Fill in your E-mail and we will send you a one time password, you can use to login with. Once logged in, you can change your password if you wish. Please note: The temporary code will only be active for 15 min.
Sorry, we could not find your E-mail in our database
Enter one time password
We have send you an email with a one time password
Sorry, the entered one time password is either incorrect or has expired
Week 12 most important news, that have affected the metal prices
Todays commodity prices
3 months LME USD 1.650 / EUR 1.500
3 months CLME USD 5.210 / EUR 4.740
It is still news regarding the coronavirus that drives the commodity market. FED, ECB and central banks have been out trying to ease the situation, but it seems like nothing helps. FED, ECB and central banks can only ease the risk of a global recession, but they can not make the coronavirus go away.
The positive side is that it seems like the worst is over for China and South Korea, so hopefully it is just a matter of time, before Europe and America goes towards better times as well.
At the moment economic figures does not affect the commodity prices, it is only the coronavirus. Stock, bonds and commodity markets are falling, that combined with a lot of people working at home, means that there is not as much liquidity in the market as normal. This means that the prices rise and falls more than they normal would.
The disagreements between Russia and OPEC, which have led to a huge fall in the oil price, have also had an effect on the commodity prices So in many ways we are in a unusual market at the moment.
Even though the economic figures do not have any effect at the moment it is still interesting to see, especially the Chinese key figures, because they give an indication of what to expect when we are past the coronavirus. The Chinese industrial production fell 13,5% in February, on a yearly basis.
Factors that makes the price higher
Announcement of public stimulus in China, Europe and USA.
Trade agreements between China and USA.
Factors that makes the price lower
Low economic growth from China, US and Europe.
The trade war between China and USA. There is a possibility that there will not be an agreement before the summer 2020.