November 2020

MORNING VIEW: Base metals mainly bullish; copper romps ahead, helped by strong Chinese data

Base metals prices were mainly stronger this morning, Monday November 30, helped by strong Chinese manufacturing purchasing managers’ index (PMI) data and a weaker dollar, but some of the metals are starting to look tired.

Iron ore concentrate, pellets prices stable at highs

Prices for seaborne iron ore concentrate and pellets inched up in the week to Friday November 27 amid increased demand for concentrate and tightened supply of pellets, market sources told Fastmarkets.

LIVE FUTURES REPORT 27/11: Copper up 4.5% since Monday; nickel, zinc, lead post 2020 highs

Copper’s three-month price was the star performer on Friday November 27, rising by nearly 4.5% from Monday’s closing price, with most other base metals managing to set fresh year-to-date highs.

SHFE STOCKS REPORT 27/11: Base metals stocks fall; nickel down by 7.7%

Except lead and tin, base metals' deliverable stocks in Shanghai Futures Exchange-registered warehouses declined in the week to Friday November 27, with nickel inventories down by 7.7%, the highest decline in percentage terms.

IRON ORE DAILY: Prices continue to rise amid decline in port inventories

Iron ore prices increased further on Friday November 27, supported by declining port inventories and strong demand for steel, sources told Fastmarkets,

COKING COAL DAILY: Seaborne prices quite flat; fob market active

Seaborne coking coal prices across the board remained relatively flat on Friday November 27, with trading active in the fob market, sources said.

LIVE FUTURES REPORT 27/11: Copper surpasses $7,500/t in morning trading

Copper and nickel continued their bullish momentum on Friday morning, with the red metal surpassing $7,500 per tonne - a price last seen in June 2013.

MORNING VIEW: Base metals bullish; copper, nickel in driving seat

The base metals remain buoyant on good volumes this morning, Friday November 27, but equity indices were looking mixed.

LIVE FUTURES REPORT 26/11: Copper closes above $7,400 in broad upswing

Copper’s three-month price finished above $7,400 per tonne at the 5pm close of trading on Thursday November 26, taking the base-metals complex on an uptrend across the board.

IRON ORE DAILY: Prices up amid steel inventory decrease

Iron ore prices gained on Thursday November 26 on support from decreasing steel inventories, sources told Fastmarkets.