Tag: copper price index

Copper MMI: Will the Copper Price Rally Last?

Copper MMI: Will the Copper Price Rally Last? copper-5

The Copper Monthly Metals Index (MMI) fell 4.29% from May to June as the average copper price continued to show short term volatility. Copper prices ultimately rebounded after declining in May. After the start of the month, the copper price index started forming short-term patterns that showed potential upside reversal. However, price action would need […]

Copper MMI: Copper Prices Slide Despite Supply Deficit

Copper MMI: Copper Prices Slide Despite Supply Deficit copper-4

Copper prices continued to slide this past month, although not enough to trigger a downward trend. As lower lows have yet to form, price direction remains uncertain. Copper prices will likely stay within range until a breakout or breakdown in price occurs. Such an event will likely help drive prices in a more established market […]

Copper MMI: Copper Prices Lose Momentum

Copper MMI: Copper Prices Lose Momentum copper-production-at-the-metallurgical-plant-5

Copper prices reacted to short-term resistance and rallied at the beginning of the year. That said, copper prices need to break lows and form a lower high to change the overall trend. Currently, the trend is up, and prices are expected to continue rising. Technical support levels should act as a price floor, giving buyers […]

Copper Price Trends: 2022 Review

Copper Price Trends: 2022 Review Copper metal products. Stack of round, square, hexagonal copper

Looking at 2022 copper price trends, the market was nearly as volatile as metals like nickel and aluminum. Currently, copper prices are attempting to break prior highs but have yet to get there. As copper taps into short-term resistance levels, the possibility of a pullback in price appears more and more likely. Meanwhile, the copper […]

Copper MMI: Copper Prices Bullish as Year’s End Approaches

Copper MMI: Copper Prices Bullish as Year’s End Approaches Copper-MMI-December-1

The Copper Monthly Metals Index (MMI) rose 3.87% from November to December. As with other base metals, copper prices broke out of range to the upside last month as China began to pivot away from zero-COVID. Copper prices rallied to a peak on November 11 before a brief and modest retracement. Shortly after that, prices […]

Copper MMI: Copper Price Moves Sideways Before Starting Rally

Copper MMI: Copper Price Moves Sideways Before Starting Rally Copper-MMI-November-1

The Copper Monthly Metals Index (MMI) moved sideways, with the overall copper price falling 2.0% from October to November. While volatility remains a risk, copper prices traded in a tight range throughout October. In general, prices traded just above the low found in late September. Copper was also among multiple base metals who’s prices move […]

Copper MMI: Copper Prices Move Sideways in Tight Range

Copper MMI: Copper Prices Move Sideways in Tight Range Copper-MMI-October-1

The October Copper Monthly Metals Index (MMI) fell 5.59% from September to October, with all components experiencing declines. Still, future copper prices face a wide range of challenges. Copper prices continue to show signs of short-term consolidation following a brief rebound that stalled in late August. Meanwhile, the bottom found in mid-July and the peak of […]

Copper MMI: Copper Prices Fall to Lowest Since November 2020

The Copper Monthly Metals Index (MMI) dropped 10.69% between June and July. The copper price trend continues to go bearish.Copper price action continues to show massive bear trends and signals further declines.  The continuous breakdown of short-term trading ranges fosters a volatile market. This leaves industrial buyers at risk of inventory value fluctuations. Spike in […]

Copper MMI: LME copper prices slide ahead of Fed rate hike

Copper prices rebounded sharply after declines in early May. While prices continue to find a bottom on a macro scale, they remain sideways in the short term. As a result, copper has been unable to establish a clear direction, either bullish or bearish.The Copper Monthly Metals Index (MMI) fell by 2.89% month over month. Copper […]

Bases metals prices with short term volatility followed by medium term falls

Many metals consumers normally buy if not spot then on a three-to-six-month time horizon. Still others book up to a year out. Those that fix for longer periods often publish annual sales price lists. These companies need to fix input costs to protect margins. However, that too comes at a cost. Of course there is […]

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