SMM Daily Comments (Jun 13): Base Metals and Ferrous Metals Mostly Rose, Coking Coal Skyrocketed, Oil Rebounded

As of 15:08 CST, WTI oil and Brent oil rose 0.55% and 0.79% respectively.

The U.S. dollar index fell 0.32% as of 15:09 today.

SHFE base metals closed mixed. SHFE nickel fell more than 1%, SHFE tin fell 0.88%, SHFE aluminum fell 0.05%; SHFE zinc rose 0.18%, SHFE copper rose 0.36%, and SHFE lead rose 0.66%.

For nonferrous metals, only stainless steel dipped 0.56%; iron ore rose 0.69%, hot-rolled coil rose 1.77%, rebar jumped 1.88%, coke rose 2.64%, and coking coal soared 4.09%.

As of 15:12, LME metals mostly gained, and only LME lead fell 0.1%; LME aluminum rose 0.31%, LME tin rose 0.51%, and LME copper, zinc, and nickel rose more than 1%.

SHFE gold and SHFE silver rose 0.35% and 0.04% respectively.

As of 15:14, COMEX gold and silver rose 0.34% and 0.79% respectively.

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