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Silver: bullish formation in progress
The precious metal, industrial par excellence shows a bullish conformation, both on a weekly and monthly basis. The formation of a pennant, which identifies a moment of slowdown of the trend in place is then destined to resume its run. The prices are currently...
Iron ore: price bends on China’s move to cut steel production
China’s iron ore price fell for the fourth consecutive session, dropping more than 2.70% to its lowest level in nearly three weeks on prospects of easing demand on the government’s decision to cut production. The price of Iron ore 62% FE – CFR China...
Copper: possible break up of 9450 $/ton
Stable phase in the month of July for copper quotations with fluctuations between 9130 $/ton and 9632 $/ton. At the moment prices are under pressure against the first real resistance located in the 9450 $/ton area (transit area of the bearish line drawn from the highs...
Formic acid: stable market
According to the wholesale list data as of July 21, the average price of formic acid from the quotations of companies was RMB3,033.33/mt (€397/mt), which was the same as the price at the beginning of the week and increased by 9.64% compared with the price at the...