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- LME Aluminum 3M Select trades $46.25 higher to $3035 at 8:39:34 AM
- LME Copper 3M Select trades $204 higher to $12824 at 8:39:36 AM
- (Bloomberg) – Copper rose, trimming losses from earlier in the week, as risk assets including equities advanced in thin holiday trading. The metal added as much as 1.7% in London, tracking a broader gain in global equities. Several Asian nations including China, are on holiday this week to mark the Lunar New Year. Copper has stalled this month as near-record prices threaten to undermine industrial demand in top consumer China. Readily-available inventories of copper in warehouses tracked by the LME rose for the 26th straight day, the longest streak since 2009. Traders are awaiting fresh catalysts for the metal, which could come from a slew of US economic data due this week.
- CME HRC Steel last traded at $982 and $2 higher at 8:42:12 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.