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Aluminium: 2011 highs broken up
luminium exceeded the highs of 2011 at 2800 $/ton. Price level that could create a lot of volatility (possible downward positioning of institutional investors). To be evaluated if the weekly price will remain above 2800 $/ton, otherwise it could trigger first...
Copper prices: bearish trend continues
Copper prices are on a downtrend after reports showed worsening manufacturing growth in the US and China. Chinese factory activity expanded in July at the slowest pace in 17 months, with the official purchasing managers' index (PMI) falling to 50.4 from 50.9 in June,...
US Dollar: What effects on commodities market
The US dollar seems to be recovering against the euro, the renminbi and the other major currencies (Jby,Gbp, Cad, Sek and Chf – summarized in the dollar index). By graphically analyzing, on a weekly basis, quotations started to rise again from the fundamental support...
Copper: possible rebound in prices for July
From mid-May 2021 until June 21, 2021 copper prices corrected the bullish movement started in March 2020 (+144% new highs since 2009 in 10740 S/ton area). From June 21, 2021 prices started to settle, favoring a first recovery towards 9500 $/ton (currently prices are...