Home / Metal News / SMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke Surged

SMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke Surged

iconJun 2, 2023 18:14
Source:SMM
Crude oil has risen for two consecutive days. As of 15:05 CST today, WTI oil and Brent oil rose 1.13% and 1.18% respectively.

Crude oil has risen for two consecutive days. As of 15:05 CST today, WTI oil and Brent oil rose 1.13% and 1.18% respectively.

The US dollar has fallen for two consecutive days after reaching a new high of 104.70 on May 31 since March 16, 2023.

As of 15:07 today, the US dollar index fell 0.11%.

As of the closing of the intraday trading, SHFE lead fell 0.53%; SHFE nickel jumped 4.04%, SHFE tin rose 1.78%, SHFE aluminum rose 1.71%, SHFE copper gained 1.5%, and SHFE zinc climbed 1.1%.

Ferrous metals all closed higher. Coke jumped 3.78%, coking coal rose 3.24%, iron ore rose 2.9%, hot-rolled coil rose 2.68%, rebar jumped 2.54%, and stainless steel rose 2.02%.

As of 15:11, LME metals rose across the board, LME tin rose 1.9%, LME zinc rose 1.87%, LME nickel rose 1.14%, LME aluminum rose 0.77%, LME lead rose 0.68%, and LME copper rose 0.66%.

In terms of precious metals, SHFE gold and silver rose 0.04% and 1.65% respectively.

As of 15:13, COMEX gold fell 0.04%, and COMEX silver rose 0.03%.

More popular news:

Commerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024

SMM Daily Comments (Jun 1): Base Metals Mostly Rose with SHFE Aluminium Surging, Ferrous Metals Rose across the board, Iron Ore Skyrocketed

Glencore to Massively Expand Copper Capacity

SMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV Development

Futures market
Market review

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All