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SMM Daily Comments (Jun 8): Base Metals Closed Mixed with SHFE Tin Plunging, Iron Ore Soared, Oil Rebounded
Jun 08, 2023 16:24
As of 15:04 CST, WTI oil and Brent oil rose 0.11% and 0.05% respectively, while the U.S. dollar index fell 0.11%.
Latest SMM Steel & Iron Ore Markets
RMB Assets Are More Competitive In The Medium And Long Run Amid Cyclical Global Financial Downturn, Director Of China’s State Administration Of Foreign Exchange Says
Pan Gongsheng, director of the State Administration of Foreign Exchange, said that during the downturn of the global financial cycle, the medium and long-term allocation value of RMB assets is more prominent.
Jun 8, 2023 18:10
CST
China’s Steel Exports Jumped In May, In Contrast To Falling Exports Of Unwrought Aluminium &Aluminium Semis And Rare Earth
China exported 475,367.8 mt of unwrought aluminium and aluminium semis in May, down 29.7% YoY. Export totalled 2,315,001 mt from January to May, a year-on-year drop of 20.2%.
Jun 8, 2023 16:52
CST
Five Major Chinese State-Owned Banks Adjusted Deposit Interest Rate And Lower The Three-Year Deposit Interest Rate By 15 Basis Points
Today, the five major state-owned banks in China, including Industrial and Commercial Bank of China, Agricultural Bank of China, Construction Bank, Bank of China and Bank of Communications, lowered their deposit interest rates further.
Jun 8, 2023 15:52
CST
Wanda Group Responds To "1.9 Billion Equity Being Frozen”
Wanda Group issued a statement on the report of "Dalian Wanda Commercial Management's 1.9 billion equity being frozen", saying that Wanda Real Estate Group and a company have cooperated in a large-scale project in Changchun. So far, there are still financial disputes of more than 1 billion yuan between the two companies.
Jun 8, 2023 15:50
CST
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Related Price
Lithium Carbonate (99.2% Industrial Grade), RMB/mt
Jun.08
300500
(
+500
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+0.17%
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Lithium Carbonate (99.5% Battery Grade), RMB/mt
Jun.08
311500
(
+1,500
|
+0.48%
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SMM 1# Copper Cathode, RMB/mt
Jun.08
67225
(
-100
|
-0.15%
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SMM A00 Aluminum Ingot, RMB/mt
Jun.08
18520
(
+140
|
+0.76%
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SMM #1 Lead, RMB/mt
Jun.08
15000
(
+25
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+0.17%
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SMM has more than 50 professional industry analysts in copper, aluminum, lead, zinc, nickel, tin and minor metals, and are committed to providing in-depth, professional, as well as timely reports and research.
Besides, over 80 steel professionals engaged in SMM steel industry. They have been working on the weekly report SMM Steel Briefing, the monthly report SMM Steel PMI-Monthly, a survey of steel downstream.
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