December 2023

Potential impact of cyclone Jasper adds to upward pressure to coking coal prices in Asia

Asia coking coal prices continued to rise on Thursday December 7, with spot market participants pricing in the potential impact of tropical cyclone Jasper on Australian supplies and sentiment, sources told Fastmarkets.

Iron ore prices rise amid positive expectations for China next stimulus measures, uptick in crude steel output

Seaborne iron ore prices edged up on Thursday, December 7, amid positive market sentiment and elevated crude steel output, sources told Fastmarkets.

LME base metal prices mixed after disappointing data from China

Base metal prices on the London Metal Exchange remained mixed across the complex on the morning of Thursday December 7, following disappointing economic data from China.

Chinese HRC prices rise to four-month high on rekindled stimulus hopes

Chinese hot-rolled coil prices extended their gains, hitting a four-month high on Thursday December 7, thanks to the sustained support from raw materials costs and the resurgence of expectations for big stimulus measures, sources told Fastmarkets.

China’s domestic rebar prices rise further on high raw material costs

China’s domestic rebar prices remained on an uptrend on Thursday December 7 due to the higher prices for raw materials and positive steel export data released on the same day, sources said.

China's domestic stainless steel prices hit year-to-date low, sparks buying interest

China’s domestic stainless steel prices dropped sharply over the week ended Wednesday December 6 and set a new year-to-date low, which attracted buying interest, sources told Fastmarkets.

Tin escapes downward movement in SHFE base metal prices

Base metal prices on the Shanghai Futures Exchange (SHFE) movements were broadly down across the board during the morning trading session on Thursday December 7, with tin the sole metal to record an increase.

Midweek LME base metals prices mixed; tin increases by 2.42%

Base metal prices on the London Metal Exchange were mixed across the complex at the 5pm close on Wednesday December 6.

Seaborne iron ore prices rise on restocking demand

Seaborne iron ore prices rose on Wednesday December 6 in line with futures and swap prices, demand for seaborne cargoes increasing on restocking demand, and slightly improved import arbitrage, sources told Fastmarkets.

Asian coking coal prices rise on strong platform buying interest; cyclone still a concern

Most Asian coking coal prices rose on Wednesday December 6 amid strong purchasing interest on the globalCOAL trading platform, market sources told Fastmarkets.