Global Bazaar

Category:-Steel | 29-May-2023 04:20 PM

Crude oil rose slightly today. As of 15:19 CST, WTI oil and Brent oil rose 0.85% and 0.73% respectively. The U.S. dollar snapped its five-day winning streak and dipped 0.1% as of 15:19 today.

As of the closing of the intraday trading, SHFE base metals mostly rose. Only SHFE lead fell 0.07%; SHFE tin jumped 4.18%, SHFE zinc gained 2.37%, SHFE copper rose 2.05%, SHFE aluminium rose 0.92%, and SHFE nickel advanced 0.56%.

Ferrous metals prices closed up across the board, with iron ore up 4.89%, rebar up 1.86%, hot-rolled coil up 1.54%, coking coal up 0.97%, stainless steel up 0.54%, and coke up 0.28%.

LME market was closed today due to the UK spring bank holiday.

 In terms of precious metals, SHFE gold fell 0.04%, and SHFE silver rose 1.73%. As of 15:36, COMEX gold and silver rose 0.09% and 0.51% respectively.

Today, the market is awaiting the issue of the economic outlook report released by the OECD.


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