November 2020

LIVE FUTURES REPORT 30/11: Copper, aluminium rise to new 2020 highs

Copper and aluminium prices reached new year-to-date highs at the close of trading on the London Metal Exchange on Monday November 30, while the rest of the base-metals complex showed dips in their three-month prices.

PEOPLE MOVES: Marco Strimer appointed new chairman of LME Clear board

The London Metal Exchange has appointed a new chairman to its LME Clear Ltd board after Richard Thornhill stepped down from the position, the exchange said on Monday November 30.

COKING COAL DAILY: Seaborne premium prices edge up; Australian coal cargoes unable to unload

Seaborne premium hard coking coal prices in both the fob and cfr markets edged up on Monday November 30, while sources from China said that Australian coking coal cargoes in anchorage were still unable to be unloaded.

IRON ORE DAILY: Firm downstream demand, outlook support seaborne market

Seaborne iron ore prices continued on an uptrend on Monday November 30, supported by strong demand for steel products.

LIVE FUTURES REPORT 30/11: LME copper price hits new 2020 high on positive Chinese data

The London Metal Exchange copper price rose by 1.8% in morning trading on Monday November 30, continuing the bullish trend from the previous week and boosted by positive Chinese economic data and a weak dollar index, but nickel was the laggard.

MORNING VIEW: Base metals mainly bullish; copper romps ahead, helped by strong Chinese data

Base metals prices were mainly stronger this morning, Monday November 30, helped by strong Chinese manufacturing purchasing managers’ index (PMI) data and a weaker dollar, but some of the metals are starting to look tired.

Iron ore concentrate, pellets prices stable at highs

Prices for seaborne iron ore concentrate and pellets inched up in the week to Friday November 27 amid increased demand for concentrate and tightened supply of pellets, market sources told Fastmarkets.

LIVE FUTURES REPORT 27/11: Copper up 4.5% since Monday; nickel, zinc, lead post 2020 highs

Copper’s three-month price was the star performer on Friday November 27, rising by nearly 4.5% from Monday’s closing price, with most other base metals managing to set fresh year-to-date highs.

SHFE STOCKS REPORT 27/11: Base metals stocks fall; nickel down by 7.7%

Except lead and tin, base metals' deliverable stocks in Shanghai Futures Exchange-registered warehouses declined in the week to Friday November 27, with nickel inventories down by 7.7%, the highest decline in percentage terms.

IRON ORE DAILY: Prices continue to rise amid decline in port inventories

Iron ore prices increased further on Friday November 27, supported by declining port inventories and strong demand for steel, sources told Fastmarkets,