SUZHOU YOUDE ELECTRIC CO., LTD.

SUZHOU YOUDE ELECTRIC CO., LTD.

Metal prices have fallen across the board, while gold and silver have risen against the trend and continued to hit new historical highs

2025 09/23

      As of the end of the day, basic metals in the domestic market collectively fell, with Shanghai zinc leading the decline with a 0.68% drop, Shanghai tin and Shanghai nickel both falling more than 0.5%, Shanghai tin falling 0.55%, and Shanghai nickel falling 0.58%. The rest of the metal prices have fluctuated slightly. Aluminum oxide fell 1.94% in a row, recording two consecutive declines, while cast aluminum fell 0.29% in a row. In addition, lithium carbonate fell 0.16% in a row, polycrystalline silicon fell 2.74% in a row, and industrial silicon fell 2.3% in a row. The main European freight forwarder fell 0.18% in a row to close at 1100. The black series experienced a collective decline, with iron ore, thread, and hot coil all falling by around 1%. Thread fell by 1%, hot coil fell by 1.33%, and iron ore fell by 1.23%. In terms of dual coke, coking coal fell by 0.94% and coke fell by 0.67%. In terms of external trading, as of 3:04 pm, basic metals in the external market generally fell, while London nickel rose by 0.05%. Lead the decline with a 0.76% drop in zinc and a 0.53% drop in lead. The rest of the metal prices have fluctuated slightly. In terms of precious metals, there was a collective upward trend. As of 3:04 pm, COMEX gold rose 0.38%, reaching a high of $3795.1 per ounce during trading, continuing its historical high since its listing; COMEX silver rose 0.01%, reaching a high of $44.42 per ounce during trading, also setting a new historical high since its listing; Domestically, Shanghai gold rose 1.99%, reaching a high of 856.3 yuan/gram during trading, continuing to break its historical record