SMM2 March 1: the non-ferrous metals market is mixed today. By the day's close, Shanghai Copper fell 0.07%, Shanghai Aluminum rose 2.21%, Shanghai Zinc rose 0.36%, Shanghai lead fell 1.47%, Shanghai Nickel rose 0.74%, and Shanghai Tin fell 2.02%. In terms of Shanghai Bank, US retail investors continued to ferment last week, and retail investors on the Reddit forum began to call for "the biggest silver drive in history". Silver rose sharply. Silver has soared since last Thursday, rising more than 8% to more than $29 this morning, the biggest increase since 2013 and the highest since August last year. The main force of the Shanghai Bank rose sharply today, with the main contract rising 9.27% to 5939 yuan / kg, the highest since September 2020.
[concern] retail investors forced Wall Street to continue to ferment silver prices by more than 9%.
Zinc, zinc closed long on the shadow line Xiaoyang line, KDJ index upward to form a gold fork. The number of outbreaks in foreign countries has dropped, and macro pessimism has eased somewhat. Fundamentals, Sichuan, Yunnan mine processing fees fell, the supply tension remains unchanged, and last week zinc ingots went to the warehouse to provide support for zinc prices. Continue to pay attention to the lower edge of the Ball line at night, zinc prices are expected to receive support shock adjustment.
[brief Review of Zinc in SMM period] Zinc prices are positive in the period, and zinc prices fluctuate under pressure.
In terms of lead, today, Shanghai lead again encountered bulls reducing positions weaker, closing two even overcast, below to test the support of the 20-day moving average, KDJ downward exposure expanded, MACD red column shortened, the technical side showed a trend of emptiness. Recently, the lead market has entered two weak trading markets, and the rebound power of lead in Shanghai is relatively inadequate. it is expected that lead prices before the festival may remain weak and volatile, and pay attention to whether the 20-day moving average can provide effective support at night.
[brief Review of lead in SMM period] Shanghai lead shock received two consecutive overcast at night, focusing on the support of the 20-day moving average.
In terms of tin, at present, the WA state has been unsealed, tin ore supply has been restored, and market concerns about liquidity tightening may restrict the trend of tin prices. The spot market will show more festive atmosphere this week, suppliers and demanders will begin to have holidays one after another, and the direction of tin prices may come more from futures prices. At present, concerns about raw materials and supply still exist. From this week on, the domestic spot market will gradually enter the state of holiday. In the short term, we will pay attention to the trend guidance of Lunxi. At present, the upper resistance is 175000 yuan / ton, while the lower support is 166000 yuan / ton.
[SMM Analysis] the market is gradually entering the holiday. Shanghai tin pays close attention to Lunxi in the short term.
In terms of black, thread fell 1.15%, iron ore fell 0.81%, and hot coil fell 1.52%. In terms of hot volume, due to the epidemic + Spring Festival, the demand weakens significantly; the fundamentals are weaker than in the previous period. However, at present, most of the hot volume inventory is concentrated in the hands of large households, and appropriate hedging has been carried out for the disk, so the anti-risk ability of volume price has been improved, so it is expected that it is difficult for spot prices to fluctuate significantly during the year, and the overall price trend after the year is also relatively preferred.
Crude oil fell 0.03% in the previous period. Oil prices in the outer disk rose after opening low on Monday, keeping up the gains of the past three months, although novel coronavirus's unsatisfactory vaccination work, constant infection and the discovery of new variants of the virus have cast a cloud over the demand outlook. Brent crude futures rose 33 cents, or 0.6 percent, to $55.37 a barrel. WTI futures rose 22 cents, or 0.42 percent, to $52.42 a barrel. Contracts for both indicators rose nearly 8 per cent in January.
Close during the day
[stock market close] the index fluctuated higher, silver, coal and other sectors pulled up in intraday trading.
The index fluctuated higher throughout the day, individual stocks rose more than 100 stocks, rose more than 9%, the short-term mood picked up, the overall moneymaking effect of the market improved, and stocks fell by the limit were dominated by performance thunder. On the plate, the market differentiation is relatively serious, and the capital mainly speculates around the registration system. C Akita Micro's share price doubled and spread from gem to Science and Technology Innovation Board and the main board. in addition, the concept of degradable plastics rose sharply, with 6 stocks up more than 9%. Silver, banks, coal and other plates pulled up. On the whole, the early varieties continue to adjust, patiently waiting for the market to stabilize. On the disk, the registration system is new, biodegradable plastic, coal and other plates led the increase, while cloud games, airport shipping, HIT batteries and other plates led the decline. As of the close, the Prev index rose 0.64% to close at 3505 points, the Shenzhen Composite Index rose 1.36% to close at 15024 points, and the gem index rose 0.99% to close at 3159 points. Shanghai shares have a net inflow of 2.847 billion, while Shenzhen stocks have a net inflow of 613 million.
