October 2020

SHFE STOCKS REPORT 23/10: Base metals stocks diverge

Deliverable stocks of base metals in Shanghai Futures Exchange-registered warehouses diverged in the week to Friday October 23, with aluminium dominating the declines and tin leading the growth side of the equation, in percentage terms.

CHINA HRC: Exporters ask higher prices on limited resources

China’s hot-rolled coil exporters raised offers on Friday October 23 amid limited supply, while domestic price gains also boosted sentiment.

CHINA REBAR: Prices stop rising in eastern region on selling pressure

Rebar prices in eastern China lost their upward momentum on Friday October 23 amid destocking pressure experienced by sellers. But prices in the region ended the week 30 yuan per tonne, largely due to Monday’s gains.

LIVE FUTURES REPORT 23/10: LME base metals trade broadly higher with US relief deal, elections in focus

The London Metal Exchange base metal prices barring aluminium traded higher on Friday October 23, with the US dollar on shaky ground.

LIVE FUTURES REPORT 22/10: LME zinc price outperforms despite sell-off; copper down 1%

The three-month price of zinc on the London Metal Exchange was the standout performer at the close of trading on Thursday October 22, making a steady approach toward resistance at the $2,600-per-tonne threshold.

LME WEEK 2020: LME selects lithium hydroxide price to underpin futures contract

The London Metal Exchange will launch a lithium contract based on the monthly average of Fastmarkets’ price assessment for lithium hydroxide monohydrate, it said during an online briefing on Thursday October 22 as part of the annual LME Week event.

IRON ORE DAILY: Seaborne prices down despite active building materials trade

Iron ore prices in the futures and seaborne market decreased while the port market remained relatively stable on Thursday October 22, sources said, adding that deals done for building materials had supported the seaborne and port prices.

COKING COAL DAILY: Seaborne prices steady amid limited trading

Seaborne coking coal prices in both the cfr China and fob Australia markets were flat on Thursday October 22 amid limited trading activity, sources told Fastmarkets.

LIVE FUTURES REPORT 22/10: LME base metals prices downbeat on US fiscal stimulus impasse; nickel slides 1%

Three-month base metals prices on the London Metal Exchange were collectively lower during morning trading on Thursday October 22, with the LME nickel price notching the biggest decline, while a continued impasse over a US coronavirus fiscal stimulus package cooled rallies seen earlier in the week.

CHINA REBAR: Steady demand, inventory drop push up domestic prices

China’s domestic rebar prices recovered some losses on Thursday October 22 on good demand and a drop in inventory levels.