Research

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

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Breaking Views | Base Metals

  • Metals prices consolidate while uncertainty, firmer dollar cap the upside

    [ Base Metals ]

    17 January 2019

    Base metals exhibited mixed movements while consolidating this morning. The metals are split into two camps with nickel and tin trending higher, albeit consolidating this morning, while the rest are entrenched in their sideways ranges as they await further direction either from the fundamentals, or more likely from political and economic developments.

  • Metals prices robust following Chinese stimulus

    [ Base Metals ]

    16 January 2019

    The base metals were firmer across the board this morning, after further temporary stimulus measures from China gave sentiment a boost. But continuing macro uncertainties may mean the market is unlikely to have the confidence to get too bullish yet. Indeed, the trend for the last several months has been that attempted rallies are capped as short-covering peters out and buyers do not feel the need to chase prices higher.

  • Monday's price weakness attracts dip-buying after China stimulates its economy

    [ Base Metals ]

    15 January 2019

    LME base metals prices were firmer across the board this morning. Bargain hunting stepped in to take advantage of Monday’s price weakness and markets received a confidence boost after China cut some taxes.

  • Base metals prices mostly weaker following poor Chinese trade data

    [ Base Metals ]

    14 January 2019

    Tin was the only base metal trading in positive territory this morning after the complex was knocked by disappointing Chinese trade data. Some optimism on trade talks or more news about Chinese economic stimulus may help to restore the more bullish sentiment of last week

  • Strong start to trading day across the LME complex

    [ Base Metals ]

    11 January 2019

    The base metals are stronger this morning, led by zinc and nickel. Volumes have been above average and the US dollar has been weaker.

  • Metal prices bullish, but confidence still low

    [ Base Metals ]

    10 January 2019

    Weaker Chinese inflation data overnight has somewhat countered the recent optimism from positive US/China trade talks. While the markets are likely to remain nervous until a trade deal is done, there does seem to be some underlying strength in the commodities. With base metals, gold and oil prices all strengthening in recent days that could unsettle some of the shorts.

  • Prices buoyant on US/China trade hopes, but still vulnerable until specifics emerge

    [ Base Metals ]

    09 January 2019

    Base metals were stronger again this morning, led by tin. Positive noise out of the US/China trade talks are providing a boost to the complex and to broader markets too.

  • Rebounds pause while market participants await further developments

    [ Base Metals ]

    08 January 2019

    The base metals are consolidating after the positive sentiment that prompted stronger performances since January 4. The consolidation suggests that traders are waiting for some concrete signs of progress on the US-China trade talks currently taking place.

  • Metals start the week in buoyant mood, but can it last?

    [ Base Metals ]

    07 January 2019

    The base metals buoyant are more buoyant this morning the back of Friday's good US employment report, Chinese stimulus and a more Dovish Fed. We wait to see whether the price rebound currently underway can generate follow-through buying interest.

  • Metals run into dip-buying after weak start to the year

    [ Base Metals ]

    04 January 2019

    Base metals and equity markets have been under pressure this week and the outlook remains uncertain, but the lower prices do seem to be attracting some bargain hunting. Any improvement in the outlook would likely turn attention to the metals’ fundamentals and if that happens, then the market may view the metals as being oversold.