Price of 201 Cold rolled stainless Steel in Wuxi area on April 22, 2020_SMM

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Home / Metal News / Nickel / Price of 201 Cold rolled stainless Steel in Wuxi area on April 22, 2020

Price of 201 Cold rolled stainless Steel in Wuxi area on April 22, 2020

Apr 22,2020 11:42

CST

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Source:SMM

The content below was translated by Tencent automatically for reference.

SMM4, 22nd:

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SHFE base metals closed mixed on Wednesday, as the historic oil price plunge continued.

Apr 22, 2020 18:34 timezone

CST

price review & forecast

SMM Evening Comments (Apr 22): Shanghai base metals closed mixed as meltdown in oil continued

Spot nickel trades picked up as SHFE nickel fell below 100,000 yuan/mt

Spot nickel trades in east China’s Shanghai were brisk on Wednesday morning, as Shanghai nickel futures suffered a second straight day of steep losses amid a relentless plunge in oil prices.

Apr 22, 2020 13:58 timezone

CST

price review & forecast

Spot nickel trades picked up as SHFE nickel fell below 100,000 yuan/mt

SMM Evening Comments (Apr 17): Shanghai base metals rose broadly despite dismal China data

SHFE nonferrous metals closed higher across the board on Friday, as fresh optimism over the coronavirus pandemic helped investors shrug off dismal economic data. Aluminium extended its rally, advancing 3.2% on the day to the biggest gainer, and registered its best week since August 2017. Nickel surged 2.7%, tin jumped 2.1%, copper climbed 1.9%, zinc rose 1.3%, and lead increased 0.5%.

Apr 17, 2020 18:36 timezone

CST

price review & forecast

SMM Evening Comments (Apr 17): Shanghai base metals rose broadly despite dismal China data

SMM Morning Comments (Apr 16): Shanghai base metals opened mostly lower after weak US data

SHFE nonferrous metals fell for the most part on Thursday morning, giving up gains from early this week, as record drops in the US retail sales and industrial production intensified investors fears about the damage caused by the coronavirus lockdowns.

Apr 16, 2020 09:45 timezone

CST

price review & forecast

SMM Morning Comments (Apr 16): Shanghai base metals opened mostly lower after weak US data

SMM Evening Comments (Apr 13): Shanghai base metals closed mostly higher as investors monitored coronavirus, oil production cuts

Copper added 1.5% on the day to lead the gains, tin rose 1.2%, zinc and lead climbed more than 0.9%, while aluminium dipped less than 0.1% and nickel fell 0.7%.

Apr 13, 2020 18:21 timezone

CST

price review & forecast

SMM Evening Comments (Apr 13): Shanghai base metals closed mostly higher as investors monitored coronavirus, oil production cuts

SMM Morning Comments (Apr 10): Shanghai base metals moved higher after OPEC+ agreed to historic production cut; Tin jumped more than 3%

SHFE base metals drifted mostly higher in early morning trade on Friday, after OPEC and its allies, known as OPEC+, on Thursday agreed to historic production cuts that will take 10 million barrels per day offline. Tin jumped more than 3% at one point, tracking Thursday’s substantial gains in its LME counterpart.

Apr 10, 2020 10:09 timezone

CST

price review & forecast

SMM Morning Comments (Apr 10): Shanghai base metals moved higher after OPEC+ agreed to historic production cut; Tin jumped more than 3%

SMM Evening Comments (Apr 9): Shanghai base metals closed mostly higher amid optimism OPEC+ meeting will result in output cut

SHFE nonferrous metals closed mostly higher on Thursday, as investors were eyeing an OPEC+ meeting at which a massive oil production cut is expected to be agreed. Tin jumped 1.5% on the day to lead the gains, nickel rose 0.9%, aluminium advanced 0.7% and copper gained 0.4%, while lead fell 0.5% and zinc declined 0.8%.

Apr 9, 2020 17:58 timezone

CST

price review & forecast

SMM Evening Comments (Apr 9): Shanghai base metals closed mostly higher amid optimism OPEC+ meeting will result in output cut

COVID-19 global disruption: Production update on overseas mining companies

The global widespread of COVID-19 has forced many countries to enforce stringent containment measures which result in a heavy impact on global economic activity. Over the past few months, we saw serious disruption of manpower, transportation and production in China. We are now seeing these scenarios happening around the world.

Apr 9, 2020 14:44 timezone

CST

smm insight

COVID-19 global disruption: Production update on overseas mining companies

SMM Evening Comments (Apr 7): Shanghai base metals rose broadly on Beijing’s latest stimulus efforts

SHFE nonferrous metals closed higher across the board on Tuesday, as investor sentiment was bolstered by Beijing’s latest economic stimulus efforts and hopes that the spread of the global coronavirus pandemic may be slowing. A moderate rebound in oil prices and concerns about ore supply also helped bolster prices of some metals. Zinc remained the best performer with a one-day gain of 2.9%. Copper jumped 2.2%, tin advanced 1.4%, nickel and lead rose 0.9%, and aluminium climbed 0.8%.

Apr 7, 2020 18:01 timezone

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price review & forecast

SMM Evening Comments (Apr 7): Shanghai base metals rose broadly on Beijing’s latest stimulus efforts

SMM Morning Comments (Apr 7): Base metals higher on China’s stimulus measures, hopes pandemic spread is slowing

Shanghai base metals cruised higher across the board in early morning trade on Tuesday, after returning from the holiday-extended weekend, as investor sentiment was improved by China’s RRR and IOER cuts and an overnight surge on Wall Street. Their counterparts in London also traded broadly higher.

Apr 7, 2020 09:51 timezone

CST

price review & forecast

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