December 2019 | Base Metals
Market Summary: Sentiment rising again
Buying pressure has emerged at the start of this week after a strong US jobs report on Friday and positive Chinese trade data over the weekend boosted sentiment. All eyes are back on US-China trade talks again though, with the US scheduled to introduce the next round of tariffs on $156 billion of Chinese goods on December 15. Events this week could prove pivotal to setting price direction for the coming weeks given the ongoing uncertainties surrounding trade negotiations.
Sentiment rising again
Buying pressure has emerged at the start of this week after a strong US jobs report on Friday and positive Chinese trade data over the weekend boosted sentiment. All eyes are back on US-China trade talks again though, with the US scheduled to introduce the next round of tariffs on $156 billion of Chinese goods on December 15. Events this week could prove pivotal to setting price direction for the coming weeks given the ongoing uncertainties surrounding trade negotiations.
Aluminium: Base building
Aluminium prices remain relatively buoyant. They are not only holding above the early-October low, but forming an increasingly robust-looking, if rather shallow, uptrend defined by a series of higher lows. For the time being at least, this looks like base building, though we would say...
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