Platinum: +2.2% Turkey steel scrap: +1.9% Zinc: +1.8% Aluminum: +1.2% Copper: +0.9% Iron ore: -2.7% Coal: -4.8%
Aluminum stocks of SHFE and LME jumped respectively +0.3% and +1%. Copper stocks of LME and US decreased respectively -1.1% and -0.3% while copper stocks of SHFE increased +14.5%. Zinc stocks of LME descended -2.9% but zinc stocks of SHFE ticked up +4.4%.
Palladium: +1.9% Shanghai rebar: +0.9% Zinc: +0.3% Steel billet, FOB Black Sea: -0.3% Iron ore: -0.9% Shanghai Nickel: -3.7%
Indonesia is decided to forbid Nickel export from October to December 2019 (3 months) in order to add the value in domestic industries. This prohibition was supposed to be performed on 2022 so its two-year ahead execution influenced on the market and caused the strong demand of Nickel! The LME three-month Nickel price is now…