January 2021

COKING COAL DAILY: Premium fob price jumps; likely weather related

The seaborne premium coking coal fob price jumped on Wednesday January 27 following two transactions done at over $150 per tonne fob Australia due to weather concerns, market sources said.

LIVE FUTURES REPORT 27/01: Tin and zinc retreat by 1%; zinc hit by further 60,000t intake

The base metals complex on the London Metal Exchange drifted lower in morning trading on Wednesday January 27, with lead and tin experiencing the biggest declines at 9am, and zinc also trending downwards following a sizable increase in LME warehouse stocks the previous day.

CHINA REBAR: Futures rise after MIIT announces measures to cut output

China’s domestic rebar prices rose on Wednesday January 27 on rising futures following news that the Ministry of Industry & Information Technology would require mills to cut their crude steel output in 2021.

MORNING VIEW: Base metals prices more negative than positive – waiting for fresh direction

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part weaker while the market waits for direction from the US Federal Reserve when the Federal Open Market Committee (FOMC) concludes its meeting this evening.

LIVE FUTURES REPORT 26/01: LME tin price nears $23,000/t, lead rises by 1.5%

Tin and lead’s forward prices on the London Metal Exchange continued their advances, with rises of over 1.5% on Tuesday January 26 and tin nearing the $23,000 per tonne mark, supported by falling stocks and a lower dollar index.

Grafton Warehouse Services listed as new LME warehouse company

The London Metal Exchange has registered Grafton Warehouse Services' Port Klang warehouse to be a part of the London Metal Exchange's network, according to a notice from the exchange on Tuesday January 26.

FOCUS: Stock decline, Covid-19 supply issues put tin spreads in widest back since ‘09

The cash price for tin and its benchmark forward spread are receiving a boost from a short-term lack of supply on the London Metal Exchange - the question is when and how stocks on the exchange will return.

IRON ORE DAILY: Prices down amid weak demand, Chinese plans to cut crude steel production

Iron ore prices fell on Tuesday January 26, due to weakening demand generally and in response to China's announcement about its plans to cut crude steel production in 2021 as part of its 14th Five-year Plan.

COKING COAL DAILY: Seaborne fob prices increase on limited supplies, weather concerns

Seaborne prices for Australian premium hard coking coal increased on Tuesday January 26, with sellers holding back their offers and buyers increasingly concerned over severe weather conditions, sources told Fastmarkets.

LIVE FUTURES REPORT 26/01: Tin breaches $22,700/t; zinc falls almost 1%

The London Metal Exchange tin price continued to climb during morning trading on Tuesday January 26, while the rest of the base metals had a more mixed start to the day given a steady US Dollar Index and possible delays to the United States’ $1.9 trillion Covid-19 economic stimulus package.