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Thankfully we have started the week with a resolution to the Federal election which combined Australia’s longest campaign with the longest count duration. Elsewhere uncertainty remains in Europe with Brexit, and the LME commodity markets continue to drift along sidewards until the political and economic…


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Metals this week so far have seen some improvements with investors looking to avert risk in commodities. Although positive for our prices this week – these haven’t directly translated into local  price improvements due to a spike in AUDUSD.  With US Markets closed for Independence Day…


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The retail punting on Chinese steel and rebar future markets was looking shaky and no surprise that both commodities had their worse week on record with a weekly fall of 12%. These two items have now unwound 80% of their recent rally which we hope…


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On the markets it’s been a strong week for copper and aluminium with the USD Prices rising 4.2% and 6.1% respectively. There have been numerous explanations given, including prices been driven by speculation by the retail future traders (gamblers) and/or perceived improved world economic conditions.…


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In LME markets, Copper and Aluminium have suffered another week of declines (2.8% and 2.2% respectively in USD terms).  Ni has been a bright spot with a 3.8% rise, however there is always a lag in Ni volatility and the relative intrinsic values in the…


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In the LME markets, Copper has had a weak 5 days dropping 2.5%, whilst Aluminium rose 3.4%. The AUD/USD exchange rate is currently at 76.04 up from last week’s level of 75.4. Newspaper reports refer to the weak oil prices, fragile global growth front and…


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This time last week we were commenting about the AUD/USD trading at the time at an 8 month high of 75.10 cents. To everyone’s surprise the momentum continued with the dollar climbing to over 76.5 cents on Friday to settle at today’s rate of 75.80.…


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It’s been a busy night overnight with iron ore rising a massive 18.5% on the belief (ie nothing fundamental) that Beijing’s pro-growth policies will improve demand in China. Other commentary also refers to the catching out of short sellers, who in a rising market are…


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Newsletter – Copper and Aluminium calm throughout last week

Fortunately for all of us, the biggest talking point in the last week has been the price of Oil which fell to a fresh 12 year low overnight. Whilst we haven’t quite noticed the price of unleaded petrol falling at the local servo quite as…


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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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