Research

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

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Breaking Views | Base Metals

  • Metals fail to catch risk-on appetite seen in equities

    [ Base Metals ]

    19 November 2019

    While equity markets in the United States have pushed up to and are holding near record highs, the industrial metals are by comparison weak. This suggests global industry is still unsure about whether a post-trade war rebound is on the cards, or whether a trade deal will even emerge.

  • Countertrend moves underway in base metals despite risk-on in equities

    [ Base Metals ]

    15 November 2019

    There are cross currents flowing through broader markets, risk-on is still evident in equities, base metals are generally pulling back in countertrend moves from the stronger tone seen in October and early November and there is some nervousness around judging by the pick-up in demand for havens in recent days.

  • Base metals prices under pressure after Trump threatens higher tariffs if deal not reached

    [ Base Metals ]

    13 November 2019

    Markets in general are under pressure following United States President Donald Trump’s speech at the Economic Club of New York on Tuesday November 12, where he failed to provide any reassurance that a trade deal had been reached with China; indeed, Trump even threatened that tariffs would be “raised very substantially” if a deal was not reached.

  • Nickel and precious metals correcting lower

    [ Base Metals ]

    12 November 2019

    While investors and traders are still waiting for direction on China-United States trade talks, markets are reviewing their individual situations and adjusting accordingly. The two big movers have been the precious metals and nickel, both correcting lower as profit-taking and, or short-selling, set in, while the rest of the markets seem to be consolidating.

  • Metals prices weaker as hopes for trade deal face headwinds

    [ Base Metals ]

    11 November 2019

    Concerns that US-China trade talks are not progressing as smoothly as hoped, with US President Donald Trump saying late last week that he had not agreed to roll back tariffs on imports from China, has dampened sentiment in the metals. That said, US equities went on to brush off the news with markets closing at record highs again on Friday November 8.

  • LME base metals prices consolidate after Thursday’s show of strength

    [ Base Metals ]

    08 November 2019

    The flip-flop nature of headlines surrounding US-China trade talks is calling the tune in the markets; there was initial weakness on news that a signing of a partial trade deal would be delayed, but markets then turned higher after it was announced that progress had been made with both sides agreeing to remove some tariffs. This morning, Friday November 8, markets are giving back some of the ground gained on Thursday while prices consolidate.

  • Base metals prices mixed after US-China trade talks make progress but no deal reached

    [ Base Metals ]

    14 October 2019

    The metals market remains cautious because there still seems a long way to go before a US-China trade deal can be reached.

  • Some optimism on US-China trade talks provides support, but markets await concrete developments

    [ Base Metals ]

    11 October 2019

    There is some cautious optimism over US-China trade negotiations after US President Donald Trump described the talks as “very, very good” and said he would meet Chinese Vice Premier Liu He in the White House on Friday October 11. But, we have been here before so it is probably best not to anticipate too much - indeed, with the base metals generally rangebound this morning that seems to be what investors are doing.

  • Quiet start for base metals but expect volatility ahead of US-China trade talks

    [ Base Metals ]

    07 October 2019

    China is still on it Golden Week holiday this morning, Monday October 7, and quiet trading has resulted in fairly mixed prices across the metals and broader markets. We expect activity to pick up when China’s markets reopen on Tuesday, but with US-China trade talks scheduled for Thursday and Friday, trading is likely to be nervous.

  • Metals prices tread water, waiting for developments on trade talks

    [ Base Metals ]

    20 September 2019

    The markets remain in limbo this morning, Friday September 20, while they wait for any news from the initial US-China trade talks that are underway between deputy negotiators in the US.