September 2021

IRON ORE DAILY: Weak demand continues to dampen seaborne prices

Seaborne iron ore prices continued to fall on Thursday September 16 amid sustained demand weakness, sources told Fastmarkets.

CHINA HRC: Domestic prices rally on continued output decline

Domestic hot-rolled coil prices in China rose on Thursday September 16, with the latest industry data pointing to continued declines in both output and inventories.

LIVE FUTURES 16/09: Lead the only riser while nickel plunges 3.3%

There was a divergence in London Metal Exchange prices in the morning of September 16, with lead being the only metal to register gains, while copper, aluminum and nickel all fell - with the latter down by almost $1,000.

CHINA REBAR: Prices rebound on recovering demand

Domestic rebar prices in China recovered from two days of decreases on Thursday September 16 on a pick-up in demand with improved weather.

China’s stainless steel supply tightens amid coronavirus-related transport disruptions

Deliveries of stainless steel in China have been disrupted by an outbreak of Covid-19 in the major production hub of Fujian, but the resultant tightened supply failed to support stainless steel prices in the week ended Wednesday September 15.

LIVE FUTURES 15/09: Aluminium, nickel up 2%, tin at highest in a month

London Metal Exchange prices bounced back on September 15, with lead the only metal under selling pressure.

COKING COAL DAILY: Premium cfr price surges on latest US trade

Following a trade of US-origin premium hard coking coal on Wednesday September 15, Fastmarkets’ index for premium hard coking coal, cfr Jingtang registered its largest-ever daily increase.

IRON ORE DAILY: Prices down amid decrease in Chinese August steel output

Iron ore prices went down again on Wednesday September 15 with concerns about further steel production restrictions depressing iron ore demand outlook, sources said.

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.