August 2021

LIVE FUTURES 31/08: LME Al above $2,700/t, up 3% since start of August, lead down 6%

Aluminium's three-month price had the strongest growth in the complex this month, trading at $2,726.50 per tonne on Tuesday August 31, while most other prices on the London Metal Exchange were lower than on August 2.

LME to launch LMEpassport with aluminium on October 1

The London Metal Exchange’s new digital register for physical metals data, LMEpassport, will launch on October 1, starting with aluminium, the exchange announced on Tuesday August 31.

CHINA HRC: Domestic prices dip on weak economic data

Domestic hot-rolled coil (HRC) prices in China edged lower on Tuesday August 31; futures prices pulled back due to the latest factory activity data prompting concerns over the country’s economic recovery.

IRON ORE DAILY: Seaborne prices down on possible steel output curbs in Guangxi

Seaborne iron ore prices were down on Tuesday August 31 amid suggestions in the local media that steel production cuts would be imposed in China’s Guangxi province, sources told Fastmarkets.

COKING COAL DAILY: Prices rise amid continuing supply tightness

Seaborne coking coal prices increased across the board in both the cfr and fob markets on Tuesday August 31 amid ongoing tight supply, sources said.

CHINA REBAR: Strong end-user demand prevents sharp price drop

China’s domestic rebar prices edged down slightly on Tuesday August 31, but less so than futures due to strong end-user demand.

LIVE FUTURES 31/08: Aluminium at highest since May 2011, nickel up 3.4% on LME

London Metal Exchange prices were mixed on the morning of Tuesday August 31, with aluminium and nickel leading on the upside due to tightening fundamentals but lead's three-month price under pressure.

MORNING VIEW: Base metals prices upbeat despite weak Chinese PMI data

Base metals prices on the London Metal Exchange were mainly firmer on the morning of Tuesday August 31, while those on the Shanghai Futures Exchange were more mixed.

IRON ORE DAILY: Seaborne prices fall amid concerns about further steel production cut

Seaborne iron ore prices decreased on Monday August 30 due to China’s potentially stricter steel production cuts by the end of November, sources said.

COKING COAL DAILY: Prices gain largely on tight supply

Seaborne coking coal prices increased on Monday August 30, largely due to tight supply, sources said.