FERROUS METALS
Commodity analysts IHS Markit on Thursday reported that the Materials Price Index (MPI) had risen by 0.5% in the last week, but that the index’s ten subcomponents were evenly split between those showing increases and those showing declines, highlighting the uncertainty in markets. The MPI measures a weighted average of weekly spot prices for a key collection of globally traded manufacturing inputs, such as crude oil, chemicals, nonferrous metals, ferrous metals, paper pulp, lumber and rubber, besides others.
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