October 2021

COKING COAL DAILY: Premium cfr price softens after China customs clears stranded Australian coal

The cfr-basis price for premium hard coking coal softened on news that China allowed stranded Australia-origin coal to clear customs on Thursday October 28, but prices in the seaborne fob market were strong on new trade.

IRON ORE DAILY: Prices down after Tangshan launches tougher emissions restrictions

Iron ore prices were largely down on Thursday October 28, after a dip in demand following the introduction of stricter emissions restrictions in China's steelmaking hub of Tangshan, sources told Fastmarkets.

CHINA HRC: Tangshan’s latest curbs on production likely to slow down decline in prices

China’s domestic hot-rolled coil prices fell further on Thursday October 28, but market participants expect the decline to slow down after the Tangshan steelmaking hub introduced stricter production restrictions.

LIVE FUTURES 28/10: LME base metals prices rebound; copper, nickel up more than 1%

Base metals prices on the London Metal Exchange rebounded during morning trading on Thursday October 28, with nickel and copper leading the pack higher.

CHINA REBAR: Demand picks up after futures strengthen in afternoon session

China’s domestic rebar prices continued to fall on Thursday October 28, but demand picked up following gains in the futures market during the afternoon trading session.

Chinese stainless steel exporters getting more inquiries

Chinese stainless steel exporters received more inquiries over the past week, which pushed prices upward, though the domestic market softened due to losses at the end of last week.

BASE METAL WARRANTS 27/10

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday October 27.

LIVE FUTURES 27/10: All base metals prices down on LME; aluminium, tin fall 5%

Base metals prices on the London Metal Exchange were down across the board at the 5pm close of trading on Wednesday October 27, following a further drop in coal prices and widespread selling.

Chinese aluminium premiums down off 6-year high on subdued demand, closed arb

Prices for aluminium P1020A cargoes offered into China have come down from multi-year highs because of a marked decline in demand, an uncertain near-term outlook and the closure of the London-Shanghai arbitrage window, Fastmarkets heard on Wednesday October 27.

COKING COAL DAILY: Seaborne prices relatively flat despite futures price drop

Seaborne coking coal prices in both the fob and cfr markets were relatively flat on Wednesday October 27. And China’s National Development and Reform Commission (NDRC) intervened in the coal market to curb thermal coal prices, which led to a sharp drop in the coal and coke futures market.