January 2021

LIVE FUTURES REPORT 29/01: Tin up 1.5% over week, macro concerns depress other prices

Tin’s forward price rose by 1.5% in the week ended Friday January 29, while the rest of the base-metals complex on the London Metal Exchange, nickel and zinc in particular, showed lower prices than on Monday.

SHFE STOCKS REPORT 29/01: Tin inventories up 22%, lead down 14%

Base metals inventories, with the exceptions of lead and copper, were reported to be higher in Shanghai Futures Exchange-registered warehouses in the week to Friday January 29, with tin up by the most in percentage terms, rising by 22.1% over the past week.

IRON ORE DAILY: Seaborne prices buck downtrend amid firm buying interest

Seaborne iron ore prices were up on Friday January 29 amid firmer buying interest, market sources told Fastmarkets.

COKING COAL DAILY: Seaborne prices flat; Australian premium price unlikely to pass $160/t short term

Seaborne coking coal prices in both the fob and cfr markets kept relatively flat on Friday January 29, with no deals heard during the day although sources do not believe the seaborne premium hard coking coal fob price will exceed $160 per tonne in the short term.

CHINA HRC: Exporters raise offers amid concerns over export rebate

China’s hot-rolled exporters raised their offers on Friday January 29 despite a declining domestic market amid to concerns over rebate cut for outbound shipments.

LIVE FUTURES REPORT 29/01: LME nickel, lead down 1%; tin continues to rise to new 2021 highs

Tin continued its advance to new 2021 highs in morning trading on the London Metal Exchange on Friday January 29, while the rest of the complex weakened slightly from Thursday, with nickel and lead’s forward prices dropping by 1%.

Zinc price drops to three-month low after ‘shadow stocks’ hit market

The arrival of around a quarter of a billion dollars of zinc into London Metal Exchange warehouses this week has dented the metal’s price prospects, confirming analysts’ view of a well-supplied market.

CHINA REBAR: Market winding down on early holiday plans

China’s domestic rebar prices were flat on Friday January 29 amid inactivity, with the situation set to be compounded next week when many market participants plan to make an early start to their holiday for the Chinese New Year.

MORNING VIEW: Base metals prices mixed, with downside bias; broader markets under pressure

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part weaker this morning, Friday January 29, with aluminium bucking the trend on both exchanges and March tin on the SHFE also higher.

LIVE FUTURES REPORT 28/01: Tin breaches $23,000 but other results mixed

The price of tin on the London Metal Exchange rose to a new 2021 high on Thursday January 28, while the rest of the base-metals complex showed mixed results at the 5pm close.