Search ForexCrunch

Analysts at TD Securities explained the current conditions surrounding the commodities.

Key Quotes:

  • “Zinc rallies amid stronger fundamentals and as global inventories continued to draw, while sources of new supply show signs of delays.
  • Energy markets, led by heating oil and Brent crude, continued to strengthen as sanctions on Iran approach, while signs emerge that Middle Eastern tensions could come to a boil.
  • Copper declined, despite inventory draws, amid weakening demand sentiment and a fragile CNY.
  • Nickel underperformed the commodities complex, as it struggles to regain its “electrified” status given growth concerns in China.”