April 2021

IRON ORE DAILY: Prices up on liquidity recovery in seaborne market

Iron ore prices increased on Friday April 23 on support from better liquidity in the seaborne market, sources said.

LIVE FUTURES REPORT 23/04: LME aluminium above $2,380/t; copper up 1%

A lower United States dollar index propelled aluminium’s price to new highs during morning trading on the London Metal Exchange on Friday April 23, while copper continued its climb higher and other metals remained within their recent ranges.

MORNING VIEW: Base metals tread water, broader markets more jittery

The base metals prices on the London Metal Exchange and the Shanghai Futures Exchange were mixed this morning, Friday April 23, as were the wider markets while US President Joe Biden prepares to announce his plans on tax.

LIVE FUTURES REPORT 22/04: Aluminium reaches $2,375/t, highest since April 2018, but closes flat day on day [CORRECTED]

LME aluminium’s three-month price surpassed its May 2018 high in intraday trading on Thursday April 22, with lead’s price up by 1.3%, while nickel and copper retreated from their Wednesday prices at the close.

IRON ORE DAILY: Fresh political tensions, emissions restrictions depress seaborne prices

Iron ore prices fell on Thursday April 22 after fresh tensions between Australia and China emerged and further emissions restrictions were introduced in the Chinese steel hub of Handan city, sources said.

LIVE FUTURES REPORT 22/04: LME lead price rises, others fall after Wednesday’s gains

With the exception of lead, base metals prices on the London Metal Exchange were down during morning trading on Thursday April 22. This comes after a day of strength on Wednesday, when aluminium rose to a fresh 2021 high and copper and nickel both ended the day 1% higher.

MORNING VIEW: Aluminium leads on the upside, other base metals shy away from the highs

Aluminium prices on the London Metal Exchange set fresh multi-year highs on Wednesday April 21, while copper and tin shied away from previous highs, and the rest remain rangebound this morning.

LIVE FUTURES REPORT 21/04: New 2021 high for LME aluminium, 1% gains for copper, nickel

Aluminium prices hit a new year-to-date high of $2,368 per tonne on the London Metal Exchange on Wednesday April 21, while most other base metals prices also closed higher, with stock markets in the United States rising, the Dollar Index falling, and speculative buyers taking advantage of Tuesday’s dips.

IRON ORE DAILY: Seaborne prices retreat amid limited liquidity

Iron ore seaborne prices dipped on Wednesday April 21 due to limited trading activity, while prices at Chinese ports gained on better demand, sources said.

CHINA HRC: Prices narrow upward on inventory falls

China’s hot-rolled coil prices narrowed upward on Wednesday April 21 amid inventory decreases, sources told Fastmarkets.