How to estimate the future trend of nickel prices? [SMM analysis]
Nickel prices have remained strong recently, rising to a high of 148,270 yuan/mt and then falling back, but still above 140,000 yuan/mt.
Barge owners press authorities to restart bauxite cargo handling at Mormugao Port, Goa
The owners of barges at Goa's Mormugao Port call on the authorities to reopen the port and resume handling the bauxite cargo.
SMM Morning Comment For SHFE Base Metals On Apr 29
LME copper prices opened at $9990.5/mt and closed at $9960/mt in last Friday evening trading, a gain of 0.61%, with the low-end of $9896.5/mt and the high-end of $10012/mt.
SMM Zinc Morning Comment: LME zinc prices moved at highs
LME zinc opened at $2848/mt last Friday, touching a high and a low of $2905/mt and $2812/mt respectively. LME zinc rallied and closed up $4/mt or 0.14% at $2853.5/mt. The trading volume grew to 11372 lots, and open interest grew 553 lots to 244,000 lots.
LME lead surged before falling [SMM lead morning comment]
Last Friday, LME lead opened at US$2,212.5/ton. With the weakening of the US dollar and the tight supply of ore, LME lead rose, reaching a high of US$2,245/ton, setting a new high in five months.