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Nonferrous Metals fell more than 2%, led by Shanghai copper and Shanghai zinc, gold and silver tumbled again, oil fell more than 2%
release time:
2022-09-28 09:54
Metals markets tumbled across the board yesterday, with London copper falling to a two-month low on Thursday after expectations of an earlier rate hike by the U.S. Federal Reserve pushed the dollar higher and weakened demand for metals. Today, the LME metal market is generally red. As of 9:30 a.m., London copper and nickel rose nearly 1%, aluminum rose nearly 1.3%, lead and zinc rose nearly 0.5%, and tin fell slightly. Domestic non-ferrous metals Most of them were green, international copper fell by nearly 2.3%, Shanghai copper fell by nearly 2%, Shanghai aluminum fell by nearly 1.3%, Shanghai lead fell by nearly 1.4%, Shanghai zinc fell by nearly 3%, Shanghai nickel rose by nearly 0.1%, Shanghai tin fell by nearly 0.8%. In terms of copper, the U.S. dollar index jumped strongly, the National Development and Reform Commission continued to shout to control commodity prices, and the policy of dumping and storage was carried out in an orderly manner, and copper prices continued to be suppressed. In terms of spot, the disk continued to decline after the Dragon Boat Festival, and the activity of the spot market increased significantly. In the downstream week, the buying force maintained a positive attitude for several consecutive days, and the market trading remained active...
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