December 2021

LME prices trend lower; almost 100kt of aluminium re-warranted in Asia

Futures contracts on the London Metal Exchange were slightly lower on the morning of Wednesday November 2 compared with closing prices on the previous day, with macroeconomic uncertainties lingering for the complex.

China's domestic rebar demand strengthens on less volatility

Domestic demand for rebar in China strengthened on Thursday December 2 on this week’s steadier prices in comparison with the past few weeks.

China’s HRC exporters withdraw offers on domestic gains

China’s domestic hot-rolled coil prices increased on Thursday November 2 and exporters withdrew their offers to await further clarity on developments in the local market, sources told Fastmarkets.

China’s domestic stainless steel prices dive on selling pressure

Domestic stainless steel prices in China dropped sharply in the week to Wednesday December 1 amid selling pressure and weak demand.

Aluminium and lead up over 1% with small gains for all LME prices

London Metal Exchange prices were all slightly higher at the close of trading on December 1, aided by a softer United States Dollar Index and positive manufacturing purchasing manager's index (PMI) data from Europe and the US.

Coking coal supplies affected by heavy rains in Australia, Canada; seaborne cfr prices plummet

Seaborne coking coal prices in the fob market were being supported by weather-related disruption in Australia and Canada on Wednesday December 1, but cfr prices plummeted on the bleak outlook for demand in northern China.

Iron ore prices on slight uptrend amid active trading at Chinese ports

Seaborne iron ore prices tricked up on Wednesday December 1, mainly due to active trading at Chinese ports, sources told Fastmarkets.

Shanghai base metals bonded stocks diverge in November; copper stocks at all-time low

Shanghai bonded copper stocks fell to all-time low in November due to favorable condition for imports, while aluminium stocks registered the biggest gain over the month, with increases also seen in zinc and nickel stocks.

LME base metal futures rise; nickel back above $20,000

Base metal prices were up across the board in morning trading on the London Metal Exchange on Wednesday December 1, after a volatile start to the week due to concerns over the Omicron variant.

Chinese HRC prices rise; trading picks up

Spot prices for hot-rolled coil in China extended their gains on Wednesday December 1, while futures prices jumped to a one-month high amid narrowing spot-futures spreads.