Base metals prices hover near unchanged after bearish setback last week. |
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The LME Aluminum 3M finished down over 6% last week. It has now wiped away all the gains made since August. According to Reuters, industry professionals claim that industrial demand (especially automotive) has greatly slowed in recent months. (11/8/2021) |
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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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11/01/2021: Section 232 Tariffs: Most relevant developments (AEGIS Reference) 10/28/2021: AEGIS Factor Matrices: Most important variables affecting metals prices 10/14/2021: Is It Wise to Hedge HRC Steel with Crude Oil? |
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Important Headlines & Economic Data |
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AISI Steel Capability Utilization Rate Investing.com Economic Calendar 11/07/2021: China’s coal imports in October nearly doubled from a year ago 11/06/2021: Honda Motor (HMC) Q2 2022 Earnings Call Transcript 11/05/2021: Honda profit dips 30% as chip crisis hits output, sales |
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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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