September 13, as of the day close of the day, the domestic metal collectively showed a rising trend, Shanghai zinc is to 2.72% of the increase in the lead,
showing a positive rebound in market demand and investor confidence in the metal market.
In terms of specific data, the main Shanghai copper contract rose 0.74 per cent to close at 73,960 yuan, not as much as Shanghai zinc, but also showing a
solid upward trend. This performance may have benefited from the expected recovery of the global economy as well as the increase in industrial demand,
especially with the gradual rebound of the global economy and the strengthening of manufacturing activities, the demand for industrial metals such as
copper is also on the rise.
The main contract of Shanghai aluminium is also not willing to show weakness, rose 0.82% to 19,745 yuan. The rise in aluminium prices is inextricably linked
to the rapid development of new energy vehicles, construction and other industries. As the new energy vehicle market continues to expand, the demand
for aluminium and other lightweight and high strength materials is also increasing. At the same time, the rebound of the construction industry has also
brought new growth points for the aluminium market.
Nothing was more eye-catching on the day than the strong performance of Shanghai zinc. The main Shanghai zinc contract rose 2.72 per cent to close
at 23,830 yuan, leading the entire metal market. The strong rise in zinc prices could be related to the rebound in infrastructure construction and the property
market in the context of the global economic recovery. These sectors have a high demand for zinc, and with projects starting up and the market gradually
picking up, zinc prices have seen an opportunity to rise.
In addition, Shanghai lead, Shanghai nickel and Shanghai tin and other metal varieties also rose to varying degrees. The Shanghai lead main contract rose 0.39 per
cent to close at RMB 16,715; the Shanghai nickel main contract rose 0.49 per cent to close at RMB 124,110; and the Shanghai tin main contract rose 1.42 per
cent to close at RMB 257,470. The rise in the prices of these metals reflected the overall rebound in market demand and investors' positive expectations for
the metals market.
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