Adobe股票
For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts from particular commodity markets.
manbetx赢钱网址, a sister site of ours, scours the landscape for what matters. This week:
Tata Group in talks over U.K. bailout
manbetx赢钱网址Metalminer的Stuart Burnsdetailed the challengesIndia’s Tata Group faces in the U.K., where it operates steelmaking enterprises.
“Despite considerable investment over the years, British Steel operations has failed to break even at the operating level for a decade,” Burns wrote. “According to a报告金融时报,钢铁制造商正在出血现金。
“The latest set of accounts, pre-COVID, showed a pre-tax loss of £857 million before one-off items in the 12 months ending March 31. For the same period the previous year, the company ran a deficit of £146 million.
“更糟糕的是,账户第一次觉得需要谨慎对其未来资金的”物质不确定性“,并对其继续作为持续关注的能力作出重大怀疑。”
In light of its financial struggles, the firm is reportedly in talks with the British government over possible state aid.
“通常,英国保守党政府将坚定地反对国家救助,”伯恩斯补充道。然而,“这一政府在许多政府中表现出自我在许多政府中更为社会主义。
"As such, don’t count out the possibility that the government may cut some kind of deal with Tata."
铝的LME-SHFE套利
Meanwhile, Maria Rosa Gobitz took alook at the aluminum market本月的铝业MMI报告。
“The LME price reached $1,818/mt on Sept. 1, a level it had not reached since January 2020,” she wrote.
”与此同时, the SHFE price reached CNY 14,960/mt on Aug. 24. However, the SHFE aluminum prices continued to move higher than the LME price.
“Throughout the month, SHFE prices were approximately $360/mt to $415/mt higher than the LME price. Some of the arbitrage has occurred due to the weakening of the U.S. dollar, which makes the Chinese price appear higher.”
铜价找到支持
铜在今年是金属金属中的主要立管。
上个月持续的趋势 - 与其他金属一样,通过中国的强烈需求(加上供应恐惧)的强烈需求,支持。
“LME copper prices declined for the first half of the month and, after increasing, traded sideways, moving from $6,439/mt at the end of July to $6,702/mt in August,” Gobitz explained. “The SHFE price followed a similar trend to the LME price. Both prices had not reached this level since June 2018.
“LME仓库中的铜库存持续下降,收于89,350吨。自2006年1月以来,股票没有跌至这一较低的水平。“
美国钢材价格上涨
Meanwhile,美国钢材价格showed upward movement last month.
Why? As Gobitz explains, the recovering automotive sector is likely one primary contributing factor.
“The recovery of the U.S. auto industry might be driving the steel price increases, she wrote.
“U.S. auto production continued to improve. Producers such as General Motors, Ford and Fiat Chrysler ramped up their assembly plants.
“However, supply has not quite caught up with demand. As such, U.S. auto inventory continues to tighten.”
银齿状
After a surge in the silver price this summer, theprecious metal steadied somewhat to close August.
3月份的银价格下跌低于每盎司13美元,在8月上半年接近每盎司30美元。然而,此后,价格下降,达到每盎司27美元的价格稳定。
在其他与贵金属相关的新闻中,美联储本周宣布了计划实现高于2%以上的通胀水平,以达到2%的长期平均水平。
不锈钢附加费再次增加
不锈钢附加费连续第四个月获得, Gobitz explained Thursday.
“Alloy surcharges for 304 in September will be $0.6231/lb, an increase of $0.0361/lb compared to August,” Gobitz wrote.
“在过去的一个月里,LME镍价增加约12%,截至8月底,高达15,442美元/吨。”
Iron ore takes a break
炼钢原料铁矿石今年享有相当迅速的上升,在其冠状病毒回收和相关刺激措施中受到中国需求。
The rise of the iron ore price, however, has taken a bit of a breather of late. In that vein,烧伤推测on if the recent trend does in fact constitute a break en route to even higher prices — or, if the price has reached its top.
“Industrial production in China accelerated in August,” Burns explained. “With the Chinese national holidays coming in early October, continued restocking is likely to support prices over the next 2-3 weeks.
“However, as winter approaches, construction is unlikely to continue at the heady pace of this summer.
“China’s stimulus measures have been a major driver of both sentiment and actual demand. However, the measures are not as construction-heavy as they were after the financial crisis.”
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