Nickel led the losses among SHFE base metals and ended down 3.46%
SMM estimates that 80 vessels carrying 12.68 million mt of iron ore arrived at major Chinese ports during October 6-12, down 1.12 million mt from the week ended October 5.
SHFE base metals, except for aluminium, traded lower overnight
Most SHFE base metals closed lower as bullish positions booked profits and exited after US, China agreed to trade truce
Customs data show that China imported 99.35 million mt of iron ore in September, recording a new 19 month high.
SHFE base metals traded mixed on Friday night
SHFE nonferrous metals ended mixed on Friday
SMM statistics showed that iron ore stocks across 35 Chinese ports grew 5.94 million mt from pre-holiday levels to 116.64 million mt as of October 11.
LME base metals closed higher across the board, while the SHFE complex drifted mostly higher
SHFE nonferrous metals ended mostly higher on Thursday with zinc as the best performer