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SHFE nonferrous metals closed higher across the board on Wednesday June 9 as China s producer inflation data for May came in higher than expected. SHANGHAI, Jun 9 (SMM) – SHFE nonferrous metals closed higher across the board on Wednesday June 9 as China s producer inflation data for May came in higher than expected. Lead was the best performer with a rise of 2.93%. Copper rose 0.17%, aluminium advanced 0.14%, nickel climbed 1.7%, tin increased 1.63% and zinc went up 0.44%. The ferrous complex also rose across the board. Iron ore increased 3.98%, rebar rose 1.31%, and hot-rolled coil climbed 2.09%. Copper: The most-traded SHFE 2107 copper contract finished the day 0.17% higher at 71,510 yuan/mt. Open interest rose 1,277 lots to 130,944 lots. ....
A draft of a joint statement for the upcoming U.S.-E.U. summit commits both sides to resolving the aircraft fight and the U.S. to dropping metals tariffs. | Economy ....
News 9Days Ago (05-18) Copper prices hit a 16-year high, aluminum prices hit a 13-year high Since May, the non-ferrous sector has collectively exploded, and aluminum prices have continued to rise. Shanghai Aluminum broke the 20,000 yuan/ton mark, and the main contract reached . News 14Days Ago (05-13) Aluminum prices continue to rise According to data from the National Bureau of Statistics, in the first quarter, the output of alumina, electrolytic aluminum, and aluminum were 19.23 million tons, 9.76 million tons, and 13.89 million tons, respectively, . Total ....
London copper prices fell on Monday, as lower-than-expected Chinese exports data sparked concerns of weakening demand for the red metal, which is often considered a bellwether of the global economy due to its wide industrial uses. ....