Shanghai and LME non-ferrous metals mostly closed with losses as the China government is determined to regulate the coal prices, and the US economy has been slowing evidenced by the recent economic readings.

Shanghai nonferrous metals closed largely with gains amid uncertainties over the US interest hike prospect and as the domestic market lacked new stimulus.

Shanghai and LME non-ferrous metals all closed with mixed performances, as the bullish sentiment weakened.

Shanghai nonferrous metals all closed in the positive territory with significant increase following the big gains on Friday, as the global energy crisis intensifies and a new round of power rationing in China is likely to or has kicked off.

Shanghai base metals all trended higher on Monday morning amid the intensifying global energy crisis. Meanwhile, their counter parts on LME trended mixed.

Total zinc inventories across seven Chinese markets stood at 139,100 mt as of October 15, up 2,500 mt from October 11 and 5,300 mt from October 8.

Metallurgical-grade, low-grade silicon metal started to retreat 3 working days before the National Day holiday, and continued such correction trend after the holiday. In particular, #553 oxygen-free silicon declined sharply as holders lowered inventory to collect funds main downstream aluminium alloy plants reduced production. East China #553 oxygen-free silicon prices have declined 60% within one week and returned to the prices of 40,000 yuan/mt.

Shanghai base metals were mixed on Friday morning amid tight global energy supply. Meanwhile, their counterparts on LME performed similarly.

SHFE Zinc Index rose 7.98%, with open interest increasing by 15,000 lots to 220,500 lots. Three smelters of Nyrstar in Europe will cut 50% of zinc output amid rising power costs, and the total capacity of the three smelters stood at 700,000 mt/year.

Shanghai base metals were trending mixed on Thursday morning under the impact of the higher-than-expected US September CPI. Meanwhile, their counterparts on LME performed similarly.