• 15/08/2022 12:11 am

#SMM #Morning Comments (Aug 28): #Shanghai base metals set for mixed start as Fed announced new approach to inflation

SHANGHAI, Aug 28 (SMM) — Shanghai base metals set for a mixed start as of 10:15 Beijing time on Friday morning as investors react to developments from the US Federal Reserve, while their counterparts on the LME were mostly higher.

 

On the LME, nonferrous metals rose for the most part on Thursday. Copper added 0.35%, aluminuim advanced 0.11%, zinc rose 0.97%, lead inched up 0.1% and tin increased 1.2%, while nickel underperformed with a 0.46% loss.

 

The SHFE complex closed mixed in overnight trading. Copper strengthened 0.49%, zinc added 0.63% and tin edged 0.53% higher, while aluminium fell 0.34%, lead slipped 0.76% and nickel shed 0.44%.

 

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