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Non-ferrous metals down – Aluminum may follow the movement in the short term
In the last weeks there has been wide volatility on the markets, with the only non-ferrous metal (aluminum) still close to the recent highs (2240$/ton) now in the 2200$/ton area. A downward phase is now expected also for this metal, following the direction of the...
High volatility for zinc prices
In the last 1 hour, zinc prices have registered a 4.50% movement between the opening of 8 am (2749.50$/ton) and its minimum (2627$/ton), to then recover part of the lost ground (2720$/ton at 9.30 am). In this way the prices have created a long “spike”...
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...