Global Metal Markets Seeing Prevalent Decline in Price Trends

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What a difference one month makes.

Back in April, MetalMiner was reporting that commodity price volatility was alive and well, and while that long-term trend over the past year or more still generally holds, we’re seeing a new prevalent trend emerging in this second quarter of 2013.

Source: MetalMiner IndX℠

Eight of MetalMiner’s 10 MMIs (more on what goes into those indexes here) dropped from April to May, and two held steady. Not a single index increased over the month. In fact, one can see the steady yet unmistakeable declining trend for metal commodities in this chart. See the full one-year trends chart here.

“Ultimately, any rise in prices will come from increased demand and for that, MetalMiner remains skeptical of a better performing second half of 2013 vs. the first half,” writes Lisa Reisman, MetalMiner’s managing editor, in the May MMI analysis. So what to do with this information if you’re a metal buyer?

Download the complete Monthly MMI® Report for May 2013 below:

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