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.
The average operating rate of galvanising plants dropped to 53.6% WoW last week.
LME cancelled warrants soared by 42,125 mt to 64,200 mt last week, with the proportion of cancelled warrants soaring to 81.09%.
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