September 2020

IRON ORE DAILY: Prices rebound amid active trading, solid demand in low-grade fines

Iron ore prices rebounded on Friday September 18 amid active trading in the seaborne market and in ports, while low-grade fines performed well on solid demand.

COKING COAL DAILY: Seaborne hard coking coal indices tick up amid cautious optimism

Seaborne hard coking coal indices in both fob and cfr markets rose slightly on Friday September 18 following the latest transaction, while most market participants remain in wait-and-see mode.

CHINA HRC: Prices edge up on buying spike

Eastern China’s hot-rolled coil prices edged up on Friday September 18 on a pick-up in trading activity.

LIVE FUTURES REPORT 18/09: Fresh cancellation pushes LME zinc price above $2,500/t; copper breaches $6,800/t

The three-month zinc price on the London Metal Exchange was trading firmly above nearby resistance levels during morning trading on Friday September 18 after 1,500 tonnes were freshly booked out of LME-registered warehouses in Vlissingen, while a steady dip in the dollar index helped LME copper break above the $6,800-per-tonne threshold.

CHINA REBAR: Adverse weather, cheaper raw materials deprive market of upside

Heavy rain and a price decrease for raw materials deprived China’s domestic rebar market of any upward momentum this week. Rebar prices stopped falling on Friday September 18 on rising futures, which kept it at the same level as a week earlier.

MORNING VIEW: Sentiment in metals remains bullish as dips bought

This time yesterday base metals prices were down across the board, but with the exception of Shanghai Futures Exchange tin, they were all up during morning trading on Friday September 18 – showing sentiment remains bullish overall with dips being bought.

LIVE FUTURES REPORT 17/09: LME nickel price back above $15,000 despite general downturn; copper improves

The three-month price of nickel on the London Metal Exchange was slightly higher at the close of trading on Thursday September 17, gathering momentum above the $15,000-per-tonne threshold despite continued selling pressure over the day.

COKING COAL DAILY: Hard coking coal indices rise on latest transactions; premium prices flat

Fastmarkets' premium hard coking coal indices remained flat on Thursday September 17, while the hard coking coal indices pushed up in response to reports of a transaction on Wednesday.

IRON ORE DAILY: Weaker sentiment prompts downtrend in seaborne prices

Seaborne iron ore prices remained on a downward trend on Thursday September 17 amid weaker market sentiment, trade sources told Fastmarkets.

LIVE FUTURES REPORT 17/09: LME base metals prices slide amid Fed disappointment; nickel, zinc slip below nearby support

Three-month base metals prices on the London Metal Exchange were collectively lower during morning trading on Thursday September 17, with selling pressure emerging after the US Federal Reserve pledged to keep interest rates low on Wednesday, but offered little in the way of further fiscal stimulus.