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Shanghai base metals fell broadly on Wednesday May 19. Copper declined 2.01%, aluminium plunged 2.28%, zinc fell 1.04%, nickel and tin edged down 0.05%, while lead gained 1.63%.
SHANGHAI, May 19 (SMM) – Shanghai base metals fell broadly on Wednesday May 19. Copper declined 2.01%, aluminium plunged 2.28%, zinc fell 1.04%, nickel and tin edged down 0.05%, while lead gained 1.63%.
Copper: The most-traded SHFE 2106 copper contract finished the day 2.01% lower at 74,090 yuan/mt, with open interest losing 11,121 lots to 108,000 lots.
The National Development and Reform Commission responded to the recent sharp increase in commodity prices, stating that commodity prices will gradually return to the fundamentals of supply and demand. At present, the National Development and Reform Commission and the State Administration of Market Supervision are jointly investigating industry market conditions, and will take targeted measures to strengthen the supervision of the futures market and effect