Tuesday, August 2, 2016

This is what a broad-based metals and mining rally looks like

Gold may be grabbing the headlines with its best year-to-date performance in decades and silver's 48% surge in 2016 to above $20 an ounce is a big swing even for such a volatile metal, but this year's rally in commodities is broad-based and becoming more so.
After under performing gold in 2016, platinum has now overtaken the yellow metal with a year to date advance of a shade under 34%. A  chunk of those gains came in July, the metal's best monthly performance since 2012. Sister metal palladium has also enjoyed its best month for nearly a decade, soaring 21.1% in July. With a 52% or $250 an ounce gain from trough to peak in 2016, palladium is now even besting silver.
Thermal coal is probably the biggest upset – seaborne prices are up 22% in 2016 to above $60 a tonne with most of those gains coming in recent weeks
Base metals have also enjoyed a breakout 2016 with across the board gains year-to-date. Measured from recent lows which mostly occurred at the end of 2015 and in January and February this year the recovery in prices this year is even more impressive.
One of the few decliners until recently, lead is still a laggard but now boasts a 2.7% rise in 2016 scaling $1,800 a tonne in July. Bellwether copper has also been lack luster adding only 3.3% in 2016 as it remains stuck below $5,000 a tonne, but elsewhere in the complex prices are in rapid advance.
Aluminum and cobalt, both up 9.4% so far this year haven't enjoyed the spectacular gains of the likes of likes of zinc (+40% to $2,275 a tonne) and tin (+24% just short of $18,000), but like nickel (+24%) which regained the $10,000 a tonne level in May, the metals could play catch up over the remainder of the year as Chinese demand picks up steam.
Steel making raw materials iron ore (+41% to top $60 a tonne on Monday) and coking coal (+29% and back in triple digits) have also come back strongly despite all predictions. Thermal coal is probably the biggest upset – seaborne prices are up 22% in 2016 to above $60 a tonne with most of those gains coming in recent weeks as a domestic clampdown by Beijing opens up opportunities for exporters.
Oil dipped below $40 a barrel today as the 2016 rally comes off the boil, but the commodity is still up more than 50% from its February low. Potash at levels not seen since 2007 and uranium languishing around $25 with few signs of improvement appear to be the exceptions that prove the rule for mined commodities this year.
commodities broad-based metals and mining rally looks like
Source: Steel Index, LME, Comex, Nymex, UX, Infomine. Prices at August 1, 2016

24 comments:

  1. Thank you for your great post. It's really very informative and really helpful. Please Keep posting. Thanks again.
    23traders

    ReplyDelete
  2. Your web journal is so appealing... i am a day by day guest of your website and every time i found an extraordinary posts and upgrades with respect to the stock and item showcase. We gives best
    Forex signals
    Fx signals
    Currency signals

    ReplyDelete
  3. Gold Crude Research and advisory provides best signals in Commodity: NYMEX signals, Crude Oil signals, natural gas signals, wti oil signals Comex signals.
    Comex signals
    Crude oil signals
    Natural gas signals

    ReplyDelete
  4. Essentially the most closely traded currencies are those that embrace (in no explicit order) the Australian greenback, the Swiss franc, the British pound sterling, the Japanese yen, the Eurozone eruo, and the United States dollar. You’ll be able to trade any one foreign money towards one other and you may trade from that foreign money to a different currency to construct up further money and curiosity daily. forex signals

    ReplyDelete
  5. Shares of private sector lender Karur Vysya Bank rose nearly 2% to Rs485.50, after its board approved the proposal for sub-division of existing equity share.
    Capitalstars

    ReplyDelete
  6. Thank you! for sharing above informative post that enable different trader to being updated about the global market as well domestic market. through which an individual trader or investor can work according to a proper Risk Appetite on which we focus by working through a support and resistance level. MCX tips

    ReplyDelete
  7. The foreign exchange market is more important to our daily lives than most people would ever realize. The forex market is used for the trading of foreign currency. This is essential for the economy of many nations. If you would like to trade currency in the forex market, then keep reading this tips. forex signals

