Base Metals And Industrial Commodities- Second Quarter 2019 Review And Outlook For Q3 2019

Base Metals And Industrial Commodities- Second Quarter 2019 Review And Outlook For Q3 2019

Summary
• Base metals fall 8.14% in Q2 erasing most of the gains from Q1- The sector is just 1.69% higher over the first six months of 2019
• An escalation of the trade dispute between the US and China weighed on the prices of LME metals in Q2
• Zinc was the best performer in Q1 and was the worst in Q2 with an over 14% decline
• Nickel was the best-performer with an only 3.13% decline
• The Baltic Dry Index moves higher on seasonal factors while iron ore gains on supply concerns from Brazil