SHFE tin rose as much as 5.1% to 230,270 yuan a tonne, its highest since June 21, 2022.
LME tin dipped 0.5% after hitting its highest in nearly seven months in the previous session at $29,400 a tonne.
The Yangshan copper premium
LONDON, Feb 24 (Reuters) – Copper prices fell to their lowest in nearly seven weeks on Friday as the dollar strengthened and demand in top consumer China remained weak.
Capping the upside of copper were signs of less physical tightness, including a fall on Monday of the Yangshan copper premium
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This is similar in trying to capture the market of each country in one shot that is quite difficult.
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“That improvement has probably already been priced in by the 6%-10% rise in domestic copper prices since the reopening rally started in early November,” she said in a note.
BEIJING, Dec 26 (Reuters) – Copper prices in Shanghai rose on Monday as the U.S.
dollar weakened and inventories fell, although a hazy near-term demand outlook capped the gains.
Yangshan copper premium
A sign of demand picking up in top consumer China also supported prices, with Yangshan copper premium
The dollar slid against most currencies on Friday after data signalled that the U.S.
economy is cooling a bit, reinforcing expectations of smaller interest rate increases from the Federal Reserve and improving investors’ risk appetite.
China’s pledges of more policy support for the economy, after it reopened borders and removed COVID-19 restrictions, have fuelled optimism over improving metals demand from the world’s top consuming market.
So why not make the most of the content you have? Syndicate your social media content: Creating content takes time. Post your content on all popular social media sites and don’t hesitate to reuse them Turn a blog post into a link and put it on Facebook.
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