Crude oil fell for two consecutive weeks, base metals were red across the board, London and Shanghai tin soared by more than 5%, London and Shanghai nickel rose first, and Shanghai copper touched 80,000!

Published: Apr 21, 2024 14:09
Source: SMM
SMM, April 20: Metal market: Overnight, base metals rose across the board, with Shanghai tin up 5.48% and Shanghai nickel up 3.85%. Shanghai copper rose 1.39%, the highest intraday rose to 80,170 yuan / ton, a new high since May 2006. Shanghai aluminum rose 0.47%, and Shanghai zinc rose 0.88%. Shanghai lead rose 1.22%. Alumina fell 1.19%. 》

Shanghai copper rose above the 80,000 mark, hitting a new high since 2006, London copper once hit the 9900 mark, how do you see the market outlook? [SMM Express] Overnight, the black series was mixed, iron ore rose 0.35%, stainless steel rose 1.85%, coking coal fell 0.11%, coke rose 0.13%, rebar, hot coil fell 0.16%, 0.44% respectively. Overnight, LME metals were red across the board, with London tin up 5.73% and London nickel up 4.83%. London zinc rose 1.37%, London lead rose 1.56%, and London aluminum rose 1.76%. London copper rose 1.44%, with an intraday high of $9913.4 per ton, a new high since April 2022. LME tin holdings concentrated in a large account to attract attention [SMM Commentary] Overnight precious metals: Shanghai gold rose 0.18%, Shanghai gold rose nine times in a row, this week's weekly line rose 0.18%, Shanghai silver rose 0.76%, Shanghai silver rose nine times in a row, this week's weekly line rose 0.76%. COMEX gold rose 0.36%, COMEX gold rose for five consecutive weeks, and the weekly increase this week was 1.37%; COMEX silver rose 1.29%,

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Crude oil fell for two consecutive weeks, base metals were red across the board, London and Shanghai tin soared by more than 5%, London and Shanghai nickel rose first, and Shanghai copper touched 80,000! - Shanghai Metals Market (SMM)