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Weekly Macro Report January 15, 2019

iconJan 29, 2019 14:02
Source:SMM
Weekly Metal Macro Report

Weekly Metal Macro Report

Copper: Concentrate TCs fall as expected

Aluminium: Cost decline, supply growth to weigh on prices

Zinc: Greater concentrate supplies fail to boost zinc supplies, supporting price

Lead: Weaker demand, stable supply to grow inventories, pressure prices

Nickel: Prices to find support from raw materials costs

Manganese: Post-CNY demand optimism to support prices

Steel: Prices to climb post-CNY

Iron ore: Slower purchases by steel mills next week to cap price gains

Macro

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