January 2020 | Base Metals
Market Summary: Anticipating the rat
Trading volumes are low and this probably reflects activity winding down for the Chinese Lunar New Year, which will herald the year of the rat. We suspect there could be some significant restocking activity in some base metal markets after the holiday, which could be supportive to prices in the remainder of Q1.
Anticipating the rat
Trading volumes are low and this probably reflects activity winding down for the Chinese Lunar New Year, which will herald the year of the rat. We suspect there could be some significant restocking activity in some base metal markets after the holiday, which could be supportive to prices in the remainder of Q1.
Aluminium: Losing short-term momentum
There is growing risk that the LME aluminium price may be the subject of deeper consolidation in the short term if the uptrend line off the December low gives way. Bearish speculative positioning, and increasing talk of a return to oversupply this year, are...
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