June 2020

COKING COAL DAILY: Seaborne premium indices tick up on deals sealed at higher prices

Seaborne premium hard coking coal prices were pushed up slightly on Thursday June 18 by recent transactions of premium mid-volatility hard coking coal sealed at higher levels.

CHINA HRC: Domestic prices rise amid positive news for downstream sectors

China’s domestic hot-rolled coil prices gained upward momentum on Thursday June 18 after the Chinese government announced financial support for small companies.

CHINA REBAR: Optimism over monetary policy stimulates domestic prices

China’s domestic rebar prices edged up on Thursday June 18 amid rising futures following news about the Chinese government’s plan to ease its monetary policy.

LIVE FUTURES REPORT 18/06: LME copper clears $5,800/t in 1% incline; zinc holds gains

The London Metal Exchange three-month copper price rose during morning trading on Thursday June 18, breaching nearby resistance levels after a sizable fresh cancellation, while zinc futures maintained Wednesday afternoon’s gains in a steady consolidation above $2,000 per tonne.

Strong demand sustaining iron ore prices despite Vale's restart of Itabira ops

Strong demand for seaborne iron ore and uncertainties over Brazilian supply of the steelmaking raw material continue to prop up spot prices despite Vale’s resumption of operations at its Itabira mining complex.

MORNING VIEW: Broad markets consolidating; metals hold up well but crosswinds prompt reassessments

Markets were mixed again this morning, Thursday June 18; equity indices were weighing up the possible impact of second waves of Covid-19 against the supportive measures governments continue to provide and pledge.

China’s stainless steel sellers cut prices to stimulate sales

Chinese traders of stainless steel reduced both their domestic and export prices over the past week to generate more sales, though the nickel market regained its strength in the past couple of days.

LIVE FUTURES REPORT 17/06: LME nickel price slips 1.3% in lackluster afternoon; zinc breaches $2,000/t

The three-month nickel price was the worst-performing LME base metal at the close of trading on Wednesday June 17, with a 1.3% downturn, while a steady climb in zinc futures saw it overcome nearby resistance.

BASE METALS WARRANT REPORT 17/06

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday June 17.

GLOBAL NICKEL WRAP: Thin buying interest keeps premiums flat in all regions

Global nickel premiums were flat in the week to Tuesday June 17, with lackluster demand for physical nickel affecting all regional markets and tempering premiums as a result.