Dollar Slide Deepens as Euro Strength Saps Stocks: Markets Wrap

Despite a U.S. holiday, the dollar dominated trading on Monday as it headed for a fourth day of declines, weakening against every major currency. The euro’s jump weighed on European stocks, while gold gained.

LME metals prices look well placed to advance

Base metals prices on the London Metal Exchange are generally higher this morning, Friday January 12, with prices fairly uniformly up between 0.5% and 0.6% – apart from tin prices that are down 0.1% at $20,159 per tonne.

EIA predicts increased ethanol consumption in 2018, 2019

The U.S. Energy Information Administration has released the January edition of its Short-Term Energy Outlook, predicting that ethanol production in 2018 and 2019 will be maintained at the 2017 level.

Asia PC prices poised to see limited fluctuations

Asia’s polycarbonate (PC) prices are expected to keep to a broadly stable trend in the first half of 2018, amid protracted healthy demand for most grades.

Europe PE prices in the doldrums despite Asian increases, Brent close to $70/bbl

Polyethylene (PE) prices in Europe are firmly in the doldrums, even as Asian prices continue to rise and Brent crude oil flirts with $70/bbl, ICIS data showed on Monday.

Oil prices near three-year highs, supported by healthy demand

Brent crude prices consolidated recent gains at around $70 a barrel on Tuesday, a level not seen since 2014’s dramatic oil market slump.

Zinc surges to 10-year peak as base metals rally

Zinc hit another 10-year high on Monday as base metals rallied across the board on the back of a faltering dollar, with expectations that the European Central Bank may start trimming its stimulus programme lifting the euro to a three-year peak.
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