Order SREA Reports
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.
You have 5 more viewings!
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
You have 4 more viewings!
You have 2 more viewings.
Unfortunately, you have no more viewings.
In London, LME 3-mo. copper and aluminum dipped to around $6,370/mt and $1,830/mt, respectively, while LME 3-mo. nickel traded as low as $12,380/mt (=$5.62/lb.) this morning. Reporting from LME Asia Week 2019, Metal Bulletin notes that “Nickel prices face considerable downside pressure from increasing supply of two nickel-containing stainless steel raw materials – nickel pig iron (NPI) and nickel plate – as well as an abundance of stainless steel stocks in China.” In New York, most-actively traded COMEX copper futures eased to $2.88/lb. in morning trading after having lost ground over the course of last week. NYMEX crude oil futures slipped to around $63 per barrel this morning following last week’s rally. Reuters reports “oil prices fell on Monday, extending the Friday decline that halted a weeks-long rally, after President Donald Trump demanded that producer club OPEC raise output to soften the impact of U.S. sanctions against Iran.” In foreign exchange trading, dollar appreciation was on hold this morning with the euro trading around $1.115 and the British pound little changed at $1.292 ahead of policy announcements this week by the Federal Reserve and Bank of England.
Back to Main