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- LME Aluminum 3M Select trades $-86 lower to $3084.50 at 8:11:45 AM
- LME Copper 3M Select trades $-308 lower to $12851.50 at 8:11:44 AM
- Bloomberg) -- Copper extended its slump as bulls in China stepped back from a tumultuous few days that have rocked global metals markets. The industrial metal sank as much as 5.7% to $12,414.50 a ton on the London Metal Exchange before paring losses to trade about 2% lower. The current selloff was triggered by the nomination of a known inflation fighter to lead the US Federal Reserve last week, and a key question in copper is when manufacturers who’ve been put off by high prices will step back in and buy. Aluminum, tin, nickel and silver also tumbled.
- CME HRC Steel last traded at $973 and $1 higher at 5:09:53 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.