SMM Daily Comments (Apr 28): Base Metals prices Closed Mostly with Gains with Tin Surging

Published: Apr 28, 2023 16:11

Source: SMM

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The US dollar fluctuated upwards today. As of 15:01 CST, the US dollar index rose 0.26%.

As of the closing of the intraday trading, most the SHFE base metals closed with gains.

Only SHFE aluminium and SHFE lead prices recorded declines to varying degrees. SHFE aluminium fell 0.54%, and SHFE lead dipped 0.2%. The rest of the metals all moved up.

SHFE tin rose and led gains of SHFE base metals, closing 2.04% higher.

SHFE nickel prices rose 1.3%. SHFE copper prices rose 0.96%, and SHFE zinc rose 0.24%.

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

In terms of ferrous metals, prices fell across the board except for stainless steel.

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