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Aluminum prices negative for March
Could the seasonality of March be pushing aluminum prices down? From chart 2. it sure looks like prices have been moving negatively in the month under review for the past 30-15-10-5 years. From chart 1. today could be the last day of rebound for aluminum prices, and...
Increased volatility in non-ferrous metal near major selling levels
On the last trading day, all major non-ferrous metals touched new highs, with copper, aluminum and zinc recording $9616/mt, $2242/mt and $2952/mt, respectively. All of these levels tested important selling areas, with the metals now giving way to new...
Chinese steel prices likely to remain high as demand recovers
According to the latest monthly report from the China Iron & Steel Association (CISA) released on February 23, steel prices in China are likely to continue at their current high levels, supported by a recovery in demand after the Chinese New Year holiday and high...
Steel price – Our Commodity Evolution Steel Price Index forecasts movements
Our Commodity Evolution Steel Price Index showed already in the first days of February the first upward movements, which then occurred on the price of Flat HRC China and other steels in the Europe - Turkey - Russia areas. There is a possibility of further rises in the...