New Report: What Falling Oil Prices and Weak U.S. Dollar Mean for Industrial Metals

MetalMiner has just released its January 2019 edition of the Monthly Metal Buying Outlook, in which we explore how the fall in commodities — namely crude oil prices — and the continued weakness of the greenback are driving industrial metals prices.

What Happened Over the Last Month?

According to the report,

  • Both commodities and base metals sectors have been in downtrends over the past month.
  • Crude oil prices fell below the $50/barrel level, signaling a bearish outlook for crude oil. OPEC has tried to shore up oil prices by establishing output cuts and quotas for its members and allies, including Russia.
  • The Institute for Supply Management (ISM) PMI reading for December rose, while the Caixin China Manufacturing PMI fell for the month.

What Does it Mean for Metals in the Near-Term Future?

In the detailed sections of the report, get the drill-down analysis behind trends for base metals and several forms of steel:

  • Read about why aluminum buyers should watch the U.S. Midwest premium.
  • Find out how decreasing stocks on the SHFE may be a key driver of tin prices.
  • Learn the buying strategies that come out of the analyzing the trends — from aluminum all the way down to HRC, CRC, HDG and plate steel.

Read the January report today — Request your two-month free trial (and see a sample report here!) 

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