SMM Comment: SHFE And LME Base Metals Mostly Rise, Ferrous Metals And Crude Oil Also Outperform, US Dollar Softens

Th05 06, 2023, at 10:46 am
SMM

Yesterday, prices of two major crude oil futures contracts rose sharply, with WTI up 4.03% and Brent up 3.96%. However, the weekly chart shows that WTI and Brent fell for three consecutive weeks.

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SMM Comment: SHFE And LME Base Metals Mostly Rise, Ferrous Metals And Crude Oil Also Outperform, US Dollar Softens

Operating Rates Of Enamelled Wire Industry Slid In April As Expected, To Extend Decline In May

RCs of Blister Copper In South China Will Fall In May