Today's news: federal Reserve balance sheet exceeds $6 trillion * Chile Escondida Copper Mine confirmed two new crowns * 9 thread spot walk

Macro information

In four weeks, the Fed's balance sheet surged by 1.7 trillion to more than $6, 000bn.

Powell once again calls for "bailout": the economy will rebound strongly in the future with all the tools available

Li Keqiang: to do a good job of normal prevention and control at the same time to promote the resumption of work and production in an all-round way

Metal news

[SMM analysis] A sharp rebound in air conditioning pipe demand led to the start of copper pipe enterprises in March to improve the follow-up attention to the export situation of downstream enterprises.

[SMM interpretation] supply decline & rising demand Guangdong aluminum ingots go to storage more than expected

The spot market rose in all parts of the country on the 9th. [SMM Thread] 9 spot market rose widely in the spot market.

[SMM hot coil] Cold transfer heats up the pressure on the supply end of the hot coil. Subsequent prices may weaken.

[SMM analysis] it is difficult for global steel mills to reduce production and upgrade the export volume of manganese market.

Two cases of new crown virus infection confirmed at Escondida copper mine in Chile

Copper production growth of Central Asian Metals from January to March 8.4% is expected to meet the 2020 output Target

Thailand initiates anti-dumping investigation against China-related tinplate rolls

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The crude oil market experienced "skyrocketing and plummeting" overnight in the crude oil market, where OPEC+ reached an agreement to cut production by 10 million barrels per day.

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