...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
Aluminium Having found technical support from the 200...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
The high-grade seaborne iron ore index rose to $107.30 per tonne cfr on Tuesday January 7, with market participants attributing the increase to healthy demand from steelmakers in China.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $95.11 per tonne, down $0.50 per tonne62% Fe Pilbara Blend fines, cfr Qingdao: $94.20 per tonne, down $0.50 per tonne62% Fe low-alumina fines, cfr Qingdao:...Read More
Copper spooked by geopolitical tensions A...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
US-China trade deal should herald...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...Read More
Short-term price direction uncertain... While we remain positive...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 do...Read More
Tin starts the year...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...Read More
Trade deal optimism negated by geopolitical...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 iss...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 three-month nickel price on the London Metal Exchange was lower during morning trading on Wednesday January 8, with prices retreating below the $14,000-per-tonne threshold, while further outflows failed to support aluminium's outright price.Nickel's underlying price on the LME was recently seen at $13,845 per tonne, easing from a morning high of $13,935 per tonne.Turnover in LME nickel was hig...Read More
U.S. equity index futures were higher this morning despite missile attacks by Iran against U.S. troop locations in Iraq. S&P 500 futures were up 7 points in pre-opening trade. President Trump is scheduled to comment later this morning.Index futures moved slightly higher following release of the December ADP Employment Report at 8:15 AM EST. Consensus was 150,000 versus a gain of 67,000 in Nove...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade. Index futures were virtually unchanged following release of the November Trade report at 8:30 AM EST. Consensus was a deficit of $43.60 billion versus a deficit of $47.20 billion in October. Actual was a deficit of $43.1 billionThe Canadian Dollar was virtually unchanged at U.S. 77.00 cents...Read More
China's hot-rolled coil prices edged up on Wednesday January 8 on rising futures, with exporters sticking to their offers.DomesticEastern China (Shanghai): 3,880-3,920 yuan ($558-564) per tonne, widened upward by 10 yuan per tonneNorthern China (Tangshan): 3,630 yuan per tonne, up 10 yuan per tonneA trader in Shanghai said that the gains in the futures market improved investor sentiment, which bol...Read More
China's domestic rebar prices did not budge despite further gains in the futures market on Wednesday January 8. Eastern China (Shanghai): 3,680-3,710 yuan ($529-534) per tonne, unchanged Northern China (Beijing): 3,540-3,570 yuan per tonne, unchangedThe strength in the futures market failed to stimulate buying interest and spot prices during the day. Buyers kept their procurement rates low on expe...Read More
Most of the base metals traded on the Shanghai Futures Exchange ended the morning trading session on Wednesday January 8 in positive territory despite tensions in the Middle East flaring again after Iran fired more than a dozen missiles at two bases in Iraq that house United States troops.Iran's foreign minister, Javad Zarif, announced via social media platform Twitter following the attack that "w...Read More
Dear Reader,Whenever despair slumps our shoulders and the sorrows of the world gnaw our liver… we can rely on CNBC to bring us up:"Latest Data Show the Economy Ended 2019 on a Strong Note, Putting Recession Fears to Bed."Thus we are caressed, soothed, cheered, lifted.And mortified.When fear goes to bed… we vault instantly up from our own, hemorrhaging icy sweat.That is because danger i...Read More
Over the past century, monetary systems change about every 30 to 40 years on average. Before 1914, the global monetary system was based on the classical gold standard.Then in 1945, a new monetary system emerged at Bretton Woods. I was at Bretton Woods this past summer to commemorate its 75th anniversary.Under that system, the dollar became the global reserve currency, linked to gold at $35 per oun...Read More
Dear Reader,Gold spiked after last Friday's drone strike that took out a top Iranian military official and is trading at seven-year highs.Yes, the news was dramatic and made a major impact. But geopolitics is just one factor driving gold. Even without the latest geopolitical tensions, gold is poised for a historic run.The first two major gold bull markets were 1971-80 and 1999-2011. Today, gold is...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More