April 2022

LME nickel price drops; aluminium down 5% week-on-week

Base metals prices on the London Metal Exchange were mixed at the close on Friday April 29, with all eyes still focused on low inventory levels.

Seaborne coking coal prices down on poor trading, bearish sentiment

Seaborne coking coal prices in the cfr China market declined on Friday April 29 on lower trade prices and expectations that domestic coke prices would drop. The seaborne low-volatility pulverized coal injection (PCI) price in the fob Australia market increased in accordance with this week’s rise in the premium hard coking coal price.

Iron ore prices move up on improving market sentiment

Seaborne iron ore prices pushed up on Friday April 29, with improving market sentiment prompting an upturn in Chinese iron ore futures and front-month swaps contracts in Singapore, sources told Fastmarkets.

Chinese HRC prices rise again after government pledges further support for economy

Spot prices for hot-rolled coil in China’s domestic market rose for a third straight day on Friday April 29, after a morale-boosting announcement of further support for the economy at the government's latest Politburo meeting.

Rebar futures in China rise after central govt meeting to stabilize economic growth

Rebar futures on the Shanghai Futures Exchange increased on Friday April 29 following a central Chinese government meeting aimed at working out ways to stabilize China’s economic growth.

Copper is top performer in Friday morning rebound for LME base metals

Copper and zinc made the biggest morning gains among the base metals on the London metal Exchange on Friday April 29, supported by the Chinese government's commitment to support its economy through its ongoing Covid-19 lockdowns.

LME base metals prices rise on Chinese stimulus promises, but overall still vulnerable

Base metals prices on the London Metal Exchange edged up across the board on the morning of Friday April 29, as were most on the Shanghai Futures Exchange, with the exception of aluminium.

LME base metals close lower, US Dollar Index highest since 2017

Base metals prices on the London Metal Exchange were mixed but largely lower at the 5pm close on Thursday April 28, with the US Dollar Index continuing to move higher.

Base metal warrants report for April 27

A summary of the London Metal Exchange warrant premiums from across the globe for the week to Wednesday April 27.

Iron ore prices up amid slight boost in market sentiment

Seaborne iron ore prices rose slightly on Thursday April 28 amid a slight improvement in market sentiment, sources told Fastmarkets.