Crude oil prices fell today. As of 15:01 CST, WTI oil fell 1.23% and Brent oil went down 1.18%. The market is still cautious about the US debt ceiling negotiations and there is still concerns about the recovery of China's demand.
Huatai Futures believes that China's demand growth still faces many structural problems, and the room for recovery will be restrained.
As of 15:01, the U.S. dollar index dipped 0.01%. As of the closing of the intraday trading, SHFE nickel and lead rose 1.81% and 0.13% respectively; SHFE zinc fell 1.77%, reaching a new low of 20,220 yuan/mt since February 2021; SHFE aluminium fell 1.23%, and SHFE copper slid 0.49%, SHFE tin dropped 0.16%.
Coke prices slumped more than 4%, and coking coal dropped 3.85%.
As of 15:07 CST, among LME metals, only LME lead rose 0.02%; LME aluminium fell 1.07%; LME zinc and tin fell 0.77%, and LME zinc once hit a new low since October 2020 to $2,426/mt; LME copper fell 0.88%; LME nickel fell 0.52%.
In terms of precious metals, SHFE gold rose 0.5%, and SHFE silver advanced 0.87%. As of 15:08, COMEX gold and silver fell 0.17% and 0.69% respectively.
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