September 2021

COKING COAL DAILY: All seaborne prices drop on low buying interest

Seaborne coking coal prices declined on Wednesday September 29 amid thin trading; premium hard coking coal prices in both the cfr and fob markets are relatively high, which depressed buying interest in the spot market, sources told Fastmarkets.

IRON ORE DAILY: Seaborne prices inch up amid restocking

Seaborne iron ore prices moved up slightly on Wednesday September 29 amid restocking activity by steel mills at Chinese ports, but liquidity thinned ahead of the week-long national holidays, sources said.

CHINA HRC: Prices rise amid production cuts spurred by power shortages

Domestic hot-rolled coil prices in China gained more upward momentum on Wednesday September 29, with sentiment supported by reduced production as a result of power cuts and a rush to meet energy consumption targets.

LIVE FUTURES 29/09: Base metals edge lower, US Dollar highest since Nov 2020

Base metals prices edged down in morning trading on Wednesday September 29, with weakness in across the complex supported by the rising US Dollar Index, which pushed up to its highest level since November 2020.

CHINA REBAR: Construction sites in certain areas to be inspected from October 1

Rebar prices in Shanghai increased on Wednesday September 29 on restocking ahead of the National Day holidays, but demand is expected to drop in areas in north, east and central China on plans to start dust inspections at construction sites from October 1 to March 31, 2022.

MORNING VIEW: Metals face headwinds as treasury yields, dollar rise, fallout from Evergrande looms

Base metals prices were mixed on the morning of Wednesday September 29 while they consolidated against a backdrop of numerous headwinds.

LIVE FUTURES 28/09: Aluminium and tin up 2%, nickel down to $18,500/t

Aluminium and tin had risen the most on the London Metal Exchange by the close on Tuesday September 28, while nickel and copper were both under pressure.

IRON ORE DAILY: Prices down amid weaker restocking

Seaborne iron ore prices fell on Tuesday September 28; market participants have almost finished pre-holiday restocking and more provinces in China have places further limits on electricity consumption and steelmaking production, sources said.

COKING COAL DAILY: Seaborne cfr prices bounce back

Seaborne cfr prices improved on Tuesday September 28 due to tight seaborne coking coal supply in the cfr spot market and active trading in China’s ports, sources told Fastmarkets.

CHINA HRC: Spot prices trail behind rising futures

Spot prices for hot-rolled coil in China gained some strength on Tuesday September 28, with futures rising for a second day amid a drop in production due to a power crunch in the country.