SMM Daily Comments (Apr 20): Most Base Metals Prices Closed with Losses, SHFE Zinc Plunged, Coking Coal Prices Dived

Published: Apr 20, 2023 16:23

Source: SMM

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As of the closing of the intraday trading, most SHFE base metals prices finished with losses. SHFE aluminium prices were up more than 1%, SHFE lead and nickel were up 0.2%, SHFE zinc went down 1.41%. SHFE copper and tin prices went down about 0.4%.

SHANGHAI, Apr 20 (SMM) – As of the closing of the intraday trading, most SHFE base metals prices finished with losses. SHFE aluminium prices were up more than 1%, SHFE lead and nickel were up 0.2%, SHFE zinc went down 1.41%. SHFE copper and tin prices went down about 0.4%.

For ferrous metals, only stainless steel prices rose 0.39%. Rebar prices fell 0.66%, hot-rolled coil prices fell 1.27%, iron ore prices slumped 2.62%, coke prices plummeted 3.45%, and coking coal prices plunged 4.36%.

In terms of precious metals, Shanghai gold fell 0.14% while Shanghai silver rose 0.57%.

Recently, the performance of COMEX gold and COMEX silver has been relatively stable. As of 15:23 CST, COMEX gold rose 0.16%, and COMEX silver fell 0.24%.

LME base metals prices fell across the board. As of 15:24 CST, only LME tin rose 0.57%, LME aluminium dipped 0.18%, LME nickel prices went down 0.38%, LME copper and lead fell about 0.6%, and LME zinc fell 1.09%.

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