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Commodities: China’s Politburo meeting and price cap on Russian oil will drive markets this week
Global risk appetite received a much-needed boost from a less hawkish commentary by U.S. Federal Reserve Chairman Jerome Powell and the softening of some COVID restrictions in China. In the week just past, the dollar started on a positive note, buoyed by purchases of...
Aluminum: prices in break out phase
Primary aluminum listed on the London Metal Exchange continues its upward move (+1.95 percent as of 12:00 GMT+1), with the third consecutive positive session. Prices currently appear to be in the process of breaking out (breaking to the upside) of an important...
Thermal coal: back to the situation before the invasion of Ukraine
The global thermal coal market has returned to the situation before Russia’s attack on Ukraine, with prices of most types of seaborne coal falling to pre-invasion levels, while volumes have remained stable. Prices of seaborne thermal coal surged after the Feb....
Cot Report metals: positive signs on the speculative side
After the decidedly negative phase of the last few months, triggered between July and October, depending on the reference metal, there have been first signs of recovery, widely predicted on Oct. 26 by our study office (link here). Another useful tool for forecasting...