SMM Daily Comments (Apr 25): LME Base Metals Prices Fall across the Board, Coke Prices Plunge, Oil Posts 3-day Winning Streak

Published: Apr 25, 2023 16:30 (GMT+8)

Source: SMM

Save

As of 15:07 CST, WTI oil rose 0.04%, and Brent oil advanced 0.02%.

SHANGHAI, Apr 25 - As of 15:07 CST, WTI oil rose 0.04%, and Brent oil advanced 0.02%.

As of 15:07 CST, the U.S. dollar index rose 0.1%.

As of the closing of the intraday session, SHFE nickel rose 0.13%, SHFE lead prices fell 0.07%, SHFE tin dipped 0.34%, SHFE copper and aluminium fell about 0.5%, and SHFE zinc went down by 1.68%.

SMM Daily Comments (Apr 24): SHFE Base Metals Dropped With Nickel Tumbling, Ferrous Metals Prices Slumped

For ferrous metals prices, stainless steel rose 0.37%, coking coal fell 1.04%, rebar and hot-rolled coil dropped by about 1.6%, iron ore declined about 1.86%, and coke plummeted by 2.32%.

LME base metals prices dropped across the board.

As of 15:20, LME tin and nickel prices fell by about 1.5%, LME aluminium prices went down by 1.05%, LME lead prices fell by 0.65%, and LME copper and zinc prices dipped by more than 0.3%.

SMM Daily Comments (Apr 21): Iron Ore Plunged, Metals Prices Fell across the Board, Crude Oil Posted 3-Day Losing Streak

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

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 for 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

3 hours ago

[SMM Flash] South African Platinum-Sector Mine Fatalities Reach 18 in 2026

South Africa’s platinum sector recorded 18 mineworker fatalities by 14 September 2026, Minister of Mineral and Petroleum Resources Gwede Mantashe said at a mine safety summit on 17 September. The sector recorded 11 fatalities during the whole of 2025. These figures cover different lengths of time. Mantashe urged the industry to investigate fatalities promptly and strengthen worker protection. The increase brings mine safety into sharper focus for PGM producers and regulators, but his remarks did not announce a new rule, mine closure or change in output.

3 hours ago

Magna Reports PGM-Bearing Drill Intervals at Levack

Magna Mining reported a 2.1-metre downhole interval at its past-producing Levack mine in Ontario grading 17.5 g/t platinum, palladium and gold combined, alongside 9.5% copper and 2.6% nickel. A separate West Main interval returned 4.6 metres grading 3.5 g/t of the three precious metals combined, alongside 1.7% copper and 4.0% nickel. The results help Magna assess areas that could contribute metal following a potential restart. They do not establish separate platinum or palladium grades, additional reserves or production; a formal restart decision remains pending.

3 hours ago

[SMM Flash] Platinum and Palladium Edge Lower in 22 September Spot Snapshot

Spot platinum was down 0.6% at US$1,786.43/oz and palladium was down 0.4% at US$1,296.40/oz at 04:54 GMT on 22 September, Reuters reported. These are intraday indications, not closing prices. The modest declines matter for near-term physical valuations and hedging. The snapshot alone does not establish a change in PGM mine supply or industrial demand.

3 hours ago