SMM Evening Comments (June 1): Shanghai nonferrous metals cl

SMM Evening Comments (June 1): Shanghai nonferrous metals closed mostly higher, tin fell 1.26%_SMM


SHFE nonferrous metals rose for the most part on Tuesday June 1 as investors reacted to the release of a private survey on Chinese manufacturing activity in May.
SHANGHAI, Jun 1 (SMM) – SHFE nonferrous metals rose for the most part on Tuesday June 1 as investors reacted to the release of a private survey on Chinese manufacturing activity in May.
Nickel, the best performer, rose 2.07%, copper advanced 0.57%, aluminium went up 0.29% and zinc gained 0.72%, while lead fell 0.9% and tin dropped 1.26%.
A total of 84 vessels carrying 12.67 million mt of iron ore arrived at major Chinese ports during May 23-29, SMM estimates. This was up 190,000 mt from the previous week, and down 2.29 million mt from the same period last year.

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