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SMM Midday Comments (Apr 19): SHFE Metals Gained With Nickel Surging, LME Metals Fell Across the Board

Published: Apr 19, 2023 12:07
Source: SMM
As of 11:34 CST, the dollar was at 101.77, up 0.03%.

 As of 11:34 CST, the dollar was at 101.77, up 0.03%.

WTI oil fell 0.11%, while Brent oil fell 0.14%. SHFE base metals generally rose.

SHFE nickel rose 4.36%. SHFE aluminum, SHFE zinc and SHFE lead all climbed.

Most ferrous metals prices fell.Iron ore fell 1.02%. Both rebar and hot-rolled coil saw slight declines.

LME base metals fell across the board, with tin leading the declines. COMEX gold fell 0.14%; COMEX silver rose 0.01%. Domestic precious metal futures all rose.

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.

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