Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > Market Snapshot Summary - United Kingdom, 2pm GMT

Abstract:
Summary Snapshot

SPOT GOLD/SILVER MOVE TO RECORD HIGHS

Gold and Silver continued the march higher climbing into record territory while U.S. stock futures rose sharply on Tuesday, together with oil, and other commodities, as investors also digested details of a deal to temporarily extend tax cuts to all Americans. Futures on the Dow Jones Industrial Average spiked pre-New York open to print 11,437, +84.00, while S&P 500 futures were quoted at 1,234, +11.70, +0.96%. Gold traded as high as $1,431 and Silver at $30.70 a troy ounce dragging other metals prices higher. Bulk copper spiked almost $10 a lb up 2.5% intraday, WTI Light Sweet crude oil broke $90 a barrel breaching USD$91 intraday.

Market Snapshot Summary - United Kingdom, 2pm GMT

UK | Posted on December 7th, 2010

The move in commodity markets was all the more puzzling with metals moving higher in tandem with broad equity gains considering comment from the IMF suggesting the situation in Europe "was serious" and prospects for growth and recovery remained "sluggish". In this case the synergy seems a consequence of event news driving the equity rally.

"Clearly commodities in general have caught a bid and in respect of silver and gold have moved into a technical breakout pattern. The mood of combined euphoria could prove short-lived as focus again inevitably returns to weight macro-economic factors. Underlying fundamentals are not good and the rally in metals to be sustained will require evidence of physical as opposed to investment demand. We are advising nanomaterials suppliers to use this rally as an opportunity to lock in gains" cited a dealer at NCM/Stekram.

NANOMATERIALS:

The INSCX Nanomaterials Global Index (INMX) ended Monday's NY session at 112 even. Intraday the index stands at 113.45. Metals/Oxides are without exception offered higher on the back of firmer underlying bulks. Carbon Black (Various Furnace grades) and bulk Polymer contracts are marked up 1% across the board. All focus appears to be on WTI crude. "A close here above $90 would signal a move further to the upside. Iran's OPEC governor lent weight to the rally suggesting USD$100 a barrel oil "would not hurt the global economy". $100 oil adds in effect a 10% increase in cost inputs for Carbon Black and bulk polymers reflected in INSCX forward price offerings. Industrial metals along with copper Palladium fetched $770 intraday up from a $748 NY close while steel remained muted in the wake of the German Steel Association suggesting 2011 crude steel output would rise 2%. The news was not all good however reflected by Oil's move having a negative impact on the Baltic Dry index which fell intraday 0.3% to 2,173 as rising inputs were factored.

Feature Material:

INSCX listed GO/2 manufactured by Cerion Energy of Rochester NY caught a bid fetching $116.25 on the offer as interest again resurfaced in nano-enabled fuel efficiency solutions. The universal diesel additive has proven an ability to deliver a 10% diesel fuel consumption saving in addition to providing significant harmful emissions reduction and offer a glimmer of hope to modular transport and static users of diesel fuels faced with the prospect of rising bulk diesels.

GOLD:

Reaches an all-time record of $1,431.40 intraday. First line support $1,425/1,420/1421. Resistance: $1432/$1450.

SILVER:

Continues to record levels at $30.70 intraday.

Figures for other metals as of the 4pm close yesterday in London were:

Zinc $2,204.50 v $2,311
Lead $2,320 v $2,330.50
Nickel $23,450 v $23,505
Tin $25460 v $25,450
Billet $500 v $495
Cobalt $36,300 v $39,300
Molybdenum $34,500 v 36,500
Palladium $760 v $748 (14.50pm GMT 7/10)
Platinum $1715 v $1730 (14.50pm GMT 7/10)

Polymers:

PP (MT) $1355 (Global)
LLDP (MT) $1,255 (EU)

Crude:

WTI last @ $90.04 High; $91

Currencies:

EUR/USD 1.3369
GBP/USD 1.579
USD/JPY 82.89

####

About INSCX Exchange
Integrated Nano-Science & Commodity Exchange (INSCX exchange) is a formal commodity exchange trading platform devoted to the structured physical trade of a wide range of Thematic Class Materials (TCMs) including nanomaterials, advanced materials, nano-enabled commodities/composites and more traditional commodities such as metals, grains, products and oils. All physical-delivery material contracts listed on the exchange are sourced (SHE) accredited, compliant and supplied validated and insured. Commodities listed for trade by us range from basic raw nanomaterials (NMs) such as carbons, metal oxides, specialty chemical solids, traditional commodities and high-end, processed goods such as photonics and programmable matter. The exchange is based in the UK operating live trading access within Europe and North America with full global rollout to be made available by 2011. INSCX aims to be the global focal point of emerging trade in nanomaterials, a trade which will be crucial to continuing world prosperity in the 21st century. The deliverable of INSCX is an electronic/voice-brokered commodity trading platform enabling price discovery, trade integrity and conformity to agreed material standards, while providing supports for suppliers and purchasers to enhance the commercial usefulness of nanomaterials. Building on centuries of exchange heritage, INSCX serves the risk management and commercial trading needs of global customers particular to the manufacture, use, application and exchange of engineered nanomaterials, advanced materials and nano-enabled commodities. We are the worlds only source of benchmark cash and forward contracts in alternative commodities covering all eleven Thematic Classes available on any exchange.

Our vision provides the market infrastructure to enable these commodities realise their potential as the alternative, precision engineered materials of the future.

For more information, please click here

Contacts:
General Enquiries: + 44 (0) 161 408 7068
Registration: + 44 (0) 1782 454 144
Legal: + 44 (0) 1782 349 532
Brokerage: + 44 (0) 1782 454 144
Specialist Dealers: + 44 (0) 203 137 5187
Health & Safety: + 44 (0) 1740 625 755
Operations/IT: + 44 (0) 208-816-8870

Email Supports:
General:
Board:
Press:
Order Placing:

Copyright © INSCX exchange

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

New solar power material converts 90 percent of captured light into heat: SunShot Project aims to make solar cost competitive October 29th, 2014

Tiny carbon nanotube pores make big impact October 29th, 2014

Microrockets fueled by water neutralize chemical and biological warfare agents October 29th, 2014

Nanosafety research – there’s room for improvement October 29th, 2014

Announcements

New solar power material converts 90 percent of captured light into heat: SunShot Project aims to make solar cost competitive October 29th, 2014

Tiny carbon nanotube pores make big impact October 29th, 2014

Microrockets fueled by water neutralize chemical and biological warfare agents October 29th, 2014

Nanosafety research – there’s room for improvement October 29th, 2014

Financial Reports

Aspen Aerogels, Inc. Schedules Third Quarter 2014 Earnings Release and Conference Call for November 6, 2014 October 17th, 2014

Nanometrics to Announce Third Quarter Financial Results on October 28, 2014 October 8th, 2014

Harris & Harris Group Letter to Shareholders on Website August 19th, 2014

Arrowhead Reports Fiscal 2014 Third Quarter Financial Results and Provides Update on ARC-520 August 12th, 2014

NanoNews-Digest
The latest news from around the world, FREE





  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More














ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE