November 2019

FREE WEB SEMINAR: Introducing the new Fastmarkets LME aluminium MJP contract

Fastmarkets will host a free web seminar on Monday November 25 at 9:30am London time, to introduce the new Fastmarkets-settled London Metal Exchange cash-settled main Japanese ports (MJP) aluminium premium contract.

IRON ORE DAILY: 65% seaborne price crosses $100/t mark for the first time since early October

The Fastmarkets index for iron ore 65% Fe Brazil-origin, cfr Qingdao, rose on Friday November 22, breaching the $100-per-tonne mark for the first time since October 8.

COKING COAL DAILY: Seaborne prices post small gains

Prices for seaborne premium hard coking coal rose on Friday November 22, though participants said that there was little room for the market to strengthen significantly in the coming weeks.

CHINA REBAR: Prices dip in eastern region amid output concerns

Eastern China’s rebar prices dropped slightly on Friday November 22 - the first downward movement in 10 days - amid concerns over high production rates, though futures picked up.

LIVE FUTURES REPORT 22/11: Fresh cancelation boosts LME copper price; lead gains ground

The three-month copper price on the London Metal Exchange was higher across morning trading on Friday November 22, with price action bolstered by a fresh cancelation of 28,725 tonnes, while positive forward spreads further supported buying activity.

CHINA HRC: Mills maintain export offers amid strong domestic market

China’s hot-rolled coil exporters maintained high offers on Friday November 22 amid price gains in the country’s eastern region.

MORNING VIEW: Most LME base metals prices on back foot while direction of trade talks remains uncertain

With confusing news over United States-China trade talks, the markets are unsettled this morning, Friday November 22; the path of least resistance for the metals is to the downside, but with prices already weak, support is being encountered.

LIVE FUTURES REPORT 22/11: Cautious trade optimism buoys SHFE base metals prices; tin rises 0.9%

Base metals prices on the Shanghai Futures Exchange were mostly up during the morning trading session on Friday November 22 after a sense of optimism returned to the market following reports that China’s top negotiator had invited United States delegates to Beijing for face-to-face talks.

LIVE FUTURES REPORT 21/11: LME tin price jumps up 2%; lead worst performer at the close

The three-month tin price on the London Metal Exchange rose by 2.4% against high turnover at the close of trading on Thursday November 21, while lead futures continued their decline over the afternoon.

COKING COAL DAILY: Transactions in premium segment push up fob Australia prices

Seaborne coking coal prices remain resilient, with trading activity involving products in the premium segment not showing any signs of slowing down.