SMM Evening Comments

Category:-Metal | 28-Sep-2022 04:27 PM

Shanghai nonferrous metals closed mostly with losses as the US dollar index was still high amid hawkish US Fed stances that the US needs to keep interest rates higher for a while until the inflation is kept under control.

Shanghai copper declined 0.56%, aluminium slid 1.71%, lead edged down 0.03%, zinc dropped 2.92%, tin rose 0.15%, and nickel fell 1.86%.

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