Monthly Metal Review

Overview (May 2017)

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

July 2017

Copper
Date(Fix.) ($/MT)
Average 5978.60
31-07-2017 6347
28-07-2017 6283
27-07-2017 6325
26-07-2017 6238
25-07-2017 6150
24-07-2017 6000
21-07-2017 6001.5
20-07-2017 5930
19-07-2017 5956
18-07-2017 5940.5
17-07-2017 5965.5
14-07-2017 5858
13-07-2017 5902
12-07-2017 5882.5
11-07-2017 5795
10-07-2017 5780
07-07-2017 5809
06-07-2017 5828.5
05-07-2017 5818
04-07-2017 5847
03-07-2017 5894
Silver
Date(Fix.) ($/OZ)
Average 16.14
31-07-2017 16.76
28-07-2017 16.56
27-07-2017 16.79
26-07-2017 16.37
25-07-2017 16.31
24-07-2017 16.5
21-07-2017 16.43
20-07-2017 16.18
19-07-2017 16.23
18-07-2017 16.17
17-07-2017 16.07
14-07-2017 15.71
13-07-2017 15.95
12-07-2017 15.83
11-07-2017 15.51
10-07-2017 15.22
07-07-2017 15.84
06-07-2017 16.01
05-07-2017 15.95
04-07-2017 16.15
03-07-2017 16.48
PM MEAN AM Gold
Date(Fix.) ($/OZ)
Average 1235.10
31-07-2017 1266.35
28-07-2017 1259.6
27-07-2017 1262.05
26-07-2017 1245.4
25-07-2017 1252
24-07-2017 1255.85
21-07-2017 1247.25
20-07-2017 1236.55
19-07-2017 1239.85
18-07-2017 1237.1
17-07-2017 1229.85
14-07-2017 1218.95
13-07-2017 1221.4
12-07-2017 1219.4
11-07-2017 1211.9
10-07-2017 1207.55
07-07-2017 1220.4
06-07-2017 1224.3
05-07-2017 1221.9
04-07-2017 1224.25
03-07-2017 1235.2
Date(Fix.) ($/OZ)
Average 1235.65
31-07-2017 1266.95
28-07-2017 1262.25
27-07-2017 1261.575
26-07-2017 1246.75
25-07-2017 1253
24-07-2017 1255.7
21-07-2017 1247.9
20-07-2017 1237.625
19-07-2017 1241
18-07-2017 1238.925
17-07-2017 1231.975
14-07-2017 1224.625
13-07-2017 1220.15
12-07-2017 1219.1
11-07-2017 1211.475
10-07-2017 1209.725
07-07-2017 1218.025
06-07-2017 1224.6
05-07-2017 1221.1
04-07-2017 1224
03-07-2017 1232.225
Date(Fix.) ($/OZ)
Average 1236.20
31-07-2017 1267.55
28-07-2017 1264.9
27-07-2017 1261.1
26-07-2017 1248.1
25-07-2017 1254
24-07-2017 1255.55
21-07-2017 1248.55
20-07-2017 1238.7
19-07-2017 1242.15
18-07-2017 1240.75
17-07-2017 1234.1
14-07-2017 1230.3
13-07-2017 1218.9
12-07-2017 1218.8
11-07-2017 1211.05
10-07-2017 1211.9
07-07-2017 1215.65
06-07-2017 1224.9
05-07-2017 1220.3
04-07-2017 1223.75
03-07-2017 1229.25
Lead
Date(Fix.) ($/MT)
Average 2266.40
31-07-2017 2312
28-07-2017 2281
27-07-2017 2296.5
26-07-2017 2284
25-07-2017 2266
24-07-2017 2221
21-07-2017 2212
20-07-2017 2200
19-07-2017 2210
18-07-2017 2245.5
17-07-2017 2302
14-07-2017 2264
13-07-2017 2294
12-07-2017 2310
11-07-2017 2292
10-07-2017 2267.5
07-07-2017 2270
06-07-2017 2266
05-07-2017 2245
04-07-2017 2272
03-07-2017 2284
Zinc
Date(Fix.) ($/MT)
Average 2785.10
31-07-2017 2802
28-07-2017 2766
27-07-2017 2808.5
26-07-2017 2805
25-07-2017 2824.5
24-07-2017 2776
21-07-2017 2758
20-07-2017 2737
19-07-2017 2761
18-07-2017 2769
17-07-2017 2819.5
14-07-2017 2769
13-07-2017 2826
12-07-2017 2843
11-07-2017 2771.5
10-07-2017 2775
07-07-2017 2778
06-07-2017 2785
05-07-2017 2767
04-07-2017 2766
03-07-2017 2780
Tin
Date(Fix.) ($/MT)
Average 20272.86
31-07-2017 20930
28-07-2017 20825
27-07-2017 20855
26-07-2017 20575
25-07-2017 20450
24-07-2017 20445
21-07-2017 20325
20-07-2017 20250
19-07-2017 20250
18-07-2017 20080
17-07-2017 20040
14-07-2017 20000
13-07-2017 20000
12-07-2017 20005
11-07-2017 19925
10-07-2017 19900
07-07-2017 20050
06-07-2017 20025
05-07-2017 20200
04-07-2017 20300
03-07-2017 20300
Nickel
Date(Fix.) ($/MT)
Average 9481.67
31-07-2017 10235
28-07-2017 10180
27-07-2017 10105
26-07-2017 9915
25-07-2017 9885
24-07-2017 9560
21-07-2017 9560
20-07-2017 9540
19-07-2017 9720
18-07-2017 9595
17-07-2017 9580
14-07-2017 9380
13-07-2017 9185
12-07-2017 9210
11-07-2017 8980
10-07-2017 8885
07-07-2017 8950
06-07-2017 9090
05-07-2017 9065
04-07-2017 9125
03-07-2017 9370
Cobalt
Date(Fix.) ($/MT)
Average 57069.05
31-07-2017 57500
28-07-2017 57500
27-07-2017 57500
26-07-2017 57500
25-07-2017 57500
24-07-2017 58500
21-07-2017 58500
20-07-2017 59000
19-07-2017 59000
18-07-2017 58500
17-07-2017 59000
14-07-2017 59500
13-07-2017 59500
12-07-2017 59500
11-07-2017 60000
10-07-2017 60000
07-07-2017 60000
06-07-2017 61500
05-07-2017 20200
04-07-2017 58750
03-07-2017 59500