June 2022

LME copper sell-off continues; tin loses another 3.7%

Base metals prices on the London Metal Exchange were mixed on Thursday June 23, with copper and tin still failing to find any upward momentum.

Broad-based sell off of LME base metals pushes prices lower; tin falls 7%

There was a broad-based sell-off of futures on the London Metal Exchange at the 5pm close on Wednesday, June 22, as macro-economic uncertainties continue to weigh on base metals.

Nickel full plate premiums fall in China; US and European premiums steady

Nickel full plate premiums in China came under pressure on Tuesday June 21, due to weak consumer demand, while premiums in Europe were steady due to a lack of liquidity at the start of the summer slowdown and US premiums were unchanged, despite signs of rising demand.

Seaborne coking coal prices decline on weak demand, bearish sentiment

Seaborne coking coal prices fell on Wednesday June 22, on weakening demand and continuing bearish sentiment, sources told Fastmarkets.

Iron ore demand rattled by weak downstream outlook despite news of further fiscal injections

Seaborne iron ore prices fell on Wednesday June 22 in response to continued weaknesses in downstream demand despite the announcement of accelerated fiscal expenditure as well as the sale of infrastructure-related government bonds, sources told Fastmarkets.

Chinese domestic rebar prices edge down on destocking activity

China’s domestic rebar prices narrowed downward slightly on Wednesday June 22, with sellers pessimistic about the outlook for demand.

Chinese HRC prices retreat with weak demand subduing market morale

China’s spot hot-rolled coil prices fell on Wednesday June 22, giving back gains from the previous day’s rally, with market sentiment remaining subdued by weak demand.

LME base metals open lower across complex

Base metals prices on the London Metal Exchange opened lower on Wednesday June 22.

Zinc premium declines in US; other markets steady

Spot premiums for zinc ingot declined in the US market in the week to Tuesday June 21, while European and Chinese markets held steady amid illiquid spot trading.

Zinc holds onto gains, other LME base metals prices close higher

Most base-metals prices on the London Metal Exchange ended the day higher on Tuesday June 21, with zinc holding on to its gains while stocks shrank.