(Editor’s note: This is the first of a two-part series examining Chinese flat-rolled steel prices. The first part examines historical steel price trends. The second part, which will be published Tuesday, will cover the economic outlook for China.) Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Chinese steel prices started to […]
Category: Metal Prices
The June 2019 MMI Report: Eight of 10 MMIs Post Declines
The June 2019 Monthly Metals Index (MMI) report is in the books. June proved to be a down month for most of the MMIs, with eight of 10 posting declines. Only the Rare Earths and Renewables MMIs posted increases this month. Across the board, metals prices fell last month, including U.S. steel prices. A few […]
Week in Review: MMI Week, U.K.’s Auto Sector and E-Rickshaws
Before we head into the weekend, let’s take a look at the week that was and some of the metals storylines here on MetalMiner: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook We wrapped up our June Monthly Metals Index (MMI) series, this week with posts on: Aluminum Copper Rare […]
Renewables MMI: Plate Prices Fall, Glencore Enters Cobalt Supply Agreement
The Renewables Monthly Metals Index (MMI) ticked up one point this month, rising to a June MMI value of 102. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Glencore, Umicore Reach Cobalt Supply Agreement As we reported last month, miner Glencore reached an agreement with Umicore in which it would supply […]
Raw Steels MMI: Weak U.S. Prices Lead Subindex Drop
The Raw Steels Monthly Metals Index (MMI) came in at 76 this month, a 5% drop, after several months of sideways movement and a May reading of 80. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. steel prices formed a clear downward price trend. A mix of factors led […]
Stainless MMI: LME Nickel, Stainless Surcharges Fall Back
The Stainless Steel Monthly Metals Index (MMI) dropped two points again this month, now down to 67. The index stayed relatively flat during the past few months since jumping in February from 61 to 68. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Several prices in the index dropped significantly […]
Global Precious MMI: Platinum-Palladium Price Spread Widens
The Global Precious Monthly Metals Index (MMI) fell one point for a June MMI reading of 93, marking the third consecutive month of decline for the MMI. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Platinum-Palladium Spread Contrary to historical trends, the palladium price has soared past the platinum price […]
Rare Earths MMI: China’s Rare Earths Dominance Takes Center Stage
The Rare Earths Monthly Metals Index (MMI) picked up three points, rising to a June MMI value of 22. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China’s Rare Earths In light of last month’s developments in the long-running U.S.-China trade talks, MetalMiner’s Stuart Burns delved into what could be a […]
This Morning in Metals: LME Announces Next Steps Toward LME Contract
This morning in metals, the London Metal Exchange announced a new partnership that aims to promote “market uptake of a transparent and representative global lithium price,” President Donald Trump backs off imposing a 5% tariff on all imports from Mexico and China’s May copper imports dropped. Need buying strategies for steel? Request your two-month free […]
Copper MMI: Global Supply Deficit Outweighed by Macroeconomic Uncertainty
This month’s Copper Monthly Metals Index (MMI) reading for copper dropped to 73 from last month’s reading of 78, the new low for the year. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME copper prices continued to trend downward, but technically still remain in a long-term bull market. […]