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Shanghai base metals mostly retreated following solid gains overnight

From news.metal.com

Shanghai nonferrous metals, except for copper and lead, traded slightly lower on Tuesday morning, as caution returned to markets following strong performance overnight amid a broad-based bullish sentiment. The six metals on the SHFE opened broadly higher in overnight trading. Nickel added 1.6% to the best performer, tin rose 1.1%, copper climbed 0.9%, zinc and aluminium crept up about 0.6%, while lead reversed earlier gains to close flat. Their counterparts on the LME climbed across the board on Monday. Nickel surged 3.3% to lead the gains across the nonferrous complex, copper jumped 2.1%, aluminium advanced 1.4%, ... (full story)

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  • Category: Fundamental Analysis