September 2021

LIVE FUTURES 17/09: Lead down 4.9% over week, aluminium back above $2,900

Base metals price movements on the London Metal Exchange were mixed on Friday September 17 following a week marked by volatility, with copper, nickel and lead down, the last-named having been under selling pressure for most of the past five days.

IRON ORE DAILY: Added winter restrictions weaken prices further

Seaborne iron ore prices dropped further on Friday September 17 after more cities in northern China said that they would implement production restrictions in winter, sources have told Fastmarkets.

COKING COAL DAILY: Premium fob price rises in latest trade amid tight supply, high cfr prices

The premium hard coking coal fob price rose on Friday September 17 due to tight supply in the Australian spot market, sources said.

CHINA HRC: Prices retreat despite tighter production curbs

Spot prices for hot-rolled coil in China resumed their decline on Friday September 17 after tighter production curbs failed to offset demand concerns.

CHINA REBAR: Prices stop rising on drop in demand

The upward trend in China’s domestic rebar prices came to an end on Friday September 17, mainly due to a drop in demand for replenishment stocks, sources told Fastmarkets.

LIVE FUTURES 17/09: Few changes in LME prices on low volumes

Most futures contracts on the London Metal Exchange were slightly higher in the morning of Friday September 17, with the exception of nickel, following a Thursday session in which most metals declined.

MORNING VIEW: Base metals mixed across exchanges, but mostly standing still

Base metals prices on the LME and SHFE were mixed on the morning of Friday September 17, with most remaining listless despite being buffeted by a firmer US dollar, generally weaker economic data and disruption to both production and supply.

LIVE FUTURES 16/09: Nickel down 3.1%, copper down 2.7% with dollar at 3-week high

London Metal Exchange base-metals prices were mostly lower at the 5pm close of trading on Thursday September 16, with a rise in the US dollar and the intended release of more metal from China’s reserves weighing on the complex.

COKING COAL DAILY: Offer prices for US-origin coking coal rise, traders hold back

The hard coking coal cfr price rose on Thursday September 16 after Wednesday's surge in the premium hard coking coal cfr price, while offer prices for US-origin coking coal rose further, with market participants in China reluctant to procure material.

IRON ORE DAILY: Weak demand continues to dampen seaborne prices

Seaborne iron ore prices continued to fall on Thursday September 16 amid sustained demand weakness, sources told Fastmarkets.