September 2021

COKING COAL DAILY: Seaborne cfr prices retreat amid production cut concerns

Coking coal prices in the cfr market retreated slightly on Thursday September 23; steel production cuts and winter production curbs led market participants to doubt the sustainability of strong seaborne cfr prices.

CHINA HRC: Futures retreat on growing demand concerns

Domestic prices for hot-rolled coil in China were largely stable on Thursday September 23, while futures retreated in response to the spread of escalated production curbs to downstream users.

LIVE FUTURES 23/09: Tin, copper advance the most on LME; 25kt of copper cancelled

Base metal prices were slightly higher on the morning of Thursday September 23, but stayed close to their closing prices from Wednesday, with worries about Evergrande easing.

CHINA REBAR: Prices stop rising on weaker restocking demand

China’s domestic rebar prices held steady on Thursday September 23 after surging a day earlier, with demand among stockists dropping during the day.

MORNING VIEW: Base metals mixed, markets reacting to developments at China's Evergrande, US Fed outlook

Base metals prices were mixed on both the LME and SHFE on Thursday September 23, with the broader markets welcoming the news that Chinese property giant Evergrande has avoided imploding, for now, and not spooked by the US Federal Reserve's more hawkish outlook.

China's domestic stainless steel prices surge to 10-year high

China’s domestic stainless steel prices surged rose sharply over the week to Wednesday September 23 amid tight supply and steady demand.

BASE METAL WARRANTS 22/09

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday September 22.

LIVE FUTURES 22/09: Copper up 3.5%, back above key psychological level; tin up 3.4%

Copper's three-month price was steadily above $9,000 per tonne, and tin was up by 3.4% with most prices on the London Metal Exchange rebounding above their psychological levels amid dip-buying and a softer dollar on the afternoon of Wednesday September 22.

IRON ORE DAILY: Seaborne prices rebound amid strong post-holiday push on front-month swaps and futures

Seaborne iron ore prices rose sharply on Wednesday September 22 amid firmer prices traded on front-month swaps and on Chinese futures, sources said.

COKING COAL DAILY: Premium cfr price passes $600-per-tonne milestone

Limited choice as China resumed business on Wednesday September 22, led to Fastmarkets’ index for premium hard coking coal, cfr Jingtang reaching a record high of $600.82 per tonne, sources said.