News

Tag Archives: metal scrap perth

Newsletter Read more »

Newsletter

Thankfully we have started the week with a resolution to the Federal election which combined Australia’s longest campaign with the longest count duration. Elsewhere uncertainty remains in Europe with Brexit, and the LME commodity markets continue to drift along sidewards until the political and economic…


Read more »

Newletter

Financial markets this week are trying to find a base as Britain and Europe are trying to figure out “what’s next”?  The dollar and stocks in general have dropped due to the uncertainty surrounding how a European Union without Britain will look. The dollar is…


Read more »

Newsletter

The retail punting on Chinese steel and rebar future markets was looking shaky and no surprise that both commodities had their worse week on record with a weekly fall of 12%. These two items have now unwound 80% of their recent rally which we hope…


Newsletter Read more »

Newsletter

Anzac Day marks the anniversary of the first campaign that led to major casualties for Australian and New Zealand forces during the First World War.  Australians and New Zealanders recognise 25 April as a ceremonial occasion to reflect on the cost of war and to…


Read more »

Newletter

In the LME markets, Copper has had a weak 5 days dropping 2.5%, whilst Aluminium rose 3.4%. The AUD/USD exchange rate is currently at 76.04 up from last week’s level of 75.4. Newspaper reports refer to the weak oil prices, fragile global growth front and…


Newletter Read more »

Newletter

This time last week we were commenting about the AUD/USD trading at the time at an 8 month high of 75.10 cents. To everyone’s surprise the momentum continued with the dollar climbing to over 76.5 cents on Friday to settle at today’s rate of 75.80.…


Newletter  AUD/USD exchange rate hits an 8 month high at 75.94 Read more »

Newletter AUD/USD exchange rate hits an 8 month high at 75.94

Following on from last Mondays 18% overnight jump in the iron ore price, we can report that Iron Ore has since fallen back 10%, but unfortunately the AUD/USD exchange rate hasn’t. Last night the AUD/USD hit an 8 month high overnight at 75.94 although it…


Read more »

Newsletter

It’s been a busy night overnight with iron ore rising a massive 18.5% on the belief (ie nothing fundamental) that Beijing’s pro-growth policies will improve demand in China. Other commentary also refers to the catching out of short sellers, who in a rising market are…


Read more »

Newsletter

Kung Hei Fat Choy, and our best wishes for a healthy and happy Chinese New Year, being the year of the Monkey. As the 2017 Chinese New Year falls on January 28, it’s not quite a full year, but let’s not confuse things. It is…


Newsletter - Weak manufacturing data from China Read more »

Newsletter – Weak manufacturing data from China

On Monday it was a familiar story out of China with weak economic data in the form of the Purchasing Managers Index readings. A reading below 50 implies contraction and no surprise it came in at 48.6. This caused LME prices to slightly fall but…


Page 1 of 141234510...Last »

News Categories

Recent News