[SMM afternoon Review] demand-side Mengyin iron ore tumbles 6%, non-ferrous metals rise and fall differently.

Publicado: Jul 22, 2021 11:43
[midday futures] Nonferrous metals were mixed in the morning. At present, the release of the second batch of reserves and floods have a limited impact on futures prices as a whole. By midday trading, Shanghai Copper was up 0.75%, Shanghai Aluminum was up 0.21%, Shanghai Zinc was down 0.72%, Shanghai lead was up 0.95%, Shanghai Nickel was up 0.32%, Shanghai Tin was down 0.61%, and International Copper was up 0.61%. For the black system, the thread fell by 1.59%, the iron ore fell by 6.28%, and the hot coil fell by 2.62%. With the continuous fermentation of reduced production, the iron ore is expected to operate under pressure.

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[midday futures] Nonferrous metals were mixed in the morning. At prese - Shanghai Metals Market (SMM)