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Newsletter - LME steadied for the time being Read more »

Newsletter – LME steadied for the time being

Welcome to the first day of Summer with the countdown to Christmas well upon us. On the commodity markets the LME has steadied for the time being with only small movements in prices in the last 5 days. Last Thursday in the USA was Thanksgiving…


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LME markets have taken a fall with LME Copper slipping below USD5000 overnight for only the 3rd time in many years. Importantly, this seems to be on the back of a lack any positive news coming out of the world economy at this time. Also…


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Following a week of political instability, cabinet minister Andrew Robb has let slip a federal election may be just a few months away. The trade minister, speaking from Indonesia, missed new Prime Minister Malcolm Turnbull cabinet’s first meeting on Monday. Mr Robb, speaking to ABC…


Newsletter - Bloomberg Commodity Index of 22 raw materials closed at its lowest levels since August 1999 Read more »

Newsletter – Bloomberg Commodity Index of 22 raw materials closed at its lowest levels since August 1999

It’s been an amazing week with substantial falls on the Chinese stock market closely followed by a dip on the ASX. The Australian market recovered quickly though, possibly as most financial markets had already factored in the fact that the China was artificially inflated. The…


Newsletter - Copper sinks to six-year low on fears of weaker Chinese demand Read more »

Newsletter – Copper sinks to six-year low on fears of weaker Chinese demand

It has been a busy week for news out of China starting with the Chinese Government devaluing the Yuan on Tuesday and Wednesday in an attempt to energise its economy by making Chinese exports cheaper to foreign customers. On both occasions the Australian dollar immediately…


Newsletter - Metal prices under pressure Read more »

Newsletter – Metal prices under pressure

With LME prices down and the Australian Dollar trading in positive territory following sub 0.73 levels throughout the past week, metal prices are under pressure at this time, particularly with the lack of demand being seen in the industrial sector. During these times, traders of…


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Today marks 29 days to Christmas, and the start of the silly season leading into the Christmas public holidays. On Friday the Chinese Government dropped interest rates for the first time in 2 years in response to the slowing China domestic economy. Although commodity markets…


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How quickly things can change. With all of our major LME metal indicators now trading lower than they opened at the beginning of the month, all eyes are on the falling Australian Dollar which is softening the AUD price reductions that we are seeing on…


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We find the metal markets a little mixed. Since April, we have seen the Australian Dollar HSRA average 0.93_ _, and this month may be no different with the rate yesterday coming in at 0.9329. When the exchange rate remains as steady as we have…


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It’s been another week of strong prices with many commentators suggesting we may now be at the peak of the market. Throughout the past week, traders and manufacturers have been hungry to source copper based material, however that demand seems to have plateaued. Aluminium, Lead…


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