Global metals demand forecasts remain healthy, so the deciding factor in the price momentum of particular metals in 2017 likely hinges on supply. That was the consensus of panelists at a session at LME (London Metal Exchange) Asia Week 2017, held in Hong Kong in May. Zhu Yi of Bloomberg Market Intelligence said both capital inflows and supply-demand fundamentals are affecting base metal prices, but an era when a “huge inflow” of money was invested into commodities seems to have tapered off.
China’s massive annual steel output is the result of several factors, according to panelists at the Ferrous Spotlight session at ISRI2017, the annual convention of the Washington-based Institute of Scrap Recycling Industries (ISRI). The impacts of China’s massive steel sector—considered to be overbuilt by most industry analysts—continue to weigh heavily on ferrous scrap pricing, they also commented.
Compared with copper or ferrous scrap, aluminum recently has had a reputation as a more stable commodity in terms of pricing. An analyst invited to speak at the Spotlight on Aluminum session at ISRI2017, the annual convention of the Washington-based Institute of Scrap Recycling Industries Inc. (ISRI), has predicted that aluminum looks likely to trade in its accustomed range throughout 2017 because of a push and pull between positive and negative factors.