DÉCOUVREZ FT MERCATI - ESSAI GRATUIT

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FT Mercati met à la disposition des abonnés un bulletin dédié aux matières premières pour rester à jour. Voici une sélection des dernières nouvelles :

03/05/2024

ZINC DRIVEN MORE BY FUNDAMENTALS THAN BY SPECULATION - SUCDEN

Speculative interests will have a strong impact on the outlook for base metals in the second quarter of 2024, Daria Efanova, head of research at UK-based service provider Sucden Financial, said .
But while other base metals have been driven by speculative demand, the traders have pushed prices higher for zinc in recent weeks, Efanova said.
Though zinc prices have been largely rangebound this year, a strong upside in late March and early April pushed prices to $2,800 per tonne resistance levels.
Sucden predicts that zinc prices will remain slightly elevated due to fundamentals. In addition, Sucden noted the impact of Chinese macro and fundamental factors on the zinc market. China’s zinc concentrate inventory has declined rapidly, falling to a multi-year low, suggesting that there’s just not enough concentrate to be produced domestically.
Also, rising competition of ore mines and tightness in the zinc concentrate have pushed TCs to three-year lows.
Efanova predicted that in the second quarter, the $2,700 per tonne level will remain robust in terms of resistance, and Sucden remains bullish on zinc, while expecting some volatility.

03/05/2024

WORLD REFINED BALANCE FORECAST 2024-2025 – ICSG

According to preliminary data in its april report, the International Copper Study Group (ICSG) expects a SURPLUS of about 162,000 tonnes for 2024 compared to a surplus of about 467,000 tonnes forecast last October with the difference mainly due to lower than anticipated refined copper production.
A SURPLUS of about 94,000 tonnes is currently expected for 2025.

03/05/2024

WORLD REFINED USAGE FORECAST 2024-2025 – ICSG

According to preliminary International Copper Study Group ( ICSG ) data in april report, world apparent refined copper usage is expected to increase by about 2% in 2024 and 2.5% in 2025.
This are figures of copper world usage (thousand tonns) in 2024 and 2025 :
Africa : 2024 = 187; 2025= 162;
N.America : 2024= 2,185; 2025= 2,221;
Latin America : 2024= 394; 2025 = 305;
Asean-10 (included all the 10 Southeast Asian nations): 2024= 1,237; 2025= 1,366;
Asia-CIS (*) : 2024= 107; 2025= 107;
Asia ex Asean/CIS : 2024= 19,166; 2025= 19,617;
EU : 2024= 2,960; 2025= 3,016;
Europe Others : 2024= 882; 2025= 898;
TOTAL : 2024= 27,118; 2025= 27,793.
(*) The Commonwealth of Independent States (CIS) is a regional intergovernmental organization in Eastern Europe and Asia. It was formed following the dissolution of the Soviet Union in 1991.

03/05/2024

INDEX 02 may

(Changes compared to the previous day are shown in parentheses) :
BALTIC DRY INDEX = 1744 (increasing)
Index of shipping and freight cost. Despite its name, it collects the data of the main world routes and not only those of the Baltic Sea.

CRB COMMODITY INDEX = 331.31 (declining)
The commodity Research Bureau is published by 1958 and is an index on commodities

LME INDEX = 4203.40 (declining)
Index of the London Metal Exchange of non-ferrous metals, world reference.

02/05/2024

WORLD REFINED COPPER PRODUCTION FORECAST 2024-2025 – ICSG

According to preliminary International Copper Study Group ( ICSG ) data, in april report , world refined copper production is forecast to rise by about 2.8% in 2024 and 2.2% in 2025:
This are figures of refined copper production (thousand tonns) in 2024 and 2025 :
Africa : 2024 = 2,525; 2025= 2,812;
N.America : 2024= 1,669; 2025= 1,705;
Latin America : 2024= 2,654; 2025 = 2,788;
Asean-10 (included all the 10 Southeast Asian nations): 2024= 671; 2025= 1,190;
Asia-CIS (*) : 2024= 515; 2025= 515;
Asia ex Asean/CIS : 2024= 15,758; 2025= 16,654;
EU : 2024= 2,450; 2025= 2,538;
Europe Others : 2024= 1,306; 2025= 1,401;
Oceania : 2024= 465; 2025= 455;
TOTAL : 2024= 28,012; 2025= 30,057.
(*) The Commonwealth of Independent States (CIS) is a regional intergovernmental organization in Eastern Europe and Asia. It was formed following the dissolution of the Soviet Union in 1991.

02/05/2024

WORLD MINE PRODUCTION FORECAST 2024-2025 – ICSG

According to preliminary International Copper Study Group ( ICSG ) data, in april report, world copper mine prodution is expected to increase by 0.5% in 2024 and to growth of 3.9% in 2025.
This are figures of copper world mine production (thousand tonns) in 2024 and 2025 :
Africa : 2024 = 3,879; 2025= 4,250;
N.America : 2024= 2,443; 2025= 2,530;
Latin America : 2024= 8,917; 2025 = 9,632;
Asean-10 (included all the 10 Southeast Asian nations): 2024= 1,118; 2025= 1,102;
Asia-CIS (*) : 2024= 975; 2025= 1,016;
Asia ex Asean/CIS : 2024= 2,750; 2025= 3,001;
EU : 2024= 759; 2025= 785;
Europe Others : 2024= 1,397; 2025= 1,568;
Oceania : 2024= 913; 2025= 940;
TOTAL : 2024= 23,150; 2025= 24,825
(*) The Commonwealth of Independent States (CIS) is a regional intergovernmental organization in Eastern Europe and Asia. It was formed following the dissolution of the Soviet Union in 1991.