May 2021

LITHIUM PRICE EVOLUTION WEBINAR: Three key points for lithium futures contract

Experts from the battery value chain shared their understanding and insights into lithium price evolution and the new lithium futures contract during a Fastmarkets’ webinar on Tuesday May 25.

LIVE FUTURES REPORT 27/05: Zinc, aluminium, nickel all up 3%-plus; copper above $10,200

Copper’s 2.4% price rise at the close of trading on Thursday May 27, supported by the start of a strike at BHP’s operations center in Chile, led the rest of the London Metals Exchange base-metals complex higher, making it the first day of strong rises following a week of lower prices.

IRON ORE DAILY: Physical prices down amid limited demand

Iron ore prices went fell on Thursday May 27, due to limited demand in the seaborne market and at Chinese ports.

Chinese state ‘suggestions’ on commodity prices start to cool bullish market

China's relentless "suggestions" to industry that it wants to see stable commodity prices appear to have suppressed speculative behavior and are beginning to cool bullish market conditions, sources told Fastmarkets on Thursday May 27.

LIVE FUTURES REPORT 27/05: LME zinc up 1.6%, copper above $10,000/t over morning

London Metal Exchange prices rose on the morning of Thursday May 27, with copper and zinc climbing above their recently set psychological levels following year-to-date highs and nickel continuing its stride forward following a 1.5% rise on Wednesday.

MORNING VIEW: Most LME base metals trying to rebound, but copper struggling

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed during the morning of Thursday May 27, as were broader markets – are these pauses, or early signs of a stall?

LIVE FUTURES REPORT 26/05: LME aluminium, nickel prices up over 1%; complex rises slightly

Nickel and aluminium were the stand-out metals during the afternoon session on Wednesday May 26 on the London Metal Exchange, with slight rises for the rest of the base metals – except for zinc – after a start of the week that saw lower prices across the complex.

CHINA REBAR: Heavy rain cools eastern demand

China’s domestic rebar prices dropped on Wednesday May 26 as a result of heavy rain in some eastern regions of the country negatively affecting demand.

CHINA HRC: Domestic prices slide further towards $800/t

China’s hot-rolled coil prices slid further on Wednesday May 26 in both domestic and export markets amid lower market activity.

LIVE FUTURES REPORT 26/05: LME prices consolidate ahead of month end

Base metals prices on the London Metal Exchange rose slightly across the board during morning trading on Wednesday May 26 and appear to be consolidating after recent sharp declines from the highs reached in May while the end of the month nears.