July 2021

COKING COAL DAILY: Buying interest supports cfr, fob market

Seaborne coking coal prices increased in both the cfr and fob markets on Friday July 23 due to more trading activities, sources told Fastmarkets.

CHINA HRC: Domestic prices rise on emerging production cap

Domestic prices for hot-rolled coil in China cruised higher on Friday July 23 after the country’s third-largest steelmaking province announced a ceiling for its crude steel output for 2021.

CHINA REBAR: End-user demand in eastern region drops ahead of typhoon

China’s domestic rebar prices rose on Friday July 23 on stronger restocking demand and lower production, but end-user demand weakened in the eastern coastal region ahead of an upcoming typhoon.

SHFE STOCKS REPORT 23/07: Base metal inventories diverge; Zinc up 18.2%

Inventories of the base metals diverged in Shanghai Futures Exchange-registered warehouses this week, with zinc gaining the most at 21.3% while copper stocks fell by 18.2%, according to the stocks report on Friday July 23.

MORNING VIEW: Gains across most base metals suggests underlying sentiment remains bullish

Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were generally stronger this morning, Friday July 23, the exception was lead on the LME that was down by 0.5%, but that was after a strong gain on Thursday.

LIVE FUTURES 22/07: Base metals prices remain strong, tin hits new all-time high, copper up 1%

Base metals prices were up across the board at the 5pm close of trading on the London Metal Exchange on Thursday July 22, with the market appearing to calm down after a recent period of choppy trading.

IRON ORE DAILY: Seaborne prices drop on weak short-term demand outlook

Iron ore prices fell on Thursday July 22 amid a weak short-term demand outlook, sources told Fastmarkets.

CHINA HRC: Domestic prices inch lower, Beijing signals stricter commodity price controls

China’s domestic hot-rolled coil prices edged lower on Thursday July 22 after market participants reacted to Beijing’s latest efforts to stabilize commodity prices.

COKING COAL DAILY: Rising procurement demand in cfr, fob markets

The coking coal market in China inched up on Thursday July 22 due to necessary procurement demand from steel mills. The fob coking coal market also increased with firm buying interest for cargoes loaded in August and September, sources said.

MORNING VIEW: Base metals continue to consolidate after avoiding deeper pullback

Base metals prices on both the LME and SHFE were mixed this morning, Thursday July 22, but have generally recovered from Monday’s weakness, suggesting the dip-buying mentality still dominates.