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- LME Aluminum 3M Select trades $5.50 higher to $3194 at 8:23:23 AM
- LME Copper 3M Select trades $-128.25 lower to $13070.50 at 8:23:24 AM
- (Bloomberg) -- Copper declined from near a record high, despite a weaker dollar, as demand conditions appeared fragile. Industrial metals have enjoyed big gains this year for some of the same reasons as precious metals — including increasingly bearish sentiment around the greenback. However, base metals are much more exposed to physical demand, which remains soft and hasn’t been helped by the rally that saw copper reach an all-time high earlier this month. In China, metals markets have slowed ahead of next month’s Lunar New Year, when inventories typically build and downstream buyers plan purchasing for the rest of the year. Analysts have warned that copper users will likely wait for prices to cool.
- CME HRC Steel last traded at $940 and $-2 lower at 3:47:42 AM
Price Indications
Today's Charts
Metals Factor Matrix
AEGIS Factor Matrices: Most important variables affecting metals prices
Important Disclosure: Indicative prices are provided for information purposes only, and do not represent a commitment from AEGIS Hedging Solutions LLC ("Aegis") to assist any client to transact at those prices, or at any price, in the future. Aegis makes no guarantee to the accuracy or completeness of such information. Aegis and/or its trading principals do not offer a trading program to clients, nor do they propose guiding or directing a commodity interest account for any client based on any such trading program. Certain information in this presentation may constitute forward-looking statements, which can be identified by the use of forward-looking terminology such as “edge,” “advantage,” “opportunity,” “believe” or other variations thereon or comparable terminology. Such statements are not guarantees of future performance or activities.