SHFE Base Metals Gain Ground Except for Aluminum, with Copper and Lead Surging

SHANGHAI, Sept. 29 (SMM) – SHFE base metals closed with gains on September 29, with the exception of SHFE aluminum which finished slightly lower.

Spot Copper Prices in Shanghai Market on September 29

SHFE copper and SHFE lead surged nearly 3% to lead price gains of base metals.

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Ferrous metals were mixed. SHFE rebar and DCE coke rose over 1%, and SHFE hot-rolled coil gained over 2%. DCE iron ore and coking coal increased about 1%. 

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