Research

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

Change font size:   

November 2019 | Base Metals


Market Summary: Still hostage to trade talk news


News flow regarding progress, or lack thereof, in US-China trade negotiations continues to determine the mood in the base metals and remains the main source of week-to-week volatility.

Still hostage to trade talk news
News flow regarding progress, or lack thereof, in US-China trade negotiations continues to determine the mood in the base metals and remains the main source of week-to-week volatility.

Aluminium: Consolidating after short-covering

Following a strong week of price gains last week, aluminium has moved into consolidation mode after finding technical resistance and after optimism over a “phase one” US-China trade deal faded. To unlock more gains, prices now need additional buying pressure to overcome the nearby technical resistance levels, but that would probably need trade deal optimism to return, which may only be a tweet away. Otherwise, aluminium’s focus could swing to retesting the October...

ACCESS RESTRICTED

To read the rest of this analysis please take a free sample or subscribe


FREE Sample


Receive a free sample of  market analysis and price forecasts.

Free Sample

SUBSCRIBE


Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as it’s published.

Subscribe


Already subscribed?