September 2021

CHINA HRC: Domestic prices dip on dismal economic data

Spot prices for hot-rolled coil in China’s domestic market extended losses on Wednesday September 15, as weak economic data and new outbreaks of Covid-19 in the country weighed on market sentiment.

CHINA REBAR: Lower steel output in August boosts rebar futures

China’s rebar futures rebounded on Wednesday September 15 after the National Bureau of Statistics (NBS) released data indicating lower steel output in August, but spot prices continued to drop on weak end-user demand.

LIVE FUTURES 15/09: Lead down 2%; most base metals bounce back

Lead fell to its lowest level since late June during morning trading on the London Metal Exchange on Wednesday September 15, while the rest of the complex bounced back from two days of declines.

MORNING VIEW: LME base metals mainly higher despite weak Chinese economic data

Base metals prices on the London Metal Exchange largely edged up on the morning of Wednesday September 15 after a day of weakness, but those on the Shanghai Futures Exchange were weaker because they followed movements in London on Tuesday and reacted to weaker Chinese economic data.

Dalian exchange adjusts daily price limit, trading margins for iron ore futures ahead of holiday

China’s Dalian Commodity Exchange (DCE) is temporarily raising the daily price limit and minimum margins for hedge trading and speculative trading for its iron ore futures contracts.

LIVE FUTURES 14/09: Al falls 2.3%, LME prices down as selling, consolidation continues

Selling on the London Metal Exchange continued on Tuesday September 14, with all prices declining for a second day.

COKING COAL DAILY: Seaborne cfr prices rise again on tight supplies

Seaborne coking coal prices in the cfr market continued to climb on Tuesday September 14, mainly due to supply tightness, sources told Fastmarkets.

IRON ORE DAILY: Demand still weak amid energy consumption, emissions restrictions

Seaborne iron ore prices continued to decline on Tuesday September 14, due to depressed demand in certain regions of China, where steelmakers are facing energy consumption and emissions-control measures, sources told Fastmarkets.

CHINA HRC: Domestic prices drop amid muted market

Domestic hot-rolled coil prices in China dropped on Tuesday September 14, with trading activity weakening and adverse weather constraining deliveries while sentiment deteriorated on a tumbling raw material market.

CHINA REBAR: Prices down, demand up

China’s domestic rebar prices dropped on Tuesday September 14 and the lower prices attracted higher sales volumes.