Uneven heat and cold of domestic commodities iron ore is red and purple-Shanghai Metals Market

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Uneven heat and cold of domestic commodities iron ore is red and purple

Translation 10:36:58AM May 28, 2019 Source:Wenhua Finance and Economics

SMM News: domestic commodity futures rose and fell differently on Tuesday, the black trend is divided, iron ore has risen for the 10th day in a row, futures prices continue to hit a five-year high, but most other varieties fell. Shanghai zinc has rebounded at a low level since the beginning of the year, causing smelters to reduce production and zinc prices have soared by nearly 2%. Oil and oil continued to rise as a whole, chemicals are still weak, EG led the decline of nearly 2 per cent. Apple continued to turn around and tumble by more than 2 per cent, while dates also fell by more than 1 per cent. Guo Shuqing, secretary of the party committee of the central bank and chairman of the CBRC, made two big voices in three days, and the topics were all related to Sino-US economic and trade frictions and China's economic resilience. He said: since the economic and trade frictions between China and the United States have occurred for more than a year, the market mentality has returned to stability and there is no longer blind panic. The impact on China's economy will be limited, and the latter will be even smaller.

Key Words:  Iron ore  futures  big business 

Uneven heat and cold of domestic commodities iron ore is red and purple

Translation 10:36:58AM May 28, 2019 Source:Wenhua Finance and Economics

SMM News: domestic commodity futures rose and fell differently on Tuesday, the black trend is divided, iron ore has risen for the 10th day in a row, futures prices continue to hit a five-year high, but most other varieties fell. Shanghai zinc has rebounded at a low level since the beginning of the year, causing smelters to reduce production and zinc prices have soared by nearly 2%. Oil and oil continued to rise as a whole, chemicals are still weak, EG led the decline of nearly 2 per cent. Apple continued to turn around and tumble by more than 2 per cent, while dates also fell by more than 1 per cent. Guo Shuqing, secretary of the party committee of the central bank and chairman of the CBRC, made two big voices in three days, and the topics were all related to Sino-US economic and trade frictions and China's economic resilience. He said: since the economic and trade frictions between China and the United States have occurred for more than a year, the market mentality has returned to stability and there is no longer blind panic. The impact on China's economy will be limited, and the latter will be even smaller.

Key Words:  Iron ore  futures  big business