AEGIS Hedging - Metals First Look
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Note: Clients with AEGIS Platform access can see this and other research, plus hedge portfolio reporting and tools here.
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LME Aluminum 3M Select trades $-18.75 lower to $3161 at 9:01:15 AM
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LME Copper 3M Select trades $-17.50 lower to $13344 at 9:01:16 AM
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(Bloomberg) – Copper steadied as traders awaited fresh peace talks between the US and Iran and the outlook for US monetary policy as the Federal Reserve takes a hawkish stance on inflation. Prices were little changed near $13,340 a ton in London, after tit-for-tat strikes between the US and Iran over the weekend raised fresh concerns about the stability of the truce between the two sides. Copper is down just over 2% so far this month, after posting a record close in May. In addition to the Middle East conflict, traders are tracking the outlook for US monetary policy, after Fed policymakers signaled growing support for interest-rate hikes in the coming months to combat sticky US inflation. That stance tends to aid the dollar, posing a headwind for raw materials. Fed Bank of Richmond President Tom Barkin warned on Sunday that inflation was too high, although he did see tentative signs that price pressures may moderate soon. A report last week showed the personal consumption expenditures index rose 4.1% in the year through May, the most since April 2023. Elsewhere, Goldman Sachs Group Inc. said it saw the Iran conflict ultimately aiding metals demand. An increased reliance on electric vehicles, further investments in renewable power, higher defense spending and growing competition to win the artificial-intelligence race are themes that would support copper demand, analysts including Samantha Dart said in a note.
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CME HRC Steel last traded at $1156 and $1 higher at 6/26/2026
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Price Indications
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Today's Charts
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Metals Factor Matrix
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AEGIS Factor Matrices: Most important variables affecting metals prices
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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.
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