September 2021

LIVE FUTURES 24/09: Zinc close to new 2021 high, aluminium down 1.2% but still above $2,900/t

LME zinc's three-month price was just $2 away from setting a new year-to-date high, while aluminium's three-month price was the only one to close lower in the afternoon session on Friday September 24.

FOCUS: China’s power supply constraints subdue demand for flat steel

Demand for steel, especially for flat products, in China could be hit by power supply constraints caused by the drive to reduce energy consumption and sustained coal shortages.

COKING COAL DAILY: Seaborne cfr prices strong despite divergent outlooks

Coking coal prices in the seaborne cfr market were strong on Friday September 24, with views split among market participants over the direction of prices during the upcoming winter season.

SHFE STOCKS REPORT 24/09: Inventories of most base metals down but aluminium, zinc up

Base metals mostly registered declines in inventories at Shanghai Futures Exchange-registered warehouses during the week to Friday September 24, with nickel and copper falling the most, by 18.7% and 17.9% respectively; zinc stocks were up by 15.9%.

IRON ORE DAILY: Buying interest turns to mid-grade fines with large discount

Seaborne iron ore prices increased on Friday September 24 amid more speculative buying activity for low- and mid-grade iron ore fines, sources said.

CHINA HRC: Prices drop despite another output decline

Spot prices for hot-rolled coil in China dropped on Friday September 24 after futures prices fell for a second day on growing demand concerns, sources told Fastmarkets.

LIVE FUTURES REPORT 24/09: LME Tin soars past $36,000/t, zinc above $3,100/t

High energy prices and subsequent power-cut plans have been the boosting factors for metals such as tin and zinc on the morning of Friday September 24. Most other London Metal Exchange (LME) prices were close to their Thursday levels.

CHINA REBAR: Prices end week higher on tight supply, steady end-user demand

China’s domestic rebar prices ended the week high despite shedding some losses on Friday September 24 amid falling futures.

LIVE FUTURES 23/09: Al and nickel edge up, copper down 0.1%; Evergrande deadline moves closer

Base metals prices on the London Metal Exchange were largely up on Thursday September 23; the market continued to cautiously anticipate the outcome for Chinese real estate giant Evergrande while the debt deadline edges closer.

IRON ORE DAILY: Prices fall amid soft demand from Chinese steel mills

Seaborne iron ore prices edged down on Thursday September 23, with concerns over demand growing due to China's steel production curbs, sources said.