SMM Daily Comments (Jul 5): Base and Ferrous Metals Prices Mostly Fell, WTI Soared despite Lingering Concerns over Global Economic Downturn

juil. 07, 2023, at 3:53 pm
SMM

As of 15:05 CTS today, WTI oil rose 1.46%, while Brent oil fell 0.67%. The market is still worried that the global economic downturn will drag down the demand of the crude oil industry, and continued to digest the impact of the sluggish US manufacturing PMI.

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SMM Daily Comments (Jul 5): Base and Ferrous Metals Prices Mostly Fell, WTI Soared despite Lingering Concerns over Global Economic Downturn

Lithium Salt Plants in Jiangxi Forced to Halt Production due to Natural Gas Pipelines Maintenance, Here's the Impact

Caixin China Services PMI Fell in June But Expanded For Six Consecutive Months