SMM Evening Comments (Jun 3): Shanghai nonferrous metals declined for the most part, nickel advanced 0.07%_SMM

SHFE nonferrous metals broadly fell on Thursday June 3 as investors reacted to data releases in China.
SHANGHAI, Jun 3 (SMM) – SHFE nonferrous metals broadly fell on Thursday June 3 as investors reacted to data releases in China.
Shanghai nonferrous metals, except for nickel, traded lower on Thursday June 3. Aluminium shed 1.37% to lead the losses, copper decreased 1.28%, lead declined 0.71%, zinc went down 0.61% and tin fell 0.75%, while nickel advanced 0.07%.
The ferrous complex also rose across the board. Iron ore increased 1.88%, rebar rose 1.72%, and hot-rolled coil climbed 2.06%.
Copper: The most-traded SHFE 2107 copper contract finished the day 1.28% lower at 73,020 yuan/mt. Open interest fell 4,259 lots to 138,000 lots.

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