Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»The Commodities Feed: Risk on after US and China lower tariffs | articles
    Commodities

    The Commodities Feed: Risk on after US and China lower tariffs | articles

    May 13, 20253 Mins Read


    Copper and other industrial metals rose this morning, with easing trade tensions giving metals markets a boost. At a briefing following the talks, US Treasury Secretary Scott Bessent said neither nation wanted their economies to decouple.

    This marks a substantial cooling of trade tensions between the US and China; however, questions remain for markets as to what the end game will be, as the measure will be operational for 90 days, and what the eventual level of tariffs will be. Uncertainty is still high, and volatility is likely to remain elevated across commodities markets.

    Trading in metals has been volatile since US President Donald Trump’s inauguration, with this volatility mostly driven by both comments made by the President and tariff risks. In April, copper saw its worst performance since mid-2022, as signs began to emerge of trade starting to hurt economies, with the US contracting in the first quarter and manufacturing in China’s factory activity showing the biggest contraction since December 2023.

    Gold, meanwhile, has dropped more than 2% this morning as easing trade tensions between the US and China impacted its safe haven status while the dollar rallied. A ceasefire between India and Pakistan has also buoyed risk sentiment and weighed on gold prices. Still, gold is up by more than 20% so far this year, with Trump’s unpredictable trade policy the key driver for gold so far in 2025.

    The latest data from the Shanghai Futures exchange (SHFE) shows that weekly inventories for all base metals (except lead) fell over the reporting week. Copper stocks fell by 8,602 tonnes for a seventh consecutive week to 80,705 tonnes as of last Friday, the lowest since the week ending on 10 January 2025. The decline was largely driven by recent US tariffs diverting a large flow of copper inventories into the US.

    Among other metals, aluminium inventories fell by 6,192 tonnes for a sixth straight week to 169,665 tonnes (the lowest since the week ending on 9 February 2024). Nickel and zinc inventories also fell by 3% week-on-week and 2.8% WoW respectively. In contrast, lead inventories rose by 2,718 tonnes for a second consecutive week to 49,504 tonnes.

    The latest positioning data from the CFTC shows that speculators increased their net longs of COMEX copper by 3,325 lots for a fourth consecutive week to 23,338 lots as of 6 May. In precious metals, managed money net longs in COMEX gold decreased by 3,558 lots for a seventh straight week to 112,307 lots over the last reporting week, the least bullish bets since the week ending 27 February 2024. Money managers’ interest in gold remains muted amid record-high prices. Similarly, speculators decreased net longs of silver by 1,004 lots after reporting gains for three consecutive weeks to 30,248 lots as of Tuesday.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Africa Energy Forum 2025 : le Cameroun recherche des financements pour son plan énergétique évalué à 7200 milliards FCFA

    Commodities

    AECT Grad Students, Faculty Earn Presentation Awards at Agricultural Education Conference

    Commodities

    Citrus and potatoes top Egypt’s H1 agricultural exports of 5.2mln tonnes

    Commodities

    400 millions $ au Nigeria pour la « plus grande usine de terres rares » d’Afrique, mais…

    Commodities

    Oil hits five-month high after US hits key Iranian nuclear sites

    Commodities

    Le Nigeria bénéficiera d’un appui allemand de 20 millions € pour sa transition énergétique

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Investments

    U.S. proposal to curb AI, chip investment into China under final review

    Commodities

    Fan de musique metal, une vigneronne lance son festival en Gironde

    Investments

    UBA Investments annonce que sa société d’investissement va acquérir une participation de 15,10 % dans une société

    Editors Picks

    UK Government pumps $J3.5 billion into major agricultural development in Jamaica’s southern plains

    April 26, 2025

    Peregrine Gold Says Agreement Executed With Individual Over Peninsula Prospect (en anglais) -Le 25 mars 2025 à 01:25

    March 24, 2025

    The Guide How to Invest in Bali, All You Need to Know

    August 15, 2024

    Kioxia Selected in Clarivate Top 100 Global Innovators 2025

    March 13, 2025
    What's Hot

    La Libre Antenne de Max du 21 mai

    May 21, 2025

    CBDC Incoming? Bank of England Advances Digital Pound Project with New Testing Laboratory

    January 20, 2025

    Gold Price Hits All-Time High Amid Bets on Rate Cut, Trump Win

    July 16, 2024
    Our Picks

    Le bénéfice net de Zhejiang China Commodities City pour 2024 en hausse de 14,9 % en glissement annuel

    March 26, 2025

    Aave offre des rendements plus élevés que Wise et Revolut, alimentant la hausse de l’AAVE

    April 12, 2025

    Hydrogène natif : un second permis de recherches en Béarn en passe d’être délivré

    March 11, 2025
    Weekly Top

    ION de Pignataro envisage d’investir dans une fintech soutenue par Azimut

    June 23, 2025

    Krona Public Real Estate acquiert quatre propriétés et lance une émission d’actions avec droits préférentiels

    June 23, 2025

    AECT Grad Students, Faculty Earn Presentation Awards at Agricultural Education Conference

    June 22, 2025
    Editor's Pick

    Saint-Étienne. Le groupe stéphanois de metal ChessTown sort son premier album

    May 27, 2025

    Trump launches meme coin, $TRump days before return to White House – BBC.com

    January 18, 2025

    Budget 2024: What changes in property taxes mean for home buyers

    July 24, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.