October 2021

CHINA HRC: Price decline stemmed by winter production cuts plan

Spot prices for hot-rolled coil in China narrowed on Thursday October 14, while futures prices edged higher on expectations that production curbs in north China could extend into early 2022.

SHFE zinc price surges to upper limit; copper up by 3.40%

Bullish sentiment on Thursday October 14, driven by Nyrstar’s announcement of production cuts, has pushed the zinc price on the Shanghai Futures Exchange to its highest level since 2019.

CHINA REBAR: Prices pick up on steady demand

China domestic rebar prices increased on Thursday October 14 on good and steady demand over the previous two days.

LIVE FUTURES 14/10: LME zinc price at highest since 2007; copper cash/3-month spread in backwardation

Supply concerns continue to support zinc's three-month price on the London Metal Exchange, which reached a peak of $3,837.50 per tonne on the morning on Thursday October 14, with most other base metal prices also starting the day higher.

LIVE FUTURES 13/10: Prices mixed on the LME, zinc up 4.4%

Base metals prices on the London Metal Exchange were mixed at the 5pm close on Wednesday October 13, with zinc performing particularly well during the day's trading.

LME WEEK 2021: Supply, infrastructure charging challenges remain for EV growth, ERG CEO says

A lack of vehicle-charging infrastructure, along with constraints on the supply of battery raw materials, were the major challenges to growth in the adoption of electric vehicles (EVs), the chief executive officer of diversified mining company Eurasian Resources Group (ERG) has said.

LME WEEK 2021: Decarbonization to bring high cost curve for metals

Decarbonization is expected to increase base-metal costs in the coming years, panelists said at the LME Week seminar in London.

IRON ORE DAILY: Seaborne prices fall after official confirmation of winter restrictions in China

Seaborne iron ore prices continued to fall on Wednesday October 13, after a formal announcement on upcoming winter restrictions by China's Ministry of Industry & Information Technology (MIIT).

COKING COAL DAILY: Prices inch down in fob market due to weak buying interest

Seaborne coking coal prices in the cfr China market were broadly stable on Wednesday October 13, while fob prices inched lower amid limited buying interest due to high offers, market sources said.

CHINA HRC: Prices on rollercoaster ride amid supply uncertainty

Domestic hot-rolled coil prices in China moved within a wide range on Wednesday October 13, after futures took a rollercoaster ride amid an uncertain outlook for supply and demand.