October 2021

MORNING VIEW: Base metals prices consolidating after Monday’s rebounds

Base metals prices on the London Metal Exchange were mainly weaker on the morning of Tuesday October 5, while markets consolidated recent gains. But volumes have been light with Chinese participants absent due to the weeklong National Day holiday (October 1-7).

LIVE FUTURES 04/10: Most prices up on high energy costs, Chinese production concerns; Al up 2.1%, copper up 1.3%

Base metals prices on the London Metal Exchange were up across the board during trading on Monday October 4, pushed upward by ongoing power-rationing policies in China and surging energy costs affecting production in the physical market.

COKING COAL DAILY: Fob prices inch higher amid firmer bids

Seaborne coking coal prices in the fob market inched higher on Monday October 4 amid bids heard to be slightly higher than the last transacted price, market sources said.

IRON ORE DAILY: Prices stable with limited trading activity

Iron ore prices were largely stable on Monday October 4, with limited liquidity during the Chinese National Day holiday, sources said.

LIVE FUTURES 04/10: Zinc up 1% on LME; nickel edges above $18,000/t

Base metals prices on the London Metal Exchange were mostly up during morning trading on Monday October 4, continuing their recovery from a steep sell-off seen in the last days of September.

LIVE FUTURES: Copper closes above $9,000/t; mixed end to the week for base metals

Base metals prices on the London Metal Exchange were mixed at the close on Friday October 1, but the copper price was the star performer closing 2.1% higher.

IRON ORE DAILY: Liquidity limited during Chinese holiday

Trading activity was limited in the seaborne market on Friday October 1 during the start of the Chinese holiday.

COKING COAL DAILY: Fob prices ease on lower-than-expected trade

Seaborne coking coal prices in the fob market eased slightly on Friday October 1 on a cargo that was transacted at a lower-than-expected price, market sources said.

LIVE FUTURES 01/10: Small pick-up in LME prices following Thursday sell-off

Copper's three-month price was up by 1%, and most London Metal Exchange prices were slightly up the morning of Friday October 1 after a steep sell-off on Thursday afternoon with macroeconomic concerns mounting.

MORNING VIEW: Metals experience follow-through weakness Friday, after decline accelerated Thursday

Base metals prices were down on the morning of Friday October 1, extending the weakness that started to accelerate on Thursday, when the LME base metals closed down by an average of 2.3%, with tin dropping by 6.2%. The weakness was broad based with equities retreating, too.