While inventory levels serve as an interesting measure for fundamental analysis, that measure remains irrelevant for the short term. But when inventory levels change dramatically and over a longer time frame, they can have both an impact on price and also reflect more profound changes within the market. Ultimately, if not immediately, those factors could […]
Category: Inventory Stock Levels
Could we be seeing a re-run of the 2007 nickel market?
Or so asks an interesting post in Reuters last week regarding the nickel market. Back in 2007, nickel stocks had plummeted while prices rocketed. Today, we also have plummeting stocks and a rocketing price. Inventory does not appear as low today as in 2007, yet, nor has the price exceeded $24,000 per metric ton. In […]
Week in Review: Aluminum prices move sideways; GM announces rare earth magnet collaboration; copper prices consolidate
Before we head into the weekend, let’s take a look back at the week that was and some of the metals coverage here on MetalMiner, including coverage of aluminum prices, a General Motors collaboration with MP Materials aimed at developed a fully integrated U.S. rare earth magnet supply chain and much more: See why technical […]
Week in Review: US steel capacity utilization; European steel; copper market shift
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner: The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Week in Review, April 5-9 (steel capacity utilization, […]
Census Bureau, HUD: December housing starts up 16.9%, highest since 2007
December proved to be a fruitful month for U.S. housing starts, which reached their highest level since 2007. The new data came the same day the Federal Reserve reported manufacturing production had ticked up slightly in December. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Housing […]
LME Makes Measured Changes to Warehouse Rules, Reporting
To an external viewer, the wheels can appear to grind slowly at the world’s oldest metal exchange. But the years have taught the London Metal Exchange about the danger of hasty rule changes — often made for the best of intentions, such changes can lead to unexpected consequences. Keep up to date on everything going […]
Is the LME Warehouse System in Crisis?
Never let it be said that metals markets are not dynamic (and I am not talking about metals prices). Need buying strategies for steel? Try two free months of MetalMiner’s Outlook After the financial crisis, the one area of the market that was making money was the stock and trade financiers, plus the warehouse companies […]
High China Iron Ore Port Stocks Not the Whole Story
Not surprisingly, any discussion of iron ore prices in top consumer China inevitably involves some reference to import stock inventory. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook So when Reuters reports that the Dalian commodity exchange May iron ore contract price touched a low of 475.50 yuan per ton this […]
