The local prices are expected to be released soon, stay tuned!
Got it
+86 021 5155-0306
Language:  

SMM Daily Comments (May 5): LME Base Metals Rose across the Board, SHFE Nickel Plunged

  • May 05, 2023, at 6:16 pm
  • SMM
Crude oil futures gained ground today. As of 15:13 CST, WTI oil and Brent oil rose more than 1%.

Crude oil futures gained ground today. As of 15:13 CST, WTI oil and Brent oil rose more than 1%.

The U.S. dollar edged lower today. As of 15:14 CST, the U.S. dollar index fell 0.19%.

As of the closing of the intraday trading, SHFE zinc rose 0.64%, SHFE nickel plummeted more than 2%, SHFE aluminum fell 0.68%, SHFE tin dipped 0.42%, SHFE copper dropped 0.27%, and SHFE lead fell 0.13%.

On the ferrous metals front, coking coal rose 1.31%, coke surged 1.64%; stainless steel fell 0.1%, hot-rolled coil fell 0.38%, and rebar dropped 0.52%.

LME metals rose across the board. As of 15:19, LME tin rose by 1.82%, LME lead and zinc rose by about 1%, LME copper gained by 0.68%, LME nickel rose by 0.65%, and LME aluminium climbed by 0.52%.

Weak Electric Vehicle Pricing Will Spread To New Car Market, Analyst Says

IEA: Global Electric Vehicle Sales Proliferated in 2022, China Led the Growth

'Bond King' Jeffrey Gundlach Says Sharp Fed Rate Cuts By Year-End Will Push Up Gold Prices

SMM Daily Comments (May 4): Coking Coal and Oil Prices Plunge, SHFE Nickel Soar, Gold Hit Record High

ANZ: Oil Market to Remain Bearish, WTI Oil Prices Rebounded After A Roller Coaster

  • SMM Comments
  • SMM Insight
  • Industry
  • Copper
  • Aluminium
  • Zinc
  • Tin
  • Nickel
Live chat via WhatsApp
Help us know your opinions in 1minutes.