Metals Show Mixed Performance, SHFE Zinc Leads Gains, Silicon Metal Rises Over 1%, SHFE Gold and European Containerized Shipping Lead Losses [SMM Daily Review]

Source: SMMJune 17, 2025, 16:33

SMM News on June 17:

Metal Market:

As of the daytime close, domestic base metals showed mixed performance. SHFE zinc rose 0.48%, while SHFE copper and SHFE aluminum both increased by 0.34%. SHFE nickel led the losses with a 0.92% decline, and other metals saw slight declines. The main alumina contract rose 0.46%, and the main aluminum casting contract increased by 0.75%.

In addition, the main lithium carbonate contract rose 0.74%, the main polysilicon contract fell 0.07%, the main silicon metal contract rose 1.1%, and the main European containerized shipping contract fell 1.39%.

In the ferrous metals series, stainless steel fell 0.48%, and iron ore declined 0.07%. In the coking coal and coke sector, coking coal rose 0.7%, and coke increased by 1%.

In the overseas market, as of 15:02, overseas base metals generally declined, with only LME copper and LME aluminum rising together. LME aluminum rose 0.18%, and LME copper increased by 0.09%. LME nickel fell 0.52%, and the losses of other metals fluctuated slightly.

In precious metals, as of 15:02, COMEX gold fell 0.33%, and COMEX silver rose 0.29%. Domestically, SHFE gold fell 1.46%, recording two consecutive days of losses. SHFE silver rose 0.45%.

Market Conditions as of 15:02 Today

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Macro Front

Domestic Aspects:

[US Exhibitors at the Third China International Supply Chain Expo Increase by 15% from Previous Edition]The Third China International Supply Chain Expo will be held in Beijing from July 16 to July 20, with the theme of "Linking the World, Creating a Shared Future." This morning (June 17), the State Council Information Office held a press conference to introduce the preparations for the Third Expo. Li Xingqian, Vice Chairman of the China Council for the Promotion of International Trade, introduced that the number of US exhibitors at the Third Expo has increased by 15% from the previous edition, continuing to rank first among overseas exhibitors. Relevant leaders from institutions such as the American Chamber of Commerce in China, the US Soybean Export Council, and the US Grains Council stated that China is a very important market, and US enterprises are willing to continue investing in China, participating in China's economic growth and innovation, and progressing together with the Chinese market and development. Li Xingqian stated that the essence of China-US economic and trade relations is mutual benefit and win-win results. Promoting mutually beneficial cooperation between China and the US aligns with the common interests of the business communities of both countries. (Financial News Agency)

►The central parity rate of the RMB against the US dollar in the interbank foreign exchange market on June 17 was 7.1746 yuan per US dollar.

US Dollar Aspects:

As of 15:02, the US dollar index rose 0.04% to 98.19. The market is looking forward to a series of monetary policy decisions from multiple central banks this week, primarily focusing on the US Fed. The market widely expects that the US Fed will keep interest rates unchanged at the end of its policy meeting on Wednesday. Comments made by Fed Chairman Powell after the Fed's interest rate decision will be closely watched for more clues on the path of interest rate cuts.