On June 20, the people's Bank of China released a questionnaire survey of urban depositors in the second quarter of 2019. Compared with the previous quarter, the proportion of residents expecting a "rise" in house prices rose to 28.2 percent in the next quarter, up from 25.8 percent in the first quarter. But 21.0% of residents plan to buy homes next quarter, down from 21.5% in the first quarter. The number of people planning to invest in stocks has increased, with the proportion of residents rising from 17.2% in the first quarter to 17.9%.
The Bank of England on Thursday left its benchmark interest rate unchanged at 0.75%, in line with expectations. The Monetary Policy Committee unanimously agreed to keep asset purchases unchanged at £435 billion and corporate bond purchases at £10 billion, all in line with expectations. The Bank of England's interest rate decision shows an increase in downside risks.
The global nickel market supply gap narrowed to 9400 tons in April, compared with a revised 14200 tons in March, the international nickel research group (INSG) said on Thursday. INSG added that in the first four months of this year, the global nickel market had a shortage of 27200 tons, compared with a shortfall of 59400 tons in the same period last year.
SMM basic Metals spot Trading Day Review on June 20
Today, non-ferrous metals rose and fell, by the end of the day, Shanghai tin fell 0.13%, Shanghai aluminum rose nearly 0.5%, Shanghai lead fell 0.92%, Shanghai copper rose slightly, Shanghai nickel rose 0.5%, Shanghai zinc fell 1%; black series rose across the board today, iron ore rose nearly 4%, hot roll rose more than 2%, thread rose 1.67%, coke increased 0.39%, coking coal rose 0.7%, crude oil futures rose nearly 2% during the day.