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  • Aluminum Warehouse Stocks at Record Low as Tight Supply Persists

    From bnnbloomberg.ca

    Readily available aluminum inventories in London Metal Exchange warehouses plunged to a record low, the latest evidence of mounting tension in the global metals market between tight supplies versus a darkening outlook for industrial demand. Metal not already marked for withdrawal dropped 9.7% to 260,275 tons, surpassing a previous low set in 2000, to hit a record in data going back to 1997. Stockpiles have slumped 63% so far this year, heading for a record annual decline, with robust demand and a slew of smelter curtailments pushing the market into a deepening deficit. Yet, despite the shrinking inventories, the ... (full story)

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    Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do...

    From @elonmusk|May 13, 2022|3 comments

    tweet at 5:44am: Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users https://t.co/Y2t0QMuuyn

    Shanghai steel rebar, HRC futures range-bound on lean downstream demand

    From financialpost.com|May 13, 2022

    Chinese steel rebar and hot-rolled coil futures traded in a tight range on Friday and posted weekly losses as COVID-19-related restrictions and heavy rains dented downstream ...

    Industrial production down by 1.8% in the euro area and by 1.2% in the EU

    From ec.europa.eu|May 13, 2022|1 comment

    In March 2022, the seasonally adjusted industrial production fell by 1.8% in the euro area and by 1.2% in the EU, compared with February 2022, according to estimates from ...

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    Putin told Scholz talks with Ukraine are essentially blocked by Kyiv - TASS

    From @Financialjuice1|May 13, 2022|8 comments

    tweet at 6:26am: PUTIN TOLD SCHOLZ TALKS WITH UKRAINE ARE ESSENTIALLY BLOCKED BY KYIV - TASS. tweet at 6:28am: PUTIN AND SCHOLZ AGREED TO CONTINUE DISCUSSIONS ON UKRAINE BETWEEN COUNTRIES ON VARIOUS LEVELS - IFAX CITES KREMLIN.

    Gold Markets Break Down Rather Significantly

    From dailyforex.com|May 13, 2022|1 comment

    Gold markets have broken down significantly during the trading session on Thursday, as the 200 Day EMA continues to offer a significant amount of resistance. By doing so, the ...

    India’s gold market in April: retail demand improved but imports remained muted

    From gold.org|May 13, 2022

    The international gold price declined in April, led by interest rate volatility and dollar strength. The LBMA Gold Price AM in USD fell by 0.4% and the MCX Gold Spot in rupees ...

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  • Story Stats
  • Posted: May 13, 2022 6:18am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 0  /  Views: 49
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    China Money Supply M2 (Y/Y) Apr: 10.5% (est 9.9%; prev 9.7%)
    From @LiveSquawk|May 13, 2022
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