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Non-ferrous metals continue to decline
2020-9-11

Sep 11 (LTIT) – The US dollar index fluctuates, and most metals are under pressure again. In the morning, the Shanghai lead continued to drop, with a decline approaching 2%, reaching a recent low. Shanghai copper fell by around 1.5%, SHFE tin, zinc, and nickel fell by around 1%, and SHFE aluminum was the only one that rose slightly.

　　

China's new solid waste law was implemented on September 1, but currently has limited impact on secondary lead. The regenerated lead maintains a discounted state, causing the slow destocking of primary lead and dragging down the future price trend.

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