March 2022

Seaborne coking coal fob prices continue downtrend

Seaborne coking coal fob prices continued their downtrend on Thursday, while Chinese domestic coking coal prices increased on improved market sentiment.

Iron ore prices largely stable despite gains in futures

Seaborne iron ore prices remained largely steady on Thursday March 31 despite gains in the futures market.

Chinese HRC prices extend decline on weak PMI data

Spot prices for hot-rolled coil in China’s domestic market extended their losses on Thursday March 31, with sentiment hit by the country’s weak factory activity data for March.

Base metal futures consolidate following weak Chinese PMI data

Base metal futures on the London Metal Exchange were largely down at the 9am open on Thursday March 31 following rallies across the complex the previous day.

China domestic rebar prices edge up on futures gains

China’s domestic rebar prices increased slightly on Thursday March 31 following futures gains, although this did not stimulate any significant market activity, sources told Fastmarkets.

LME base metals prices holding up despite weak Chinese data

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed on the morning of Thursday March 31, with a slowdown in Chinese manufacturing likely to weigh on overall sentiment.

China’s domestic stainless steel prices flat on lack of activity

China’s domestic stainless steel prices were mostly flat in the week to Wednesday March 30, with demand remaining weak due to logistics issues caused by the country's latest Covid-19 outbreak and the resulting lockdown restrictions.

LME base metals higher near quarter-end, 5pm zinc hits record high

Base metals prices on the London Metal Exchange closed stronger at the 5pm close on Wednesday March 30, as quarter-end approaches.

Nickel premiums in US soar, Europe sees rise, while closed arbitrage keeps China quiet

LME price volatility led to a sharp rise in US refined nickel premiums in the week to Tuesday March 29, amid concerns over supplies, and the return of market participants in Europe saw premiums there rise, while activity in China's domestic market remained muted.

Iron ore prices pick up amid rallies in futures, swaps

Seaborne iron ore prices rose on Wednesday March 30, tracking gains in the futures and swaps markets.