using lme steel to track prices of iron ore

Ferrous metals | London Metal Exchange

Ferrous metals. The LME cash-settled ferrous contracts were designed in close consultation with the steel community to meet their risk-management needs. All our ferrous contracts are underpinned by leading and carefully selected index providers, and are tradable on LMEselect and via the inter-office market out to 15 months.

Iron Ore | 2007-2021 Data | 2022-2023 Forecast | Price ...

Iron ore with 63.5% iron content for delivery to Tianjin extended its losses towards $100 per metric tonne, less than half of its record high of $230 hit in May and the lowest level since July of 2020, on concerns over demand in China. Chinese authorities have put steel output curbs in place in efforts to bring down inflationary pressures in commodity markets and to lower carbon emissions.

Home | London Metal Exchange

The LME is the trading and price-formation venue of choice for industrial metals globally 24 Sep 2021 Featured non-ferrous last traded 3-month prices, 15 minutes delayed (US$)

LME Steel Rebar | London Metal Exchange

LME reference prices Back LME reference prices. Find out more about LME''s reference prices. ... LME Steel Rebar; Ferrous. ferrous metals LME Steel Rebar Contract specifications. Trading day summary Last traded prices Volume and open interest ...

LME WEEK 2019: Mixed trends for prices predicted for …

2019-11-2 · Iron ore prices soared in the first half of 2019, with Fastmarkets'' iron ore 65% Fe blast furnace pellet index, cfr Qingdao, reaching a year-to-date high of $147.08 per tonne cfr Qingdao on July 5, up from $121.38 per tonne on January 4. Even so, Liao said the iron ore prices were not high enough to encourage much in terms of new capacity.

Using Metal Price Indexes to Track Obscure Metals

2014-11-19 · In fact, a guest author on MetalMiner reported back in April, looking at data from January 2012 to January 2014 a correlation of 0.87 between the nickel price and stainless steel prices…

Bulk Buys: China''s record steel prices support iron ore ...

2021-3-3 · "The recent increase in steel prices has led steel mill margins in China to positive territory, providing key support for iron ore prices," said CBA in a report. The rise in Chinese steel rebar prices is matched by a sharp upturn in prices for the LME''s steel rebar futures contract which this week is back to trading at near record highs.

LME base metals prices and charts

33,792.90. Tin Cash (CAD/MT) 24 Sep. 48,488.34. Tin 3M (CAD/MT) 24 Sep. 46,435.50. (Indicative Fastmarkets prices derived from LME data from the previous business day) Access live LME data with Fastmarkets Mydesk.

LME steel billet News, Prices & Expert Analysis | Metal ...

LIVE FUTURES 13/09: Aluminium falls from $3,000 high, nickel down 3.3% as LME base metals fall. London Sep 13, 2021 @ 16:52. Off-warrant stocks in aluminium, copper grow outside LME sheds; total up 5.6%. London Sep 13, 2021 @ 12:25. Nickel sulfate prices in China soften despite strong exchange prices for nickel.

LME reference prices | London Metal Exchange

The LME Asian Reference Price is calculated using the volume-weighted average of trades transacted on LMEselect during the most liquid period of Asian trading hours. Price convergence The fact that LME futures can be physically settled plays a vital role in ensuring price convergence with the physical metals industry, ensuring that our prices ...

Iron Ore PRICE Today | Iron Ore Spot Price Chart | Live ...

2021-7-28 · Iron Ore Price: Get all information on the Price of Iron Ore including News, Charts and Realtime Quotes.

Iron Ore And Coking Coal News, Prices and Analysis | …

FERROUS ANALYTICS: Steelmakers see margins surge in August amid iron ore crash. Singapore Sep 10, 2021 @ 15:14. IRON ORE DAILY: Prices stay weak amid expectations of steel production cuts. Shanghai Sep 10, 2021 @ 12:15. Port Hedland iron ore shipments fall 5% in August. Singapore Sep 10, 2021 @ 10:37.

Steel | 2016-2021 Data | 2022-2023 Forecast | Price ...

Shanghai steel futures extended the upward momentum to trade around CNY 5,800 a tonne in late September, the highest since mid-May and getting close to a record of CNY 6198 hit earlier this year. Environmental curbs in China''s Jiangsu and Zhejiang provinces hit steel mills, with production falling in September and August as the top producer is attempting to reach carbon …