Tag: L1

Aluminum MMI: SHFE, LME arbitrage influenced by weaker U.S. dollar

Aluminum MMI: SHFE, LME arbitrage influenced by weaker U.S. dollar

The Aluminum Monthly Metals Index (MMI) increased by 2.4% for this month’s MMI value. Want more from MetalMiner? We offer exclusive analyst commentary in our weekly, monthly, or quarterly updates – all metals, no sales fluff. Sign up today. SHFE, LME arbitrage LME and SHFE aluminum prices traded sideways this past month. The LME price […]

U.S. steel sector capacity utilization rate rises two percentage points

U.S. steel sector capacity utilization rate rises two percentage points

After dipping two weeks ago, the U.S. steel sector’s capacity utilization rate for the week ending Sept. 5 bounced back. Steel mills produced at a rate of 63.7% during the week ending Sept. 5, 2020, according to the American Iron and Steel Institute (AISI). The rate marked an increase from the 61.7% recorded the prior […]

India’s economy struggles as coronavirus cases rise

India’s economy struggles as coronavirus cases rise

India faces a dilemma — the country has the second-highest coronavirus caseload in the world at 4.2 million people and its economy is struggling. India overtook Brazil this week, as it reported a record 90,000+ new cases on Saturday and nearly 92,000 on Sunday. Yet, despite surging infections, India desperately needs to get its economy […]

Construction MMI: U.S. construction spending flat in July

Construction MMI: U.S. construction spending flat in July

The Construction Monthly Metals Index (MMI) gained 2.6% for this month’s MMI reading. We’re offering timely emails with exclusive analyst commentary and some best practice advice – and you choose how often you receive it. Sign up here. U.S. construction spending U.S. construction spending in July checked in at a seasonally adjusted annual rate of […]

Automotive MMI: With fewer selling days, August 2020 U.S. sales decline

Automotive MMI: With fewer selling days, August 2020 U.S. sales decline

The Automotive Monthly Metals Index (MMI) rose 4.7% for this month’s reading. We’re offering timely emails with exclusive analyst commentary and some best practice advice – and you choose how often you receive it. Sign up here. U.S. automotive sales Among automakers still reporting sales on a monthly basis, Honda reported its August sales fell […]

U.S. steel sector capacity utilization rate dips to 61.7% last week

U.S. steel sector capacity utilization rate dips to 61.7% last week

After a long stretch of weekly increases, the U.S. steel sector’s capacity utilization rate fell last week. According to the American Iron and Steel Institute (AISI), U.S. steel mills produced at a capacity utilization rate of 61.7% for the week ending Aug. 29. The rate marked a decline from the 63.0% recorded for the week […]

July auto sales in China jump 16.4% year over year

July auto sales in China jump 16.4% year over year

Further illustrating China’s economic recovery efforts, July auto sales in the country jumped 16.4% year over year, according to the China Association of Automobile Manufacturers (CAAM). China’s auto sales have posted four straight months of year-over-year gains. The streak followed weak sales in March, when they fell 43.3% year over year. However, July sales did […]

World Steel Association: Global steel output drops 2.5% in July

World Steel Association: Global steel output drops 2.5% in July

Despite China’s ramping up of its steel output, global steel output declined in July 2020. According to the most recent reporting from the World Steel Association, global crude steel production fell 2.5% in July on a year over year basis. Production for the month totaled 152.7 million metric tons, according to the World Steel Association. […]

ILZSG: Global lead, zinc supplies post surpluses through first half of 2020

ILZSG: Global lead, zinc supplies post surpluses through first half of 2020

The global lead and zinc markets posted supply surpluses during the first half of the year, the International Lead and Zinc Study Group (ILZSG) reported late last week. See why technical analysis is a superior forecasting methodology over fundamental analysis and why it matters for your metals buy. Lead supply exceeds demand by 78kt The […]

Supply-side worries are supporting the zinc, lead and copper prices

Supply-side worries are supporting the zinc, lead and copper prices

Zinc and lead are co-mined metals, often assessed in tandem. Zinc and copper, however, are less likely to be viewed as driven by the same fundamentals. Sentiment, yes. All the base metals can be influenced by the same narrative, such as currency strength or China demand. It is true to say both price drivers have […]

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