Monthly Metal Review

Overview

A Chilean earthquake killed 11 people, disrupt-ed some mining operations and triggered tsunamis that damaged Coquimbo’s port. Water flooded a warehouse for Caserones-mine copper concentrate, but mine damage from the 8.3-magnitude quake ap-peared minimal. The largest copper-export ports re-ported no major damage, although a million people were evacuated along the coast. Codelco said its workers were uninjured, the Ventanas refining-smelting division restarted, and Andina mine restart-ing. Antofagasta temporarily closed its Los Pelambres mine, to restart it after inspections.
Responding to China’s Qingdao port metal-financing fraud, the London Metal Exchange will launch an electronic system in December to track metals stored beyond its warehouses. LME Shield will let the LME provide detailed electronic receipts for metal outside its system. Qingdao scammers were able to pledge a metal cargo multiple times as collat-eral for bank loans.
The U.S. Federal Reserve left benchmark inter-est rates unchanged at near-zero, citing concerns about weakening global growth, market turbulence and tepid inflation, however chairwoman Janet Yellen indicated at the end of the month the Fed is on track to raise rates this year.
UK wages grew at their fastest pace in six years in the three months to July. Average weekly earnings growth, excluding bonuses, rose by 2.9 percent May-
July.
International Monetary Fund chief Christine Lagarde said the global economic-expansion outlook is less promising than the IMF anticipated in July. She said there’s a weaker-than-expected recovery in advanced economies and further slowdown in emerging economies, especially in Latin America. The IMF cut its world-growth forecast in July to 3.3 percent from 3.5 percent this year whilst maintain-ing its 2016 growth outlook at 3.8 percent.
China's industrial production was up 6.1 per cent on-year in August. Retail sales increased 10.8 per cent on-month fixed asset investment, a measure of government infrastructure spending, grew 10.9 per cent on-year in the January-August period.
China’s imports dropped 13.8 percent on-year in August amidst weak global commodity prices and sluggish demand. It was the tenth consecutive month of lower imports. Exports fell less, down 5.5 percent.
China’s industrial activity slowed in August as domestic and export orders fell, whilst the service sector showed cooling signs. The official manufac-turers purchasing managers’ index slid to 49.7 from July’s 50; the lowest since 2012. Readings above 50 indicate growth. New orders fell to 49.7 in August from July’s 49.9.

