Data: SHFE, DCE market movement (Oct 18)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Oct 27, 2022

In conclusion, SMM believes that rising coking coal prices will underpin the coke prices, and the second round of coke price hike will be completed soon. Therefore, coke prices will move upward in October amid tight supply.

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

Last week, copper prices bore huge pressure from the macro front.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Sep 23, 2022

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

Recently, aluminium production has been seriously plagued by the extending power rationing in Sichuan province, and the demand side is also affected. The most-traded SHFE contract moved rangebound yesterday (August 23) as a whole, and closed the day up 0.78% at 18,685 yuan/mt.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Aug 19, 2022

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Jun 30, 2022

Last week, the performance of US economic data was complicated. Although the GDP in the first quarter decreased quarter-on-quarter, the rest, such as durable goods orders, consumer confidence index and manufacturing PMI in April, all performed relatively strongly, indicating that the US economy is still recovering.