August 2020

IRON ORE DAILY: Seaborne prices ease further amid limited trading

Seaborne iron ore prices eased for the second consecutive trading session on Monday August 24 amid limited trading activity, according to trade sources.

COKING COAL DAILY: Seaborne prices flat on lack of trading

Seaborne coking coal prices were relatively flat on Monday August 24 due to a lack of transactions, sources told Fastmarkets.

LIVE FUTURES REPORT 24/08: Vaccine optimism boosts LME base metals complex; copper price up 1.2%

Three-month base metals prices on the London Metal Exchange were up during morning trading on Monday August 24, with market optimism over a Covid-19 vaccine rising after US regulators approved the use of convalescent blood plasma as a treatment option, while continued weakness in the US dollar index also provided support.

Seaborne prices for iron ore concentrate, pellets rise despite limited liquidity

Seaborne iron ore concentrate and pellet prices rose again in the week ended Friday August 21 amid rising futures despite a weakening of demand, sources told Fastmarkets.

COPPER CONCS SNAPSHOT: TC/RCs hit new low for third consecutive week

Fastmarkets copper concentrate treatment and refining charge (TC/RC) index continues to set new lows and has done for three weeks in a row.

Tin facing serious supply tightness as China sucks in stocks but falls far short of target

China’s plans to stockpile some 40,000 tonnes of tin in the coming year could threaten the London Metal Exchange’s smallest market with further tightness, sources have told Fastmarkets.

COKING COAL DAILY: Seaborne premium price up on ex-China demand

Seaborne premium hard coking coal prices edged up on Friday August 21, with ex-China demand picking up, sources said.

IRON ORE DAILY: Prices correct after Tokyo Steel resumes steel exports to China

Iron ore fines prices were lower across the board on Friday August 21 after news Tokyo Steel will resume exports to China delivered a blow to market expectations for domestic steel production and demand for iron ore.

LIVE FUTURES REPORT 21/08: Eurozone PMI weakness weighs on LME base metals complex; copper sinks below $6,600/t

Three-month base metals prices on the London Metal Exchange were mostly down during morning trading on Friday August 21 after the release of key purchasing managers’ index (PMI) data out of Europe disappointed, while copper futures took the brunt of the decline over the morning in a 1.2% drop.

SHFE STOCKS REPORT 21/08: Lead stocks fall 4.5%; zinc inventory up 1.5%

Lead stocks in Shanghai Futures Exchange-registered warehouses fell the most in percentage terms - by 4.5% or 1,522 tonnes to 32,403 tonnes - in the week to Friday August 21.