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
Dec Comex gold (GCZ20) on Tuesday closed down -93.4 (-4.58%), and Sep silver (SIU20) closed down -3.212 (-10.98%).
Precious metals on Tuesday sold off sharply with gold prices plunging to a 2-week low. Metals opened lower as stocks rallied after President Trump Monday night said he's "very seriously" considering a capital gains tax cut through an executive order. Metals then plummeted Tuesday morning after U.S. producer prices rose more than expected, which is hawkish for Fed policy and fueled a jump in T-note yields that sparked massive long liquidation in precious metals.
The 10-year T-Note yield on Tuesday jumped to a 3-1/2 week high of 0.653%, which is negative for gold, after U.S. July core PPI rose +0.5% m/m and +0.3% y/y, stronger than expectations of +0.1% m/m and unch y/y, with the +0.5% m/m gain being the largest monthly increase in 1-3/4 years.
An improvement in German investor confidence pushed German bund yields higher Tuesday, which also led to lon... Read more