Copper Cont.: Lackluster demand from China, along with a stronger dollar, has exerted downward pressure on copper prices, leading it to drop to its lowest levels in four months. #Copper #ASA #Commodites

Copper continues to trade within a triangle pattern, characterized by lower highs and higher lows, which has been prevalent throughout much of 2023. As we enter the final week of September, copper is hovering around the $3.67/lb. mark. @ASA_HQ #commodities #FRIDAY

Hot-rolled coil carbon steel pricing has continued downward during the past month. We have seen pricing fall from around $730 per ton, to $704 per ton. The current quote is the lowest price since December of 2022.

Oil prices fell on Tuesday as a stronger U.S. dollar compounded concerns that demand for fuel will be held back by major central banks keeping interest rates higher for longer than expected. Brent was down 0.55%, at $92.78 a barrel while U.S. WTI was down 0.52%, at $89.21.

MONDAY COPPER UPDATE from @Nasdaq: Priced at $3.694, Prior Settlement: $3.696, 52 Week High: $4.2675, 52 Week Low: $3.2835 #copper #Monday

Currently, China is the world's leading consumer of steel. A potential energy shortage could have an impact on steel prices if it becomes too cost prohibited to produce steel. #Thursday #Commodities #Steel

HRC Steel Update from @MarketWatch: $707.00, +1.00, +0.14% #commodities #HotRolledCoil

Copper Update from @Nasdaq: $3.801, -0.0205 (-0.54%) #Copper #Monday

Nickel Price Update: As of September 13th, the price of Nickel per lb: $9.0074, while just the day before, the pricing per lb was listed at $8.9283.

#commodites #Friday

Led by a decline in softwood lumber and steel mill prices, overall building material prices fell in September with the notable exception of ready-mix concrete, which continues to grow at a rapid clip.

Commodity Update from @OilandEnergy:

Oil: $89.17, +0.27%

BRENT: $92.34, +0.28%

NAT GAS: $2.734, -0.009%

ETHANOL: $2.16, 0.00% #Wednesday #PVF

On a global basis, OPEC+ cuts in production are still expected to continue through September and into October.

A potential energy shortage could have an impact on steel prices if it becomes to cost prohibitive to produce steel. That is likely a far-off scenario. #Friday #Commodities

Steel Update: From the Distributor Side With steel products softening, it puts the wholesaler in a bit of a pickle. Smaller wholesalers with little inventory can broker their way into projects. The question is when is the right time to change the price?

The Federal Reserve followed through with a quarter-point hike in July but is expected to pause at the next meeting in September. #commodities #Tuesday