SMM8 March 16: most of the LME metal market is green today. As of 09:30, Lunxi Copper and Len Zinc are down nearly 0.5%, Lunni Nickel is down slightly, Lunxi is down nearly 0.2%, Lun Aluminum is up nearly 0.4%, Lenny Nickel is up nearly 0.1%. On the domestic side, non-ferrous metals are up and down each other. International copper is up nearly 0.5%, Shanghai copper is up nearly 0.6%, Shanghai aluminum is up nearly 1.4%, and Shanghai lead is down nearly 0.5%. Shanghai zinc rose nearly 0.5%, Shanghai tin rose nearly 0.2%, and Shanghai tin fell nearly 0.2%. In terms of black series, thread rose nearly 0.3%, hot coil rose nearly 0.4%, coking coal rose nearly 2.8%, coke rose nearly 2.5%, iron ore rose nearly 1.9%, stainless steel fell nearly 0.7%, last period crude oil fell nearly 2.1%, precious metals, Shanghai gold rose nearly 1.5%, Shanghai silver rose nearly 1.6%.
Among them, aluminum, fundamental short-term transport improvement led to the early detention of aluminum ingots began to concentrate on delivery, short-term domestic aluminum ingots social inventory continued the situation of small accumulation. However, it should be noted that, on the one hand, the impact of power cuts on the supply of electrolytic aluminum is still possible, on the other hand, there is only half a month left in the off-season of traditional consumption, and the arrival of the peak consumption season may make the inventory turn to the warehouse again, and the willingness of bulls to make a profit to leave the market is not strong. In the short term, it is expected that Shanghai Aluminum will maintain a high level of shock, and the spot rising water will be running at-400.0 yuan / ton.
In terms of coke, the coke market in Shanxi Province was strong last Friday, and the scope of the third round of increase was expanded. At present, some coke enterprises with limited production in Taiyuan and Luliang areas of Shanxi Province have gradually resumed production this week, with an overall operating rate of 87.3% and a high coke oven operating rate; coke inventory in coke factories is low and the market is bullish; the operating rate of blast furnaces in steel mills has increased compared with last week, and coke procurement demand is good. Generally speaking, the short-term coke price continues to be strong.
As of 09:30, the status of contracts in the metals and crude oil markets:
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"[SMM Metal Morning reference] Review of the weekend News | the high point of Shanghai Aluminum since March 2008 | Today's metal market outlook
[minutes of SMM Copper Morning meeting] the activity of spot transactions tends to pick up when the US index fell back last Friday.
[summary of SMM Aluminium Morning meeting] Macro-easing does not reduce Shanghai Aluminium to reach a new high and pay close attention to the change of social inventory.
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[summary of SMM Zinc Morning meeting] domestic supply has resumed to guard against zinc prices rising and falling.
[minutes of SMM Tin Morning meeting] the probability of shock trend increases when tin prices rise and reduce positions.
[SMM Steel Morning meeting View] the raw material end is mixed, black series continues to rise, beware of rising and falling.
[summary of SMM Cobalt Lithium Morning meeting] Cobalt Market demand is light and Lithium Carbonate Market continues to be reluctant to sell.
![[SMM Análisis Macro] Jackson Hole señala una Fed de línea dura, impulsando las expectativas de subida de tipos en septiembre](https://imgqn.smm.cn/usercenter/VCNvX20251217171735.jpeg)
