LME Aluminum 3M, Nickel 3M, and Zinc 3M up over 2% overnight to finish bullish week. |
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Rampant production cuts because of high energy costs continue to push base metals higher. LME Zinc 3M is poised to finish the week up nearly 18% after one of Europe’s largest producers announced significant production cuts. LME Copper 3M is up nearly 9% on the week, and LME Aluminum 3M is up nearly 7%, respectively. AEGIS conducted 90,000 energy hedges in 2020. Please contact us for strategies to hedge your fuels exposure. (10/15/2021) |
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Note: Clients with AEGIS Platform access can see this and other research, plus hedge portfolio reporting and tools here. |
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Price Indications |
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Today's Charts |
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AEGIS Insights |
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10/14/2021: Is It Wise to HRC Steel with Crude Oil? 10/5/2021: Section 232 Tariffs: Most relevant developments (AEGIS Reference) 09/16/2021: AEGIS Factor Matrices: Most important variables affecting metals prices 09/07/2021: China Exports Are an Economic Spot as Value Hits All-Time High 08/09/2021: China's Copper Imports Slow as Prices Weigh on Demand |
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Important Headlines & Economic Data |
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AISI Steel Capability Utilization Rate Investing.com Economic Calendar 10/15/2021: Copper Warehouse Stocks Hit Critical Level in Global Squeeze 10/15/2021: Dow futures rise 130 points, S&P 500 heads for winning week on great start to earnings season 10/14/2021: Aluminum Makers Sound the Alarm About U.S. Magnesium Shortage 10/14/2021: China's PPI rises at fastest pace on record 10/13/2021: Chinese Wholesale Vehicle Sales Plunge 16.5% In September 10/13/2021: U.S. stock futures inch up ahead of JPMorgan results, consumer price inflation 10/13/2021: Zinc producer Nyrstar cuts output by up to 50% at three European smelters on energy price surge 10/12/2021: Evergrande default looms as another developer warns of trouble 10/12/2021: Evergrande bondholders say they have not received $148m interest payments 10/11/2021: Chinese coal prices hit record high and power cuts continue 10/11/2021: Global Energy Crisis Piles Pressure on Aluminum Supply 10/11/2021: LME to Develop Digital Metals Spot Market Beginning With 'Green' Aluminum 10/11/2021: Crisis looms in Britain, steel makers warn
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| Important Disclosure: Indicative prices are provided for information purposes only, and do not represent a commitment from AEGIS Hedging Solutions LLC ("Aegis") to assist any client to transact at those prices, or at any price, in the future. Aegis makes no guarantee to the accuracy or completeness of such information. Aegis and/or its trading principals do not offer a trading program to clients, nor do they propose guiding or directing a commodity interest account for any client based on any such trading program.
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