cmdty Scrap Metal Price Index FamilyGet Free Daily Price Report
The cmdty Scrap Metal Price Index family is a series of price and time weighted indexes that represent national fair value pricing for scrap yards within the United States. The indexes are calculated daily and use standardized ISRI (Institute of Scrap Recycling Industries) product classifications to group and refine individual price observations.
Once individual price observations have been normalized into a product type, indexes will only be calculated for products that have 20 or more stated price observations for every working day within the past calendar year. Index eligibility to reviewed on Dec 31st each year after market close, and Barchart will then calculate indexes for eligible scrap metals on the next working day.
Additional prices, including basis values and forward curve information, are available exclusively to subscribers of cmdtyView® - the leading platform for commodity trading – or other data products available through cmdty.
cmdty Scrap Metal Price Indexes
cmdty Insider - Metals Market Commentary
August gold (GCQ21) on Friday closed down -5.80 (-0.33%), and July silver (SIN21) closed up +0.113 (+0.44%).
Gold and silver prices on Friday settled mixed. A rally in the dollar index to a 2-month Friday and hawkish Fed comments were bearish for metals. On the positive side, a decline in T-note yields on Friday supported gains in metals, along with weakness in stocks that sparked some safe-haven demand for precious metals.
Lower global bond yields are bullish for precious metals. The 10-year T-note yield on Friday fell -5.6 bp to 1.448%. The 10-year German bund yield fell -0.5 bp at -0.200%, and the 10-year UK gilt yield is dropped -2.3 bp to 0.752%.
Stronger-than-expected global price pressures are positive for gold demand as an inflation hedge. German May PPI rose +1.5% m/m and +7.2% y/y, stronger than expectations of +0.7% m/m and +6.4% y/y. The +7.2% y/y gain was the largest year-on-year increase in 12-1/2 years. Also, Japan May national CPI ex-fresh fo... Read more