SMM Daily Comments (Apr 17): Base Metals Closed Higher, SHFE Tin Skyrocketed by Daily Limit, Precious Metals Fell

Published: Apr 17, 2023 16:52

Source: SMM

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Today, the US dollar fluctuated slightly and fell back. As of 15:37 CST, the US dollar index fell slightly by 0.05%.

SHANGHAI, Apr 17 - Today, the US dollar fluctuated slightly and fell back. As of 15:37 CST, the US dollar index fell slightly by 0.05%.

Crude oil futures rose slightly. As of 15:05, WTI oil advanced 0.05%, and Brent oil rose 0.07%.

As of the closing of the intraday trading, SHFE tin soared by the daily limit, SHFE nickel jumped 2.84%, SHFE lead gained 0.72%, SHFE aluminium and zinc rose about 0.5%, and SHFE copper rose 0.16%. Iron ore fell 0.06%, stainless steel rose nearly 2%, coking coal rose 0.74%, rebar and hot-rolled coil climbed about 0.4%, and coke increased 0.19%.

In terms of precious metals, Shanghai gold fell 1.3%; Shanghai silver slumped 1.27%.

As of 15:21, COMEX gold and silver rose about 0.6%.

Futures Market

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