June 2020

HOTTER ON METALS: Shining a light on green aluminium

The London Metal Exchange recently reiterated its willingness to facilitate spot trading of low carbon aluminium.

IRON ORE DAILY: Seaborne prices steady while market awaits China's weekly port inventory data

Seaborne iron ore prices were largely unchanged on Thursday June 11, while market participants waited for fresh data on port inventories in China

COKING COAL DAILY: Seaborne premium prices edge up amid concerns over China's import quotas

Seaborne premium coking coal prices edged up on Thursday June 11, possibly supported by concerns over tightening import quotas in China, sources told Fastmarkets on Thursday June 11.

CHINA REBAR: High production increases pressure on prices

China’s domestic rebar prices were flat on Thursday June 11 amid inactivity, but high production rates have raised concerns over a possible downside for the market over the next week.

LIVE FUTURES REPORT 11/06: LME nickel price leads downturn; fresh stock inflow weighs on tin

The nickel price on the London Metal Exchange came under pressure during morning trading on Thursday June 11, with a complex-wide downturn emerging after the US Federal Reserve estimated that the US economy would shrink by 6.5% in 2020.

MORNING VIEW: Metal prices have turned lower after recent strength, broader markets weaker too

Risk assets were weaker this morning, Thursday June 11, with the base metals prices on the London Metal Exchange down across the board, as were Asian-Pacific equities and pre-market major western equity index futures.

China’s stainless steel prices flat amid downstream weakness

China’s domestic stainless steel sellers raised their offers on nickel gains over the week ended Wednesday June 10 but failed to conclude any deals.

LIVE FUTURES REPORT 10/06: LME copper price clears $5,900/t in 2.1% spike; tin notches six-month high

The LME three-month copper price was the standout performer at the close of trading on Wednesday June 10, achieving its highest closing price since January 23, while tin futures similarly recorded a six-month high.

COKING COAL DAILY: Seaborne premium prices edge down

Seaborne premium hard coking coal prices edged down on Wednesday June 10 with transactions sealed at lower levels.

IRON ORE DAILY: Yandi fines perform well amid uncertainty over Brazilian low-alumina ore supplies

Seaborne iron ore prices fell slightly on Wednesday June 10 on scant trading activity, while low-grade Yandi fines from Australia performed well due to uncertainty over supplies of low-alumina brands from Brazil.