Chinese factory gate prices (PPI) in March rose at their fastest annual pace in nearly three years!
05 May 2021Chinese factory gate prices (PPI) in March rose at their fastest annual pace in nearly three years!
http://www.stats.gov.cn/english/PressRelease/202104/t20210412_1816172.html
Aluminum prices jumped to their highest in nearly three years. The price for aluminum for three-month delivery on the London Metal Exchange has risen to its highest since June 2018, reaching $2,350 per ton. The most-traded May aluminum contract on the Shanghai Futures Exchange rose as much as 2.7% to 18,045 yuan ($2,760.53) a tonne, its highest since August 2011.
https://www.reuters.com/article/global-metals-idCNL1N2M705N
London Metal Exchange (LME) three-month copper hit a near 10-year high of $9,617 per tonne in late February. Goldman says copper is the new oil, raises price forecast to $11,000 per metric ton.