Metals generally declined, with SHFE tin and coking coal rising by over 1%, alumina falling by 2.9%, and the ferrous metals series showing mixed performance [SMM Daily Review]

SMM News on June 5: Metal Market: As of the daytime close, domestic base metals generally declined, with only SHFE lead and SHFE tin rising together. SHFE lead increased by 0.36%, and SHFE tin rose by 1.47%. The rest of the metals fell, with the main alumina contract dropping by 2.9%. In addition, the main lithium carbonate contract fell by 0.43%, the main silicon metal contract declined by 0.56%, and the main polysilicon contract decreased by 0.27%. The main European container shipping contract fell by 0.11%. The ferrous metals series showed mixed performance, with stainless steel rising by 0.2%, iron ore falling by 0.14%, rebar increasing by 0.14%, and HRC declining by 0.19%. In the coking coal and coke sector, coking coal rose by 1.68%, and coke increased by 0.56%. In the overseas market, as of 15:03, overseas base metals generally declined, with only LME copper and LME nickel rising together. LME copper increased by 0.29%, and LME nickel rose by 0.1%. LME lead led the decline with a 0.5% drop. The fluctuations in the decline of the remaining metals were relatively small. In the precious metals sector, as of 15:03, COMEX gold fell by 0.26%, and COMEX silver rose by 0.03%. Domestically, SHFE gold increased by 0.23%, and SHFE silver fell by 0.01%.
[Reprinted with source retained - SMM] Base metals generally declined, with SHFE tin and coking coal rising over 1%, alumina falling by 2.9%, and ferrous metals series showing mixed performance [SMM Daily Review] https://news.smm.cn/news/103361425