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Servotronics Inc V.SVT


Primary Symbol: SVT

Servotronics, Inc. develops and manufactures servo controls and other components for various commercial and government applications, including aircraft, jet engines, missiles, manufacturing equipment and other aerospace applications. The Company's Advanced Technology Group (ATG) segment designs, manufactures, and markets a variety of servo-control components, which convert an electrical current into a mechanical force or movement and other related products. Its servo-control components produced include torque motors, electromagnetic actuators, hydraulic valves, pneumatic valves, and similar devices. Its operating facilities are located in Elma and Franklinville, New York. The Company’s products are marketed and sold throughout the United States and in selected foreign markets.


NYSEAM:SVT - Post by User

Bullboard Posts
Post by petunia1on Oct 03, 2017 12:42pm
58 Views
Post# 26771034

Zinc Hits 10 Yr. High Second Day on China Woes

Zinc Hits 10 Yr. High Second Day on China Woes
https://dailym.ai/2fIk6x6

 
 

Zinc hits 10-year high for second day on China output woes

 

 
 
 
 
 

 

 

By Jan Harvey

LONDON, Oct 3 (Reuters) - Zinc hit 10-year highs for a second day on Tuesday, reversing earlier losses, as worries over production outages in China pushed up prices, while London Metal Exchange inventories posted another decline.

Prices of the metal used in galvanising steel rose for a fourth straight session as speculators bet environmental inspections would hit output in China.

"It does sound as though the authorities in China are quite serious about this anti-pollution drive," Capital Economics analyst Caroline Bain said.

"(Zinc) is definitely, of the base metals, one of the tightest," she said. "We saw China's imports of refined metal go up strongly in the last two months, and its production of refined metal has fallen slightly so far this year."

Lead also rose to its highest since August 2011.

* ZINC PRICES: Three-month zinc on the London Metal Exchange touched its highest since August 2007 at $3,292 a tonne, before easing back to close at $3,264 a tonne, up 0.9 percent.

* CHINA SHUTDOWNS: About 60 percent of lead-zinc mines were undergoing month-long shutdowns during environment inspections in Sichuan province.

* ZINC STOCKS: LME zinc inventories <MZNSTX-TOTAL> fell by another 1,025 tonnes, data on Tuesday showed, bringing the decline so far this year to 64 percent. One party controlled 50-80 percent of those stocks <0#LME-WHL>, LME data showed.



Read more: https://www.dailymail.co.uk/wires/reuters/article-4943972/Zinc-hits-10-year-high-second-day-China-output-woes.html#ixzz4uSq00azs 
Follow us: @MailOnline on Twitter | DailyMail on Facebook

 
 

Zinc hits 10-year high for second day on China output woes

 

 
 
 
 
 

 

 

By Jan Harvey

LONDON, Oct 3 (Reuters) - Zinc hit 10-year highs for a second day on Tuesday, reversing earlier losses, as worries over production outages in China pushed up prices, while London Metal Exchange inventories posted another decline.

Prices of the metal used in galvanising steel rose for a fourth straight session as speculators bet environmental inspections would hit output in China.

"It does sound as though the authorities in China are quite serious about this anti-pollution drive," Capital Economics analyst Caroline Bain said.

"(Zinc) is definitely, of the base metals, one of the tightest," she said. "We saw China's imports of refined metal go up strongly in the last two months, and its production of refined metal has fallen slightly so far this year."

Lead also rose to its highest since August 2011.

* ZINC PRICES: Three-month zinc on the London Metal Exchange touched its highest since August 2007 at $3,292 a tonne, before easing back to close at $3,264 a tonne, up 0.9 percent.

* CHINA SHUTDOWNS: About 60 percent of lead-zinc mines were undergoing month-long shutdowns during environment inspections in Sichuan province.

* ZINC STOCKS: LME zinc inventories <MZNSTX-TOTAL> fell by another 1,025 tonnes, data on Tuesday showed, bringing the decline so far this year to 64 percent. One party controlled 50-80 percent of those stocks <0#LME-WHL>, LME data showed.



Read more: https://www.dailymail.co.uk/wires/reuters/article-4943972/Zinc-hits-10-year-high-second-day-China-output-woes.html#ixzz4uSq00azs 
Follow us: @MailOnline on Twitter | DailyMail on Facebook
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