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

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November 2019 | Base Metals


Market Summary: Risk appetite should improve this week


The latest reports about progress towards a US-China trade agreement suggest that a phase one deal is back on track. If history is a guide, interest in risk assets, including the base metals, should rebound while this remains the case. Equity markets have led the way so far.

Risk appetite should improve this week
The latest reports about progress towards a US-China trade agreement suggest that a phase one deal is back on track. If history is a guide, interest in risk assets, including the base metals, should rebound while this remains the case. Equity markets have led the way so far.

Aluminium: Looking for a short-term rebound

Aluminium’s price action is demonstrating consolidation overall. And while it continues to trade above the uptrend line off October’s low of $1,705 per tonne, we envisage more short-term upside pressure will emerge, especially if a phase one trade deal between the US and China continues to edge...

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