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Non-ferrous metals continue to decline
2020-9-11

Sep 11 (LTIT) – The US dollar index fluctuates, and most metals are under pressure again. In the morning, the Shanghai lead continued to drop, with a decline approaching 2%, reaching a recent low. Shanghai copper fell by around 1.5%, SHFE tin, zinc, and nickel fell by around 1%, and SHFE aluminum was the only one that rose slightly.

  

China's new solid waste law was implemented on September 1, but currently has limited impact on secondary lead. The regenerated lead maintains a discounted state, causing the slow destocking of primary lead and dragging down the future price trend.

 
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2024-4-29
Item
SHFE
Change
Cu
287498
-12547
Al
223859
-4678
Zn
127792
-3955
Item
LME
Change
Cu
117500
-1050
Al
492750
-1400
Zn
255400
+950
Ni
78594
+810
2023-5-15
1 USD=
6.7021
Inverse:
0.14921
1 EUR=
7.8800
Inverse:
0.12690
1 GBP=
8.6373
Inverse:
0.11578
1 AUD=
5.2589
Inverse:
0.19015
   
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