TREE NEWS reports: International copper rose 0.82% in the night session, with Shanghai copper up 0.73%, Shanghai zinc up 0.9%, Shanghai nickel up 1.23% and Shanghai tin up 1.2%. Shanghai lead was the outlier, falling 0.99%, while alumina gained 0.61% and aluminum alloy added 0.57%. Stainless steel led the complex with a 2.78% gain.
Shanghai base metals close mixed; stainless steel jumps 2.78% in night session
AI take
Stainless steel's 2.78% night-session jump stands out against a broadly firmer base-metals complex, with nickel's 1.23% gain alongside it hinting at a feedstock-linked move rather than a demand story. Lead's 0.99% decline is the lone soft spot, suggesting the rally is selective rather than a uniform risk-on shift. For RWA and commodity-linked token holders, the read-through is about dispersion within the complex, not direction. Whether stainless steel's premium holds once the night session's liquidity thins is the open question.
Generated by AI for reference only.
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