13,744.64 TRY BIST 100 BIST 100
6.87 CNY CNY CNY
53.44 EUR EUR EUR
46.17 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
43.69 TRY Interest Interest
93.67 USD Fossil Oil Fossil Oil
6.21 USD Copper Copper
94.66 USD Silver Silver
101.39 USD Iron Ore Iron Ore
400.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,089.00 TRY Gold (gr) Gold (gr)
101.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

China’s non-ferrous metal prices are on the rise

On Thursday, the majority of non-ferrous metals experienced price increases, buoyed by a weaker dollar and positive sentiment in Chinese stock markets. Tin stood out as it performed exceptionally well within the sector due to supply constraints in Indonesia.

China’s non-ferrous metal prices are on the rise

Three-month copper on the London Metal Exchange (LME) CMCU3 rose 0.3% to $8,338 per metric ton by 0803GMT.

SCFcv1, the most traded copper contract in March on the Shanghai Futures Exchange (SHFE), closed 0.2% lower at 67,960 yuan ($9,444.53) per tonne.

SHFE tin SSNcv1 rose as much as 4.1% to 218,220 yuan per tonne and LME tin CMSN3 rose as much as 2% to $26,000 per tonne, reaching their highest levels in a week.

LME aluminium CMAL3 rose 0.5% to $2,234 a ton, nickel CMNI3 climbed 0.6% to $16,110, zinc CMZN3edged up 0.1% to $2,403.50, and lead CMPB3 rose 0.5% to $2,109.50.

SHFE nickel SNIcv1 was up 1.7% at 126,250 yuan per tonne, lead SPBcv1 was up 0.5% at 16,250 yuan, aluminum SAFcv1 was down 0.2% at 18,905 yuan and zinc SZNcv1 was down 0.1% at 20,515 yuan.

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