Research

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

Change font size:   

November 2019 | Base Metals


Market Summary: Risk-on sentiment may return after corrections


The base metals seem tired of the ‘on-again, off-again’ nature of a phase one US-China trade deal, with the optimism of recent weeks evaporating again, and prices sliding as a result. But risk-on sentiment is evident in equity markets and could spread back to the base metals.

Risk-on sentiment may return after corrections
The base metals seem tired of the ‘on-again, off-again’ nature of a phase one US-China trade deal, with the optimism of recent weeks evaporating again, and prices sliding as a result. But risk-on sentiment is evident in equity markets and could spread back to the base metals.

Aluminium: Déjà vu

After a decent short-covering rally in late October and early November, we warned last week that LME aluminium prices had run into resistance and were threatening to turn lower once again, which would add another lower high to the sequence that has characterized trading all year. The sell-off of the past few days indeed confirms that...

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?