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

September 2017

Copper
Date(Fix.) ($/MT)
Average 6583.19
29-09-2017 6485
28-09-2017 6405
27-09-2017 6426
26-09-2017 6423
25-09-2017 6416
22-09-2017 6405
21-09-2017 6407.5
20-09-2017 6520
19-09-2017 6492
18-09-2017 6487
15-09-2017 6457
14-09-2017 6418.5
13-09-2017 6527
12-09-2017 6601.5
11-09-2017 6737
08-09-2017 6780
07-09-2017 6842.5
06-09-2017 6864
05-09-2017 6904
04-09-2017 6873
01-09-2017 6776
Silver
Date(Fix.) ($/OZ)
Average 17.45
29-09-2017 16.86
28-09-2017 16.82
27-09-2017 16.89
26-09-2017 17.01
25-09-2017 16.95
22-09-2017 16.97
21-09-2017 16.95
20-09-2017 17.38
19-09-2017 17.15
18-09-2017 17.53
15-09-2017 17.7
14-09-2017 17.75
13-09-2017 17.91
12-09-2017 17.75
11-09-2017 17.85
08-09-2017 18.21
07-09-2017 17.79
06-09-2017 17.77
05-09-2017 17.88
04-09-2017 17.8
01-09-2017 17.5
PM MEAN AM Gold
Date(Fix.) ($/OZ)
Average 1317.05
29-09-2017 1286.95
28-09-2017 1284.3
27-09-2017 1291.3
26-09-2017 1306.9
25-09-2017 1295.5
22-09-2017 1297
21-09-2017 1297.35
20-09-2017 1314.9
19-09-2017 1308.45
18-09-2017 1314.4
15-09-2017 1325
14-09-2017 1323
13-09-2017 1332.25
12-09-2017 1326.25
11-09-2017 1338.75
08-09-2017 1350.9
07-09-2017 1340.45
06-09-2017 1340.15
05-09-2017 1331.15
04-09-2017 1334.6
01-09-2017 1318.4
Date(Fix.) ($/OZ)
Average 1316.01
29-09-2017 1285.025
28-09-2017 1283.825
27-09-2017 1286.925
26-09-2017 1303.475
25-09-2017 1294.4
22-09-2017 1295.9
21-09-2017 1294.725
20-09-2017 1313.1
19-09-2017 1309.025
18-09-2017 1313.25
15-09-2017 1323.925
14-09-2017 1323.775
13-09-2017 1329.9
12-09-2017 1326.375
11-09-2017 1336.475
08-09-2017 1348.575
07-09-2017 1341.975
06-09-2017 1339
05-09-2017 1333.35
04-09-2017 1333.85
01-09-2017 1319.4
Date(Fix.) ($/OZ)
Average 1314.98
29-09-2017 1283.1
28-09-2017 1283.35
27-09-2017 1282.55
26-09-2017 1300.05
25-09-2017 1293.3
22-09-2017 1294.8
21-09-2017 1292.1
20-09-2017 1311.3
19-09-2017 1309.6
18-09-2017 1312.1
15-09-2017 1322.85
14-09-2017 1324.55
13-09-2017 1327.55
12-09-2017 1326.5
11-09-2017 1334.2
08-09-2017 1346.25
07-09-2017 1343.5
06-09-2017 1337.85
05-09-2017 1335.55
04-09-2017 1333.1
01-09-2017 1320.4
Lead
Date(Fix.) ($/MT)
Average 2377.29
29-09-2017 2519
28-09-2017 2467
27-09-2017 2458
26-09-2017 2490
25-09-2017 2513
22-09-2017 2477.5
21-09-2017 2472
20-09-2017 2443
19-09-2017 2381
18-09-2017 2369
15-09-2017 2317
14-09-2017 2266.5
13-09-2017 2274
12-09-2017 2233
11-09-2017 2260
08-09-2017 2272
07-09-2017 2307.5
06-09-2017 2320.5
05-09-2017 2350
04-09-2017 2364
01-09-2017 2369
Zinc
Date(Fix.) ($/MT)
Average 3119.79
29-09-2017 3217
28-09-2017 3156
27-09-2017 3150
26-09-2017 3165
25-09-2017 3168
22-09-2017 3113.5
21-09-2017 3098
20-09-2017 3170
19-09-2017 3123.5
18-09-2017 3109.5
15-09-2017 3042
14-09-2017 2994
13-09-2017 3050
12-09-2017 3056.5
11-09-2017 3109
08-09-2017 3081
07-09-2017 3095.5
06-09-2017 3086
05-09-2017 3194
04-09-2017 3190
01-09-2017 3147
Tin
Date(Fix.) ($/MT)
Average 20855.48
29-09-2017 20995
28-09-2017 20900
27-09-2017 20850
26-09-2017 20900
25-09-2017 20825
22-09-2017 20845
21-09-2017 20750
20-09-2017 20855
19-09-2017 20925
18-09-2017 20825
15-09-2017 20675
14-09-2017 20750
13-09-2017 20800
12-09-2017 20820
11-09-2017 20875
08-09-2017 20775
07-09-2017 20845
06-09-2017 20855
05-09-2017 20950
04-09-2017 20950
01-09-2017 21000
Nickel
Date(Fix.) ($/MT)
Average 11233.57
29-09-2017 10585
28-09-2017 10175
27-09-2017 10530
26-09-2017 10450
25-09-2017 10395
22-09-2017 10580
21-09-2017 10860
20-09-2017 11375
19-09-2017 10950
18-09-2017 11090
15-09-2017 11005
14-09-2017 11265
13-09-2017 11485
12-09-2017 11535
11-09-2017 11550
08-09-2017 11845
07-09-2017 12035
06-09-2017 11920
05-09-2017 12150
04-09-2017 12120
01-09-2017 12005
Cobalt
Date(Fix.) ($/MT)
Average 60295.24
29-09-2017 59000
28-09-2017 59000
27-09-2017 59000
26-09-2017 59300
25-09-2017 59500
22-09-2017 59500
21-09-2017 59500
20-09-2017 59500
19-09-2017 60000
18-09-2017 60000
15-09-2017 62500
14-09-2017 60800
13-09-2017 60800
12-09-2017 60800
11-09-2017 61000
08-09-2017 61000
07-09-2017 61000
06-09-2017 61000
05-09-2017 61000
04-09-2017 61000
01-09-2017 61000