Latest Update in the China Tin Market

SHFE nonferrous metals all went up today, amid the dovish statement by the European Central Bank president, the high US jobless claims, and the high July PMI in Eurozone.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on July 23, 2021

Shanghai base metals mostly cruised higher on Friday morning amid dovish comments from European Central Bank. Meanwhile, their counterparts on the LME traded mixed.

SHFE nonferrous metals generally increased as the spread of Delta variant of the COVID-19 virus intensified the market concerns.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on July 22, 2021

Shanghai base metals were mostly higher on Thursday morning as investors tracked another batch of quarterly earnings and shrugged off Covid-19 fears. Meanwhile, their counterparts on the LME also rose for the most part.

SHFE nonferrous metals, except for lead, all went down, as the amounts of national reserve to be released fell short of expectation, and the floods in Henan will recede in recent days.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on July 21, 2021