May 2021

IRON ORE DAILY: Prices follow steel uptrend amid talk of easing curbs in Tangshan

Seaborne iron ore prices rose on Monday May 31 amid support from increasing billet prices in China over the weekend and a potential easing of restrictions on steelmaking in Tangshan.

COKING COAL DAILY: Seaborne cfr prices surge on Monday with new deal heard

The seaborne premium hard coking coal price in the cfr market jumped on Monday May 31, with a deal heard done at $275 per tonne cfr China, sources told Fastmarkets.

CHINA HRC: Domestic prices extend rally

Hot-rolled coil prices in China’s domestic market cruised higher on Monday May 31, with the futures market extending its rally.

CHINA REBAR: Sharp price rise sends demand falling

China’s domestic rebar prices rose sharply on Monday May 31 following strong gains in the billet market over the weekend, but demand decreased in response to the increases.

LIVE FUTURES REPORT 28/05: LME metals end week on strong footing; tin at $30,400

Nickel’s price was up by more than 5% on the London Metal Exchange and tin’s was up by 4.3% since the start of the week, with bullish momentum returning to the base-metals complex on Friday May 28 and all metal prices finishing higher than at the start of the week.

IRON ORE DAILY: Seaborne prices buck downward trend amid firmer steel values

Iron ore prices rose on Friday May 28 amid strong semi-finished and finished steel prices, driven by firmer demand from end users, sources told Fastmarkets.

CHINA REBAR: Domestic prices rise, stimulating demand

China’s domestic rebar price rebounded on Friday May 28 following futures gains, encouraging buyers to return to the market. Spot market sellers followed suit.

SHFE STOCKS REPORT 28/05: Most base metal inventories decline; tin down 13%

Base metals, with the exception of lead, registered declining inventories in Shanghai Futures Exchange-registered warehouses in the week to Friday May 28, with tin the biggest faller - down 13%.

LIVE FUTURES REPORT 28/05: Tin at new decade high on LME, other prices consolidate

Tin was the standout performer on the morning of Friday May 28, reaching a new year-to-date peak of $30,800 per tonne, while other LME futures prices had a more up-and-down start, with some having ended the Thursday session with increases of more than 3%.

MORNING VIEW: Consolidation over as base metals surge on numerous drivers

Base metals prices on the Shanghai Futures Exchange were up across the board while those on the London Metal Exchange were mixed during the morning of Friday May 28. This followed surging prices on Thursday.