Monthly Metal Review

Overview

China’s economy accelerated for a second consecutive quarter, on pace to power at least a third of global growth this year as signs of subdued U.S. consumer spending surface. U.S. Retail sales dropped for a second month in March. China’s economy grew by a surprise 6.9 percent on-year, powered by housing, infrastructure investment, exports and retail sales. Beijing also made progress in restraining runaway credit growth. Analysts said the Asian supply chain will benefit through commodities demand and commodity-price support. The U.S. unemployment rate fell to its lowest in almost a decade in March, despite the economy adding fewer-than-expected jobs. Employers added 98,000 jobs, less than half the tally for January and February. Still, the unemployment rate fell from 4.7 percent in February to just 4.5 percent, the lowest since 2007. U.S. housing starts fell by 6.8 percent on-month in March. Single-family homebuilding, the largest share of the residential housing market, fell 6.2 percent to an 821,000 unit-pace. But building permits increased 3.6 percent, driven by a 13.8 percent surge in the multi-family segment. Eurozone factories, meanwhile, struggled to keep up with soaring demand, reporting their highest levels of activity since 2011. IHS Markit's manufacturing Purchasing Managers' eurozone Index rose to 56.2 in March from February's 55.4. 03April The International Monetary Fund raised its global-growth economic forecast, citing improved prospects in large emerging markets, a global-trade uptick, confidence in the U.S., and demand for container ships. It forecast a 3.5-percent 2017 growth rate, compared with last year’s 3.1 percent. But it warned against trade-killing protectionist tendencies. Philippines President Rodrigo Duterte issued an interim reappointment of Environmental Secretary Gina Rodriguez despite strong mining-industry opposition. Her February enforcement of environmental laws brought closure orders for 22 of the country's 41 mines. She complains that bureaucrats allowed some of them to stay open. The Chamber of Mines said Lopez wrongly paints the industry as an environmental rapist. A full-reappointment hearing is set for early May.

