Base metals prices continue downtrend as China’s intervention coal markets continue to weigh. |
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Thermal coal futures in China continue to sell off and nearly hit the 10% down trading limit in Thursday’s trading session. Chinese thermal coal prices are down almost 40% since October 19. As metals producers have shuttered production due to high electricity costs, lower thermal coal prices could encourage production. Prices for base metals could fall further if higher metals production occurs. (10/29/2021). |
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Note: Clients with AEGIS Platform access can see this and other research, plus hedge portfolio reporting and tools here. |
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Price Indications |
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Today's Charts |
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AEGIS Insights |
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10/14/2021: Is It Wise to HRC Steel with Crude Oil? 10/5/2021: Section 232 Tariffs: Most relevant developments (AEGIS Reference) 09/16/2021: AEGIS Factor Matrices: Most important variables affecting metals prices 09/07/2021: China Exports Are an Economic Spot as Value Hits All-Time High 08/09/2021: China's Copper Imports Slow as Prices Weigh on Demand |
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Important Headlines & Economic Data |
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AISI Steel Capability Utilization Rate Investing.com Economic Calendar 10/28/2021: Iron ore price down as Beijing moves to cool coal prices 10/28/2021: Chinese Smelters to Increase Exports as Short Squeeze Pushed LME Copper Prices Higher 10/27/2021: Iron ore price retreats amid Chinese intervention to cool commodity prices 10/27/2021: Shanghai aluminum drops to 2-month low as coal prices tumble 10/26/2021: Record China Defaults in Focus as Modern Land Joins the List 10/26/2021: Another Chinese property developer defaults, shares drop 10/25/2021: Copper prices rebound as stockpiles fall 10/25/2021: Fresh lockdowns in China as local Covid-19 infections spread to 11 provinces 10/25/2021: China locks down thousands, expects new Covid outbreak to worsen in coming days 10/24/2021: Copper chaos is latest in a rich history of wild metal swings 10/22/2021: London Metal Exchange has to restrain disorderly copper 10/22/2021: EU in talks with China to avoid “catastrophic” magnesium crunch 10/22/2021: Nucor profitability continues through Q3 |
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| Important Disclosure: Indicative prices are provided for information purposes only, and do not represent a commitment from AEGIS Hedging Solutions LLC ("Aegis") to assist any client to transact at those prices, or at any price, in the future. Aegis makes no guarantee to the accuracy or completeness of such information. Aegis and/or its trading principals do not offer a trading program to clients, nor do they propose guiding or directing a commodity interest account for any client based on any such trading program.
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