SMM Daily Comments (Apr 14): Most Base Metals Prices Rose, Gold and Silver Hit New High, US Dollar Index Fell for Four Consecutive Days

The U.S. dollar index fell for four consecutive days, falling 0.14% as of 15:18 CST.

Crude oil futures fluctuated slightly. As of 15:19, WTI oil rose 0.15%, and Brent oil rose 0.03%. As of the day's closing, SHFE lead fell 0.1%, SHFE tin rose 2.52%, SHFE nickel gained 1.96%, and SHFE zinc rose 1.75%. SHFE copper and aluminium rose about 1.3%. Iron ore fell 0.84%, stainless steel rose 0.76%, hot-rolled coil rose 0.5%, rebar was up 0.39%, and coke increased 0.17%.

In terms of precious metals, Shanghai gold rose by 0.78%; Shanghai silver rose by 2.03%, reaching a new high of 5,822 yuan/g since June 11, 2021.

LME metals mostly rose across the board. As of 15:32, LME lead was flat, LME zinc gained 1.32%, LME tin rose 1.17%, LME nickel rose 0.86%, LME aluminium rose 0.61%, and LME copper rose 0.23%.