The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Jun 27, 2022
SHANGHAI, Jun 27 (SMM) – The aluminium ingot social inventories across China’s eight major markets totalled 746,000 mt as of June 27, down 4,000 mt from last Thursday and 176,000 mt from the end of May.
SHFE tin prices rallied strongly today after recording a slump of 9.49% last Friday June 24, and once gained 1.21%. LME tin also dropped greatly by 5.36% last Friday, and once surged 5.14% today. As of 13:53 Beijing time, SHFE and LME tin dropped 0.21% and grew 3.54% respectively.
LME cancelled warrants soared by 42,125 mt to 64,200 mt last week, with the proportion of cancelled warrants soaring to 81.09%.
As the first half of 2022 draws to a close, if we were to pick the general asset class with the most dramatic movement in the first and second quarters, the answer would probably be the industrial metals.
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