SMM copper social inventory across China's major markets as of Oct 21
The table below shows SMM copper social inventory across China's major markets as of Oct 21:
Overnight, LME lead opened at $2,054/mt. During the day, with the backdrop of lead ingot inventory reduction, LME lead fluctuated upward.
Spot Market Supply Tight, Alumina Prices Remain High [SMM Aluminum Morning Meeting Summary Oct 23]
Overnight, the most-traded SHFE aluminum 2412 contract opened at 20,930 yuan/mt, reaching a high of 21,010 yuan/mt and a low of 20,875 yuan/mt, and closed at 20,915 yuan/mt, up 170 yuan/mt or 0.82% from the previous close.
SMM Morning Comment For SHFE Base Metals (Oct 23)
LME copper opened at $9,630/mt overnight, fluctuated widely at the beginning and reached a high of $9,646.5/mt. It then fluctuated downward, hitting a low of $9,578.5/mt at the end of the session, before slightly rebounding to close at $9,619/mt, up 0.6%.
SMM, October 23: Yesterday, the most-traded SHFE tin contract closed at 253,530 yuan/mt, down 680 yuan/mt, a decrease of 0.27%, with the highest at 254,180 yuan/mt and the lowest at 251,720 yuan/mt.