financetom
World
financetom
/
World
/
METALS-Shanghai metals ease as initial optimism over Beijing's growth pledge fades
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
METALS-Shanghai metals ease as initial optimism over Beijing's growth pledge fades
Jul 23, 2025 1:41 AM

(Updates prices to Asian market close, updates headline and

paragraph 1, adds comments and details)

By Hongmei Li

SINGAPORE, July 23 (Reuters) - Prices of most traded

metals on the Shanghai Futures Exchange eased on Wednesday, as

initial euphoria over Beijing's recent pledge to stabilize

industrial growth faded and traders kept a close watch on

developments in China-U.S. trade talks.

SHFE aluminium was down 0.34% at 20,790

yuan($2,902.37) per ton, as of 0725 GMT, lead eased

0.5% to 16,810 yuan, nickel edged 0.1% lower to 123,220

yuan, and copper receded 0.08% to 79,590 yuan.

Zinc climbed 0.5% to 22,975 yuan, hovering at its

highest point since April 1, and tin advanced 0.42% to

268,540 yuan.

"Beijing's comments about stabilizing the industrial growth

last Friday have been encouraging, though the support is more on

sentiment, which has been fully reflected in the price

strengthening in the past couple of days," said a Beijing-based

metals analyst from a futures company.

Meanwhile, participants in Chinese metals markets closely

monitored progress in U.S.-China trade discussions.

U.S. and Chinese officials will meet in Stockholm next week

to discuss extending the deadline for trade deal negotiations,

U.S. Treasury Secretary Scott Bessent said on Tuesday. The

original deadline was August 12.

Lifting global sentiment, U.S. President Donald Trump said

on Tuesday Washington and Japan had struck a trade deal that

includes a lower 15% tariff that will be levied on U.S. imports

from the country, including autos.

"Japan's 15% tariff has been better than expected and the

best deal so far, which may shed some light on U.S.-China talks

too, wondering what will be discussed when Trump visits China,"

the analyst added.

Trump said that he may visit China soon for a landmark trip

to address simmering trade and security tensions between both

the superpower economies.

Aluminium fell the most among the metals on the

London Metal Exchange, down 0.85% at $2,636 a ton, tin

dropped 0.44% to $33,760, copper went down 0.42% to

$9,877.5, zinc eased 0.35% to $2,850, and nickel

was flat at $15,525, while lead gained 0.17% to

$2,014.5.

For the top stories in metals and other news, click

or

($1 = 7.1631 Chinese yuan)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
FOREX-Yen teeters near 160 level after fresh warning; dollar buoyed by Gulf tension
FOREX-Yen teeters near 160 level after fresh warning; dollar buoyed by Gulf tension
Jun 4, 2026
* Yen hits 160, testing intervention tolerance * Dollar, oil set for weekly gain on Gulf tensions * Markets await US payroll report (Updates to Asia afternoon, adds quotes) By Jiaxing Li HONG KONG, June 5 (Reuters) - The Japanese yen tested the 160 barrier on Friday, drawing sharp pushback from officials, while the U.S. dollar was on track for...
Japan's Nikkei eases further from record high as AI euphoria fades
Japan's Nikkei eases further from record high as AI euphoria fades
Jun 4, 2026
TOKYO, June 5 (Reuters) - Japan's Nikkei share average retreated on Friday for a second consecutive session after closing at a record high earlier this week, as momentum slowed in the red-hot technology sector. The benchmark Nikkei 225 Index was down 1.58% at 66,406.17, but still poised for a slight gain on the week. The broader Topix edged 0.01% higher...
Morning Bid: Small miss, big hit
Morning Bid: Small miss, big hit
Jun 4, 2026
A look at the day ahead in European and global markets from Tom Westbrook The drawdown in tech stocks that has followed a narrow earnings miss at U.S. chipmaker Broadcom ( AVGO ) deepened in Asia on Friday, tipping South Korean stocks toward just their seventh weekly loss of 2026. [.KS] Broadcom's ( AVGO ) second-quarter revenue of $22.19 billion...
GRAPHIC-Take Five: Houston, we have an IPO
GRAPHIC-Take Five: Houston, we have an IPO
Jun 5, 2026
June 5 (Reuters) - The public listing of SpaceX will take centre stage as it looks likely to become one of the top 10 most valuable U.S. listed firms after it goes public, while a rate hike from the European Central Bank on Thursday seems nailed on. Elsewhere, China releases a bunch of data and the OPEC+ group meets to...
Copyright 2023-2026 - www.financetom.com All Rights Reserved