October Price Trends Report: No Bottom Yet For Most Sub-Indexes

MM-IndX_TRENDS_Chart_October-2015_FNLThis month our MetalMiner IndX saw prices fall even further from what were all-time lows for many of our sub-indexes in September. Only relatively specialized renewables and grain-oriented electrical steel saw their prices rise in October.

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Still, there have been some price movements, such as copper’s recent rise, since the first of the month that might be harbingers of a market turnaround. If the October MMI is an entry into the sub-sub-basement of base metal prices (September was the sub-basement), there’s still as good a chance they could fall further below grade. Stay tuned for signs of a real bottom.


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