October 21, 2021

Base metals push lower after Evergrande’s potential asset sale collapses.

LME Copper 3M is down about 2% this morning, and other base metals are weak.  Evergrande was in talks to sell 50.1% of its property services company to Hopson Development Holdings. Shares of Evergrande, which restarted trading yesterday, finished down about 12.5% on the news.  (10/21/2021)

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Price Indications

Today's Charts

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Important Headlines & Economic Data

AISI Steel Capability Utilization Rate

Investing.com Economic Calendar 

10/20/2021: China Evergrande shares plunge 12.5%, after $2.6 billion asset sale falls through

10/20/2021: China's commodity prices tumble after planner mulls coal intervention

10/20/2021: Russia may extend and raise scrap export duty

10/20/2021: London Metal Exchange moves to stem draining copper reserves

10/20/2021: Cost pressures mount for China's aluminum smelters as regions end discount power deals

10/19/2021: Trafigura played key role in draining LME copper inventories

10/19/2021: China's Sep primary aluminum output posts first on-year decline since June 2020

10/19/2021: Chinese developer Sinic defaults as Evergrande deadline looms

10/18/2021: Steel Dynamics Reports Record Third Quarter 2021 Results

10/18/2021: Dow futures shed 100 points as investors await a big week of earnings

10/18/2021: Defaults loom over more property developers as China reassures investors on Evergrande

10/17/2021: China Sept daily steel output lowest since Dec 2018 on power curbs

10/17/2021:  China’s coal hub Shanxi emerges from floods, easing coal supply concerns

10/17/2021: Coal supply to non-power sector has been controlled, not stopped: Coal India official

10/15/2021: Rusal plans to supply 300,000-400,000 tonnes of aluminium to China in 2021