In recent weeks, leading up to the end of the month, indices like the S&P500 and metals like silver and gold began to run out of steam. The impetus for […]
Category: Macroeconomics
Precious Metals MMI: Precious Metal Prices Like Gold and Silver Could Reverse
Month-over-month, the Precious Metals MMI (Monthly Metals Index) witnessed almost no movement and narrowly missed trading flat. Indeed, the index remained sideways, only dropping by a slight 0.11%. That said, […]
Stainless MMI: Stainless Inventories High, Mill Lead Times Low as Base Prices Hold Firm
The nickel price index continued to trend downward, as it fell to its lowest level since July 2022 by mid-September. Following an over 7% decline during August, prices fell nearly […]
Renewables MMI: Grain-Oriented Electrical Steel Prices Skyrocket
Month-over-month, the Renewables MMI (Monthly Metals Index) ended up dropping significantly by 11.16%. The main culprit for this was cobalt prices dropping significantly in August, despite prices flattening again in […]
Construction MMI: Falling Chinese Imports Weigh on Construction, Steel Prices
The Construction MMI (Monthly Metal Index) rose for the first time in five months, welcoming a 3.97% increase. However, this rise could prove deceiving as the index still faces numerous […]
Platinum’s Dramatic Reversal: Are Precious Metals Prices Poised for a Resurgence?
Since late spring, platinum prices have seen significant downward movements. Crushed by bearish price action, prices have since declined by as much as 14%. At $950 / oz, platinum breached […]
Is China’s Undeniable Slowdown Leading It and Metal Prices into Deflation?
Many speculate that China’s slowdown will not only undermine metal prices but also put China at risk of experiencing a Japan-style decade of deflation. A recent Financial Times article suggests […]
Global Precious Metals MMI: Precious Metal Prices Drop Below Support Zones
The Global Precious Metals MMI did not deviate far from its ongoing sideways trend. Indeed, since April, the index has continued to stay within a tight trading range without much […]
China’s Imports of Refined Copper Hit Four-Year Low
In the first half of 2023, China’s intake of refined copper saw the biggest drop in four years. The news underscores the current deceleration of the nation’s manufacturing sphere. China […]
Construction MMI: Chinese Manufacturing Still Slumping, Impacting U.S. Construction
The Construction MMI (Monthly Metals Index) continues to experience pressure from both sides amid conflicting global construction news. For instance, U.S. scrap steel prices recently dropped due to more vehicles […]