Goldman Sachs: A Super Cycle of Commodities in The Cards_SMM

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Home / Metal News / Precious Metals / Goldman Sachs: A Super Cycle of Commodities in The Cards

Goldman Sachs: A Super Cycle of Commodities in The Cards

Mar 22, 2023 11:23 icon

CST

Source:SMM

According to news on March 21, the head of commodities at investment bank Goldman Sachs expects capital flight from China and the energy market and investment sector this month will drive a commodity super cycle after the banking industry raised concerns.

"As losses mount, they spill over into commodities," Jeff Currie, Goldman's global head of commodities, told the Financial Times at the Commodities Global Summit on Tuesday.

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In the spot market, Jinchuan nickel was quoted at premiums of 6,500-7,000 yuan/mt as of September 14, averaging at 6,750 yuan/mt, which was down 1,150 yuan/mt from the previous trading day.

Sep 14, 2022 11:26 timezone

CST

SMM Comments

Spot Prices of Pure Nickel Fell Slightly, with No Significant Improvement in Transactions

Data: SHFE, DCE market movement (Sep 13)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Sep 13, 2022

Sep 13, 2022 15:21 timezone

CST

Data Analysis

Data: SHFE, DCE market movement (Sep 13)

Copper Prices Remained High Supported by the Tight Spot Supply in China and Overseas

On the macro front, since the US Fed Chairman Powell delivered a hawkish speech at the central bank meeting, other Fed officials conveyed their anti-inflation stance and determination.

Sep 13, 2022 13:02 timezone

CST

SMM Insight

Copper Prices Remained High Supported by the Tight Spot Supply in China and Overseas

TCs of Spot Copper Concentrate Rose to Above $80/mt Affected by the Qinhuangdao Port Incident

As of September 9, the SMM Imported Copper Concentrate Index (weekly) stood at $81.96/mt, $2.71/mt higher than last week.

Sep 9, 2022 15:16 timezone

CST

SMM Comments

TCs of Spot Copper Concentrate Rose to Above $80/mt Affected by the Qinhuangdao Port Incident

Zinc in Tianjin: Transactions Were Modest as Downstream Enterprises Purchased on Dips

At the beginning, as the premium in Tianjin rose slightly amid falling zinc prices, traders actively made shipments and downstream enterprises purchased on dips.

Sep 8, 2022 14:10 timezone

CST

SMM Comments

Zinc in Tianjin: Transactions Were Modest as Downstream Enterprises Purchased on Dips

Pure Nickel Premiums Rebounded amid Supply Tightness, and Stainless Steel Mills Ramp up Purchases of NPI

For alloy, nickel plate inventory dropped significantly last week maid improving order book, but the demand weakened again amid rising premiums. To sum up, pure nickel supply tightened to some extent recently, offering support to nickel prices in the near term.

Sep 6, 2022 10:36 timezone

CST

SMM Insight

Pure Nickel Premiums Rebounded amid Supply Tightness, and Stainless Steel Mills Ramp up Purchases of NPI

EMM Plants Held their Prices Firm Because of the High Bid Prices

On August 24, the average price of spot EMM in the main producing regions across China stood at 14,500-14,700 yuan/mt, up 100 yuan/mt from the previous trading day.

Aug 24, 2022 17:33 timezone

CST

SMM Comments

EMM Plants Held their Prices Firm Because of the High Bid Prices

Spot Trading Remained Poor amid High Nickel Prices

On August 22, spot premiums of Jinchuan nickel were 5,300-5,500 yuan/mt. The average price stood at 5,400 /mt, down 350 yuan/mt from the previous trading day.

Aug 22, 2022 11:07 timezone

CST

SMM Comments

Spot Trading Remained Poor amid High Nickel Prices

Data: SHFE, DCE market movement (Aug 18)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Aug 18, 2022

Aug 18, 2022 15:18 timezone

CST

Data Analysis

Data: SHFE, DCE market movement (Aug 18)

Data: SHFE, DCE market movement (Aug 9)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Aug 9, 2022

Aug 9, 2022 15:19 timezone

CST

Data Analysis

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May
30
- 2023 INDONESIA NICKEL AND COBALT INDUSTRY CHAIN CONFERENCE
  May 30 - 31,2023
  In order to better promote the exchange and development of the nickel and cobalt industry in China and Indonesia.
  JAKARTA, INDONESIA

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2023 INDONESIA NICKEL AND COBALT INDUSTRY CHAIN CONFERENCE