DCE iron ore futures continued to rose in a day. the main contract closed 791. an increase of 2.66% throughout the day. some traders were active to sell, according to the market shipment.

Pan Gongsheng, director of the State Administration of Foreign Exchange, said that during the downturn of the global financial cycle, the medium and long-term allocation value of RMB assets is more prominent.

SHANGHAI, Jun 8 (SMM) -  SMM data showed that China's copper cathode output stood at 958,800 mt in May, down 11,200 mt or 1.2% MoM, but a rise of 17% YoY, and the output was 5,300 mt higher than expected.

China exported 475,367.8 mt of unwrought aluminium and aluminium semis in May, down 29.7% YoY. Export totalled 2,315,001 mt from January to May, a year-on-year drop of 20.2%.

Paul Voss, Director of the European Aluminum Association (EAA) said he thinks that the United States and the West may still sanction aluminum products imported from Russia.

Citigroup is still optimistic about the gold market in the next 6-12 months.

As of 15:04 CST, WTI oil and Brent oil rose 0.11% and 0.05% respectively, while the U.S. dollar index fell 0.11%.

According to data released by Clarkson, a British shipbuilding and shipping industry analysis agency, last month, global ship orders were 2.06 million corrected gross tons (CGT), a year-on-year decrease of 36%.