SMM Mid-Day Comment: SHFE and LME Base Metals Mostly Fall, Ferrous Metals also Go Down, Oil and Dollar Outperform

SHANGHAI, May 23 (SMM) – As of CST 11:33, WTI and Brent oil rose 0.43% and 0.36% respectively. The US dollar index climbed 0.06% to 103.31.

SHFE base metals prices all fell, with tin losing 1.48%, zinc falling 1.47%.

Ferrous metals prices mostly went down, led by a drop of 2.26% in iron ore.

Coking coal and coke prices lost 0.72% and 0.68% respectively.

Prices of most LME base metals fell, with nickel down 1.1%, except for a gain of 0.2% in tin.

SHFE gold and silver lost 0.21% and 0.48% respectively.