SMM2 June 16: the dollar index: fell for two days in a row, weakening since midday shocks, as of 15:55, down 0.14%. According to data released by the US Labor Department, US PPI rose 9.7 per cent in January from a year earlier, exceeding market expectations of 9.1 per cent and below last month's adjusted figure of 9.8 per cent.
Crude oil: crude oil futures rose in the afternoon, and recent oil prices are closely related to the situation in Russia and Ukraine. Ukrainian dignitaries yesterday also criticized Western media for spreading false news that Russia was preparing to "invade" Ukraine. Geopolitical factors have cooled in the short term, and oil prices have retreated from their highest level since 2014. As of around 16:25, US crude oil was up 1.12 per cent and Brent crude was up 1.19 per cent.
Metal market: basic metals rose in daily trading today, only lead in Shanghai fell slightly by 0.13%, and zinc in Shanghai fell slightly by 0.32%. Shanghai tin closed up 1.59%, Shanghai copper and nickel rose by about 0.95%, and Shanghai aluminum rose slightly by 0.2%.
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Shanghai zinc floating green on the 4th, according to SMM research, the holder of ordinary zinc ingots to 2203 contract quoted to rise around 20,30 yuan / ton. On the whole, after the zinc price hit 25000 yuan / ton yesterday, the market transaction is better, but today continues the current price, downstream enterprises after a stock preparation, the willingness to buy goods at the current price is not high, the transaction is weaker than yesterday. "View details
Shanghai tin recorded the largest increase in basic metals, fundamentals, today's spot market turnover is less, downstream enterprises wait and see after the market price trend has improved. The warehouse receipt of the previous period decreased by 174t to 3125 t. 2202 contracts have been delivered in the past two days, and some enterprises have also chosen to trade through futures market delivery. "View details
Black series, only iron ore closed down 1.1%, stainless steel main force rose 3.35%, thread closed up 1.85%, hot rolling closed up 1.46%.
Stainless steel "steel force" full, rose for the third day in a row, but also continued a wave of rally since January 26 this year. Spot and futures are basically at the same pace, with the same strong performance in recent days, with the average spot price rising 13% on February 16 compared with January 4 at the beginning of this year.
Stainless steel main force three consecutive rising "momentum" how long can it last? [SMM analysis]
In the coal sector, the decline in thermal coal narrowed to 0.64%, while both coking coal and coke rose by more than 2%.
LME metal futures: enter the European and American period, generally climb, Lun copper, Lun aluminum, Lun lead performance is particularly obvious. By about 16:45, Lun Copper and Lun Aluminum had risen more than 1%, Lun Zinc and Lun Ni had risen by about 0.95%, and Lun lead and Lunxi had risen slightly by 0.67% and 0.49%, respectively.
As of 16:49 today:
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SMM Daily Review
International copper BC: today BC copper main contract 2204 overall performance is more horizontal volatility, volatility is low, BC copper prices after the opening slightly down to an intraday low of 63510 yuan / ton, and then slowly push up, after the afternoon opening to the intraday high of 63870 yuan / ton, the price fell again, down to 63590 yuan / ton near the opening price, rose again before the close, and finally closed at 62870 yuan / ton, an increase of …
The relaxation of the international situation boosts the expectation of a rise in copper prices and interest rates is difficult to come to a conclusion. Wait-and-see mood rises [brief Review of SMM International Copper BC]
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Alumina: according to SMM, the current spot orders for alumina plants are mostly signed at the end of January, and the production in February is mainly based on the supply of long orders and the completion of January orders. In addition, the output of the four provinces of Shanxi, Shandong, Henan and Guangxi has been reduced to varying degrees, showing that there are not many spot resources available for circulation as a whole.
Spot transactions are relatively light alumina prices tend to be stable [SMM Daily Review]
Recycled aluminum: aluminum prices fell slightly today, A00 aluminum prices fell 90 yuan / ton to 22590 yuan / ton compared with yesterday, recycled aluminum prices are relatively stable. In terms of domestic prices, the quotations of large domestic recycled aluminum enterprises remain stable at 22000-22400 yuan / ton; for small and medium-sized plants, the quotation remains unchanged at around 21900-22100 yuan / ton. In terms of import and export, the recent import quotation is ….
Aluminum price fluctuates in a narrow range, recycled aluminum price remains stable [ADC12 Price Daily Review]
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Tin: in terms of fundamentals, there is less trading volume in the spot market today, and the Shanghai Tin 2202 contract is being delivered, and the sentiment of downstream enterprises waiting to see the market price trend after delivery has improved. The warehouse receipt of the previous period decreased by 174t to 3125 t. 2202 contracts have been delivered in the past two days, and some enterprises have also chosen to trade through futures market delivery. Upstream smelter.
Futures tin 2203 contract interval shock upstream two smelters stop production and overhaul [SMM tin brief review]
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The stock market closed
Today, the market fluctuated and rebounded, and the Shanghai Composite Index was relatively strong. On the market, infrastructure stocks are strong throughout the day, the plate set off a stop tide, more than 20 stocks rose by the daily limit. Industrial mother machine, sub-new, rare earth permanent magnet, electric power, novel coronavirus treatment and other plates are active in turn, and the hot spots of the plate rotate quickly. In terms of decline, the precious metal plate fell sharply.
On the whole, individual stocks rose more than fell today, with more than 3500 stocks rising in the two cities. Today's turnover on the Shanghai and Shenzhen stock markets is 807.1 billion, a decrease of 20.4 billion compared with the previous trading day.
In terms of plates, industrial mother machines, architectural decoration, rare earth permanent magnets and other plates led the increase, while precious metals, oil and gas mining, digital currency, military industry and other plates led the decline.
By the close, the Prev index was up 0.57%, the Shenzhen Composite Index was up 0.23%, and the gem index was up 0.07%. Northbound funds sold a net 1.623 billion yuan today, of which Shanghai stocks bought 951 million, Shenzhen stocks sold 2.574 billion, and northbound funds sold for three consecutive days.
The small metal plate has been red for three days in a row, and the plate index rose 2.41% today. Individual stocks, Huayang new materials trading, Yinglohua, Dadi bear, Zhenghai magnetic materials and so on.
The three major A-share indexes rose together, rare earth permanent magnets and other sectors led the gains, precious metals and other sectors led the decline [stock market closing]
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[SMM Today's News] Lithium Carbonate exceeds 420000 | stainless steel rose 14% in 11 trading days | spot market of metals
![L’argent au SHFE a gagné plus de 3 %, le platine a progressé de plus de 2 % ; le secteur des métaux précieux a enregistré une deuxième hausse consécutive ; les marchés au comptant de l’argent et du platine ont fait preuve d’un fort attentisme [SMM Flash News].](https://imgqn.smm.cn/usercenter/gpWpd20251217171734.jpeg)
