Chinese H-beam steel finished as the week’s biggest mover on the Construction MMI® with a 3.2 percent price decline. The Chinese low price of 62% Australian iron ore fines fell 1.9 percent over the past week. This was the third week in a row of declining prices. US shredded scrap and Chinese rebar prices also fell.
Dropping 0.6 percent on the LME, the aluminum cash price was the biggest mover on May 22, 2012 on global aluminum markets, closing at $2,003 per metric ton. The 3-month LME price of aluminum weakened by 0.5 percent, settling at $2,045 per metric ton. The cash price of primary Indian aluminum showed little movement on [...]
Chinese copper wire saw a 1.6 percent increase on May 22, 2012, making it the biggest upwards shift of the day on global copper markets. The price of Chinese bright copper scrap finished the market day up one percent. Chinese copper bar saw its price rise 0.1 percent. The cash price of Chinese copper inched [...]
On May 21, 2012, Chinese copper wire rose 1.2 percent to finish as the day’s biggest mover on global copper markets. Chinese copper bar finished the day up one percent. The Chinese copper cash price inched up one percent as well, while Chinese bright copper scrap stayed flat at around between $7,500 and $7,750 per [...]
The aluminum cash price saw the biggest upwards shift for the day on global aluminum markets, rising 1.5 percent on the LME to close at $2,016 per metric ton on May 21, 2012. The LME aluminum 3-month price inched up 1.1 percent to $2,055 per metric ton. Shifting to Asian markets, the Indian aluminum cash [...]
All of what we covered in Part One — the threat resource nationalism poses to metal prices, supply chain and commodity risk management — begs the question: will metal export bans achieve the desired outcome on behalf of these governments seeking to implement them? Will these countries successfully attract outside investment in processing smelters? Can they [...]
With a decline of two percent on May 18, 2012, the cash price of Japanese primary copper recorded the biggest shift of the day in global copper prices. The price of US copper producer grade 110 fell 0.2 percent; the US copper producer grade 102 price also declined 0.2 percent. The price of US copper [...]
On May 18, 2012, the day’s biggest mover was the Indian primary aluminum cash price, which saw a 2.4 percent increase to close out the week. On the LME, the cash price of primary aluminum declined 0.4 percent to $1,987 per metric ton. Also on the LME, the primary aluminum 3-month price saw little change [...]