LME Aluminum prices continue to move lower as the US dollar rallies. |
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The LME Aluminum 3M contract was down nearly 2% yesterday. The US Dollar Index and metals prices normally trade inversely to each other. The USD Index has rallied in November and is now at a 16-month high. Yesterday President Biden signed the $1 trillion infrastructure bill into law. This could be supportive to metals prices once projects begin. (11/16/2021) |
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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 11/15/2021: Here's what's in the bipartisan infrastructure package 11/15/2021: US states and cities are already making big plans for the $1 trillion infrastructure bill 11/15/2021: METALS-Copper prices ease on firm dollar, weak Chinese property data 11/12/2021: Lithium prices keep rising on the strength of the Chinese market |
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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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