December 2021

LME base metals mixed at year end, tin up 84.6% from January

Base metals prices on the London Metal Exchange were mixed at the 2.30pm close on Friday December 31 after trading on thin volumes.

Iron ore prices up; Tangshan lifts pollution-related curb from January 1

Seaborne iron ore prices inched higher on Friday December 31, with market sentiment being supported by resumed production at mills and the removal of production curbs in Tangshan, sources told Fastmarkets.

Seaborne low-vol PCI cfr price continues uptrend; coking coal fob prices strong

The low-volatility pulverized coal injection (low-vol PCI) cfr price jumped due to good demand and relatively tight supply in the week ended Friday December 31, while seaborne coking coal prices in the fob Australia market edged up on Friday.

Stocks of most SHFE base metals down; copper inventories up by 40.5%

Most of the deliverable base metal stocks in Shanghai Futures Exchange warehouses declined in the week ended Friday December 31, with nickel falling the most in percentage terms and copper stocks gaining the most.

Eastern China's HRC prices widen upward amid year-end lull

Spot prices for hot-rolled coil in eastern China widened upward on Friday December 31 on thin trading ahead of the new year holiday.

LME base metals begin last trading day of 2021 on a high

Base metals prices on the London Metal Exchange were mostly higher during morning trading on Friday December 31, with copper leading the way.

China's domestic rebar prices weaken in response to drop in construction rates

China’s domestic rebar prices dropped amid soft demand on Friday December 31 following the release of data showing a drop in construction rates during the winter season.

Resumptions at mills spur iron ore demand and prices

Seaborne iron ore prices reversed up on Thursday December 30 after an increase in the volume of steel products in the week ended December 30, sources told Fastmarkets.

Seaborne hard coking coal fob price increases following previous trade

The seaborne hard coking coal fob price increased following a rise in the premium hard coking coal fob price on Tuesday, sources said, while Hay Point Coal Terminal (HPCT) in Queensland suspended operations on Thursday due to heavy rain, a source told Fastmarkets.

Chinese HRC prices rise, but trading still thin

Spot prices for hot-rolled coil in China strengthen on Thursday December 30, though trading activity remained thin amid poor demand.