October 2020

LIVE FUTURES REPORT 30/10: Aluminium bucks downtrend in LME base metals prices

The three-month prices of all base metals on the London Metal Exchange had fallen by the close of trading on Friday October 30, with aluminium being the only exception.

FOCUS: LME’s QBRC rule moves to 80 days on Nov 1 at end of staggered reform

The London Metal Exchange will finalize the last stage in the relaxation of its queue-based rent capping (QBRC) rule on Sunday November 1, when the rule moves to 80 days full rent.

SHFE STOCKS REPORT 30/10: Lead inventory up but all other base metals fall

Stock levels of all base metals except lead dipped in Shanghai Futures Exchange-registered warehouses in the week to Friday October 30, with copper dominating the declines in percentage terms.

COKING COAL DAILY: Seaborne premium prices up on latest transaction

Seaborne premium hard coking coal prices edged up on Friday October 30 after a transaction of premium hard coking coal was done at a price slightly higher than yesterday, sources said, adding that the fob market had gained some support.

IRON ORE DAILY: Rising prices supported by growing demand for steel

Iron ore futures and seaborne prices both rebounded on Friday October 30, supported by growing demand for steel, although trading activity in the physical market remained limited, sources told Fastmarkets.

LIVE FUTURES REPORT 30/10: LME base metals prices suppressed by sell-off; nickel down 2%

London Metal Exchange three-month base metals prices were mostly trading down in the morning session on Friday October 30 with the complex subject to selling pressure amid the uncertainty over further Covid-19 lockdowns.

LIVE FUTURES REPORT 29/10: LME tin price sinks below $18,000; lead buoyed by stock outflows

The three-month price of tin on the London Metal Exchange lagged behind at the close of trading on Thursday October 29, showing the greatest daily losses at 1.1% and slipping below nearby support levels.

IRON ORE DAILY: Seaborne prices ease amid limited trading

Seaborne iron ore prices were rangebound on Thursday October 29 amid market participants adopting a wait-and-see stance, sources told Fastmarkets.

COKING COAL DAILY: Seaborne premium prices in fob, cfr markets diverge

Seaborne premium hard coking coal prices in the cfr and fob markets moved in reverse directions on Thursday October 29 amid a distorted spot market, sources said.

LIVE FUTURES REPORT 29/10: LME nickel down amid spread tightness; lead up on fresh cancelation

The London Metal Exchange three-month nickel price was the under performer during morning trading on Thursday October 29, with its price action largely subdued against a continued upsurge in the US dollar index, while a fresh cancelation of some 18,525 tonnes kept the LME lead price elevated.