Base Metals: Weekly Market Tracker provides a unique, independent and authoritative market and price overview of the base metals industry.
The analysis includes short-term technical analysis highlighting key trading opportunities across the entire base metals complex and market price forecasts extended to cover the full contract range being offered by the LME - three years forward for copper, aluminium, aluminium alloy, zinc, nickel, lead and tin.
It also features supply and demand balances expanded to include data for major regions.
March 9 2010 Issue
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09 March 2010
The short term outlook for the base metals has improved and some could be close to following nickel into new high ground.
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09 March 2010
The stock mountain on the LME is being depleted painfully slowly and some 2m tonnes may be in off-market stockpiles. Despite this prices look set to head higher.
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09 March 2010
Some base metals have had strong runs recently. Many are still looking bullish, but a pause for consolidation now would be constructive. We would not chase prices, but would prefer to wait for pullbacks and buy into rebounds.
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09 March 2010
The short term picture for copper looks bullish from a technical and fundamental perspective. Prices may be poised to follow nickel into new high ground.
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09 March 2010
The nearby fundamentals look weak, but the technical picture looks strong.
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09 March 2010
Our short term target of $25,000/tonnes is still valid, but nickel might need to pause to consolidate first.
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09 March 2010
After a strong run, prices need to pull back to unwind an overbought technical position and refresh warrant cancellation activity.
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09 March 2010
Zinc prices look strong in the short term, but any gains would be coming against a weak fundamental backdrop.
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09 March 2010
Demand indicators for the base metals market