SMM Evening Comments (Apr 7): Shanghai base metals rose broadly on Beijing’s latest stimulus efforts

Telah Terbit: Apr 7, 2020 18:01
SHFE nonferrous metals closed higher across the board on Tuesday, as investor sentiment was bolstered by Beijing’s latest economic stimulus efforts and hopes that the spread of the global coronavirus pandemic may be slowing.



A moderate rebound in oil prices and concerns about ore supply also helped bolster prices of some metals.



Zinc remained the best performer with a one-day gain of 2.9%. Copper jumped 2.2%, tin advanced 1.4%, nickel and lead rose 0.9%, and aluminium climbed 0.8%.

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