August 2020

IRON ORE DAILY: Futures ride weekend steel price gains

Iron ore futures rose on Monday August 31 due to a surge in steel prices over the weekend, but the physical market for the steelmaking raw material was largely stable.

COKING COAL DAILY: Seaborne market steady but upside for Chinese coke price expected

Seaborne coking coal prices were relatively steady across the board on Monday August 31, though China’s domestic coke market might strengthen soon amid tight supply.

CHINA HRC: Major mill raises export offer by $10 per tonne on domestic gains

China’s hot-rolled coil prices rose on Monday August 31, which led a major mill in northern China to raise its export offer by $10 per tonne.

CHINA REBAR: Prices rise on restocking demand, weekend billet gains

China’s domestic rebar prices moved up on Monday August 31 on stronger demand among stockists and a strengthening of the billet market.

SHFE STOCKS REPORT 28/08: Lead inventories plunge 15%; aluminium up 1.7%

Lead stocks in Shanghai Futures Exchange-registered warehouses fell the most in percentage terms in the week to Friday August 28, dropping by 14.9% or 4,823 tonnes to 27,580 tonnes.

IRON ORE DAILY: Seaborne prices up amid logistics concerns at Chinese ports

Seaborne iron ore prices rose on Friday August 28 amid concerns over logistics which have been limited by precautions taken by Chinese ports against typhoon Bavi, according to trade sources.

COKING COAL DAILY: Filled import quotas keep seaborne prices unchanged

There was little to no movement in seaborne coking coal prices on Friday August 28 and sources from China said they expect the cfr market to be soft for another month.

NEWSBREAK: First MJP Q4 deal concludes at $83/t premium, offers at $98/t - sources

The first deal for the supply of aluminium to main Japanese ports (MJP) for the fourth quarter has concluded at a premium of $83 per tonne cif MJP, sources told Fastmarkets on Friday August 28.

GFG’s Gupta named as LME Metals Seminar keynote speaker

Sanjeev Gupta, Executive Chairman of steel and aluminium investment company GFG Alliance, will head the roster at the London Metal Exchange’s virtual seminar this year, the LME announced on August 28.

LIVE FUTURES REPORT 28/08: LME nickel hits year-to-date high in 1.2% rally

The London Metal Exchange three-month nickel price continued to gain during the morning session on Friday August 28, trading up 1.2% from the previous day’s close at $15,340 per tonne, its highest since November 2019.