SMM Daily Comments (Apr 27): Most Base Metals Prices Fell, Coking Coal Plunges, Gold Posts 3-Day Winning Streak

SHANGHAI, Apr 27 (SMM) – Crude oil prices snapped losses for two consecutive days and rose slightly today. As of 15:04 CST, WTI oil rose 0.32% and Brent oil climbed 0.42%.

The U.S. dollar index fell 0.05% as of 15:05 CST. As of the closing of the intraday trading, SHFE nickel rose 0.12%, SHFE zinc gained 0.14%, SHFE lead dropped 0.07%, SHFE tin fell 0.42%, SHFE copper dipped 0.8%, and SHFE aluminium fell 1.36%.

Stainless steel prices gained 1.2%, iron ore advanced 0.56%, rebar fell 0.3%, and hot coil dipped 0.64%.

In terms of precious metals, Shanghai gold rose for three consecutive days, closing up 0.37% today. Shanghai silver rose 0.7%.

As of 15:12, COMEX gold rose 0.76%, silver jumped 1.14%.

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