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Metals in the Americas:The Weekly Extract

2019年9月21日 - 欧洲杯竞猜推荐

The S&P 500 was flat WoW at 2,582, whereas the S&P 500 M&M declined1%
WoW to 107. Within commodities, aluminum declined the most (-3%WoW),
followed by nickel (-2%) and copper (-2%) on subdued ChinaOctober trade
data. Iron ore rose 4% on strong demand from steel mills inEast and
South China which remain unaffected by government’s latestpollution cuts
due to their distance from Beijing. Coking coal rose 3%, inpart, due to
prolonged vessel delays at Australia’s primary coal exportingport.

    Aluminum & Specialty Metals equities decreased 7% WoW, outpacing
thedecline in aluminum price (-3% WoW). Steel & Service Centers
equitiesdeclined 2%, despite 2% upward move in US-HRC price. Industrial
Metalsequities segment was up 1% on higher bulk commodity prices,
despitelower Chinese import data. Precious Metal equities remained flat
(in-linewith gold and silver prices).

    Within Aluminum & Specialty Metals equities, Allegheny Technologies
fell15% WoW largely in-line with dilution impact of 17m share
equityissuance. Amongst Steel & Service Centers equities, Nucor slid
4%,despite announcing $40/st plate price hike. Within Industrial
Metalsequities, First Quantum rose 8% despite a declining copper (-2%).
AmongPrecious Metals equities, Kinross increased 8% following 3Q17
results.

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