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

October 2017

Copper
Date(Fix.) ($/MT)
Average 6722.11
19-10-2017 6920
18-10-2017 6971.5
17-10-2017 7046
16-10-2017 7063
13-10-2017 6858
12-10-2017 6813
11-10-2017 6685
10-10-2017 6641
09-10-2017 6607
06-10-2017 6639
05-10-2017 6511
04-10-2017 6453
03-10-2017 6447
02-10-2017 6455
Silver
Date(Fix.) ($/OZ)
Average 16.96
19-10-2017 17.025
18-10-2017 16.95
17-10-2017 17.11
16-10-2017 17.41
13-10-2017 17.2
12-10-2017 17.195
11-10-2017 17.15
10-10-2017 17.12
09-10-2017 16.92
06-10-2017 16.625
05-10-2017 16.66
04-10-2017 16.825
03-10-2017 16.61
02-10-2017 16.58
PM MEAN AM Gold
Date(Fix.) ($/OZ)
Average 1283.94
19-10-2017 1283.4
18-10-2017 1280.65
17-10-2017 1289.7
16-10-2017 1305.15
13-10-2017 1293.9
12-10-2017 1294.45
11-10-2017 1290.2
10-10-2017 1289.6
09-10-2017 1282.15
06-10-2017 1268.2
05-10-2017 1278.4
04-10-2017 1275.55
03-10-2017 1270.7
02-10-2017 1273.1
Date(Fix.) ($/OZ)
Average 1283.38
19-10-2017 1284.9
18-10-2017 1280.425
17-10-2017 1287.225
16-10-2017 1304.225
13-10-2017 1296.75
12-10-2017 1292.35
11-10-2017 1289.725
10-10-2017 1290.5
09-10-2017 1280.45
06-10-2017 1265
05-10-2017 1276.45
04-10-2017 1274.9
03-10-2017 1270.975
02-10-2017 1273.4
Date(Fix.) ($/OZ)
Average 1282.81
19-10-2017 1286.4
18-10-2017 1280.2
17-10-2017 1284.75
16-10-2017 1303.3
13-10-2017 1299.6
12-10-2017 1290.25
11-10-2017 1289.25
10-10-2017 1291.4
09-10-2017 1278.75
06-10-2017 1261.8
05-10-2017 1274.5
04-10-2017 1274.25
03-10-2017 1271.25
02-10-2017 1273.7
Lead
Date(Fix.) ($/MT)
Average 2529.79
19-10-2017 2491
18-10-2017 2493
17-10-2017 2496
16-10-2017 2566
13-10-2017 2542
12-10-2017 2568.5
11-10-2017 2525
10-10-2017 2509
09-10-2017 2515
06-10-2017 2539.5
05-10-2017 2548
04-10-2017 2585
03-10-2017 2501
02-10-2017 2538
Zinc
Date(Fix.) ($/MT)
Average 3288.14
19-10-2017 3170
18-10-2017 3185
17-10-2017 3130
16-10-2017 3321
13-10-2017 3325
12-10-2017 3333
11-10-2017 3306
10-10-2017 3314
09-10-2017 3334.5
06-10-2017 3336
05-10-2017 3350
04-10-2017 3370
03-10-2017 3324
02-10-2017 3235.5
Tin
Date(Fix.) ($/MT)
Average 20824.29
19-10-2017 20100
18-10-2017 20050
17-10-2017 20775
16-10-2017 20825
13-10-2017 20925
12-10-2017 20900
11-10-2017 20810
10-10-2017 21100
09-10-2017 20950
06-10-2017 21085
05-10-2017 21245
04-10-2017 20950
03-10-2017 20950
02-10-2017 20875
Nickel
Date(Fix.) ($/MT)
Average 11070.00
19-10-2017 11680
18-10-2017 11745
17-10-2017 11675
16-10-2017 11790
13-10-2017 11605
12-10-2017 11195
11-10-2017 10980
10-10-2017 10910
09-10-2017 10770
06-10-2017 10500
05-10-2017 10560
04-10-2017 10640
03-10-2017 10555
02-10-2017 10375
Cobalt
Date(Fix.) ($/MT)
Average 59714.29
19-10-2017 60500
18-10-2017 62500
17-10-2017 60250
16-10-2017 59750
13-10-2017 59750
12-10-2017 59750
11-10-2017 58250
10-10-2017 59500
09-10-2017 59500
06-10-2017 59500
05-10-2017 59000
04-10-2017 58750
03-10-2017 59500
02-10-2017 59500