October 2020

COKING COAL DAILY: Seaborne premium prices plummet in buyer's market

Seaborne premium hard coking coal prices plummeted on Tuesday October 20 after market participants lowered their estimates and said the spot market was declining.

IRON ORE DAILY: Seaborne prices steady, IOCJ cargo shortfall prompts strong trade

Seaborne iron ore prices were largely rangebound on Tuesday October 20 but the shortage of iron ore carajas (IOCJ) fines prompted strong trade, market sources said.

LIVE FUTURES REPORT 20/10: LME aluminium price dips on fresh inflows; nickel breaches $15,800/t

The three-month aluminium price on the London Metal Exchange was subdued during morning trading on Tuesday October 20 following a fresh inflow of 17,625 tonnes and continued re-warranting in Port Klang, while nickel futures breached nearby resistance amid steady buying.

CHINA REBAR: Domestic prices stop rising on destocking pressure

China’s domestic rebar prices lost their upward momentum on Tuesday October 20 due to pressure on sellers to draw down their inventories and a subdued futures market.

LIVE FUTURES REPORT 19/10: LME zinc price continues upsurge; tin breaches $18,600 in steady contango

The three-month price of zinc on the London Metal Exchange was the standout performer at the close of trading on Monday October 19, rallying by more than 2.5% against positive forward spreads and robust demand.

LME WEEK 2020: Nickel price has made a ‘stunning’ comeback - ED&F Man’s Ed Meir

With the caveat that he was making “a strange presentation in a strange year,” ED&F Man’s Ed Meir described the recent rebound in the London Metal Exchange three-month nickel as “stunning” during the LME Week metals debate on Monday October 19.

LME WEEK 2020: Lead lacks the buzz-factor; will continue to underperform – AMT’s Mulqueen

The price of lead is down 23% year-on-year and its weak long-term outlook means it will continue to underperform going into 2021, Tom Mulqueen, head of research at Amalgamated Metal Trading, said.

LME WEEK 2020: GFG Alliance’s Gupta calls for sustainably-led ‘reinvention’ of steel, aluminium sectors

In the next 30 years, global demand for both aluminium and steel is likely to double. Against industry calls for a cleaner, more forward-looking supply-chain, however, the chairman and chief executive of GFG Alliance, Sanjeev Gupta, sees climate change as the key accelerator for a sustainability-led reinvention of the sector.

COKING COAL DAILY: Seaborne premium prices edge down; supply tightens in China

Seaborne premium hard coking coal prices edged down on Monday October 19 following the sharp falls on Friday and due to a lack of trading activity.

IRON ORE DAILY: Seaborne prices rangebound, sentiment still weak

Seaborne iron ore prices were largely rangebound on Monday October 19, with sentiment still weak, market participants told Fastmarkets.