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
Apr Comex gold (GCJ20) on Friday closed down -26.2 (-1.59%), and May silver (SIK20) closed down -0.142 (-0.97%).
Precious metals prices on Friday closed lower. Gold fell back as physical demand concerns eased and as silver fell on concern that industrial metals demand will suffer as the coronavirus pandemic continues to spread.
Gold prices on Friday fell back on reduced concerns about the availability of physical gold supplies after the London Bullion Market Association said gold suppliers are in talks to use chartered or cargo flights to transport gold to different delivery points across the globe. Gold prices earlier this week saw strength on tightness in the physical gold market. NY Comex gold futures on Tuesday jumped to the highest premium since 1980 against London gold due to tightness of gold in the physical market. Switzerland's gold refining industry, a major hub for processing gold into bars and coins, has largely shut down because of the coronavirus pandemic... Read more