April 2021

LIVE FUTURES REPORT 30/04: LME tin, copper prices surge by 14% in April despite dimmer closing prices

While the whole London Metal Exchange base metals complex ended the month on solidly higher prices than at the start of April on a recent bullish streak, a dollar index at its highest in a week pushed down copper and aluminium prices at the close on Friday April 30.

PRICING NOTICE: Delayed publication of European aluminium scrap and secondary prices

The publication of Fastmarkets’ European aluminium scrap and secondary prices assessments for Friday April 30 have been delayed because of a technical issue.

LME to publish discussion paper results around June 8; no decision on ring yet

The London Metal Exchange will announce the results of its discussion paper on market structure on or around June 8 and has not yet made any decisions on the whether to reopen the ring, it said.

SHFE STOCKS REPORT 30/04: Most base metals inventories down; nickel falls 8%

Deliverable stocks of most base metals in Shanghai Futures Exchange-registered warehouses fell in the week to Friday April 30, with nickel down by the most in percentage terms.

COKING COAL DAILY: PCI price up sharply in cfr market amid new buying interest

Seaborne coking coal prices climbed in the cfr market amid tight supply and rising offers on Friday April 30, but inched lower in the fob market amid soft buying activity, market sources told Fastmarkets.

IRON ORE DAILY: Limited demand ahead of five-day holiday in China

Seaborne iron ore prices fell on Friday April 30 in a quiet market ahead of the May 1-5 Labor Day public holiday in China.

CHINA REBAR: Demand dries up on eve of Labor Day

China’s domestic rebar prices dipped on Friday April 30, just a day before the start of a five-day break to mark Labor Day in the country.

LIVE FUTURES REPORT 30/04: Further gains for LME tin, lead; copper consolidates

Futures prices on the London Metal Exchange were mixed in the morning of Friday April 30, with tin, aluminium and lead all posting gains, while copper fell from the $10,000-per-tonne high achieved on Thursday.

LIVE FUTURES REPORT 29/04: Copper, zinc reach multi-year highs; higher dollar hinders closing prices

The three-month price of copper breached the $10,000-per-tonne mark on the London Metal Exchange during trading on Thursday April 29, while zinc and aluminium also reached fresh year-to-date and multi-year highs, driven by overall bullish sentiment.

ADC 12 aluminium ingot prices in China rise on reduced production, increased costs

ADC 12 aluminium alloy prices in China rose on Wednesday April 28, due to higher production costs and reduced supplies, caused by a month of environmental inspections in Jiangxi province.