September 2021

LIVE FUTURES 28/09: Nickel down 2%, other LME prices subdued

The three-month nickel contract on the London Metal Exchange had the biggest fall on the morning of Tuesday September 28, while most other base metals moved slightly from their closing prices on Monday.

CHINA REBAR: Construction unaffected by power curbs

China’s domestic rebar demand - and prices - picked up slightly on Tuesday September 28, with concerns over how electricity supply restrictions would affect the market appearing to die down.

MORNING VIEW: LME copper price up, others weaker against complicated background

Base metals prices were mainly lower across both the London Metal Exchange and the Shanghai Futures Exchange on Tuesday September 28, the exception was LME copper.

LIVE FUTURES 27/09: Aluminium below $2,900/t, tin falls most in LME

Tin's futures contract fell by 3.9% on Monday September 27, and most other London Metal Exchange prices were also lower on the day, with somewhat bearish sentiment still holding in the complex.

COKING COAL DAILY: Seaborne cfr prices drop on expectation of lower demand, latest deal heard

Seaborne coking coal cfr prices decreased on Monday September 27 due to market participants’ expectations of lower demand in the coming months.

IRON ORE DAILY: Pre-holiday restocking activities improve market sentiment

Seaborne iron ore prices increased on Monday September 27 because pre-holiday restocking activities at China’s ports boosted market sentiment after price declines in the past two weeks.

CHINA HRC: Prices rebound as power cuts weigh on steelmaking

China’s domestic hot-rolled coil prices rebounded on Monday September 27, with futures charting a recovery amid news that tight electricity supply in China as well as local governments’ rush to meet energy consumption targets were affecting steel production rates.

CHINA REBAR: Prices stop dropping on futures gains

China’s domestic rebar prices levelled out on Monday September 27 following futures gains and increased restocking demand.

LIVE FUTURES 27/09: LME prices dip; tin down 4% from all-time high

Base metal prices were lower during morning trading on the London Metal Exchange on Monday September 27, with tin falling the most in percentage terms from Friday’s record high of $36,830 per tonne.

MORNING VIEW: Base metals mixed, but generally still holding up well

Base metals prices were mainly lower on the London Metal Exchange and mixed on the Shanghai Futures Exchange on Monday September 27, while the broader markets looked more positive.