Crude oil fell for two consecutive days. As of 15:06 CST today, WTI oil and Brent oil fell 0.49% and 0.47% respectively.
Saudi Arabia will lose a lot of market share. However, as OPEC's second largest oil producer, the United Arab Emirates insisted on increasing production, while Russia continued to dump low-priced crude oil to the market.
The U.S. dollar has risen for two consecutive days. As of 15:07 today, the U.S. dollar index rose 0.07%.
As of the closing of the intraday trading, the basic metals in the internal market generally rose, SHFE zinc rose 1.24%, SHFE lead rose 0.7%, SHFE nickel rose 0.13%, SHFE copper rose 0.06%; SHFE tin fell 0.11%, and SHFE aluminum fell 0.03%.
Ferrous metals prices generally fell, stainless steel and iron ore rose 0.23% and 0.06% respectively; hot-rolled coil fell 1.59%, rebar dipped 0.93%, coking coal fell 0.59%, and coke fell 0.42%.
As of 15:11, LME metals were mixed. LME nickel prices fell 0.1%, LME tin dropped fell 0.33%, LME copper fell 0.44%; LME lead rose 0.22%, LME aluminum rose 0.32%, and LME zinc climbed 0.58%.
In terms of precious metals, SHFE gold and SHFE silver rose 0.36% and 0.04% respectively. As of 15:14, COMEX gold and COMEX silver fell 0.42% and 0.53% respectively.
More popular news:
SMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke Surged
Glencore to Aggressively Expand Copper Capacity
Commerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024
Rumours Say Glencore Will Raise Takeover Bid for Teck Resources, but Another Big Obstacle Lies Ahead
Commodity Price Bubble Finally Burst, but Metals Demand Will Surge
