Still too early for base metals
The outlook for base metals prices continues to be weighed down by the macro-economic environment, and recent comments from the Federal Open Market Committee (FOMC) did not provide any incentive for b…
The outlook for base metals prices continues to be weighed down by the macro-economic environment, and recent comments from the Federal Open Market Committee (FOMC) did not provide any incentive for b…
Sept. 16-20 at a Glance- Copper — Chinese production rises, but net imports remain strong.- Aluminum — Company share-price declines highlight poor demand, while primary production rises.- Nickel — …
Sept. 9-13 at a Glanceo Copper — The large net short could enable a rally on a sustainable basis if the economy improves.o Aluminum — U.S. demand data are still weak but show possible early signs of…
Assuming that the ISM is a leading indicator of IP and base metal prices, the prospects for an improving economic environment (hence rising metal demand) and stronger metal prices from current levels …
The pressure on metals prices lifted over the report period Aug. 19-23, thanks to a more positive tone in U.S. equity markets. The recent signs of stabilization in metals are not surprising given the …
Aug. 12-16 at a Glance- Copper prices remain more cushioned on the downside, owing to a shortage of raw materials, but a test of the January low of US$1,434 per tonne is still likely in the current en…
Aug. 5-9 at a glance- Copper prices have failed to gain from any risks associated with fund short-covering and remain in the crucial support area of US$1,500 per tonne.- Aluminum has found good suppor…
July 29-Aug. 2 at a Glance- Copper prices were heavily oversold and funds were close to their limits on the short side. Consequently, support at US$1,495-1,500 per tonne should hold, though upside pot…
Metals prices continued to move in lock step with equity market indices for the time being. This is not the usual picture in the early stages of an economic upturn. Weak equity markets have not hamper…
Base metals prices fell sharply during the report period July 15-19, erasing most of the gains made in aluminum and copper since the rally of late May and early June. However, the LME index of all bas…
While the main global themes of collapsing equity markets and dollar weakness continue to dominate the headlines, it is perhaps not surprising that some positive developments in base metals raw materi…
Base metals markets traded sideways in thin volumes during the report period July 1-5 as U.S. stock markets and the U.S. dollar regained some poise.A more stable outlook for U.S. financial markets wou…
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