Tag: China base metal market
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China: SHFE base metals stocks witness weekly gains barring aluminium
In the week ending 10 May, deliverable stocks of base metals in Shanghai Futures Exchange (SHFE)-registered warehouses experienced inflows, barring aluminium, which saw a slight drop of 4.9% w-o-w. Meanwhile, lead stocks on SHFE jumped over 25% for the week, as per the exchange’s weekly stocks report. Erratic rainfall in China’s southwest hampered efforts to…