Today, the bulk of Asian base metal futures are on the rise. The market has benefited by the restoration of activity and manufacturing in Shanghai with the lifting of the Corona blockade.
SHFE nickel futures are up over 2%, while Chinese pure nickel spot prices are up 1.7 percent to roughly $33,150 per tonne. Stainless steel futures have gained over 1%, while aluminum futures have gained 1.7 percent. Today's highlights include coke (+3.4%) and iron ore (+3.7%). HRC futures are up 1.7 percent as well.
The materials and information on this article have been prepared or assembled by Viet Nam Steel and are intended for informational purposes only.