October 2021

LIVE FUTURES 26/11: LME prices mostly lower; spreads continue in backwardation

London Metal Exchange prices were mostly lower on the morning of Tuesday October 26, with copper leading the decline with a 1.2% fall and nickel being the exception. Most nearby spreads remained in backwardation, indicating tightness in various markets.

CHINA REBAR: Favorable weather improves end-user demand

Rebar demand in China’s domestic market strengthened on Tuesday October 26 amid good weather, though prices were unchanged with sellers coming under destocking pressure.

LIVE FUTURES 25/10: Focus on fundamentals help LME copper prices shrug-off bearish China developments

Base metals on the London Metal Exchange closed the session higher on Monday October 25, but market participants expect further weakness in coming sessions.

COKING COAL DAILY: Seaborne prices stable; Shanxi unveils winter production restrictions plan

Seaborne coking coal prices were relatively stable across the board on Monday October 25, with no transactions heard, sources told Fastmarkets - although some Chinese coke producers proposed price hikes and Shanxi province unveiled its winter restrictions plan.

IRON ORE DAILY: Prices largely stable amid weak demand outlooks

Seaborne iron ore prices were largely stable on Monday October 25, but market sentiment was weak due to poor iron ore and steel demand outlooks, market sources said.

CHINA HRC: Prices stable amid thin trading

Spot prices for hot-rolled coil in China were stable on Monday October 25, with thin liquidity and volatile prices keeping buyers in wait-and-see mode, sources told Fastmarkets.

CHINA REBAR: Prices rebound after Evergrande says will resume projects

China’s domestic rebar prices recovered some losses on Monday October 25 after debt-ridden developer Evergrande Group announced a resumption of its construction projects in several Chinese cities.

LIVE FUTURES 25/10: LME aluminium up 2%, supported by China's power restrictions

London Metal Exchange futures prices were broadly up on the morning of Monday October 25, following a substantial sell-off on the previous Friday, with concerns about power restrictions in China supporting higher aluminium prices.

Ukrainian, Sierra Leonean iron ore concentrate sold to China amid mixed outlook

Prices for seaborne iron ore concentrate and pellets decreased along with the futures contract for the steelmaking raw material in the week ended Friday October 22.

LIVE FUTURES 22/11: LME aluminium back at $2,800/t; copper, nickel continue to slide

London Metal Exchange base metals prices were mostly lower at the 5pm close on October 22, with investors looking to book profits from peaks reached earlier in the week.