With the improvement of the pandemic, the enterprises resume work in an orderly manner. And driven by such positive market sentiment, the metals market warmed up. But SHFE tin contract has been sluggish recently with expanding losses this week.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Jun 7, 2022

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on May 25, 2022

Citi expects LME copper futures to fall to $8,500/mt.

SHANGHAI, May 23 (SMM) - Macro front: On May 18, US Fed Chairman Powell said he would stand for raising interest rates to the highest level needed to curb inflation.

SHFE aluminium prices remain rangebound. In the early trading today, SHFE aluminium rose and ended the two-day continuous decline, closing up by 0.76% to 26,560 yuan/mt.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on May 10, 2022

SHFE 2206 nickel contract hovered around 199,000 yuan/mt in early trading.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on April 21, 2022

SHANGHAI Apr 19 (SMM) - In the spot market, Jinchuan nickel were quoted at 247,000- 249,500 yuan/mt, with an average price of 248,250 yuan/mt, up 9,750 yuan/mt from a day ago. NORNICKEL nickel was offered at 246,200- 248,200 yuan/mt, and the price was 12,300 yuan/mt higher than the previous day. Nickel briquette was quoted at 237,000- 239,500 yuan/mt, with an average price of 238,250 yuan/mt, down 250 yuan/mt from yesterday. At present, domestic nickel was in shortage.