Daily Prices

September 2015

Copper
Date(Fix.) ($/MT)
Average 5208.09
30-09-2015 5093
29-09-2015 5010
28-09-2015 4965
25-09-2015 5098
24-09-2015 5046
23-09-2015 5112
22-09-2015 5131
21-09-2015 5267
18-09-2015 5358
17-09-2015 5369
16-09-2015 5350
15-09-2015 5290
14-09-2015 5324
11-09-2015 5352
10-09-2015 5400
09-09-2015 5366
08-09-2015 5280
07-09-2015 5176
04-09-2015 5155.5
03-09-2015 5250
02-09-2015 5090.5
01-09-2015 5095
Silver
Date(Fix.) ($/OZ)
Average 14.72
30-09-2015 14.65
29-09-2015 14.56
28-09-2015 14.7
25-09-2015 14.99
24-09-2015 14.79
23-09-2015 14.8
22-09-2015 14.94
21-09-2015 15.18
18-09-2015 15.26
17-09-2015 14.76
16-09-2015 14.51
15-09-2015 14.35
14-09-2015 14.43
11-09-2015 14.58
10-09-2015 14.72
09-09-2015 14.77
08-09-2015 14.63
07-09-2015 14.54
04-09-2015 14.69
03-09-2015 14.71
02-09-2015 14.56
01-09-2015 14.68
PM MEAN AM Gold
Date(Fix.) ($/OZ)
Average 1124.90
30-09-2015 1122.5
29-09-2015 1124.6
28-09-2015 1137.5
25-09-2015 1145.5
24-09-2015 1134.45
23-09-2015 1124.6
22-09-2015 1129.3
21-09-2015 1136.85
18-09-2015 1136
17-09-2015 1118.15
16-09-2015 1109.75
15-09-2015 1105.5
14-09-2015 1108
11-09-2015 1106.35
10-09-2015 1107.75
09-09-2015 1122.3
08-09-2015 1120.85
07-09-2015 1121
04-09-2015 1125
03-09-2015 1130.05
02-09-2015 1140
01-09-2015 1141.9
Date(Fix.) ($/OZ)
Average 1124.72
30-09-2015 1118.25
29-09-2015 1128.35
28-09-2015 1134.275
25-09-2015 1146.075
24-09-2015 1144.475
23-09-2015 1127.975
22-09-2015 1126.1
21-09-2015 1135.05
18-09-2015 1138.75
17-09-2015 1117.825
16-09-2015 1113.675
15-09-2015 1105.725
14-09-2015 1106.4
11-09-2015 1103.3
10-09-2015 1108.625
09-09-2015 1116.075
08-09-2015 1121
07-09-2015 1120.25
04-09-2015 1121.625
03-09-2015 1129.025
02-09-2015 1138.875
01-09-2015 1142.1
Date(Fix.) ($/OZ)
Average 1124.53
30-09-2015 1114
29-09-2015 1132.1
28-09-2015 1131.05
25-09-2015 1146.65
24-09-2015 1154.5
23-09-2015 1131.35
22-09-2015 1122.9
21-09-2015 1133.25
18-09-2015 1141.5
17-09-2015 1117.5
16-09-2015 1117.6
15-09-2015 1105.95
14-09-2015 1104.8
11-09-2015 1100.25
10-09-2015 1109.5
09-09-2015 1109.85
08-09-2015 1121.15
07-09-2015 1119.5
04-09-2015 1118.25
03-09-2015 1128
02-09-2015 1137.75
01-09-2015 1142.3
Lead
Date(Fix.) ($/MT)
Average 1682.05
30-09-2015 1655.5
29-09-2015 1651
28-09-2015 1625
25-09-2015 1681
24-09-2015 1670
23-09-2015 1679.5
22-09-2015 1671
21-09-2015 1667
18-09-2015 1690
17-09-2015 1700.5
16-09-2015 1693.5
15-09-2015 1664
14-09-2015 1666
11-09-2015 1702
10-09-2015 1715
09-09-2015 1711.5
08-09-2015 1670.5
07-09-2015 1668
04-09-2015 1677
03-09-2015 1715
02-09-2015 1712.5
01-09-2015 1719.5
Zinc
Date(Fix.) ($/MT)
Average 1718.91
30-09-2015 1657
29-09-2015 1632.5
28-09-2015 1586.5
25-09-2015 1645.5
24-09-2015 1635.5
23-09-2015 1654.5
22-09-2015 1619.5
21-09-2015 1652
18-09-2015 1698
17-09-2015 1695
16-09-2015 1701.5
15-09-2015 1695
14-09-2015 1764
11-09-2015 1788
10-09-2015 1807.5
09-09-2015 1815
08-09-2015 1791.5
07-09-2015 1785.5
04-09-2015 1773.5
03-09-2015 1812.5
02-09-2015 1785
01-09-2015 1821
Tin
Date(Fix.) ($/MT)
Average 15481.36
30-09-2015 15560
29-09-2015 15800
28-09-2015 15400
25-09-2015 15325
24-09-2015 15350
23-09-2015 15100
22-09-2015 15050
21-09-2015 15350
18-09-2015 15050
17-09-2015 15600
16-09-2015 15880
15-09-2015 15650
14-09-2015 16045
11-09-2015 15855
10-09-2015 15655
09-09-2015 15500
08-09-2015 15500
07-09-2015 15250
04-09-2015 15595
03-09-2015 15600
02-09-2015 15625
01-09-2015 14850
Nickel
Date(Fix.) ($/MT)
Average 9898.41
30-09-2015 10070
29-09-2015 9875
28-09-2015 9840
25-09-2015 9820
24-09-2015 9715
23-09-2015 9810
22-09-2015 9680
21-09-2015 9705
18-09-2015 9760
17-09-2015 9890
16-09-2015 10110
15-09-2015 9850
14-09-2015 9905
11-09-2015 10190
10-09-2015 10325
09-09-2015 10065
08-09-2015 9850
07-09-2015 9810
04-09-2015 9785
03-09-2015 10025
02-09-2015 9745
01-09-2015 9940
Cobalt
Date(Fix.) ($/MT)
Average 28036.36
30-09-2015 28300
29-09-2015 28000
28-09-2015 28000
25-09-2015 28000
24-09-2015 28000
23-09-2015 28000
22-09-2015 28000
21-09-2015 28000
18-09-2015 28000
17-09-2015 28000
16-09-2015 28000
15-09-2015 28000
14-09-2015 28000
11-09-2015 28500
10-09-2015 28500
09-09-2015 28000
08-09-2015 28500
07-09-2015 27500
04-09-2015 28000
03-09-2015 27500
02-09-2015 28000
01-09-2015 28000