Broader markets seem to be getting nervous about inflation, with roaring commodity prices not helping.
China’s consumer and producer prices up significantly.
But, US treasury yields not reflecting inflation concerns yet.
LME three-month base metals prices were mainly higher this morning, with the exception of tin that was down by 0.3% at $29,700 per tonne. The rest of the complex was up by an average of 0.5%, led by a 1.3% gain in aluminium ($2,562 per tonne). Copper was up by 0.4% at $10,435 per tonne. This morning’s gains follow Monday’s pullback that allowed prices to pull back from what were, in most cases, multi-year highs.
The most-active SHFE base...