SMM Evening Comments (Aug 11): Shanghai Nonferrous Metals Mostly Closed with Gains as Slowing US Inflation Boosts Longs August 11, 2022
Shanghai nonferrous CPI rose 8.5% year-on-year, which is lower than expected, with a reading of 9.1% in June. Slowing US inflation has boosted the confidence of longs, hence non-ferrous metals posted ...