SMM9: the dollar rose on Tuesday, further away from a nearly one-month low hit by weak employment data on Friday, as higher US bond yields prompted investors to cut short positions in the dollar against the euro ahead of this week's ECB meeting. The dollar rose for a second day and metal markets came under pressure as aluminium futures fell on the strength of the dollar but remained close to a 10-year high yesterday, as supply concerns over a coup in Guinea heightened concerns about production disruptions elsewhere. By the close, aluminum rose 0.02%, zinc rose 0.65%, copper fell 0.24%, nickel fell 0.28%, Lunxi fell 2.32%, and lun lead fell 0.09%.
Domestic color is more floating green, only Shanghai aluminum and Shanghai zinc rose. Among them, Shanghai copper fell 0.52%, Shanghai lead fell 0.44%, Shanghai nickel fell 0.54%, Shanghai tin fell 0.77%, Shanghai aluminum rose 0.02%, and Shanghai zinc rose 0.51%. Zinc, according to SMM research, statistics of domestic inventories fell slightly again on September 6, in the short term in the case of zinc ingots do not have a stock, still provide some support for prices. With the passage of time, domestic production showed a restorative growth month-on-month in September, while the third batch of goods can be picked up as soon as this Friday, and the market will switch to oversupply, putting pressure on the price of zinc ingots. SMM predicts that the short-term zinc price volatility pattern is difficult to break.
U. S. stocks closed mixed on Tuesday, with the Dow closing down more than 260 points. The market is worried that the accelerated spread of the new Guandalta variant will hinder the economic growth of the United States. A number of agencies have downgraded their forecasts for the US economy.
In terms of crude oil, oil prices fell on Tuesday, dragged down by the strength of the dollar and concerns about weak demand in the United States and Asia, but strong economic indicators in China and continued disruptions in crude oil production in the Gulf of Mexico in the United States have provided some support to oil prices, limiting the decline of crude oil.
In precious metals, COMEX gold fell below $1800 on Tuesday, the biggest one-day drop in nearly a month, as a stronger dollar and rising Treasury yields weighed on demand for precious metals.
In terms of data, the pre-value of China's trade account-US $100 million in August is 565.8, the forecast value is 532, and the public value is 583.4; the annual rate of China's imports in August is 28.1, the forecast value is 26.9, and the public value is 33.1; China's export annual rate-dollar-denominated (%) pre-value is 19.3 in August; the forecast value is 17.3; and the public value is 25.6.
The pre-value of China's August trade account-RMB denomination (100 million yuan) is 3626.7, the forecast value is 3463, and the public value is 3763.1; China's export annual rate-RMB (%) pre-value is 8.1; the forecast value is 8.4; the public value is 15.7; China's August import annual rate-RMB valuation (%) pre-value is 16.1; the forecast value is 18.5; the public value is 23.1.
The former value of China's crude oil import volume-energy (10,000 tons) in August was 4124.3, and the public value was 4453.1; the pre-value of China's oil import volume-refined petroleum products-energy (10,000 tons) in August was 252.3, and the public value was 292.8.
The pre-quarterly unemployment rate (%) of Switzerland in August is 2.8, the forecast value is 2.8, and the public value is 2.7; the unemployment rate of Switzerland after the quarterly adjustment in August is 3, the forecast value is 3, and the public value is 2.9; the monthly industrial output rate (%) of Germany after the quarterly adjustment in July is-1, the forecast value is 0.8, and the public value is 1; The pre-adjusted annual rate of industrial output (%) in Germany in July was 5.4, the forecast value was 5.1, and the public value was 5.7.
The previous value of China's foreign exchange reserves (US $100 million) in August was 32,358.9, with a projected value of 32,330 and a public value of 32321.2.
Australia's September cash rate (%) before 0.1, forecast 0.1, public value of 0.1.
The previous value of Germany's ZEW economic climate index in September was 40.4, the predicted value was 30.3, and the public value was 26.5.
The euro zone's ZEW economic climate index in September was 42.7, with a public value of 31.1; the euro zone's quarterly final GDP rate (%) after the second quarter was 2, the forecast was 2, and the public value was 2.2; and the euro zone's annualized GDP rate (%) after the second quarter was 13.6, 13.6, and 14.3, respectively, after the euro zone's quarterly adjustment in the second quarter, the euro zone's final annual rate (%) was 13.6, the forecast was 13.6, and the public value was 14.3.
