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- LME Aluminum 3M Select trades $47.25 higher to $3569 at 8:31:51 AM
- LME Copper 3M Select trades $90 higher to $13088.50 at 8:31:48 AM
- (Bloomberg) – Copper rose slightly along with most risk assets, as traders monitor whether a fragile ceasefire in the Middle East can hold after the US and Iran exchanged fire in the Persian Gulf on Monday. Tensions eased on Tuesday, a day after the American military fought off Iranian attacks as it facilitated the passage of two US-flagged vessels through the Strait of Hormuz, while drones hit a port in the United Arab Emirates. The LME was shut Monday for a UK public holiday. The risk for metals is a prolonged closure of the strait, which would magnify the energy shock and could force central bankers into a more hawkish stance, hitting manufacturing and crimping demand for industrial commodities. On the supply side, copper stockpiles in LME-tracked warehouses remained near the highest level since 2013, adding to bearish sentiment.
- CME HRC Steel last traded at $1080 and $-4 lower at 7:57:41 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.