[SMM Daily Review] Shanghai Nickel pulls up more than 4% and Shanghai Tin brushes a record high steel futures prices fall back and gold and silver continue to fluctuate.

Telah Terbit: Aug 12, 2021 16:34

SMM8 March 12: non-ferrous metals generally rose in daily trading today. By the end of the day, the main contracts were as follows: international copper rose 0.79%, Shanghai copper rose 0.7%, Shanghai aluminum fell 0.12%, Shanghai lead rose 0.36%, Shanghai zinc rose 1.47%, Shanghai nickel rose 4.55%, and Shanghai tin rose 1.77%. Among them, tin once again set a new record high of 243990 yuan / ton, and Shanghai Nickel rose more than 4%, approaching the previous stage high.

In terms of copper, today's Shanghai copper gains, the KDJ curve crosses upward, and the MACD line green column shortens. The solid column closed near the 5-day moving average, and fully stood on the Bollinger middle rail to get support. Today, we will focus on the number of people applying for unemployment benefits for the first time in the United States last week (estimated at 375000, compared with the previous figure of 385000). To see whether the job market can maintain the strong momentum of recovery under the ferment of the epidemic, putting some pressure on the copper market.

[brief Review of SMM Copper Futures] Shanghai Copper "Dance" on the Brin Middle Rail in an all-round way above 70, 000 in the day when the mood in the periphery warms up.

In terms of lead, Shanghai lead short positions reduced again during the day, Shanghai lead rebounded upward recorded Xiaoyang column, daily K line KDJ maintained downward exposure narrowed, MACD green column began to shorten, the technical side slightly showed a trend of idling. With the delivery date approaching, the holder has a strong sentiment of holding up the price and the intention of delivery is on the high side, and social inventory is still expected this week. Although the trend of lead in Shanghai has briefly stopped falling and recovered 15500 yuan / ton, we still need to pay attention at night.

[brief Review of lead in SMM period] during the day, Shanghai lead stopped falling and rebounded. Xiao Yangzhu paid attention to whether the first line of 15500 yuan / ton could stand firm at night.

In terms of black series, thread fell 2.05%, hot coil fell 2.03%, coking coal fell 1.52%, coke was flat, iron ore fell 2.16%, stainless steel rose 1.42%. In terms of coke, Shanxi metallurgical coke market is strong today and has started the third round of improvement. Market sentiment is high. At present, the production of coke enterprises is more active, the start-up is still at a high level, and there is no inventory pressure in the factory for the time being. as the price of coking coal continues to rise, most coke enterprises have a strong intention to increase. Recently, the demand for coke in some steel mills has rebounded and the purchasing enthusiasm has increased. The Shanxi coking coal market continues to be a strong pattern. Recently, the auction price in Anze area of Linfen has risen sharply, superimposed by the continuous shortage of supply, and the local coking coal price has risen one after another. at present, the acceptance tax price of low-sulfur coking coal in Anze is reported to be about 3150 yuan / ton, and the price has broken through the all-time high.

[SMM Coke spot Daily Review] Market sentiment is high in the third round of coke rally.

Crude oil rose 0.37% in the previous period, and international oil prices held steady on Thursday after two days of gains, after the United States, the world's largest oil consumer, called on major oil-producing countries to increase production, adding to supply concerns as economies relaxed restrictions on the coronavirus.

In terms of precious metals, Shanghai gold rose 1.25% and Shanghai silver rose 0.69%, while international gold prices held on overnight gains on Thursday after data showed that consumer price increases in the United States slowed in July, easing fears of an early reduction in economic support measures. (CPI) growth in the US consumer price index slowed in July, although it remained at a 13-year annual high and there were early signs that inflation had peaked as the economy adapted to supply chain disruptions caused by the outbreak.

"check the metal futures market.

[stock market close] the three major A-share indexes closed down in terms of non-ferrous and semiconductors.

Today, the three major stock indexes fluctuated downwards, closing down across the board. The gem index weakened and fell 1.47%. Thanks to the strength of cyclical stocks, the Prev index closed down 0.22%, individual stocks in the two cities rose and fell by half, and the turnover exceeded trillion yuan for 17 consecutive trading days. Lithium electricity, chips, photovoltaic and other high prosperity plates are repeatedly active. Nearly 20 shares of lithium power rose by the daily limit or more than 10%. Salt Lake shares, the focus of the market, rose by the afternoon limit, with a turnover of nearly 16 billion yuan, leading to a rebound in the popularity of lithium extraction in salt lake. the upstream performance of lithium electricity such as phosphorus chemical industry and fluorine chemical industry was bright, with a number of stocks rising by the daily limit; new energy vehicles rose throughout the day, while BAIC Langu, GAC GROUP, Dongfeng Motor and so on rose by the daily limit. In addition, the best part of the concept of energy storage split up today, with non-ferrous, steel and coal sectors showing a strong trend, industrial metals such as precious metals and aluminum rising sharply, spirits, food and beverages and health care continued to be weak, and military stocks leading the two cities down. On the disk, automobiles, non-ferrous, semiconductors and components were among the top gainers, while national defense, beverage manufacturing and real estate declined in the forefront. As of the close, the Prev index fell 0.22% to close at 3524 points; the Shenzhen Composite Index fell 0.79% to close at 14901 points; and the gem index fell 1.47% to close at 3386 points.

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[SMM Daily Review] Shanghai Nickel pulls up more than 4% and Shanghai Tin brushes a record high steel futures prices fall back and gold and silver continue to fluctuate. - Shanghai Metals Market (SMM)