Metal Futures Fall across the Board, with SHFE Nickel down by Daily Limit

SHANGHAI, Sept. 22 (SMM) – Both ferrous and nonferrous metals futures fell sharply September 22.

Ferrous metals futures opened low this morning and dropped all the way. SHFE hot-rolled coil and DCE coke closed down 5%. DCE coking coal and SHFE rebar dropped over 4% and DCE iron ore declined nearly 4%.

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SHFE nonferrous metals closed lower across the board, with SHFE nickel falling by daily limit and leading price declines.

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SHFE aluminum and SHFE zinc were down 3%, SHFE lead fell over 2%, SHFE copper dropped over 1% and SHFE tin fell nearly 1%. 

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