Daily Prices

May 2017

Copper
Date(Fix.) ($/MT)
Average 5591.50
31-05-2017 5615.5
30-05-2017 5608
26-05-2017 5671
25-05-2017 5665
24-05-2017 5662.5
23-05-2017 5660.5
22-05-2017 5677
19-05-2017 5596
18-05-2017 5490
17-05-2017 5575
16-05-2017 5584
15-05-2017 5586
12-05-2017 5520
11-05-2017 5580.5
10-05-2017 5512
09-05-2017 5496
08-05-2017 5466
05-05-2017 5530.5
04-05-2017 5543
03-05-2017 5636.5
02-05-2017 5746.5
Silver
Date(Fix.) ($/OZ)
Average 16.76
31-05-2017 17.31
30-05-2017 17.27
26-05-2017 17.29
25-05-2017 17.15
24-05-2017 17.03
23-05-2017 17.14
22-05-2017 16.95
19-05-2017 16.77
18-05-2017 16.81
17-05-2017 16.9
16-05-2017 16.72
15-05-2017 16.59
12-05-2017 16.3
11-05-2017 16.37
10-05-2017 16.29
09-05-2017 16.22
08-05-2017 16.38
05-05-2017 16.27
04-05-2017 16.5
03-05-2017 16.85
02-05-2017 16.95
PM MEAN AM Gold
Date(Fix.) ($/OZ)
Average 1245.25
31-05-2017 1263.8
30-05-2017 1262.8
26-05-2017 1265
25-05-2017 1257.1
24-05-2017 1251.35
23-05-2017 1259.9
22-05-2017 1255.25
19-05-2017 1251.85
18-05-2017 1261.35
17-05-2017 1244.6
16-05-2017 1234.05
15-05-2017 1231.5
12-05-2017 1227.9
11-05-2017 1221
10-05-2017 1222.95
09-05-2017 1225.15
08-05-2017 1229.7
05-05-2017 1239.4
04-05-2017 1235.85
03-05-2017 1253.95
02-05-2017 1255.8
Date(Fix.) ($/OZ)
Average 1245.13
31-05-2017 1265
30-05-2017 1262.8
26-05-2017 1265.025
25-05-2017 1257.025
24-05-2017 1251.95
23-05-2017 1260.05
22-05-2017 1257.05
19-05-2017 1251.925
18-05-2017 1258.625
17-05-2017 1251
16-05-2017 1234.125
15-05-2017 1232.4
12-05-2017 1229.575
11-05-2017 1222.075
10-05-2017 1222.95
09-05-2017 1222.775
08-05-2017 1229.75
05-05-2017 1233.725
04-05-2017 1232.15
03-05-2017 1252.125
02-05-2017 1255.625
Date(Fix.) ($/OZ)
Average 1245.01
31-05-2017 1266.2
30-05-2017 1262.8
26-05-2017 1265.05
25-05-2017 1256.95
24-05-2017 1252.55
23-05-2017 1260.2
22-05-2017 1258.85
19-05-2017 1252
18-05-2017 1255.9
17-05-2017 1257.4
16-05-2017 1234.2
15-05-2017 1233.3
12-05-2017 1231.25
11-05-2017 1223.15
10-05-2017 1222.95
09-05-2017 1220.4
08-05-2017 1229.8
05-05-2017 1228.05
04-05-2017 1228.45
03-05-2017 1250.3
02-05-2017 1255.45
Lead
Date(Fix.) ($/MT)
Average 2131.67
31-05-2017 2075
30-05-2017 2101.5
26-05-2017 2090
25-05-2017 2059
24-05-2017 2072
23-05-2017 2088
22-05-2017 2102
19-05-2017 2088
18-05-2017 2052
17-05-2017 2102
16-05-2017 2084
15-05-2017 2131.5
12-05-2017 2165.5
11-05-2017 2196
10-05-2017 2175
09-05-2017 2182
08-05-2017 2159.5
05-05-2017 2190
04-05-2017 2177
03-05-2017 2225
02-05-2017 2250
Zinc
Date(Fix.) ($/MT)
Average 2590.24
31-05-2017 2572
30-05-2017 2624
26-05-2017 2622.5
25-05-2017 2607.5
24-05-2017 2627
23-05-2017 2647
22-05-2017 2631
19-05-2017 2569
18-05-2017 2462
17-05-2017 2561
16-05-2017 2517
15-05-2017 2568.5
12-05-2017 2582
11-05-2017 2615
10-05-2017 2592
09-05-2017 2632
08-05-2017 2579
05-05-2017 2577
04-05-2017 2570
03-05-2017 2600
02-05-2017 2639.5
Tin
Date(Fix.) ($/MT)
Average 20230.95
31-05-2017 20400
30-05-2017 20575
26-05-2017 20500
25-05-2017 20610
24-05-2017 20520
23-05-2017 20700
22-05-2017 20805
19-05-2017 20550
18-05-2017 20650
17-05-2017 20055
16-05-2017 19905
15-05-2017 20100
12-05-2017 19910
11-05-2017 20100
10-05-2017 19840
09-05-2017 19900
08-05-2017 19850
05-05-2017 19930
04-05-2017 20000
03-05-2017 19850
02-05-2017 20100
Nickel
Date(Fix.) ($/MT)
Average 9154.29
31-05-2017 8810
30-05-2017 9025
26-05-2017 9005
25-05-2017 9075
24-05-2017 9130
23-05-2017 9290
22-05-2017 9370
19-05-2017 9180
18-05-2017 9005
17-05-2017 9165
16-05-2017 9015
15-05-2017 9310
12-05-2017 9325
11-05-2017 9370
10-05-2017 9195
09-05-2017 9190
08-05-2017 9070
05-05-2017 8935
04-05-2017 9010
03-05-2017 9280
02-05-2017 9485
Cobalt
Date(Fix.) ($/MT)
Average 54916.90
31-05-2017 56500
30-05-2017 56250
26-05-2017 56000
25-05-2017 55500
24-05-2017 54750
23-05-2017 54750
22-05-2017 55000
19-05-2017 54500
18-05-2017 54505
17-05-2017 55500
16-05-2017 55500
15-05-2017 54500
12-05-2017 54500
11-05-2017 54500
10-05-2017 54500
09-05-2017 54500
08-05-2017 55000
05-05-2017 55000
04-05-2017 52000
03-05-2017 55000
02-05-2017 55000