    ReplyDelete
  8. Liquidity is the ability of an asset to be converted into cash quickly and without any price discount. In forex this means we can move large amounts of money into and out of foreign currency with minimal price movement. The forex market has no restrictions for directional trading. This means, if you think a currency pair is going to increase in value; you can buy it, or go long. Similarly, if you think it could decrease in value you can sell it, or go short. Margin-based accounts differ from credit-based accounts in that when trading in a margin account, you must first open an account with your broker, and then fund the account by depositing money into the account. Join us this website::: forex signals

    ReplyDelete
  9. Anywhere you see negative comments about Forex trading, they will obviously be from people who don't make money Forex trading. Obviously if you want advice about Forex trading, get it from people who are successful Forex traders.
    Ref your question, when choosing a broker the key if the protection of your capital. Check that your money is safe, if should be in a protected account separate from the brokers money or any other customers. Research to see if there is any negative feedback on the broker.
    As with almost everything, the key to successful Forex trading is education, experience and discipline. Read this for my recommendations to anyone starting out. Visit forex signals

    ReplyDelete
  10. Commodity prices keep on fluctuating under market conditions. Traders should be3 attentive while trading in commodity market. Experts serves MCX Tips to keep record of changes.

    ReplyDelete
  11. Are you in NEED of a good Binary trader to manage your account or assist you in trading Binary with at least 90% winnings? I can help you manage your account perfectly with my masterclass strategy. With average wins of 8 out of 10 also with over 90% accurate trading signals, i manage my clients broker accounts. You don’t need a degree, any experience or a lot of money to get started.

    what is cfd trading

    ReplyDelete
  12. Hello.
    Nice representation. My self Mr Dimitri Rusca. I came to know information about commodity trading companies from your blog..Thank you for posting and keep up posting.....

    ReplyDelete
  13. Forex speculation shouldn’t be a straightforward task, which is why traders mustn’t forget to study the trade first earlier than making any precise trade. An intensive foreign currency trading course can assist you be taught all of the in and outs of trading. The professionals can present you the needed studying experience earlier than entering the true world of forex. To know more visit trade copier

    ReplyDelete
  14. Market cautious ahead of exit polls data; Tata Tele down 6% .capitalstars

    ReplyDelete
  15. Thankyou for sharing useful information. get more information click here and visit sites :-
    Gold Crude Research
    Commodity Services
    Market Research


    ReplyDelete
  16. Nice post. It will help all viewer. Go ahead for latest updates of SENSEX, NIFTY and Accurate Intraday Trading Tips.
    Crude oil signals,
    Stock market advisory,
    commodity market advisory

    ReplyDelete
  17. • United Bank QIP Issue Opens, Floor Price Set at Rs24.44/Share.
    • Mindtree to consider declaration of interim dividend March 27.
    • Subex Board Meet On March 24 To Consider Issue Of Equity Shares On Preferential Basis.
    CapitalStars

    ReplyDelete
  18. Thanks for your sharing useful post. We also provides best signals in Commodity: Indices signals, oil price, Energy signals, silver signals.

    ReplyDelete
  19. Spot gold may rise to $1,265 per ounce, as suggested by its wave pattern and a Fibonacci retracement analysis, Reuters technical analyst Wang Tao said. capitalstars

    ReplyDelete
  20. Thanks for sharing post.
    Get more information please click below. We provide highly accurate calls with maximum return.
    Adviser Street
    Equity tips
    Commodity tips

    ReplyDelete
  21. • HDFC plans to raise Rs.5,000 crore via Masala bonds.
    • Core Industries grow by 5% In March, fastest in 3 months.
    • Dr Reddys USFDA issues 11 observations to cos Bachupally plant.
    • IGL acquires two steel pipelines from GAIL
    CapitalStars

    ReplyDelete
  22. Much obliged for your educated post. We can get numerous advantages it. What's more, increment our business benefit and can fulfill the client give necessity administration. We are exceptionally appreciative to you.
    Crude oil signals

    ReplyDelete