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.
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: