Nonferrous metals differentiate today with stable tendency. SHFE Lead leading loss with nearly 3% drop.
price review forecast
It is estimated that the price of chemical grade silicon is very likely to stay at consolidation next month.
LME Inventory continued to drop over 7,000 tonnes last night. LME Copper rebounded under this influence. SHFE Copper followed with LME with less strength.
SMM Inclusive Morning Comments (2017-11-23)
Today see most nonferrous metals gaining. SHFE Zinc rises over 2%. SHFE Lead rises 1.61%. SHFE Copper rises 1.56%. SHFE Nickel rises nearly 1%.
Copper cathode spot quote in Shanghai is from RMB 160 / ton discount to RMB 110 / ton discount this morning.
LME Price Review of Nov 21
SMM Inclusive Morning Comments (2017-11-12)
LME Nickel opened at USD 11,670 / ton in Asian market last night.
Today Nonferrous metals keep differentiated with a weakened tendency. SHFE Aluminium leads loss among nonferrous metals with over 2% drop.
Nickel supply and demand is balanced this year, and the price is estimated to go up next year.
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