Description
The Intercontinental Exchange (ICE) Metal Commodities Index (IMCI) is published by the Intercontinental Exchange. This index serves as a benchmark for the price movements of various base metals traded on the exchange, such as aluminum, copper, and zinc. It is commonly used to gauge the market conditions and price trends in the metal commodities sector. A rising index indicates increasing prices and potentially higher demand, while a falling index suggests decreasing prices and potentially lower demand.
The IMCI is calculated based on the weighted average prices of selected metal commodities traded on the Intercontinental Exchange. The specific metals included and their respective weights in the index may vary, but typically include major base metals such as aluminum, copper, and zinc.
The index is updated daily, reflecting the latest trading prices of the included metal commodities.