October 2021

China's Yulin calls for coal prices to be cut, price ceiling imposed

The mayor of China's Yulin city, Shaanxi province, has urged local state-owned coal mines to lower thermal coal prices by 100 yuan ($16) per tonne and set price ceilings for long-term coal supply contracts.

CHINA HRC: Prices fall amid broad-based decline

Spot prices for hot-rolled coil in China fell on Wednesday October 20, after futures tumbled to a one-week low amid a broad-based decline led by coal-related products.

CHINA REBAR: Prices down after coal futures dive

China’s domestic rebar prices decreased on Wednesday October 20 amid weak demand following a sharp decrease in coal futures.

LIVE FUTURES 20/10: Copper edges down following LME-imposed amendments

The London Metal Exchange three-month copper price traded slightly lower during morning trading on Wednesday October 20 following the exchange’s amendments designed to maintain order in the copper market the previous day.

MORNING VIEW: Base metals pull back from near vertical run; LME prices down 1.3% so far on Wednesday

Base metals prices were down across the board on both the London Metal Exchange and Shanghai Futures Exchange this morning, Wednesday October 20, with relatively high volume being seen on the LME.

HOTTER ON METALS: Cooling copper and the credibility challenge

The three-month copper contract is trading near record highs on the London Metal Exchange, cash prices are rising even faster, and inventories are descending toward zero. Try running a hedge book in those conditions.

LME imposes measures to cool copper market

The London Metal Exchange has imposed a series of temporary measures to maintain an orderly copper market after wild outright and spread price moves and dwindling inventories in recent days, the exchange said.

LME WEEK 2021: Winners and losers in the aluminium market

From supply chain disruptions to London Metal Exchange spreads, aluminium market participants discussed a wide variety of topics during LME Week, and what they could mean for the market in the months ahead.

LIVE FUTURES 19/10: Base metals prices dip after strong start

Base metals on the London Metal Exchange closed lower day on day on Tuesday October 19 after a strong open.

COKING COAL DAILY: Seaborne prices relatively stable amid quiet markets

Seaborne coking coal prices were relatively stable on Tuesday October 19, with no trading activity heard. And the seaborne premium fob price will likely remain steady for the rest of the year, several sources said.