August 29, 2023

Concerns about the Federal Reserve’s intention to further raise interest rates weigh on metal performance, with Shanghai copper edging down by 0.01% overnight. Persistent macroeconomic uncertainties, but copper prices remain robust due to low inventories and strong seasonal support. Today, copper prices are expected to have limited fluctuations. All three major U.S. stock indices saw […]

Futures Market: LME Closed with Low Activity; SHFE Nickel Down 1.05% Overnight. In the domestic futures market, SHFE Nickel experienced volatile trading during the night session, with a slight setback. The main contract SHFE Nickel 2310 closed at 167,190 yuan per ton, down 1,780 yuan, or 1.05%. On August 25, LME reported nickel stockpiles of