SHFE nonferrous metals closed mixed on Wednesday, as copper, aluminium, nickel and tin reversed a pullback at the open. Nickel jumped 1.9%, tin rose 0.6% and copper gained 0.4%, while aluminim dipped 0.1%, zinc fell 0.8% and lead dropped 1.2%.

Shanghai base metals, except for tin, opened higher on Friday morning, as oil prices skyrocketed overnight on hopes that Saudi Arabia and Russia could reach a deal.

SHFE nonferrous metals, except for tin, relinquished the increase from the previous day, with lead leading the losses and ending down 1.51%

London and Shanghai base metals cruised broadly lower in early morning trade on Monday, as investors continue to assess the economic impact of the global coronavirus pandemic that continues to spread rapidly.

SHFE nonferrous metals, except for nickel, extended their rally from the previous day as investors’ sentiment was lifted after the White House and Senate struck a coronavirus stimulus bill. SHFE tin continued to lead the increase, surging 4.23%. Aluminium gained 2.59% on news that some Chinese smelters cut production due to expanded losses amid the virus outbreak. Copper advanced 3.17%, lead increased 0.93%, zinc rose 0.71%, while nickel shed 0.52%. 

Shanghai base metals were higher for the most part in early morning trade on Friday, while most of their counterparts on the London Metal Exchange were mixed. LME tin dived more than 7% to a new more than one-decade trough, while its SHFE counterpart plunged nearly 5% to its lowest in close to four years.

London base metals cruised higher across the board in early morning trade on Wednesday, rebounding from sharp losses on Tuesday. Following overnight plunges in London base metals, Shanghai base metals opened broadly lower.

LME base metals closed higher across the board overnight

LME base metals, except for zinc and nickel, cruised higher on Thursday

LME base metals, except for lead, traded higher for a second straight day on Wednesday