Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Wholesale metals and automotive equipment sales fell by 14.2pc and 2pc in January, according to the latest US Census Bureau data.


Metal sales declined from $16.26bn in January 2019 to $13.87bn in January 2020, while automotive sales fell from $39.95bn to $39.13bn during the same comparable period. However, metal sales increased by 1.4pc from $13.6bn in December 2019, while wholesale automotive equipment sales rose by 0.3pc from $39.01bn during the same month.


Wholesale sales of machinery equipment declined by 1.2pc in January 2020 to $39.68bn from $40.15bn during the same month in 2019. Machinery sales rose by 3.4pc compared to December 2019, when $38.37bn worth of machinery was sold in the US.


Metals supply remained tight in January 2020 with wholesale metals inventory decreasing by 9.9pc to $31.87bn compared to $35.37bn during the same month in 2019. Inventory also declined by 1.4pc compared with December 2019, when traders held around $32.32bn worth of supplies.


Automotive inventory, however, grew by 0.8pc in January 2020 to $69.72bn compared with $69.17bn held by traders in January 2019. It also grew by 0.1pc from $69.64bn worth of supplies in December 2019. Machinery supply also witnessed an increase of 3.4pc in January 2020 to inventory worth $110.5bn from $106.9bn in January 2019. Machinery inventory grew marginally by 0.1pc from $110.4bn worth of supplies in December 2019.

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