Shanghai base metals closed mixed overnight amid stronger expectations of early interest hikes. Their counterparts on LME performed similarly.
The dollar rose to a one-week high on Tuesday following a jump in benchmark U.S. Treasury yields, while the yen steadied after initially sliding as the Bank of Japan said it would stick to its ultra-loose monetary policy.
Shanghai nonferrous metals closed mixed today as the market sentiment was relatively stable recently loosening monetary policy in China and sustained downside risks faced by the domestic economy.
DEC swings down in the morning , but afternoon bounce, the main contract closed 715.
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on January 18, 2022
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