SMM Daily Comments (Apr 18): Most SHFE Metals Prices Gained with Tin Prices Surging Further, Coking Coal Rose Significantly

Published: Apr 18, 2023 16:22

Source: SMM

Save

The U.S. dollar weakened today. As of 15:20 CST, the U.S. dollar index fell 0.25%.

Crude oil futures rose slightly. As of 15:24, WTI oil and Brent oil advanced 0.41%.

As of the closing of the intraday trading, SHFE tin soared 7.26%, SHFE aluminum gained 1.31%, SHFE nickel rose 0.41%; SHFE lead dipped 0.07%, and SHFE copper and zinc fell about 0.4%.

Coking coal rose nearly 3%, coke jumped 2.55%, iron ore rose 2.08%; rebar rose 1% and hot-rolled coil increased over 1%, and stainless steel rose 0.06%.

Futures Market Market

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Feb 28, 2026 17:35

"China's Silver Output Rises in Feb 2025, Inventory Builds Post-Holiday"

On the production side, China's 1# silver output in February 2025 increased 0.81% MoM and 8.17% YoY.

Feb 28, 2026 17:35

Feb 28, 2026 14:39

Geopolitical Risks Provided Strong Support, Platinum Rose Over 19% This Week [SMM Weekly Review]

Feb 28, 2026 14:39

Feb 28, 2026 11:07

JP Morgan raises long-term gold price forecast to $4,500

Feb 25 (Reuters) - JP Morgan raised its long-term forecast for gold prices to $4,500 an ounce on Wednesday while keeping its 2026 year-end forecast at $6,300.

Feb 28, 2026 11:07