Monthly Metal Review

Overview (May 2017)

China’s economy accelerated for a second consecutive quarter, on pace to power at least a third of global growth this year as signs of subdued U.S. consumer spending surface. U.S. Retail sales dropped for a second month in March. China’s economy grew by a surprise 6.9 percent on-year, powered by housing, infrastructure investment, exports and retail sales. Beijing also made progress in restraining runaway credit growth. Analysts said the Asian supply chain will benefit through commodities demand and commodity-price support. The U.S. unemployment rate fell to its lowest in almost a decade in March, despite the economy adding fewer-than-expected jobs. Employers added 98,000 jobs, less than half the tally for January and February. Still, the unemployment rate fell from 4.7 percent in February to just 4.5 percent, the lowest since 2007. U.S. housing starts fell by 6.8 percent on-month in March. Single-family homebuilding, the largest share of the residential housing market, fell 6.2 percent to an 821,000 unit-pace. But building permits increased 3.6 percent, driven by a 13.8 percent surge in the multi-family segment. Eurozone factories, meanwhile, struggled to keep up with soaring demand, reporting their highest levels of activity since 2011. IHS Markit's manufacturing Purchasing Managers' eurozone Index rose to 56.2 in March from February's 55.4. 03April The International Monetary Fund raised its global-growth economic forecast, citing improved prospects in large emerging markets, a global-trade uptick, confidence in the U.S., and demand for container ships. It forecast a 3.5-percent 2017 growth rate, compared with last year’s 3.1 percent. But it warned against trade-killing protectionist tendencies. Philippines President Rodrigo Duterte issued an interim reappointment of Environmental Secretary Gina Rodriguez despite strong mining-industry opposition. Her February enforcement of environmental laws brought closure orders for 22 of the country's 41 mines. She complains that bureaucrats allowed some of them to stay open. The Chamber of Mines said Lopez wrongly paints the industry as an environmental rapist. A full-reappointment hearing is set for early May.

