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According to Nikkei: Aisin Seiki has resumed some production at its Kumamoto plant after a shutdown.On August 3, Premier Li Qiang signed a State Council decree promulgating the revised "Regulations on the Protection of Integrated Circuit Layout Designs," which will take effect on October 15, 2026. The Regulations aim to protect the exclusive rights to integrated circuit layout designs, encourage technological innovation in integrated circuits, and promote scientific and technological development. The Regulations consist of 6 chapters and 54 articles, with the main revisions as follows: First, clarifying overall requirements. The regulations stipulate that the protection of integrated circuit layout designs should implement the Party and the States intellectual property strategy, expand the scope of protection, and emphasize honesty and good faith. Second, improving application and examination procedures. The regulations regulate false applications, refine material requirements, improve rejection and revocation procedures, and add a rights restoration procedure. Third, strengthening the protection of exclusive rights. The regulations clarify the standards for defining the scope of rights and increase the amount of compensation for infringement. Fourth, promoting the application of layout designs. The regulations strengthen public services, clarify reward measures, improve requirements for transfer, licensing, and pledge, and regulate the exercise of rights by co-owners.Nissan CEO: We are evaluating production plans to determine how quickly we can make up for these production losses.Futures News, August 3rd: LME nickel opened lower today, with attention focused on the support level around $17,000. In refined nickel, SHFE nickel fluctuated and closed lower in the afternoon. Current spot market sales are moderate, with some users taking small-scale orders, but overall procurement is limited, and some continue to observe the market. For nickel briquettes, a small amount of supply was released again, with prices slightly discounted. Regarding nickel pig iron, our website quoted nickel pig iron (8-12%) at 1150-1160 yuan/nickel point and nickel pig iron (7-10%) at 1140-1150 yuan/nickel point, unchanged. Recent supply reductions have provided price support, while increased downstream production may support improved demand. In stainless steel, futures continued their rebound, with the main contract approaching the 14,700 yuan level again. In the spot market, short-term cost support is not weak, but actual consumption is generally weak. Some cautious analysts believe that upward price momentum seems limited, but with steel mills maintaining their price stance recently, it may support the market trend. Short-term market speculation continues. Overall, the RMB exchange rate against the US dollar has risen to a three-year high, providing support for price trends. Although domestic demand is generally weak in the short term, in the long term, green transformation, electrification, and the artificial intelligence industry will help boost additional demand for this metal, which has wide applications in the power and construction sectors. Some market participants hold a bullish view. (Shanghai Metals Network)Nissans CFO: If the yen remains at its current level, the forecast for this fiscal year may have some room for upward movement due to foreign exchange factors.

Silver price analysis: XAG/USD declines from a 13-day-old resistance line below $21.00

Daniel Rogers

Mar 13, 2023 11:37

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Silver price (XAG/USD) maintains modest gains near $20.60 as it probes the metal's retreat from a key short-term resistance line on Monday morning. Despite this, the XAG/USD maintains its three-day winning trend and extends yesterday's recovery from the lowest levels since November 4, 2022.

 

Nonetheless, the impending bear cross on the MACD and the bullion's inability to remain above the 200-SMA, not to mention the failure to cross a two-week-old resistance line, give Silver price bears reason for optimism.

 

Consequently, the bullion remains on track to retest the two-week-old horizontal support zone close to $20.40. However, the metal's further decline may make it difficult to break the $20.00 psychological magnet.

 

The focus will then shift to the monthly low of $19.95 and the November 2022 low around $18.85.

 

On the contrary, recovery movements remain elusive unless the XAG/USD remains below the downward-sloping resistance line from late February, around $20.90 at the latest. The $21.00 round number also functions as an upside filter.

 

The previous week's high near $21.30 may serve as the last line of defense for the XAG/USD skeptics if Silver purchasers maintain control above $21.00.