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Strong backwardation for tin
The spread between cash and 3-month tin stands today at about $3900/mt. We are in a strong backwardation situation. With deposits at their lowest since 2016 (1,400ton in Lme warehouses) and concerns about a shortage of current supply have pushed ip the current...
Copper – Price marks new highs since 2012
New upward impulse for copper which today registers a price excursion (between highs and lows) of 310$/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...
Non-Ferrous Scrap – Ferrous Scrap Non – Ferrous Metal Alloys prices on Commodity Evolution
Commodity Evolution, with specific algorithms associated with independent market research and surveys (we also use open and big data – we process it by producing information with robust statistical and machine learning methods), provides prices of more than 437...
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...