Daily Prices

June 2017

Copper
Date(Fix.) ($/MT)
Average 5699.48
30-06-2017 5907.5
29-06-2017 5905.5
28-06-2017 5822
27-06-2017 5789
26-06-2017 5771
23-06-2017 5774
22-06-2017 5736
21-06-2017 5650
20-06-2017 5673.5
19-06-2017 5687
16-06-2017 5655.5
15-06-2017 5637
14-06-2017 5684.5
13-06-2017 5659
12-06-2017 5752
09-06-2017 5739
08-06-2017 5647.5
07-06-2017 5575.5
06-06-2017 5540.5
05-06-2017 5586.5
02-06-2017 5559.5
01-06-2017 5636.5
Silver
Date(Fix.) ($/OZ)
Average 16.95
30-06-2017 16.47
29-06-2017 16.83
28-06-2017 16.78
27-06-2017 16.66
26-06-2017 16.53
23-06-2017 16.71
22-06-2017 16.58
21-06-2017 16.51
20-06-2017 16.59
19-06-2017 16.67
16-06-2017 16.76
15-06-2017 16.86
14-06-2017 16.96
13-06-2017 16.82
12-06-2017 17.13
09-06-2017 17.35
08-06-2017 17.6
07-06-2017 17.6
06-06-2017 17.56
05-06-2017 17.52
02-06-2017 17.19
01-06-2017 17.13
PM MEAN AM Gold
Date(Fix.) ($/OZ)
Average 1261.28
30-06-2017 1243.25
29-06-2017 1246.6
28-06-2017 1251.6
27-06-2017 1250.4
26-06-2017 1240.85
23-06-2017 1256.3
22-06-2017 1251.4
21-06-2017 1247.05
20-06-2017 1246.5
19-06-2017 1251.1
16-06-2017 1256.6
15-06-2017 1260.25
14-06-2017 1268.25
13-06-2017 1261.3
12-06-2017 1269.25
09-06-2017 1274.25
08-06-2017 1284.8
07-06-2017 1292.7
06-06-2017 1287.85
05-06-2017 1280.7
02-06-2017 1260.95
01-06-2017 1266.15
Date(Fix.) ($/OZ)
Average 1260.77
30-06-2017 1242.75
29-06-2017 1245.05
28-06-2017 1249.8
27-06-2017 1249.975
26-06-2017 1243.05
23-06-2017 1256
22-06-2017 1251.1
21-06-2017 1244.775
20-06-2017 1244.35
19-06-2017 1249.625
16-06-2017 1256
15-06-2017 1257.4
14-06-2017 1271.875
13-06-2017 1261.65
12-06-2017 1267.825
09-06-2017 1270.4
08-06-2017 1278.95
07-06-2017 1291.85
06-06-2017 1290.675
05-06-2017 1280.325
02-06-2017 1267.95
01-06-2017 1265.5
Date(Fix.) ($/OZ)
Average 1260.26
30-06-2017 1242.25
29-06-2017 1243.5
28-06-2017 1248
27-06-2017 1249.55
26-06-2017 1245.25
23-06-2017 1255.7
22-06-2017 1250.8
21-06-2017 1242.5
20-06-2017 1242.2
19-06-2017 1248.15
16-06-2017 1255.4
15-06-2017 1254.55
14-06-2017 1275.5
13-06-2017 1262
12-06-2017 1266.4
09-06-2017 1266.55
08-06-2017 1273.1
07-06-2017 1291
06-06-2017 1293.5
05-06-2017 1279.95
02-06-2017 1274.95
01-06-2017 1264.85
Lead
Date(Fix.) ($/MT)
Average 2131.18
30-06-2017 2274
29-06-2017 2292
28-06-2017 2265
27-06-2017 2247.5
26-06-2017 2237
23-06-2017 2186.5
22-06-2017 2181
21-06-2017 2121
20-06-2017 2118
19-06-2017 2113
16-06-2017 2083.5
15-06-2017 2078.5
14-06-2017 2055
13-06-2017 2036
12-06-2017 2077
09-06-2017 2097
08-06-2017 2065.5
07-06-2017 2055
06-06-2017 2080
05-06-2017 2068
02-06-2017 2072
01-06-2017 2083.5
Zinc
Date(Fix.) ($/MT)
Average 2571.93
30-06-2017 2754
29-06-2017 2752.5
28-06-2017 2732.5
27-06-2017 2726
26-06-2017 2722
23-06-2017 2725
22-06-2017 2697
21-06-2017 2579.5
20-06-2017 2561
19-06-2017 2535
16-06-2017 2516
15-06-2017 2495
14-06-2017 2472
13-06-2017 2436
12-06-2017 2496
09-06-2017 2480
08-06-2017 2462.5
07-06-2017 2434.5
06-06-2017 2480
05-06-2017 2474.5
02-06-2017 2507
01-06-2017 2544.5
Tin
Date(Fix.) ($/MT)
Average 19701.82
30-06-2017 20200
29-06-2017 20075
28-06-2017 19450
27-06-2017 19330
26-06-2017 19445
23-06-2017 19495
22-06-2017 19695
21-06-2017 19725
20-06-2017 19775
19-06-2017 19815
16-06-2017 19650
15-06-2017 19500
14-06-2017 19400
13-06-2017 19250
12-06-2017 19175
09-06-2017 19150
08-06-2017 19350
07-06-2017 19735
06-06-2017 20100
05-06-2017 20245
02-06-2017 20405
01-06-2017 20475
Nickel
Date(Fix.) ($/MT)
Average 8930.68
30-06-2017 9280
29-06-2017 9275
28-06-2017 9125
27-06-2017 9060
26-06-2017 9040
23-06-2017 9170
22-06-2017 8910
21-06-2017 8890
20-06-2017 8980
19-06-2017 8895
16-06-2017 8905
15-06-2017 8830
14-06-2017 8815
13-06-2017 8720
12-06-2017 8940
09-06-2017 8805
08-06-2017 8800
07-06-2017 8870
06-06-2017 8800
05-06-2017 8820
02-06-2017 8715
01-06-2017 8830
Cobalt
Date(Fix.) ($/MT)
Average 57691.14
30-06-2017 60000
29-06-2017 60000
28-06-2017 59500
27-06-2017 59500
26-06-2017 59000
23-06-2017 58500
22-06-2017 58005
21-06-2017 58500
20-06-2017 58500
19-06-2017 58000
16-06-2017 58000
15-06-2017 56750
14-06-2017 56750
13-06-2017 57000
12-06-2017 56500
09-06-2017 56500
08-06-2017 56500
07-06-2017 56250
06-06-2017 56250
05-06-2017 56500
02-06-2017 56500
01-06-2017 56200