en.Wedoany.com Reported - As of the day's close, all base metals on the domestic market fell. Shanghai aluminum dropped 0.64%, Shanghai zinc fell 0.3%, Shanghai tin declined 0.92%, Shanghai copper decreased 0.29%, Shanghai nickel fell 1.72%, and Shanghai lead dropped 0.19%. The main contract for alumina rose 3.14%, while the main contract for cast aluminum increased 0.33%. The main contract for lithium carbonate gained 1.27%, polysilicon's main contract surged 4.96%, and industrial silicon's main contract rose 3.17%. The main contract for the Europe-bound container shipping index increased 2.66%, closing at 3972 points. Most ferrous metals were in positive territory, with iron ore up 1.51%, rebar up 0.98%, hot-rolled coil up 0.6%, and stainless steel down 0.76%. In the coke and coking coal sector, the main contract for coking coal fell 0.76%, while the main contract for coke rose 0.79%.

In the external base metals market, as of 15:18, LME metals all weakened. London copper edged lower, London aluminum fell 0.61%, London lead dropped 0.5%, London zinc declined 0.49%, London tin fell 0.73%, and London nickel decreased 0.58%. In precious metals, as of 15:18, COMEX gold fell 1.36%, and COMEX silver dropped 0.58%. Domestically, Shanghai gold fell 3.14%, and Shanghai silver declined 4.88%. The main contract for platinum fell 4.24%, and the main contract for palladium dropped 0.26%.

On the macroeconomic front, domestic economic data showed that in May 2026, the national consumer price index (CPI) rose 1.2% year-on-year, with urban areas up 1.3% and rural areas up 1.1%; food prices fell 1.7%, while non-food prices rose 1.9%; consumer goods prices increased 1.6%, and service prices rose 0.8%. The average CPI for the first five months rose 1.0% compared to the same period last year. On a month-on-month basis, CPI fell 0.1% in May. The national producer price index (PPI) rose 3.9% year-on-year and 0.5% month-on-month; the average year-on-year increase for the first five months was 1.0%. The purchasing price index for industrial producers rose 5.8% year-on-year and 1.3% month-on-month; the average year-on-year increase for the first five months was 1.6%. In May, among purchasing prices, non-ferrous metal materials and wire prices rose 22.0%, chemical raw materials rose 11.8%, fuel and power rose 10.0%, textile raw materials rose 2.5%, and ferrous metal materials rose 0.3%; building materials and non-metallic materials fell 5.5%, and agricultural by-products fell 1.6%. On June 10, the central parity rate of the renminbi against the US dollar in the interbank foreign exchange market was 6.8130 yuan per dollar. The Ministry of Industry and Information Technology issued a notice proposing that by 2028, the coverage rate of the 1-millisecond latency circle for metropolitan computing power should not be less than 75%. Data from the China Association of Automobile Manufacturers showed that in May, China's automobile exports reached 930,000 units, a year-on-year increase of 68.7%, maintaining above 900,000 units for two consecutive months; among them, Automobile Industry" target="_blank">new energy vehicles exports were 446,000 units, a year-on-year increase of 1.1 times.

In the US dollar market, as of 15:18, the US dollar index fell 0.1% to 99.85. The market is focused on US inflation data, with economists expecting the annual CPI for May to accelerate from 3.8% to 4.2%, and core inflation expected to rise from 2.8% to 2.9%. Goldman Sachs, UBS, Deutsche Bank, and Morgan Stanley forecast the year-on-year overall CPI for May to be in the range of 4.17% to 4.3%, all higher than April's 3.81%, but their month-on-month core CPI forecasts are generally below market consensus. According to the CME FedWatch Tool, the probability of the Federal Reserve maintaining interest rates unchanged in June is 98.2%, with a 1.8% probability of a cumulative 25-basis-point rate cut; by July, the probability of maintaining rates unchanged is 85.8%, with a 12.6% probability of a cumulative 25-basis-point rate hike and a 1.6% probability of a cumulative 25-basis-point rate cut.

In the crude oil market, as of 15:18, oil prices in both markets fluctuated narrowly, with US crude up 0.06% and Brent crude up 0.05%. US Deputy Secretary of State Landau stated that the US is working to release energy reserves and increase sales of liquefied petroleum gas and liquefied natural gas to ASEAN. US Energy Secretary Wright said that oil exports from the Strait of Hormuz and the Persian Gulf will rise. For the week ending June 5, US API crude oil inventories decreased by 9.119 million barrels, compared to an expected decrease of 3.421 million barrels and a previous decrease of 6.757 million barrels; gasoline inventories decreased by 1.191 million barrels, compared to an expected decrease of 614,000 barrels and a previous increase of 3.454 million barrels. The US Energy Information Administration (EIA) stated that due to the loss of over 11 million barrels per day of crude oil production in the Middle East due to the conflict, OECD oil inventories are heading towards their lowest level since at least 2003, expected to fall to just under 2.3 billion barrels by December.

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