Chinese commodity futures saw a rise on Tuesday morning with Shanghai silver hitting its highest level since August 2020. Iron ore, gold, silver, tin, copper, zinc, nickel, and aluminum all experienced gains. The most-active Dalian Iron Ore futures returned to the 800 yuan mark. Shanghai silver futures also surged, with significant notional trading volume. Iron ore futures in China reached their highest level since early March due to expectations of policy support and steelmakers' restocking. Base metal prices on the Shanghai Futures Exchange increased driven by macroeconomic factors. On Wednesday, metals in China opened higher, with tin, zinc, nickel, aluminum, copper, gold, silver, iron ore, and steel rebars all showing gains. However, INE crude oil was down 1%. The Shanghai Futures Exchange imposed transaction limits on gold and copper futures to manage recent trading price risks, setting daily opening position limits for both metals.
Gold Copper limits on Shanghai Futures Exchange https://t.co/gNFV1dV3DT
As prices shoot up, #ShanghaiFuturesExchange slaps limits on both gold and copper as contracts hit new highs https://t.co/fs9MxKtWvb https://t.co/yjePHSZ6qB
Shanghai Futures Exchange base metal prices sail higher amid macro-tailwinds https://t.co/mE98vfTekM
Global News | Shanghai bourse imposes trade limits in gold, crude oil futures from April 12: Agencies https://t.co/YmB3ctKJOy
BREAKING: The Shanghai Futures Exchange has imposed transaction limits on #gold and #copper futures to control recent trading price risks. The daily opening position limit has been set at 2,800 lots for gold and 2,000 lots for copper. #China Narrator: time to manage #fomo uh? ๐ https://t.co/5gQ9O128P0
#BREAKING The Shanghai Futures Exchange has imposed transaction limits on #gold and #copper futures to control recent trading price risks. The daily opening position limit has been set at 2,800 lots for gold and 2,000 lots for copper. #China https://t.co/kaoxuEeKxO
#BREAKING The Shanghai Futures Exchange has imposed transaction limits on #gold and #copper futures to control recent trading price risks. The daily opening position limit has been set at 2,800 contracts for gold and 2,000 contracts for copper. #China https://t.co/kaoxuEeKxO
โกMetals open up in #China on Wednesday morning. #Tin +3.5%, #zinc +2%, #nickel +1.6%, #aluminum +0.4%, #copper +0.1%. Shanghai #Gold +0.3%, and #silver up 0.6%. #IronOre rises 1.75%, erasing one month loss. #Steel rebars up 0.45%. INE crude oil is down 1%. #OOTT https://t.co/ihndCYCPwT
SHANGHAI'S MOST ACTIVE TIN CONTRACT RISES 3.3%
Shanghai Futures Exchange base metal prices mostly rise on macroeconomic tailwinds https://t.co/nSuKolqiXN
#China's #IronOre futures hit highest since early Mar on expectation of policy support, steelmakers' restocking https://t.co/qYPJOHSBKL
Shanghai Silver futures are up 2.70% with over $2 billion notional traded so far
โกThe most-active Dalian #IronOre futures jumped by 3.9%, returning to the 800 yuan mark. #China https://t.co/6Row4Hyaie https://t.co/tL3Hy21EvC
Shanghai #sliver rises another 3% on Tuesday morning, to the highest since August 2020. #China #gold https://t.co/GJTRIq4r3W https://t.co/rOfEP2NcyQ
โกChinese commodity futures open higher on Tuesday morning. #IronOre rebounded by 2.8%. #Gold +0.76%, #silver +2%. #Tin +2.45%, #copper +1.43%, #zinc +1%, #nickel +0.9%, #aluminum +0.45%. INE crude oil +1.87%, the highest since November. #China #commodity https://t.co/txykQZSqN6