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Strong backwardation for tin

Strong backwardation for tin

The spread between cash and 3-month tin stands today at about $3900/mt. We are in a strong backwardation situation. With deposits at their lowest since 2016 (1,400ton in Lme warehouses) and concerns about a shortage of current supply have pushed ip the current...
Copper – Price marks new highs since 2012

Copper – Price marks new highs since 2012

New upward impulse for copper which today registers a price excursion (between highs and lows) of 310$/ton (+3.50%). On a technical level, the upward break of the wide congestion between $4320 and $7385 (Dec 2012 to Dec 2020) projects a second long-term price target...
Aluminium – Chinese imports grow faster than exports

Aluminium – Chinese imports grow faster than exports

By analyzing the components of the trade balance relating to China’s Aluminium and articles thereof, it is possible to identify how from May imports on a cumulative basis (Import Trend) began to grow much faster than exports, with a drop in August/September and...
Japan’s steel exports fall 13% y/y in January

Japan’s steel exports fall 13% y/y in January

According to preliminary data released by Japan’s Ministry of Finance on February 17, Japan’s steel exports of all types and shapes fell 13.3% year-on-year to about 2.43 million tons in January, which is the ninth consecutive month with year-on-year...
Commodity Evolution
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