June 2021

LIVE FUTURES REPORT 30/06: Copper tumbles 8.5%, aluminium up during June

Copper’s three-month price has shown the biggest fall during June among base metals on the London Metal Exchange, rocked by Chinese announcements and rising inventories, while the prices of other base metals such as aluminium and tin were higher than on June 1.

IRON ORE DAILY: Supply concerns over steel output prompt firmer iron ore prices

Iron ore prices rose on Wednesday June 30 when concerns were raised about China’s overall crude steel output for 2021, sources told Fastmarkets.

CHINA REBAR: Price flat on weak demand

China’s domestic rebar prices remained flat on Wednesday June 30 on weak demand while the futures price gained.

CHINA HRC: Domestic prices follow futures market higher on production cut expectations

Hot-rolled coil prices across China’s domestic market moved higher on Wednesday June 30, supported by futures prices that are underpinned by expectations of lower production for the rest of this year.

LIVE FUTURES REPORT 30/06: LME lead reaches new high, other prices stable

Prices were largely unchanged on the London Metal Exchange on the morning of Wednesday June 30, with the exception of lead which continued its steady rise, reaching a new year-to-date high of $2,340 per tonne during early trading.

LIVE FUTURES REPORT 29/06: LME lead above $2,300/t, all metals except copper rise

All prices on the London Metal Exchange except for copper finished the day on June 29 at higher prices than Monday, with lead showing the biggest gains and setting a new year-to-date high, and aluminium up by 2.5%.

IRON ORE DAILY: Prices fall amid emissions restrictions in China, depressed market sentiment

Iron ore prices fell amid Chinese emissions restrictions and depressed market sentiment on Tuesday June 29, with the ongoing rainy season in southern China also dampening demand, sources told Fastmarkets.

COKING COAL DAILY: China’s market stable, traders hold back activity

The seaborne premium hard coking coal price stayed large stable in the cfr market because most market participants adopted a wait-and-see attitude on Tuesday June 29, market sources said, while the price of premium hard coking coal fob DBCT inched higher on buying interest.

CHINA HRC: Domestic prices down slightly on poor trades

Hot-rolled coil prices in China’s domestic market inched lower on Tuesday June 29 while futures prices reversed earlier gains.

MORNING VIEW: Base metals down in London and Shanghai – spread of delta variant a headwind

Base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were weaker across the board this morning, Tuesday June 29, with the spread of the Covid-19 Delta variant a worrisome development.