October 2021

LIVE FUTURES 29/10: China thermal coal intervention drives weekly aluminium losses

Base metals prices on the London Metal Exchange closed lower on a week-on-week basis on Friday October 29, after Chinese state planners intervened to cool surging thermal coal prices this week.

Alumina market turns bearish on aluminium price drop

The recent decline in aluminium prices stoked bearish sentiment in the alumina market, pushing prices down 5% on Friday October 29.

SHFE STOCKS REPORT 29/10: Stocks mixed; copper up by 23.8%, tin down by 22.1%

Changes to deliverable stocks of base metals in Shanghai Futures Exchange warehouses were mixed during the week to Friday October 29, with copper registering the most gain in percentage terms and tin leading the declines.

COKING COAL DAILY: PCI prices fall amid thermal coal price drop; participants wait and see

Seaborne low-vol PCI prices in both the fob and cfr markets fell following the drop in thermal coal prices. And China’s National Development & Reform Commission intervention, plus the news that stranded Australian coal was allowed to clear Chinese customs, have put market participants in a wait-and-see mode.

IRON ORE DAILY: Prices continue to slide ahead of winter-heating season in north China

Seaborne iron ore prices continued to fall on Friday October 29 after Hebei and Shandong provinces introduced steelmaking production restrictions to curb air pollution, with further emissions limits expected in the winter-heating season from November 1, sources said.

CHINA HRC: Early gains in futures market prop up prices in eastern region

Hot-rolled coil prices in eastern China increased on Friday October 29 on early gains in the futures market and a pick-up in spot buying activity.

LIVE FUTURES 29/10: LME nickel price down 1.5%; most base metals on course for monthly increase

Base metals prices on the London Metal Exchange were broadly down on the morning of Friday October 29 following a brief rally on Thursday, however all but aluminium look set for a positive monthly close.

CHINA REBAR: Eastern region's price increases narrow weekly losses

Eastern China’s rebar prices increased on Friday October 29 on rising end-user demand, narrowing this week’s cumulative losses in comparison with those experienced last week.

LIVE FUTURES 28/10: Base metals rally on LME, aluminium up 2.3% on large volumes

Base metals prices on the London Metal Exchange were up across the board at the 5pm close of trading on Thursday October 28, continuing to rebound following a recent period of widespread selling.

China’s domestic alumina prices flat after aluminium price tumbles

Demand and prices for alumina in China were in limbo this week because market participants have become cautious after a steep decline in downstream aluminium prices, Fastmarkets heard on Thursday October 28.