Research

Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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May 2018 | Base Metals


Market Summary: Rangebound


The base metals generally remain rangebound with upside attempts running into selling, but underlying sentiment strong enough to support price dips. Economic data has been solid, but unspectacular, trade concerns continue and geopolitical tensions are high. It may take a positive change in these factors to improve business confidence and investor sentiment sufficiently to rekindle price rallies among the base metals with a clear bull narrative.

Rangebound
The base metals generally remain rangebound with upside attempts running into selling, but underlying sentiment strong enough to support price dips. Economic data has been solid, but unspectacular, trade concerns continue and geopolitical tensions are high. It may take a positive change in these factors to improve business confidence and investor sentiment sufficiently to rekindle price rallies among the base metals with a clear bull narrative.

Aluminium: Struggling to stabilize

Aluminium prices continue to consolidate. There are many cross-currents buffeting this market and leaving no clear bull or bear narrative at the moment. Range-trading is likely to continue for the time being, but we would not be surprised to see a downside bias set in if Chinese production and exports...

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