September 2021

LIVE FUTURES REPORT 30/09: Nickel drops to three-month low on LME, Al only price higher than Sept 1

Nickel's three-month price was at its lowest since late June on the afternoon of September 30; all other London Metal Exchange prices were down across the board by 2-4%.

SHFE STOCKS REPORT 30/9: Inventories of base metals broadly down; aluminium bucks trend

Deliverable stocks of base metals in Shanghai Futures Exchange-registered warehouse broadly declined in the week to Thursday September 30, with tin recording the biggest fall and aluminium being the lone riser.

IRON ORE DAILY: Seaborne prices in panic rise after fatality at FMG site in Western Australia

Seaborne iron ore prices increased on Thursday September 30, after reports of a fatality at Fortescue Metals Group’s (FMG) Solomon Hub in Western Australia, sources told Fastmarkets.

COKING COAL DAILY: New deal pushes up cfr prices

Seaborne cfr prices increased on a new deal on Thursday September 30; sources expect seaborne coking coal prices in the cfr market to edge up after China’s National Day holiday, partly due to the ongoing power shortage.

CHINA HRC: Trading muted ahead of National Day break

Spot prices for hot-rolled coil in China moved within a tight range on Thursday September 30 on thin trading ahead of a week-long holiday to mark the country’s National Day.

LIVE FUTURES 30/09: Steady prices on LME; aluminium, tin strong ahead of month's end

London Metal Exchange prices were largely unchanged on the morning of Thursday September 30, with tin and aluminium the standout performers for the month.

CHINA REBAR: Prices rise sharply on production cuts in September

China’s domestic rebar prices gained more strength on Thursday September 30 amid tight supply, ending the month with a sharp increase of around 13% in the eastern region and 14% in the north.

MORNING VIEW: Metals mixed, with dip buying evident on LME; SHFE weaker

Base metals prices were mostly slightly up on the LME but weaker on the SHFE this morning, Thursday September 30, but overall the markets seem to be consolidating while they await big-picture developments.

Chinese stainless steel prices nosedive on weakened demand

China’s stainless steel prices plunged in the week to Wednesday September 29 due to the weak demand and destocking pressure.

LIVE FUTURES REPORT 29/09: Nickel almost below $18,000/t; all LME prices fall with dollar at 10-month high

Nickel was almost at a four-month low, while all prices on the London Metal Exchange declined on Wednesday September 29, pushed down by the continued uncertainty over demand given high energy prices and a US Dollar Index that was at its highest since November 2020.