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
Feb Comex gold (GCG20) on Friday closed up +9.8 (+0.63%), and Mar silver (SIH20) closed up +0.134 (+0.75%).
Precious metals moved higher Friday with Mar silver at a 1-week high. Gold prices found support on weak UK data that increases the chances for a rate cut by the BOE while silver rose on improved industrial metals demand prospects due to stronger-than-expected U.S. and China economic data.
The 10-year UK gilt yield dropped to 3-month low Friday of 0.609% after weak retail sales data boosted the outlook for a BOE interest rate cut, which is bullish for gold demand as a store of value. Friday's data showed UK Dec retail sales ex auto fuel unexpectedly fell -0.8% m/m, weaker than expectations of +0.8% m/m and matched Nov as the largest decline in a year.
Strength in Chinese and U.S. data on Friday is positive for industrial metals demand and bullish for silver prices after China Dec industrial production rose +6.9% y/y, stronger than expectations of +5.9% y/y... Read more