SHFE 1708 lead traded at RMB 17,690-17,800/mt after opening on Thursday and ended at RMB 17,735/mt, up RMB 75/mt or 0.71%.
price review forecast
SHFE 1708 aluminum opened at RMB 13,965/mt on Thursday.
On Thursday, SHFE 1709 tin opened at RMB 144,450/mt.
SHFE 1708 zinc opened at RMB 22,550/mt today and then hovered around RMB 22,630/mt.
SHFE 1709 nickel opened at RMB 76,210/mt today, and held strong in the morning, with the low-end of RMB 76,160/mt.
SHFE 1708 copper opened at RMB 47,060/mt and closed at RMB 47,430/mt, up RMB 610/mt.
SHFE 1708 copper registered largest growth at 1.5% after opening on Thursday.
EIA gasoline inventories for the US have been falling for two weeks on end, boosting oil prices.
LME zinc is expected to move between USD 2,720-2,770/mt today.
LME tin will challenge resistance at the 10-day and 20-day moving averages due to a weaker dollar.
National Bureau of Statistics (NBS) data showed China’s zinc output fell 9.9% on a yearly basis to 481,000 tonnes in May.
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