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Why do see sharp fall in prices of industrial metals scuh as lead and nickel? Alarming in the futures market!
One time this sector was favourite sector among investors. What is the reason for collpase of industrial metals sector?
Do you see less demand from China? Thanks.
Best Answer
2775 points
Oldman answered one year ago …
No. There won't be a major down movement in any commodity imported by China, unless a severe pandemic occurs there. MNSL, the futures markets are driven by speculation (perceptions > data). Spot prices are affected by futures, but Chinese Central Banking and the Central Committee have tried to hold inflation back by putting price controls on...and that only works for a short time.
There have been run-ups in soft metals: lead, zinc, uranium, etc, previously. Zinc was up last year, thenit fell, and it's beginning to rise again, but if you're trading futures...it's very volatile.
Answers
110 points
DaZajn answered one year ago …
Dear Sir,
there might be minor flashes of panic due to ever and over in emotion reaching consciousness
while trading this commodities, as in times when they are without imaginative solution of future developments, as far as PfP goes, there is tremendous growth ahead thus normal or for workes
substandard conditions might applie.
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