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China Zhongwang is a company that is used to controversy.

Benchmark Your Current Metal Price by Grade, Shape and Alloy: See How it Stacks Up

Then again, you don’t get to be the world’s second-largest aluminium extruder in the space of a few years without ruffling a few feathers.

Zhongwang’s attempts to muscle in on the global stage by buying Aleris Corp immediately ran into opposition from U.S. senators. Just this week, Zhongwang USA, an investment firm backed by Zhongwang Group’s chairman and Aleris Corp, announced its intention to extend the deadline for a decision by two weeks to end September, Reuters reported.

Zhongwang USA is not part of Hong Kong-listed China Zhongwang Holdings Ltd, but Liu Zhongtian heads up both companies — a fact that has clouded multiple investigations against one entity or another in recent years.

(more…)

quka/Adobe Stock

In August, base metals experienced a breathtaking rally in prices.

Two-Month Trial: Metal Buying Outlook

For example, aluminum and copper increased by 8% and 9%, respectively. Bullish sentiment dominates the overall industrial metals market. A weaker dollar has also accompanied the uptrend in base metals (although the dollar has had less of an impact this year than it has historically).

Why is Tin Trapped?

Contrary to other base metals, tin appears  trapped in the $19,000-$21,000 range since the beginning of 2017.

While tin has seen less volatility than other base metals, such as copper, it refuses to give signs of moving either up or down. Tin seems to be trading sideways.

Source: MetalMiner analysis of FastMarkets

Looking at fundamentals, tin appears headed for a 22,000-ton deficit for 2017, according to the International Tin Research Institute (ITRI). This supply shortfall, in theory, should act as a price support to tin.

Trading volumes appear stable, too, and are not yet pointing toward any specific direction.

How Have Other Base Metals Traded So Far?

September has started with a general fall in base metal prices, with copper prices seeing the biggest decline.

Source: MetalMiner analysis of FastMarkets

Aluminum, nickel and zinc prices have also fallen since the beginning of this month. The current downtrend is a price pullback — a normal pattern we see after big price gains.

Buying organizations might want to analyze price movements and trading volumes to commit to purchases.

In bullish markets, like we have now, buying organizations can adapt their buying strategies to  time purchases.

Free Download: The September 2017 MMI Report

To understand how to adapt a buying strategy to your needs, dive into our deeper analysis in our Monthly Metal Buying Outlooks.