A year and a half ago, I took aim at a story first reported in the New York Times touting the benefits of the “slow steam initiatives as put in place by leading shippers. “Slow steam refers to the shipping industry initiative designed to slow down ships to create greater fuel savings, as well as [...]
Copper does not seem to know which way to turn. The price fell on Wednesday just as it seemed to have hit a steady trend. The FT reported Chinese buyers have been back in the market of late, buying on dips in a manner not seen this year. Since the start of the year, they [...]
by Taras Berezowsky on July 26, 2011
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Category: Commodities, Inventory Stock Levels, Macroeconomics, Metal Prices, Non-ferrous Metals, Supply & Demand
Keywords: Aluminum, LME, Non-ferrous Metals, Oil, Zinc
Continued from “Commodity Review and Second-Half Outlook – Part One”: Aluminum, Zinc and the LME Although aluminum by some standards has been in the dumps lately (i.e. throughout Q2), we can encapsulate much of the light metal’s activity to the LME warehousing issue. Even though the LME has just doubled the amount of tonnage that [...]
MetalMiner welcomes guest commentator Trevor Stansbury, President of Supply Dynamics. Supply Dynamics is the leading provider of material consolidation solutions known as “Material Demand Aggregation. We invited Trevor to comment on a piece recently written by Stuart Burns, Aerospace Booming, Supply Chain at Risk. As always, Stuart has done a great job characterizing the current [...]
Perhaps it isn’t a surprise that at the first panel of Harbor Aluminum’s Outlook conference here in Chicago, China played a big role. But China didn’t overshadow the fundamental keystones to good intelligence and analysis that Jorge Vazquez and his team at Harbor provide, especially with the Detroit LME-approved warehouses making news the past couple [...]
We wrote on several occasions earlier this year predicting that the copper market would be coming off amid widespread concerns that China’s economy, and by extension, the rest of Asia’s, was slowing and that high stocks would reduce Chinese copper imports this year. We can’t claim exclusivity in that prediction; various other metals analysts also [...]
A bit of a lesson in supply chain management of sorts is under the microscope in the aluminum market these days. And it seems to center on the Motor City. The ‘supply chain’ issue the terribly long wait times for loading out the physical metal from Detroit-based LME warehouses, as reported by Reuters’ Andy Home. [...]
LME metal prices have not fallen across the board in recent days, and while relative minor dollar strength has played its part, a much bigger factor is fear of slowing metals demand, both in China and from stuttering US and European markets a general risk of attitude from speculators is the order of the day. [...]
