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- LME Aluminum 3M Select trades $-8.50 lower to $3556 at 8:15:48 AM
- LME Copper 3M Select trades $-82 lower to $13266 at 8:15:50 AM
- (Bloomberg) – Copper eased from its highest close since early February as peace talks between Washington and Tehran were thrown into uncertainty after the US seized an Iranian ship in the Strait of Hormuz. The major risk for metals is a prolonged closure of the strait, which would magnify the energy shock already rippling through the world economy and could force central bankers into a more hawkish stance. Prices are getting some support from optimism over demand in China, where inventories have declined rapidly in recent weeks, with stockpiles monitored by the Shanghai Futures Exchange dropping by almost 200,000 tons since this year’s peak on March 13.
- CME HRC Steel last traded at $1046 and $0 lower at 4/17/202
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.