SMM Daily Comments (May 5): SHFE Base Metals Prices Closed Mostly With Gains, Ferrous Metals Soared, Oil Posted 3-Day Winning Streak

게시됨: May 8, 2023 17:03
Crude oil futures rose today. WTI oil has risen for two consecutive days, and Brent oil has risen for three consecutive times.

Crude oil futures rose today. WTI oil has risen for two consecutive days, and Brent oil has risen for three consecutive days.

As of 15:14, WTI oil and Brent oil have risen by about 1%.

The U.S. dollar fluctuated and weakened today. As of 15:16, the U.S. dollar index dipped 0.2%, falling for two consecutive days.

As of the closing of the intraday trading, SHFE lead fell 0.26%, SHFE zinc rose 1.84%, SHFE tin rose 1.43%, SHFE copper gained 1.32%, SHFE nickel advanced 1.02%, and SHFE aluminium rose 0.82%.

On ferrous metals, coking coal surged 6.76%, coke jumped 6.32%, and hot-rolled coils and iron ore rose more than 5%.

The LME market is closed today and trading will resume on May 9 (Tuesday).

In terms of precious metals, SHFE gold fell 1.18%; SHFE silver fell 0.76%.

As of 15:22, COMEX gold rose 0.2%; COMEX silver was flat.

More popular news:

'Bond King' Jeffrey Gundlach Says Sharp Fed Rate Cuts By Year-End Will Push Up Gold Prices

Sharp Output Cuts Led to Lithium Ore Shortages, High Import Prices Drove Lithium Salt Producers to Shut Down

Rio Tinto Warns of Risks for Paying High Premiums for Lithium Mines after Plunging Lithium Prices Triggered Acquisition Rush

SMM Daily Comments (May 5): LME Base Metals Rose across the Board, SHFE Nickel Plunged

SMM Daily Comments (May 4): Coking Coal and Oil Prices Plunge, SHFE Nickel Soar, Gold Hit Record High

China's Manufacturing Industry will Not be Replaced by Any Other Countries Including India

US Treasury Bill Rates Soar to Record High on Debt Ceiling Jitters

Russia is Accelerating Technology to Become Top Liquefied Natural Gas Supplier by Tripling Exports By 2030

데이터 출처 설명: 공개 정보를 제외한 모든 데이터는 SMM이 공개 정보, 시장 커뮤니케이션 및 SMM 내부 데이터베이스 모델을 기반으로 가공한 것입니다. 본 자료는 참고용이며 의사결정 권고를 구성하지 않습니다.

문의 사항이 있거나 자세한 정보를 원하시면 아래로 연락해 주시기 바랍니다: lemonzhao@smm.cn
리서치 보고서 열람 방법에 대한 자세한 내용은 아래로 문의하시기 바랍니다:service.en@smm.cn
SMM Daily Comments (May 5): SHFE Base Metals Prices Closed Mostly With Gains, Ferrous Metals Soared, Oil Posted 3-Day Winning Streak - Shanghai Metals Market (SMM)