July 2020

IRON ORE DAILY: Seaborne prices rise but flooding concerns in southern China weigh

Seaborne iron ore prices continued to rise on Tuesday July 14 but the bullish sentiment is cooling due to concerns over flooding in several parts of southern China, sources told Fastmarkets.

COKING COAL DAILY: Seaborne premium material prices decline; burst of transactions today

Seaborne premium hard coking coal prices declined on Tuesday July 14 after several transactions were concluded at lower prices, with sources reporting a burst in trading over the day following inactivity last week.

LIVE FUTURES REPORT 14/07: LME zinc price wipes out Monday’s gains in 2% decline; China imports climb

The three-month zinc price on the London Metal Exchange was the standout underperformer during morning trading on Tuesday July 14, wiping out gains made on Monday amid continued market volatility.

MORNING VIEW: Markets weaker, nervous in case US corporate earnings trigger a reality check

Asian-Pacific equities and the base metals trading on the London Metal Exchange were weaker this morning, Tuesday July 14, with profit-taking emerging in the face of increased Covid-19 cases and earnings uncertainty.

LIVE FUTURES REPORT 13/07: Breakout close leads LME zinc up 3% amid Fed stimulus; copper follows

The London Metal Exchange three-month zinc price recorded its highest settlement price since January at the close on Monday July 13, rallying above nearby resistance despite well-supplied exchange stocks, while copper futures registered a standout turnover against the metal’s continued price incline.

ALUMINA SNAPSHOT: Fob Australia index hits four-month high in lively spot market

Key information from the pricing session for Fastmarkets’ alumina index, fob Australia on Monday July 13.

IRON ORE DAILY: Active trading lifts seaborne prices by over $4/tonne across the indices

Seaborne iron ore prices surged on Monday July 13 amid active trading on the platforms and strong gains in the iron ore futures market.

COKING COAL DAILY: Seaborne premium prices edge down as market stalls

Seaborne premium hard coking coal prices edged downward on Monday July 13 on the influence of recent deals, but there was no activity in the market.

LIVE FUTURES REPORT 13/07: Production woes put LME copper above $6,500/t on high vol; C/3M holds backwardation

The London Metal Exchange three-month copper price increased during morning trading on Monday July 13, up against further supply-related concerns from Chile, while the metal’s forward curve held in backwardation amid strong buying momentum.

Copper price hits 2-yr peak on Chile strike fears [UPDATED]

Copper futures in London and Shanghai soared in early morning trading on Monday July 13 after miners in Chile declared they would strike over wages, Fastmarkets understands.