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Nickel prices rallied on Wednesday as the dollar lost ground against most major rivals, while analysts assess the state of supplies. A delay in the release of smelters data stoked concerns of tightened supplies, which underpinned prices in recent months. Nickel is mainly used in stainless steel production and EV...
Minerals were mixed on Wednesday with nickel prices declining amid expectations of increased supplies, while copper prices scaled seven-month highs after Chinese smelters agreed to cut production. Copper three-month futures at the London Metals Exchange touched $8799 a tonne, the highest since August 2023, trading 1.6% higher. Copper scaled two-year...
Nickel prices fell on Wednesday after Indonesia said it’s preparing to sell more mining shares to investors, which would increase supplies. Nickel three-month futures at the London Metals Exchange fell 0.6% yesterday to $17,060 a tonne. Nickel March futures fell 1.5% on Tuesday at the Shanghai Futures Exchange to 132,430...
Brent Oil Price Analysis Expected Scenario The Brent oil price rallied strongly, breaching the 90.95$ level and settling above it. This action stops the previously suggested negative scenario and resumes the main bullish trend within the bullish channel. Expected Outcome The expected outcome is for the bullish trend to continue,...
Silver Price Analysis Expected Scenario The silver price tested the bullish channel’s support line and maintains stability above it. It aims to resume the main bullish trend. Expected Outcome Stochastic is attempting to gather positive momentum to support the bullish expectations. Note that breaking 27.50$ may stop the bullish trend...
Platinum price touched 987.00 level in its last rise, to form an intraday obstacle agsint resuming the bullish attack, to notice forming temporary sideways fluctuation by its stability near 980.00. Reminding you that the continuation of the extra support at 950.00 and providing extra positive momentum by stochastic, and that...
Frequently asked questions
What is the price of Steel today?
The price of Steel is $820.00 (Steel price - Last update: 2024-04-18 10:50AM UTC)