By Andrew Aloia BBC Sport Last updated on 11 October 2021 11 October 2021 . From the section Football Watson was a trailblazer who helped transform how football was played There are two murals of black footballers facing one another across an alleyway in Glasgow. One helped shape football as we know it, the other is Pele. Andrew Watson captained Scotland to a 6-1 win over England on his debut in 1881. He was a pioneer, the world's first black international, but for more than a century the significance of his achievements went unrecognised. Research conducted over the past three decades has left us with some biographical details: a man descended of slaves and of those who enslaved them, born in Guyana, raised to become an English gentleman and famed as one of Scottish football's first icons. And yet today, 100 years on from his death aged 64, Watson remains something of an enigma, the picture built around him a fractured one. His grainy, faded, sepia image evokes many differen
Chinese steel futures also closed at all-time highs, underpinned by robust demand and concerns over production curbs. (Stock Image)
Iron ore prices jumped to a fresh high on Monday on robust Chinese demand.
Iron ore futures on the Dalian Commodity Exchange, for September delivery, closed 4.3% higher at 1,145 yuan. The contract jumped 6.3% earlier.
According to Fastmarkets MB, Benchmark 62% Fe fines imported into Northern China (CFR Qingdao) were changing hands for $193.58 a tonne on Tuesday, up 3.93% from Friday trade.
The high-grade Brazilian index (65% Fe fines) also advanced to a record high of $226.90 a tonne.
“Iron ore prices are mainly supported by structural contradiction of supplies, there’s shortage in medium and high-grade products,” Zhuo Guiqiu, analyst with Jinrui Capital, told Reuters.
Even the low-grade Super Special Fines with 56.7% iron content is at over 1,200 yuan a tonne, which is more expensive than the most-traded futures contract, Zhuo added.
Chinese steel futures also closed at all-time highs, underpinned by robust demand and concerns over production curbs.
The northwest Shaanxi province recently urged local departments, as requested by China’s state planner and other authorities, to verify local steelmakers’ crude steel output in 2020 and explain those whose production exceeded designated capacity or didn’t meet it.
Another major steelmaking city Handan in the Hebei province recently issued a notice, asking mills to implement production-control measures in the second quarter.
COPPER JUMPED TO A 10-YEAR HIGH AS COMMODITIES ADVANCE TOWARD THE HIGHS OF THE LAST SUPERCYCLE
The measures have sparked concerns of more curbs in the ferrous sector, lifting prices as demand is still strong during the peak season.
The most-active construction rebar on the Shanghai Futures Exchange, for October delivery, rose as much as 4.3% to 5,475 yuan ($843.63) a tonne. It closed up 2.3% at 5,371 yuan.
Top iron ore producers Rio Tinto, BHP, and Vale released disappointing output figures last week. And a weaker dollar is making commodities traded in the currency cheaper to buy.
Aluminum is surging and copper jumped to a 10-year high as commodities advance toward the highs of the last supercycle. Metals are benefiting as the world’s largest economies announce stimulus programs and climate pledges as they rebuild from the coronavirus shock.
“Biden’s new climate promises and at least lip service by China to greener domestic policies are keeping the demand picture rosy,” Tai Wong, head of metals derivatives trading at BMO Capital Markets told Bloomberg.
Company posted a 1.2% fall in third-quarter gold output, hit by lower production at its Lihir mine in Papua New Guinea and a slow recovery at its flagship Cadia mine.
The pace of the digital transition will impact the intensity in the use of energy, as well as direct demand for metals used in manufacturing, Fitch says.
By Andrew Aloia BBC Sport Last updated on 11 October 2021 11 October 2021 . From the section Football Watson was a trailblazer who helped transform how football was played There are two murals of black footballers facing one another across an alleyway in Glasgow. One helped shape football as we know it, the other is Pele. Andrew Watson captained Scotland to a 6-1 win over England on his debut in 1881. He was a pioneer, the world's first black international, but for more than a century the significance of his achievements went unrecognised. Research conducted over the past three decades has left us with some biographical details: a man descended of slaves and of those who enslaved them, born in Guyana, raised to become an English gentleman and famed as one of Scottish football's first icons. And yet today, 100 years on from his death aged 64, Watson remains something of an enigma, the picture built around him a fractured one. His grainy, faded, sepia image evokes many differen
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