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

August 2017

Copper
Date(Fix.) ($/MT)
Average 6478.18
31-08-2017 6792
30-08-2017 6755
29-08-2017 6797
25-08-2017 6714
24-08-2017 6577
23-08-2017 6555
22-08-2017 6584
21-08-2017 6514.5
18-08-2017 6453
17-08-2017 6460
16-08-2017 6433
15-08-2017 6382
14-08-2017 6351
11-08-2017 6353.5
10-08-2017 6416.5
09-08-2017 6465
08-08-2017 6364
07-08-2017 6333
04-08-2017 6330
03-08-2017 6290
02-08-2017 6300
01-08-2017 6300.5
Silver
Date(Fix.) ($/OZ)
Average 16.91
31-08-2017 17.34
30-08-2017 17.44
29-08-2017 17.6
25-08-2017 17.02
24-08-2017 16.93
23-08-2017 17.06
22-08-2017 17.02
21-08-2017 17.02
18-08-2017 17.15
17-08-2017 17.02
16-08-2017 16.68
15-08-2017 16.89
14-08-2017 16.97
11-08-2017 17.09
10-08-2017 17.08
09-08-2017 16.59
08-08-2017 16.39
07-08-2017 16.13
04-08-2017 16.7
03-08-2017 16.47
02-08-2017 16.67
01-08-2017 16.74
PM MEAN AM Gold
Date(Fix.) ($/OZ)
Average 1281.72
31-08-2017 1305.8
30-08-2017 1310.6
29-08-2017 1323.4
25-08-2017 1287.05
24-08-2017 1285.9
23-08-2017 1286.45
22-08-2017 1285.1
21-08-2017 1287.6
18-08-2017 1295.25
17-08-2017 1285.9
16-08-2017 1270.15
15-08-2017 1274.6
14-08-2017 1281.1
11-08-2017 1288.3
10-08-2017 1278.9
09-08-2017 1267.95
08-08-2017 1261.45
07-08-2017 1257.55
04-08-2017 1269.3
03-08-2017 1261.8
02-08-2017 1266.65
01-08-2017 1267.05
Date(Fix.) ($/OZ)
Average 1282.02
31-08-2017 1308.775
30-08-2017 1309.55
29-08-2017 1321.025
25-08-2017 1286.175
24-08-2017 1287.45
23-08-2017 1286.55
22-08-2017 1284.65
21-08-2017 1290.25
18-08-2017 1295.525
17-08-2017 1285.525
16-08-2017 1271.45
15-08-2017 1272.45
14-08-2017 1281.7
11-08-2017 1287.2
10-08-2017 1281.65
09-08-2017 1269.5
08-08-2017 1261.625
07-08-2017 1257.775
04-08-2017 1263.5
03-08-2017 1264.95
02-08-2017 1268.125
01-08-2017 1269
Date(Fix.) ($/OZ)
Average 1282.32
31-08-2017 1311.75
30-08-2017 1308.5
29-08-2017 1318.65
25-08-2017 1285.3
24-08-2017 1289
23-08-2017 1286.65
22-08-2017 1284.2
21-08-2017 1292.9
18-08-2017 1295.8
17-08-2017 1285.15
16-08-2017 1272.75
15-08-2017 1270.3
14-08-2017 1282.3
11-08-2017 1286.1
10-08-2017 1284.4
09-08-2017 1271.05
08-08-2017 1261.8
07-08-2017 1258
04-08-2017 1257.7
03-08-2017 1268.1
02-08-2017 1269.6
01-08-2017 1270.95
Lead
Date(Fix.) ($/MT)
Average 2357.32
31-08-2017 2373
30-08-2017 2362
29-08-2017 2370
25-08-2017 2342
24-08-2017 2330
23-08-2017 2393
22-08-2017 2346
21-08-2017 2360
18-08-2017 2389
17-08-2017 2457
16-08-2017 2395
15-08-2017 2370
14-08-2017 2317
11-08-2017 2322.5
10-08-2017 2358
09-08-2017 2367.5
08-08-2017 2349
07-08-2017 2355
04-08-2017 2349
03-08-2017 2342
02-08-2017 2315
01-08-2017 2299
Zinc
Date(Fix.) ($/MT)
Average 2981.84
31-08-2017 3139.5
30-08-2017 3118.5
29-08-2017 3107.5
25-08-2017 3117.5
24-08-2017 3096.5
23-08-2017 3114
22-08-2017 3140
21-08-2017 3143
18-08-2017 3117
17-08-2017 3084
16-08-2017 3010
15-08-2017 2938.5
14-08-2017 2891
11-08-2017 2886.5
10-08-2017 2935
09-08-2017 2947
08-08-2017 2873
07-08-2017 2816.5
04-08-2017 2798
03-08-2017 2804
02-08-2017 2754
01-08-2017 2769.5
Tin
Date(Fix.) ($/MT)
Average 20570.00
31-08-2017 20880
30-08-2017 20540
29-08-2017 20600
25-08-2017 20675
24-08-2017 20645
23-08-2017 20575
22-08-2017 20675
21-08-2017 20575
18-08-2017 20375
17-08-2017 20300
16-08-2017 20125
15-08-2017 20445
14-08-2017 20525
11-08-2017 20450
10-08-2017 20350
09-08-2017 20475
08-08-2017 20650
07-08-2017 20760
04-08-2017 20865
03-08-2017 20730
02-08-2017 20625
01-08-2017 20700
Nickel
Date(Fix.) ($/MT)
Average 10852.95
31-08-2017 11620
30-08-2017 11555
29-08-2017 11735
25-08-2017 11610
24-08-2017 11640
23-08-2017 11435
22-08-2017 11430
21-08-2017 11250
18-08-2017 10730
17-08-2017 10710
16-08-2017 10560
15-08-2017 10370
14-08-2017 10510
11-08-2017 10590
10-08-2017 10770
09-08-2017 10710
08-08-2017 10280
07-08-2017 10310
04-08-2017 10335
03-08-2017 10255
02-08-2017 10205
01-08-2017 10155
Cobalt
Date(Fix.) ($/MT)
Average 58372.73
31-08-2017 61000
30-08-2017 61000
29-08-2017 61500
25-08-2017 61000
24-08-2017 60000
23-08-2017 60000
22-08-2017 60000
21-08-2017 60000
18-08-2017 58500
17-08-2017 56000
16-08-2017 57000
15-08-2017 57000
14-08-2017 57000
11-08-2017 55750
10-08-2017 57500
09-08-2017 57500
08-08-2017 57500
07-08-2017 56950
04-08-2017 59000
03-08-2017 58500
02-08-2017 54000
01-08-2017 57500