October 2021

LIVE FUTURES 11/10: Aluminium, copper prices rally

Base metals prices on the London Metal Exchange were mostly trading higher at the close of business on Monday October 11, with LME Week beginning in London.

LME WEEK 2021: This year just the beginning of another bull cycle - Goldman Sachs’ Snowdon

The metals market is experiencing a period of significant deficits, Nick Snowdon, metals strategist at Goldman Sachs, said during the LME Week seminar on Monday October 11.

LME WEEK 2021: Global economic recovery continues, but headwinds expected - Capital Economics

China helped to spearhead the global economic recovery from Covid-19 lockdowns in 2020, but that recovery is expected to slow in 2022, according to the chief economist at Capital Economics Neil Shearing.

COKING COAL DAILY: Supply increase policies in China cool down market sentiment

Seaborne premium hard coking coal price in the cfr China market slipped slightly on Monday October 11, while prices in the fob Australia market were largely stable due to limited buying interest, market sources told Fastmarkets.

IRON ORE DAILY: Prices continue to rise on active port trading

Iron ore prices increased on Monday October 11, with active trading continuing at ports in China following on from the end of the week-long National Day holiday on Friday, sources told Fastmarkets.

CHINA HRC: Prices edge higher due to subdued supply

Domestic hot-rolled coil prices in China edged higher on Monday October 11, with supply remaining subdued by production curbs caused by power shortages and energy consumption controls.

LIVE FUTURES 11/10: Aluminium price rises above $3,000/t as LME Week begins

Base metals prices on the London Metal Exchange rose across the board during early trading on Monday October 11 amid increased activity following the return of Chinese market participants from a week-long holiday.

LME WEEK 2021: Metals industry has ‘dug deep and met Covid-19 challenges’ - HKEX’s Aguzin

The metals industry has faced a number of huge headwinds over the past few months, but has risen to the challenges, Hong Kong Exchanges & Clearing (HKEX) chief executive officer Nicolas Aguzin said on Monday October 11.

MORNING VIEW: Metals start week generally higher, oil strong too

Base metals prices on both the Shanghai Futures Exchange and London Metal Exchange were, for the most part, up across the board on the morning of Monday October 11, along with Asia-Pacific equities.

LME partners with Metalshub for new digital spot trading

The London Metal Exchange is partnering with the digital metals trading platform Metalshub to establish a spot trading platform and marketplace, the exchange said.