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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Silver Trading Range For The Day Is 35470-36592

Silver trading range for the day is 35470-36592.

Silver gained as the US dollar dipped from two-week highs after Federal Reserve Chairman Jerome Powell described US interest rates as "just below" the neutral rate.

Fed’s Chairperson Powell said the “gradual pace of raising interest rates has been an exercise in balancing risks,” but added “there is no preset policy path.

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Silver Prices Dropped As The U.S. Dollar Firm As A Senior Federal Reserve

Silver trading range for the day is 35427-36367.

Silver prices dropped as the U.S. dollar firm as a senior Federal Reserve official reaffirmed the need for further rate increases.

US President Trump said he expected to move ahead with raising tariffs on $200 billion in Chinese imports to 25 percent from the current 10 percent.

Fed Chairman Jerome Powell is due to speak on Wednesday on "The Federal Reserve's Framework for Monitoring Financial Stability" at the New York Economic Club.

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Natural Gas Gained On Forecasts For Colder Weather Than Previously Expected

Natural gas trading range for the day is 287.3-334.1.

Natural gas gained on forecasts for colder weather than previously expected, prompting worries that prices could spike even higher this winter.

EIA said utilities pulled a massive 134 billion cubic feet of gas from inventories during the extremely frigid week.

The decrease cut stockpiles to 3.113 tcf, 18.6 percent below the five-year average of 3.823 tcf for this time of year and the lowest for the week since 2002.

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Aluminium Trading Range For The Day Is 136.8-140

Aluminium trading range for the day is 136.8-140.

Aluminium prices gained as support seen after China’s Primary aluminium capacity cuts to exceed 2 million mt in 2018

However, persisting worries about the China-US trade conflict are expected to kept investors cautious.

Federal Reserve caution on the global outlook and weak data at home, pointing to slower rate hikes.

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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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Natural Gas Rose To Their Highest Since February 2014 On Forecasts

Natural gas trading range for the day is 271.2-389.8.

Natural gas rose to their highest since February 2014 on forecasts for colder weather than previously expected over the next two weeks.

Cold would boost heating demand and cause utilities to start withdrawing fuel from storage facilities that are already about 16 percent below normal for this time.

Output in the lower 48 states, meanwhile, averaged a record-high 87.0 bcfd over the past 30 days.

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Silver Prices Dropped As Dollar Strength Continued To Put Downward Pressure

Silver trading range for the day is 36085-36925.

Silver prices dropped as dollar strength continued to put downward pressure on the precious metal.

Demand for the dollar was underpinned after the Federal Reserve indicated last week that rates are likely to rise in December and again in early 2019.

Strong U.S. producer price index data on Friday also served as an endorsement for the Fed to tighten again at the end of year, placing pressure on prices.

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Copper Prices Fell As The U.S. Dollar Strengthened And On Lingering Concerns

Copper trading range for the day is 424.6-441.6.

Copper prices fell as the U.S. dollar strengthened and on lingering concerns about the trade war between the U.S. and China.

Concerns over global trade tensions also remained in focus amid doubts over the potential for a trade deal between the U.S. and China.

Copper inventories in warehouses monitored by the Shanghai Futures Exchange fell 3.6 percent from last Friday, the exchange said.
  
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Zinc Gained As The Market Refocused From The US Midterm Election Results

Zinc trading range for the day is 178.7-189.5.

Zinc gained as the market refocused from the US midterm election results to the declines in LME inventories.

Inventories in Shanghai, Guangdong and Tianjin came in at 135,900 mt as of Nov 5, down 14,800 mt from a week ago

China is ready to hold discussions and work with the United States to resolve trade disputes because the world's two largest economies stand to lose from confrontation.

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Copper Slipped As The Dollar Extended Its Recovery After U.S. Midterm Elections

Copper trading range for the day is 430.8-444.6.

Copper slipped as the dollar extended its recovery after U.S. midterm elections and data showed copper imports by top buyer China fell in October.

