Tag: SHFE base metal stocks
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China: SHFE base metal inventory jumps post New-Year holidays
After the Lunar New Year holidays, the Shanghai Futures Exchange (SHFE) reported a significant increase in overall inventory, particularly zinc, which rose by 164%. Most metal prices went down, except for copper and nickel, which increased by up to 2.3%. China’s new home prices showed a slight improvement in Jan’24, with major cities experiencing some…