August 2021


A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 4

LIVE FUTURES 04/08: Mild decreases for most LME metals amid low volumes

London Metal Exchange prices were under pressure for the second day in a row at the close on Wednesday August 4, in a trading session which had the lowest volumes since mid-July for many metals.

China’s tendered zinc sells at big discount in second round

Chinese downstream fabricators actively bid for discounted zinc during the second round of state auctions, with the 50,000 tonnes of zinc almost sold out on Thursday on July 30, sources said.

IRON ORE DAILY: Seaborne prices ease amid emissions restrictions

Iron ore prices eased on Wednesday August 4 amid pollution control measures being implemented in Tangshan city between August 4-9, sources said.

COKING COAL DAILY: New buying interest in fob Australia market

Seaborne coking coal prices increased in the fob Australia and cfr China markets on Wednesday August 4. New buying interest for Australian August-laycan cargoes increased in the fob Australia market while strong offers for United States-origin coking coal in the cfr China market scaled back buying, sources said.

CHINA REBAR: Prices pick up on traders' restocking demand

China’s domestic rebar prices recovered some losses on Wednesday August 4 on traders’ replenishing their inventories, but end-user demand remained weak.

CHINA HRC: Domestic prices rebound, skepticism over production cuts wanes

Prices of hot-rolled coil prices in China’s domestic market rose on Wednesday August 4, after two consecutive days of sharp losses. Market participants have seemingly shrugged off fears of an easing in the country’s plan of steel production curbs, sources told Fastmarkets.

China’s non-ferrous prices volatile at high levels in H2 2021 - CNMIA

China’s major non-ferrous metal prices are likely to remain robust in the second half of 2021, but will be volatile at high levels, Jia Mingxing, vice president of China Nonferrous Metals Industry Association (CNMIA), said in a press conference of China’s non-ferrous industry’s half-year performance on August 3.

LIVE FUTURES 04/08: Marginal moves on LME after lower numbers across metals on Tuesday

There were small gains and losses on the morning of Wednesday August 4 on the London Metal Exchange following a bout of selling on Tuesday, which caused some metals in the complex to drop below their psychological resistance prices.

MORNING VIEW: Base metals prices mixed, but overhead resistance dominates

Base metals prices on the London Metal Exchange were mixed this morning, Wednesday August 4, and those on the Shanghai Futures Exchange were all weaker.