June 2021

CHINA HRC: Export prices fall amid poor trading [CORRECTED]

Hot-rolled coil prices in China’s domestic market edged higher on Friday June 18, while export prices fell as overseas buyers became more cautious due to the potential imposition of export taxes.

LIVE FUTURES REPORT 18/06: Copper slumps 8% through week, on Chinese news, Fed comments

All base metals prices on the London Metal Exchange were lower on Friday June 18 than at the start of the week, by an average of 5.6%, brought down by a mixture of macroeconomic factors that have stifled the complex’s recent bullish run.

CHINA REBAR: Futures contract loses early-hour gains on mixed market sentiment [CORRECTED]

The October rebar futures contract at the Shanghai Futures Exchange rose in the morning and dropped in the afternoon of Friday June 18 due to conflicting trends in the rebar market.

IRON ORE DAILY: Prices down on news of monitoring, new restrictions

Iron ore prices went down slightly on Friday June 18 on news of state monitoring of the commodities markets, new operational restrictions in Tangshan and market rumors about capacity reductions.

COKING COAL DAILY: Firm demand and tight supply continue to support fob market

Seaborne coking coal prices inched up in the cfr market on Friday June 18 amid supply tightness for both domestic and imported cargoes, while the fob market surged on tight supply.

CHINA HRC: Export prices fall amid poor trading

A correction has been issued for this article.

SHFE STOCKS REPORT 18/06: Zinc inventory falls nearly 11% on robust demand

Most base metals stocks in Shanghai Futures Exchange-registered warehouses decreased in the week to Friday June 18, with zinc recording the largest drop in percentage terms.

LIVE FUTURES REPORT 18/05: LME copper price drops to $9,200/t amid broad-based declines

Most London Metal Exchange base metals prices continued to tumble on the morning of Friday June 18, with copper’s three-month price heading for its worse weekly fall since the start of the pandemic, while nickel rebounded on dip-buying.

MORNING VIEW: LME base metals run into dip buying after recent weakness

Rebounds were under way in the base metals complex in London this morning, Friday June 18, while in Shanghai the base metals mostly reflected the weakness seen on the London Metal Exchange on Thursday.