October 2021

IRON ORE DAILY: Prices down amid weak buying, poor outlook

Seaborne iron ore prices inched downward on Wednesday October 27 because most market participants were cautious about procurement amid the generally weak demand outlooks for the rest of 2021, market sources said.

CHINA HRC: Prices drop as coal-led tumble resumes

Spot prices for hot-rolled coil in China fell further on Wednesday October 27, with the coal-led broad-based decline in the futures markets resuming following the state planner’s latest attempt at cooling coal prices.

CHINA REBAR: Increased supply pushes down prices

China’s domestic rebar prices dropped sharply on Wednesday October 27 due to high supplies and weak demand.

LIVE FUTURES 27/10: LME aluminium price down 3.3% in high volume

The three-month aluminium price on the London Metal Exchange was the underperformer during morning trading on Wednesday October 27, but all the base metals were weaker amid growing macroeconomic headwinds.

GLOBAL NICKEL WRAP: US briquette premium hits new high; Chinese premiums up too

The nickel briquette premium in the United States surged by 10% this week amid supply tightness while those in China also rallied amid a favorable arbitrage.

GLOBAL ALUMINIUM WRAP: Sell-off continues in Europe; premiums in US, Japan flat

Aluminium premiums in Europe continued to decline in the week ended Tuesday October 26, while premiums in the US Midwest and in Japan were stable. But demand has begun to waver across the globe.

LIVE FUTURES 26/10: LME base metals prices dip; aluminium volumes remain high

Base metals prices on the London Metal Exchange were down across the board at the 5pm close of trading on Tuesday October 26.

COKING COAL DAILY: Seaborne premium prices dip on thin trading

Seaborne premium coking coal prices inched downward on Tuesday October 26 with no trading in the market. Meanwhile, Chinese mills were still to accept the domestic coke price increase proposed on Monday.

IRON ORE DAILY: Support from mills prompts short-term increase in seaborne iron ore prices

Seaborne iron ore prices rose on Tuesday October 26 amid some short-term positivity in demand for iron ore, sources told Fastmarkets.

CHINA HRC: Prices slip amid overnight losses in futures market

Spot prices for hot-rolled coil in China fell on Tuesday October 26 amid weakening demand and a weakening of the futures market on Monday night.