SOURCE: MetalMiner

April 05, 2016 07:00 ET

MetalMiner™ Releases Q2 Update for 2016 Buying Outlook on Steel, Base Metals

CHICAGO, IL --(Marketwired - April 05, 2016) - MetalMiner™, the leading B2B resource providing sourcing and trading intelligence for global metals markets to metal buyers and manufacturers of all sizes, released the Q2 update to their 2016 Annual Metals Outlook.

The downloadable PDF is updated quarterly to reflect the most recent market changes. MetalMiner provides detailed price guidance for 10 metals (aluminum, copper, nickel, lead, zinc, tin and various forms of steel), specific sourcing strategies and support/resistance levels where buyers could consider adjusting their strategies throughout the year.

The 2016 Annual Metals Outlook is a companion piece to the MetalMiner™ Monthly Buying Outlook report, which provides detailed guidance and updated price levels throughout the year. This is an essential feature in today's volatile commodity markets and enables more effective sourcing decision-making.

"The recent metal price rally has awoken industrial procurement organizations," said Lisa Reisman, executive editor, MetalMiner. "The big question -- has the market hit bottom -- remains a dominant one and clearly some metals have broken short-term resistance levels."

Reisman added the real question industrial buying organizations should ask themselves is 'Should I modify my purchasing strategy based on current market signals and trends?' And though clearly the recent price rise has sounded some short-term alarm bells for some metals, the bigger picture remains cloudy.

Rather than guessing the absolute bottom or trying to predict the specific price a metal might reach, MetalMiner's Q2 update to its annual report establishes the yearly thresholds buying organizations can follow to help guide their sourcing behavior.

"We have seen more volatility this past quarter than we have had in a long time and that means procurement professionals need to re-examine their metal sourcing strategies," Reisman concluded.

A complimentary copy of the Q2 annual report is available as a free download from the MetalMiner website by clicking here.

MetalMiner also offers custom research for all the metals included in this report. To learn more, please click here.

About MetalMiner™:

MetalMiner™ provides unique insight, analysis and visibility to global metal prices, as well as pragmatic tools for buyers, purchasing professionals and anyone else interested in metals and metals-related markets. MetalMiner is a business unit of Azul Partners, Inc., and part of the Spend Matters Network.

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