Tag: China SHFE base metal
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China: SHFE base metals stocks surge over 18% amid policy evaluations, weak demand
The latest weekly stock report from the Shanghai Futures Exchange (SHFE) indicated that the inventory of base metals in SHFE-registered warehouses saw a collective increases w-o-w. Among these metals, copper experienced the most significant rise in percentage terms. Despite seasonal inventory growth, market sentiment is significantly affected by continuous evaluations of stimulus initiatives and relaxed…