August 2020

LIVE FUTURES REPORT 27/08: Fed statement sees LME base metals consolidate; tin up 1.2%

Three-month prices for base metals on the London Metal Exchange were mostly flat at the close of trading on Thursday August 27, with investor sentiment jittery after US Federal Reserve chair Jerome Powell announced a greater focus on job security in Thursday’s meeting, while tin futures performed best in high-volume trading.

IRON ORE DAILY: Prices down amid strengthening Tangshan sintering restrictions

Iron ore fines prices declined on Thursday August 27, with market sources saying that the further restrictions on sintering in the Tangshan area of northern China have depressed trading sentiment.

COKING COAL DAILY: Seaborne prices flat; India lends support

Seaborne coking coal prices were relatively flat across the board despite recent transactions done in the fob market, although market participants agreed that India alone cannot support the premium for mid-volatility hard coking coal prices for long.

LIVE FUTURES REPORT 27/08: LME base metals prices broadly consolidate; tin bucks trend with 1.5% gain

Three-month base metals prices on the London Metal Exchange largely consolidated during morning trading on Thursday August 27, with thin turnover seeing price action largely unmoved, while continued weakness in the US dollar index failed to spur buying sentiment across metal markets ahead of this afternoon’s Federal Reserve speech.

LIVE FUTURES REPORT 26/08: Positive US durable goods data sees LME nickel, tin prices push higher

The three-month nickel and tin prices on the London Metal Exchange were the standout performers at the close of trading on Wednesday August 26, with an 11.2% uptick in US durable goods orders supporting the base-metals complex.

GLOBAL ZINC & LEAD WRAP: Shanghai, US, EU zinc premiums flat; US spot demand up

Zinc premiums in China and the United States were flat in the week to Tuesday August 25, with US zinc market participants reporting an increase in spot demand after months, sources said.

IRON ORE DAILY: Mills eye low-grade ore for blending, lending support to seaborne prices

Seaborne iron ore prices rose on Wednesday August 26 amid strong interest from steelmakers for high- and low-grade iron ore fines, trader sources told Fastmarkets.

COKING COAL DAILY: Seaborne premium fob index continues uptrend; Chinese participants constrained

The seaborne premium hard coking coal fob index continued yesterday’s uptrend, with a transaction of premium hard coking coal concluded on Wednesday August 26 while in the cfr market, seaborne prices remained flat due to low liquidity, sources said.

CHINA REBAR: Typhoon Bavi saps demand in some regions but prices flat

China’s domestic rebar prices were stable on Wednesday August 26, but demand in some regions decreased as a result of Typhoon Bavi,

LIVE FUTURES REPORT 26/08: LME nickel passes $15,000/t in 1% rally; aluminium lags behind

The LME three-month nickel price hit a year-to-date high in the morning session on Wednesday August 26, up 1% from the previous day’s close, and at its highest level since November 2019, at $15,140 per tonne.