Major Wall Street Banks Lift Oil-Price Forecast, -2-

0205 GMT - Iron ore rises in early Asian trade. Prices are likely to continue fluctuating before China's weeklong National Day holiday, which begins Thursday, Baocheng Futures analysts say in a note. The ferrous metal's prices could weaken as its fundamentals remain weak due to a supply-demand imbalance, they add. The most actively traded January iron ore contract on the Dalian Commodity Exchange is 0.2% higher at 703.0 yuan a ton.(amanda.lee@wsj.com)

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China Copper Premiums Around Two-Year High After Inventory Drop -- Market Talk

0055 GMT - Chinese copper premiums are around a two-year high, supported by a sharp drop in inventories, Commonwealth Bank of Australia analyst Vivek Dhar says. "Both Shanghai bonded and SHFE [Shanghai Futures Exchange] on‑warrant metal stocks are now at two‑year lows," having fallen by 52% and 66%, respectively, over that period, says Dhar. Stocks have fallen as more metal is shipped to the U.S. amid talk of potential tariffs by the Trump administration. On Sept. 18, China's Yangshan bonded warrant premium reached $124/metric ton, a 72% rise on the start of the month, Dhar says. It has eased back to $119/ton as of Tuesday. "What is clear is that China's limited copper inventories and increased copper premium have not been caused by a significant improvement in Chinese demand," he says. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

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(END) Dow Jones Newswires

September 30, 2026 11:31 ET (15:31 GMT)