China’s Arrivals of scrap copper in September plunged 38.9 percent to 200,000 tonnes, curbed by the hefty tariffs on imports from the United States

The global world refined copper market showed a 47,000 tonnes deficit in July, compared with a 38,000 tonnes deficit in June, the ICSG said.

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Silver Prices Slipped As Investors Digested The U.S. Midterm Election Results

Silver trading range for the day is 36928-38516.

Silver prices slipped as investors digested the U.S. midterm election results.

Democrats won control of the House of Representatives while Republicans retained their hold on the Senate, as the U.S. midterm election's outcome split Congress.

The dollar rose, pulling further away from the 2-1/2 week lows after the U.S. midterm elections delivered a broadly expected result.

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Natural Gas Rose On Forecasts For Cooler Weather And More Heating Demand

Natural gas trading range for the day is 232.9-247.3.

Natural gas rose on forecasts for cooler weather and more heating demand than previously expected for the next two weeks.

The market was more focused on the coming cold weather and vast storage deficit for this time of year than production, which is at a record high and growing.

The projected demand in the lower 48 states would rise to 85.7 billion cubic feet per day (bcfd) next week, up from Tuesday's forecast of 85.4 bcfd.

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Copper Dropped As The Metal Considered To Be An Economic Bellwether Tracked

Copper trading range for the day is 437.8-455.2.

Copper dropped as the metal considered to be an economic bellwether tracked a slump in global equity markets.

China, more than quadrupled the value of fixed-asset investment projects approved in the third quarter from the April-June period.

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Silver Trading Range For The Day Is 38318-39158

Silver trading range for the day is 38318-39158.

Silver dropped as the US dollar strengthened after the European Central Bank kept interest rates unchanged in their October policy meeting.

Fed’s Clarida said that gradual increases to interest rates are appropriate, noting that increased savings and tax cuts constitute burdens on the economy.

Orders to US factories for big-ticket manufactured goods slowed significantly in September.



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Gold Prices Fell On A Strong Dollar And A Rebound Of Stocks

Gold trading range for the day is 31666-32212.

Gold prices fell on a strong dollar and a rebound of stocks following a multi-day sell-off globally, taking steam out of bullion's momentum.

U.S. business spending on equipment appeared to have remained slow in September and the goods trade deficit widened further

Concerns ranging from U.S.-China trade disputes to Italy's budget woes and Brexit uncertainty have accelerated the flight to safety.

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Jeera Dropped On Profit Booking After Prices Gained Amid Improved Physical

Jeera trading range for the day is 19675-20585.

Jeera dropped on profit booking after prices gained amid improved physical domestic and exports demands from China and Bangladesh.

During monsoon season, Jeera producing districts of Gujarat received scanty rains, which will affect its production in next season.

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Gold Prices Traded In Range As Shares Fell Amid Rising

Gold trading range for the day is 31754-31986.

Gold prices traded in range as shares fell amid rising political tensions and worries over slowing global economic growth.

The Italian government expects the European Commission to decide for the first time ever to ask a member state to revise its draft budget.

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Aluminium Trading Range For The Day Is 146.2-150.2

Aluminium trading range for the day is 146.2-150.2.

Aluminium dropped on profit booking despite of market talk that Jinjiang and Xinfa have cut their alumina capacity due to tight supplies of bauxite.

China's primary aluminium production fell for a second straight month in September and slid to its lowest level since May.

China's primary aluminium supply is expected to grow at 4.1% in 2019, while consumption is likely to grow at a slower pace of 3%.

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Silver Trading Range For The Day Is 38346-39216

Silver trading range for the day is 38346-39216.

Silver settled flat as the minutes from the latest Federal Open Market Committee meeting reinforced expectations for tighter U.S monetary policy.

Minutes showed that officials believed the central bank should continue to increase interest rates to ensure a stable economy.

The Federal Reserve said real GDP appeared to be rising at a "strong" rate in the third quarter, similar to its pace in the first half of the year.

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