Recovery in the air
During the Feb. 4-10 report period, we witnessed a serious test of nerves in metals markets.In the base metals sector, copper prices maintained a narrow range in the highest trading area since June 20…
During the Feb. 4-10 report period, we witnessed a serious test of nerves in metals markets.In the base metals sector, copper prices maintained a narrow range in the highest trading area since June 20…
Antimony: Mid-mkt US$1,125/t.Bismuth: Mid-mkt US$3.25/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.95-7.40/lb.Copper: Comex Mar. US$0.7325/lb.
Antimony: Mid-mkt US$1,090/t.Bismuth: Mid-mkt US$3.25/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.95-7.60/lb.Copper: Comex Mar. US$0.699/lb.
Metals prices traded in buoyant fashion for most of the report period Jan. 21-25, feeding off unexpectedly good economic data and strong technical indicators. Weakness crept in late on Jan. 25, pushin…
The decline over the Jan. 14-18 period in base metals has highlighted the extent to which markets heralded the new year with over-optimistic expectations akin to a false dawn.Large price increases and…
Against most expectations, including our own, base metals have opened the year in buoyant mood. Early in the report period Jan. 7-11, they sparked sharply higher in response to fresh buying by commodi…
Base metals enjoyed a mixed opening to the new year (report period Jan. 2-4). Two of the less-fashionable metals, lead and zinc, saw sizable mid-week rallies and closed strongly on Jan. 4. In contrast…
Base metals continued to shed value during the report period Dec. 10-14 as the markets eased back following the technical rally of late November.Nickel was the big loser, shedding 8.1% of its average …
As expected, base metals fell sharply during the period Dec. 3-7. Moreover, after breaking through key technical levels and closing poorly at the end of the week, further declines look probable in the…
Base metals prices put in a mixed performance during the report period Nov. 26-30, driven by further production cuts and by differing responses to Enron’s troubles (see editorial, page 4). Copper, whi…
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 4Dec. 3Nov. 30Nov. 29Nov. 28Aluminium…
Antimony: Mid-mkt US$1,225/t.Bismuth: Mid-mkt US$3.40/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.50-7.50/lb.Copper: Comex Dec. US$0.7035/lb.
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