Chile Commodities September 2016

Chile

Chile: Copper prices remain subdued in October

In October, copper prices increased following two consecutive drops and averaged USD 2.15 per pound (equivalent to USD 4,731 per ton). This represented a soft 0.2% monthly increase from September’s average price of USD 2.14 per pound. In annual terms, copper prices dropped 9.3% in October (September: -9.5% year-on-year), marking the 27th consecutive annual fall.

Since dropping to an over six-year low in January, copper prices have been hovering at low levels. Concerns over a slowdown in China—the world’s top copper consumer—and excess supply have been driving a sell-off of copper and other major commodities, pushing their prices down over recent years.

Panelists participating in the LatinFocus Consensus Forecast expect copper prices to average USD 2.16 per pound in 2016 and USD 2.23 per pound in 2017.


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Chile Commodities Chart


Chile Commodities September 2016 0

Note: Cash seller and settlement price.
Source: London Metal Exchange (LME).


Chile Economic News

  • Chile: Consumer confidence dips in January

    February 13, 2017

    The Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) dropped from 40.1 points in December to 39.2 points in January, marking the first decline in five months.

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  • Chile: Inflation picks up in January

    February 8, 2017

    Consumer prices in Chile rose 0.5% in January compared to the previous month, contrasting December’s 0.2% fall and coming in substantially above analysts’ expectations of a 0.2% rise, marking the largest increase for 17 months.

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  • Chile: Business confidence rises in January

    February 6, 2017

    The business confidence index (IMCE, Indicador Mensual de Confianza Empresarial) published by ICARE and the Universidad Adolfo Ibáñez rose to 44.9 points in January, a substantial improvement from December’s 41.5 points and marking the highest reading in eleven months.

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  • Chile: Economic activity rises in December

    February 6, 2017

    Economic activity in Chile rose 1.2% in December compared to the same month of the previous year, according to the Monthly Indicator for Economic Activity (IMACEC).

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  • Chile: Copper prices tick up in January

    February 1, 2017

    Copper prices rose slightly in January, building on the mild recovery in prices seen towards the end of 2016.

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