cmdty Scrap Metals 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.
The indexes are powered by best-in-class grain prices from the cmdty by Barchart product line. 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 (GCZ19) on Tuesday closed down -3.4 (-0.23%), and Dec silver (SIZ19) closed down -0.110 (-0.65%).
Precious metals retreated Tuesday as Dec gold and Dec silver fell to 3-month nearest-futures lows on a rally in the dollar and on reduced safe-haven demand with Tuesday's rally in the global stock markets.
Positive trade news on Tuesday lifted global equity markets and undercut precious metals prices. A Bloomberg report on Tuesday said the U.S. may delay a decision for another 6 months on whether to impose tariffs on European automakers after Volkswagen and Daimler said they will shift parts of their global production to suppliers in the U.S.
Fund liquidation of gold continues and is undercutting gold prices as long gold positions in ETFs dropped to a 1-month low Monday.
Tuesday's European economic data was positive for economic growth prospects and negative for gold demand as a store of wealth after the German Nov ZEW expectations of economic... Read more