September 2020

LIVE FUTURES REPORT 30/09: LME copper price climbs 1.2% amid positive consumer confidence in US; lead suffers 1% slide

The three-month copper price on the London Metal Exchange was the standout performer at the close of trading on Wednesday September 30, after a significant uptick in consumer confidence in the United States.

BASE METALS WARRANT REPORT 30/09

IRON ORE DAILY: Seaborne prices increase further with futures

Seaborne iron ore prices gained ground on Wednesday September 30 following the rise in futures prices, while the decrease in steel inventories and China’s increasing manufacturing purchasing managers' index (PMI) also supported prices, according to sources.

COKING COAL DAILY: Seaborne prices stable as China's Golden Week approaches

Seaborne coking coal prices across the board were relatively stable on Wednesday September 30 while the Golden Week holiday (October 1-8) in China approaches, sources said.

SHFE STOCKS REPORT 30/09: Most base metals stocks continue to fall ahead of China’s National Day holiday

All base metals, with the exception of lead, recorded further declines of deliverable stocks in Shanghai Futures Exchange-approved warehouses during the week to Wednesday September 30, according to the exchange’s weekly inventory report.

LIVE FUTURES REPORT 30/09: LME copper price breaches $6,600/t despite 30kt fresh inflow

London Metal Exchange three-month base metals prices, with the exception of copper and tin, were trading down on the previous day’s close on Wednesday September 30, with encouraging Chinese manufacturing data eclipsed by a stronger dollar and continued uncertainty regarding US economic fiscal stimulus.

CHINA REBAR: Prices rise in eastern region on pre-holiday demand

Eastern China’s rebar prices increased slightly on Wednesday September 30 on stronger demand to end the short working week 20-40 yuan per tonne higher than last Friday.

MORNING VIEW: Base metals prices mixed despite encouraging Chinese manufacturing data

Base metals prices and Asian-Pacific equities were mixed this morning, Wednesday September 30, although pre-market western equity index futures were weaker following a confrontational and not very presidential first debate between US President Donald Trump and former Vice President Joe Biden, the democratic candidate.

LIVE FUTURES REPORT 29/09: LME base metals rangebound as US talks continue

London Metal Exchange three-month base metals prices made no significant gains at the close on Tuesday September 29, with a directionless base-metals complex awaiting further macroeconomic stimulus.

IRON ORE DAILY: Easing October sintering restrictions prompt seaborne price support

Seaborne iron ore prices were up on Tuesday September 29 amid the easing of sintering restrictions in Tangshan over October, trade sources said.