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For a packet of biscuits
Click here to read the chinese version
为了一包饼干
The three months futures price on the London Metal Exchange has been climbing higher in recent weeks. The middle of February, after the first technical correction of the picture-book trend since the start of the year, saw nickel at USD 12,400.00/mt, but then the rise continued. On 6th March a high of USD 13,765.00/mt was reached …
Global markets set the tone
Click here to read the chinese version
全球市场奠定基调
Who would have thought? Nickel continues its rise on the London Metal Exchange (LME) and, according to analysts at Reuters, is so far the top performer amongst metals in 2019 with a price increase of more than 20%. Since the end of December 2018, in a sound and constant upwards movement …
Big Boy becomes Big Brother
Gloomy sentiment at the start of the year. Bad news everywhere. Economic slowdown without doubt. Pessimism exaggerated. In contrast, nickel started positively in 2019. Investment bank, Goldman Sachs, lowers its forecast for short term metal prices. Turns some...
Aristotle already knew about financial instruments
Nickel prices inconsistent. Easy come, easy go. Mood not good at present. Protectionism, Brexit, Turkey, Italy, France. Plenty of reasons around. Solutions few and far between. Uncertainty and falling nickel and other commodity prices cause cut-backs in stainless...
Ghost train to Port Hedland
Strong macro economics and a firmer US dollar push nickel prices below USD 12,000.00/mt. Short recovery after the US mid-term elections only a bush fire. Is the earth really only 6,000 years old? Recent discoveries of cave drawings in Borneo seem to prove otherwise....
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