SHFE Metals Prices Climb, with Tin Ballooning 5.83%_SMM

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Home / Metal News / Copper / SHFE Metals Prices Climb, with Tin Ballooning 5.83%

SHFE Metals Prices Climb, with Tin Ballooning 5.83%

Mar 24, 2023 13:55 icon

CST

Source:SMM

As of the noon close, SHFE base metals prices generally rose.

SHANGHAI, Mar 24 (SMM) - On March 24, SHFE base metals prices generally rose as of the noon close. Tin ballooned 5.83%; nickel added 2.57%; zinc gained 1.64%; copper and aluminium rose over 1%.
SHFE lead prices stood flat at 15,385 yuan/mt.

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The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Sep 13, 2022

Sep 13, 2022 15:21 timezone

CST

Data Analysis

Data: SHFE, DCE market movement (Sep 13)

Copper Prices Remained High Supported by the Tight Spot Supply in China and Overseas

On the macro front, since the US Fed Chairman Powell delivered a hawkish speech at the central bank meeting, other Fed officials conveyed their anti-inflation stance and determination.

Sep 13, 2022 13:02 timezone

CST

SMM Insight

Copper Prices Remained High Supported by the Tight Spot Supply in China and Overseas

Pure Nickel Premiums Rebounded amid Supply Tightness, and Stainless Steel Mills Ramp up Purchases of NPI

For alloy, nickel plate inventory dropped significantly last week maid improving order book, but the demand weakened again amid rising premiums. To sum up, pure nickel supply tightened to some extent recently, offering support to nickel prices in the near term.

Sep 6, 2022 10:36 timezone

CST

SMM Insight

Pure Nickel Premiums Rebounded amid Supply Tightness, and Stainless Steel Mills Ramp up Purchases of NPI

Data: SHFE, DCE market movement (Aug 18)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Aug 18, 2022

Aug 18, 2022 15:18 timezone

CST

Data Analysis

Data: SHFE, DCE market movement (Aug 18)

Data: SHFE, DCE market movement (Aug 9)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Aug 9, 2022

Aug 9, 2022 15:19 timezone

CST

Data Analysis

Copper Prices Continued to Rebound with the Support of Fundamentals

The US Fed raised the federal funds rate by 75 basis points to 2.25-2.5% in July.

Aug 8, 2022 15:20 timezone

CST

SMM Insight

Copper Prices Continued to Rebound with the Support of Fundamentals

Data: SHFE, DCE market movement (Aug 8)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Aug 8, 2022

Aug 8, 2022 15:19 timezone

CST

Data Analysis

Iron Ore Prices End Its Losing Streak with the Mixture of Steel Mill Maintenance and Production Resumption

As such, SMM believes that iron ore prices will move rangebound in the near term with the slow recovery of daily pig iron production as well as the goal of stable development on the macro front.

Aug 4, 2022 10:13 timezone

CST

SMM Comments

Iron Ore Prices End Its Losing Streak with the Mixture of Steel Mill Maintenance and Production Resumption

Data: SHFE, DCE market movement (Aug 2)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Aug 2, 2022

Aug 2, 2022 15:22 timezone

CST

Data Analysis

Stainless Steel Prices Remained Weak despite Narrow Rebound amid Oversupply of Ferrochrome and Indonesia NPI

As of July 29, the most-traded stainless steel contract fell to 15,280 yuan/mt overnight, a new low since May 21, 2021. The contract rallied in day trading, and once recorded a gain of 1.41%. The contract finally closed the day at 1.32%.

Jul 29, 2022 10:28 timezone

CST

SMM Comments

Stainless Steel Prices Remained Weak despite Narrow Rebound amid Oversupply of Ferrochrome and Indonesia NPI

2.Global Key Base Metals Face Supply Glut, Severe Oversupply for Aluminium, But There Is a Global Copper Shortage

3.Goldman Sachs Cuts Copper Price Forecast Amid Slowing Western Manufacturing, But Bank Of America Bets On Higher Copper Prices, Citing A Surge In Demand From China

4.BYD Denies Rumours after Being Reported to Chinese Authorities, Two Top China Automakers Escalate War

5.BHP Says China's Real Estate Recovery Will Boost Metals Demand

Shanghai Metals Market

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