Aluminium The LME aluminium price produced a fresh April low on Monday this week, and traded at $1,866 per tonne. Sellers were in complete control and the lack of buying pressure means that, technically, more downside can be expected from aluminium prices in the short term. That said, both the daily RSI and stochastic lines have reached oversold territory and there is a chance that the retest...Read More
Higher premiums coming, but it has...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soo...Read More
Glass half empty for lead,...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it&...Read More
Fastmarkets is holding its second annual Battery Materials...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download...Read More
Price correction unfolding, as expected... While...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lates...Read More
Zinc price consolidates around $2,900 per...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue...Read More
ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More
Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
The London Metal Exchange three-month base metals prices are generally subdued this morning, averaging up 0.2% while trading volume is considerably lower at 5,790 lots as of 06:23am London time on Tuesday April 9. While the United States and China trade negotiations are grinding closer to a positive conclusion, the Trump administration is considering imposing additional tariffs of $11 billion...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points in pre-opening trade. Apple (AAPL $200.10) is expected to open higher after Wedbush raised its target price to $225 from $215.Walt Disney (DIS $114.96) added $0.91 to $115.87 after Cowen upgraded the stock to Outperform from Market Perform. Perkin Elmer gained $2.29 to $102.00 after Goldman Sachs upgraded the...Read More
Here are five Fastmarkets MB stories you might have missed on Friday April 5 that are worth another look.Brazil's federal court in Bel?(C)m, in the northern state of Par??, has scheduled a second conciliatory hearing for Friday April 12 to discuss the production embargo of Norsk Hydro's Alunorte alumina refinery.Electricity cuts in Taiwan in May and June, along with ample offer...Read More
Steel billet prices fell slightly in most regions in the week ended Friday April 5, due to sluggish trading activity, public holidays and upcoming general elections.Billet prices in the Commonwealth of Independent States (CIS) and Turkey dipped amid thin trading volumes and falling scrap prices.Fastmarkets' daily index for Northern Europe-origin HMS 1&2 (80:20) scrap, the feedstock for billet manu...Read More
Steel billet prices fell slightly in most regions in the week ended Friday April 5, due to sluggish trading activity, public holidays and upcoming general elections.Billet prices in the Commonwealth of Independent States (CIS) and Turkey dipped amid thin trading volumes and falling scrap prices.Fastmarkets' daily index for Northern Europe-origin HMS 1&2 (80:20) scrap, the feedstock for billet manu...Read More
Here are five Fastmarkets MB stories you might have missed on Friday April 5 that are worth another look.Brazil's federal court in Bel?(C)m, in the northern state of Par??, has scheduled a second conciliatory hearing for Friday April 12 to discuss the production embargo of Norsk Hydro's Alunorte alumina refinery.Electricity cuts in Taiwan in May and June, along with ample offer...Read More
Here are five Fastmarkets MB stories you might have missed on Friday April 5 that are worth another look.Brazil's federal court in Bel?(C)m, in the northern state of Par??, has scheduled a second conciliatory hearing for Friday April 12 to discuss the production embargo of Norsk Hydro's Alunorte alumina refinery.Electricity cuts in Taiwan in May and June, along with ample offer...Read More
Progress in US-China trade negotiations over the weekend helped push up base metals prices on the London Metal Exchange in early morning trading on Monday April 8. Further progress on US-China trade negotiations was reported over the weekend by Chinese state media CCTV. The overall tone was positive, with CCTV claiming that both sides are working on a draft to address technology transfers, pr...Read More
Following is a link:http://www.equityclock.com/2019/04/05/stock-market-outlook-for-april-8-2019/Note seasonality charts on the VIX Index, U.S. Energy sector, Non-farm Payrolls and Canadian Employment. WALL STREET RAW RADIOSATURDAY, APRIL 6, 2019WITH YOUR HOST, MARK LEIBOVITSPECIAL GUESTS: DON VIALOUX, HARRY BOXER, SINCLAIR NOE AND RALPH CASE http://tinyurl.com/y42lrt3r Excerpts fr...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Copper's three-month price on the London Metal Exchange depreciated at the close of trading on Friday April 5, falling by just under 2% over the week and dipping below $6,400 per tonne during the afternoon session amid low volumes and a surging US dollar index. Similarly, Thursday's delivery of more than 30,000 tonnes into LME-listed warehouses across Europe and Asia helped boost copper's dwindlin...Read More
The price of copper in the United States was in negative territory in morning trading on Friday April 5 because of reservations about the China-US trade talks.The copper price for May settlement on the Comex division of the New York Mercantile Exchange inched down by 0.30 cents per lb to $2.9070 per lb.Talk of a trade deal had boosted sentiment across the commodities markets, including among the b...Read More