SMM7 March 2: most of the non-ferrous metals are green today. By the end of the day, international copper fell 0.62%, Shanghai copper fell 0.67%, Shanghai aluminum rose 0.59%, Shanghai lead fell 0.76%, Shanghai zinc fell 0.65%, Shanghai nickel fell 1.14%, and Shanghai tin fell 0.48%. In terms of aluminum, recent aluminum prices are weak and volatile, SMM A00 aluminum prices fell 60 yuan / ton to 18670 yuan / ton compared with yesterday, recycled aluminum prices continued to fall. At present, the turnover in the recycled aluminum market is still weak, and enterprises feedback that orders are affected by aluminum price fluctuations and the downstream traditional off-season. Prices are easy to fall but difficult to rise, but there are few low-priced raw materials in the market at present, and there is also some support for recycled aluminum prices in the short term. In the case of weakening demand, recycled aluminum prices are expected to stabilize or continue to adjust in the near future.
[ADC12 Price Daily Review] Aluminum prices continue to fluctuate downward and recycled aluminum continues to fall.
In terms of lead, on the supply side, domestic lead mines recovered seasonally in June. In 2021, domestic primary lead production is at the highest level in nearly three years, and it is expected that primary lead production will reach 275000 tons in June. In July, the traditional off-season trend of the lead-acid battery market may be reversed, and the market is generally looking forward to the follow-up peak season. At the same time, the supply of lead concentrate continues to be tight, and some of it is transmitted to the ingot end, the production of smelting enterprises is relatively tightened, and the impact of recycled lead profits on refinery production fluctuates. Lead ingots are expected to increase or decrease each other from a large accumulation in June.
[SMM monthly Outlook] June Shanghai lead first suppressed and then rose in July to observe the change of domestic supply surplus pattern.
The dollar index rose slightly this afternoon and the dollar has risen in recent days as demand has been boosted by position adjustments at the end of the month and market speculation has been sparked by robust US first-time jobless claims and manufacturing data. the Fed's case for curtailing asset purchases is growing. The market is keeping a close eye on Friday night's June U. S. non-farm payrolls report.
For the black system, the thread fell by 0.62%, the hot coil fell by 0.61%, the coking coal was flat, the coke rose 0.65%, the iron ore rose 0.77%, and the stainless steel fell 2.97%. In terms of coke, the Shanxi coke market is running steadily today. At present, most coke enterprises are resuming production and will not resume normal production until July 5 or July 8, with low inventory and smooth shipping. Blast furnaces in steel mills affected by environmental protection policies in Shanxi and Tangshan have begun to resume one after another, and coke is mainly purchased on demand. The coking coal market is running stably, and at the end of July 1st, the production of stopped and limited coal mines began to resume production one after another, but under the constraints of safety and environmental protection, the short-term supply of coking coal is still tight, and the price support of coking coal is strong. Focus on whether coking coal mines are concentrated and return to production in the near future.
[SMM Coke spot Daily Review] Coke enterprises resume production, focusing on whether coal mines concentrate on resuming production.
The previous period of crude oil rose 1.76%, and international oil prices fluctuated slightly on Friday after ministers from the Organization of Petroleum Exporting countries and its ally (OPEC) extended their output policy meeting until Friday after the United Arab Emirates opposed plans to increase production by 2 million barrels a day in the second half of the year.
In terms of precious metals, Shanghai gold rose 0.82% and Shanghai silver rose 0.11%. International gold prices were generally stable on Friday, as investors waited for the US non-farm payrolls report, which could affect the timing of a change in the Federal Reserve / FED policy stance.
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[stock market close] the three major A-share indexes closed lower. Rare earth permanent magnets, batteries and other sectors bucked the trend.
The size index fell collectively today, with most of the plates and individual stocks floating green, and heavyweight stocks making up for the decline. The Shanghai Composite 50 fell 3.59%, small-cap stocks relatively resisted, the CSI 1000 index fell 0.87%, the Prev index fell 2%, and the big consumer and bank real estate sectors staged an one-day tour. Yesterday led the rise and today became the main downside. A number of head dragon stocks, such as medicine and medical care, household appliances, food and beverages, and spirits, fell sharply to hurt market sentiment. Mindray Medical fell 8%, Guizhou Moutai fell 4%. Lithium concept stocks and rare earth permanent magnets rose against the trend, more than 10 shares of the plate rose more than 10 percent, agricultural cultivation, oil and gas equipment and services strengthened in early trading, domestic software, photovoltaic construction integration, charging piles rose one after another, and medical beauty and chip industry chain fell. On the disk, rare earth permanent magnet, Hongmeng concept, salt lake lithium rose in the forefront, beverage manufacturing, medical devices, securities led the decline. As of the close, the Prev index fell 1.95% to close at 3518 points; the Shenzhen Composite Index fell 2.45% to close at 14670 points; and the gem index fell 3.52% to close at 3333 points.
Related readings:
[hot stocks] Lithium battery plate rises and stops again in the afternoon! This core material became popular again, Rongjie shares and other 8 shares rose by the daily limit.
[hot stocks] rare earth permanent magnet plate broke out Minmetals rare earth, Jinli permanent magnet, north mine science and technology limit
The performance of Tongwei shares broke out as scheduled and continued to expand production to strengthen its leading position.
[SMM monthly Prospect] June Shanghai lead first suppressed and then rose in July to observe the change of domestic supply surplus pattern.
