Steel Output In The World's Top

Nickel trading range for the day is 773.8-820.8.

Nickel dropped pressured by expectations that steel output in the world's top producer will remain strong as cities impose more flexible production curbs this winter.

Nickel output in the Philippines, is expected to increase after the country's environment ministry said nine suspended mines will be allowed to resume.

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Nickel Dropped As Pressure After LME Nickel Fell More Than 2 Percent

Nickel trading range for the day is 843.4-900.4.

Nickel dropped as pressure after LME nickel fell more than 2 percent to its weakest since late December as a strong US dollar index and broadly risk-averse investors.

Nickel inventories in the Shanghai bonded areas rebounded 1,000 mt, or 2.9% from last Friday to stand at 35,000 mt as of October 26, data showed.

Stocks across all Chinese ports grew 210,000 wmt from Oct 19 to 14.13 million wmt as of Friday Oct 26.

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Zinc Dropped On Concerns Of A Slowdown In China

Zinc trading range for the day is 194.3-200.5.

Zinc dropped on concerns of a slowdown in China, which pledged to support illiquid private companies after third-quarter GDP growth slowed to 6.5 percent.

On-warrant zinc stocks in LME-registered warehouses, have fallen below 100,000 tonnes from almost 240,000 tonnes in August and are close to 10-year lows.

The premium for cash zinc over the three-month LME contract, at $47, remains close to Monday’s $63 one-year high, signalling tight nearby supply.

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Aluminium Dropped After Norsk Hydro Said It Would Resume Half Production

Aluminium trading range for the day is 148.3-152.5.

Aluminium dropped after Norsk Hydro said it would resume half production at its giant Brazilian alumina plant, just days after declaring it would shut down completely.

Chinese aluminium exports are expected to surge in coming months and next year after Beijing boosted tax rebates as part of a package to soften the impact of trade war.

Norway's Norsk Hydro is focused on a return to full output at its Alunorte alumina refinery in Brazil and is not contemplating layoffs there.

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Nickel Trading Range For The Day Is 928.6-968.2

Nickel trading range for the day is 928.6-968.2.

Nickel dropped on profit booking after prices seen supported after Environmental restrictions are likely to support nickel prices into the winter.

Also Winter cuts will impact NPI prices to a greater extent this year than the last and this is likely to keep nickel prices tighter over winter.

In Indonesia, NPI production will increase in the fourth quarter, driven by increasing operating rate from Delong and more capacity slated to be commissioned.

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Natural Gas Extended Gains Propelled By Worries Of A Large Storage Deficit

Natural gas trading range for the day is 225.3-246.9.

Natural gas extended gains propelled by worries of a large storage deficit and forecasts for warmer-than-normal weather.

Utilities likely added 97 billion cubic feet of gas into storage in the week ending Sept. 28.

Demand in the Lower 48 states for the forthcoming week was forecast at 76.8 billion cubic feet per day, higher than the 76.7 bcfd forecasted.

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Silver Dropped After The Third U.S. Rate Hike For The Year

Silver trading range for the day is 37040-38340.

Silver dropped after the third U.S. rate hike for the year and the Federal Reserve’s indication of plans for more.

The Fed’s Chairman Jerome Powell also discussed trade related issues, adding that the Fed had heard a "rising chorus of concerns from businesses all over the country."

The US economy grew as expected in the second quarter, that confirmed that gross domestic product rose at its quickest rate in nearly four years.

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Gold Dropped As The Dollar Gains After Data Underlined The Strength Of The U.S. Economy

Gold trading range for the day is 30065-30795.

Gold dropped as the dollar gains after data underlined the strength of the U.S. economy and Italian political turmoil weakened the euro.

The U.S. economy does not face a large chance of a recession in the next two years and the Fed plans to keep gradually raising interest rates, Fed Chairman Jerome Powell said.

U.S. economic growth accelerated in the second quarter at its fastest pace in nearly four years as previously estimated.


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Nickel Dropped As Recovering In Dollar Ahead Of Fed Meet Weighed

Nickel trading range for the day is 907.9-952.9.

Nickel dropped as recovering in dollar ahead of Fed meet weighed.

Nickel to hit 110,000 yuan/mt in Q4 on the shutdown of BHP’s Kalgoorlie smelter

BHP’s Kalgoorlie nickel smelter has been closed this week following a fire at the Western Australian site over the weekend.

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