SMM Daily Comments (Jun 12): Metals Mostly Fell with LME Tin Plunging, SHFE Nickel Soared

Crude oil fell for three consecutive days. As of 15:21 CST today, WTI oil and Brent oil dropped 1.38% and 1.32% respectively.

The U.S. Dollar was flat as of 15:22 CST today.

As of the closing of the intraday trading, SHFE copper fell 0.07%, SHFE zinc dipped 0.68%, SHFE aluminium went down 0.87%, SHFE tin fell 0.95%; SHFE lead rose 0.73%, and SHFE nickel surged 2.22%.

Stainless steel rose 0.89%; coking coal fell 0.2%, hot-rolled coil fell 0.82%, and rebar dropped 1.06%.

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