September 2021

CHINA HRC: Prices steady despite futures jump

Domestic hot-rolled coil prices in China were largely stable but in a wider range on Wednesday September 22, even as futures prices in the ferrous complex jumped on the first trading day after a three-day holiday for the Mid-Autumn Festival.

LIVE FUTURES 22/09: Copper, nickel, aluminium up over 2%; lead still under pressure

Dip buying and the resumption of trading in Asia gave a boost to most metals on the LME on the morning of Wednesday September 22, with tin rising the most while lead was the only metal still trending to the downside.

CHINA REBAR: Prices surge by $34 per tonne on tight supply outlook

China’s domestic rebar prices moved up sharply on Wednesday September 22 on market participants’ expectation of supply cuts in the remaining months of 2021.

MORNING VIEW: Base metals firmer on LME; dip buying activity evident again

Base metals prices on the LME were mainly rebounding on Wednesday September 22, after dip buyers took advantage of Tuesday's price weakness, while metals in Shanghai were mixed but mainly down in response to the downturn in London this week.

LIVE FUTURES 21/09: Prices drop as anxiety grows over Evergrande; copper, aluminium down 0.6%

Base metals prices on the London Metal Exchange were down across the board on Tuesday September 21 with uncertainty related to Chinese construction company Evergrande continuing to cast a shadow over the market.

COKING COAL DAILY: Firm demand continues to support fob prices

Seaborne coking coal prices in the fob market on Tuesday September 21 continued to climb from the previous day amid firm demand, market sources said.

IRON ORE DAILY: Liquidity remains limited amid Chinese holiday

Seaborne iron ore prices were largely flat on Tuesday September 21 with limited trading activity in the physical market taking place amid a Chinese holiday.

LIVE FUTURES 21/09: LME prices stable following Monday sell off; over 50kt of aluminium cancelled

Base metal prices on the morning of Tuesday September 21 stuck near the levels seen at the sell-off on Monday, triggered by continued uncertainty over the fate of Chinese property developer Evergrande.

MORNING VIEW: Base metals with strong fundamentals hold up – will the usual dip-buying support the others?

Base metals prices have generally been under pressure in recent days while broad-based risk-off has weighed on the market, but the metals were looking more mixed on the morning of Tuesday September 21, suggesting consolidation after Monday’s average loss of 1.6% across the London Metal Exchange base metals.

LIVE FUTURES 20/09: Copper down 3% after Evergrande concerns affect global markets

Base metal futures all closed in the red on Monday after fears over China's property building sector prompted a selloff in global financial markets.