Shanghai-bonded copper stocks gain 3,500 mt on week

SHFE nonferrous metals all went up today as China’s power curtailment expanded to many regions, and US expectation of interest rate hikes intensified.

Shanghai base metals advanced across the board on Monday morning as investors continued to monitor the Covid situation regionally. Meanwhile, their counterparts on the LME also rose for the most part.

SHFE nonferrous metals, except for copper and lead, all went up today, amid the shrinking increase in China’s CPI and PPI. Nickel rose 2.61% to lead the gains, aluminium increased 0.32%, zinc went up 0.58%, and tin advanced 1.38%, while copper fell 0.14% and lead shed 0.79%.

This is a roundup of China's metals weekly inventory as of July 2.

SHFE nonferrous metals rose for the most part on Friday June 25 as investors monitored the prospect of a steady economic rebound and fears of a tapering of monetary stimulus.

SHFE nonferrous metals closed mixed on Thursday June 24 as global investors digested comments from US Federal Reserve officials and looked ahead to various data releases.

SHFE nonferrous metals broadly fell on Wednesday June 16 as investors looked ahead to the US Federal Reserve's interest rate decision.

SHFE nonferrous metals broadly fell on Thursday June 10, as investors looked ahead to an upcoming release of US inflation data for May.

SHFE nonferrous metals broadly fell on Tuesday June 7.

SHFE nonferrous metals broadly fell on Friday June 4 as investors looked ahead to a key U.S. jobs report later in the session.