[SMM Daily Review] Nonferrous Plus fell, Shanghai Aluminum narrowed, only the floating red and black series rebounded, gold and silver rose by shock.

SMM3 March 16: most of the non-ferrous metals market is green today. By the end of the day, international copper fell 1.08%, Shanghai copper fell 1.14%, Shanghai aluminum rose 0.49%, Shanghai lead fell 0.27%, Shanghai zinc fell 0.9%, Shanghai nickel fell 0.12%, and Shanghai tin fell 1.22%. Shanghai Aluminum Futures hit a more than nine-and-a-half-year high on Tuesday amid heightened concerns about supply following power outages and industrial shutdowns in Baotou, China, the largest consumer of aluminium. It is reported that Baotou City, in accordance with the requirements of the autonomous region's "implementation Plan for further strengthening double Control of Total and intensity Energy consumption", immediately launched five response measures for energy consumption "double control": first, to completely stop production of 34 ferroalloy enterprises in accordance with the law; second, to shut down some units of self-provided power plants; third, to limit production for restricted enterprises; fourth, to plug management loopholes and strengthen energy-saving management of key energy-using enterprises; Fifth, take measures to save energy and reduce consumption in the areas of trade circulation, transportation, construction, public institutions and so on.

In terms of lead, the spot market is dominated by rigid demand, and a small number of traders and downstream enterprises who are bullish on lead prices have a low reserve, but the market wait-and-see mood is relatively strong, and the industry is generally optimistic about Shanghai lead. The lead market has been trading cautiously in recent days, and the trend of low consolidation may continue in the short term. At night, we will pay attention to whether Shanghai lead can stabilize its 5-day moving average.

[brief Review of lead in SMM period] during the day, Shanghai lead concussion receives overcast and pays attention to the support of the 5-day moving average at night.

In terms of black series, threads fell 0.47%, hot rolls fell 1.6%, coking coal rose 2.88%, coke 1.14%, iron ore 3.88%, stainless steel 0.25%. Based on the Tangshan area as the carbon peak pilot area, it is expected to be popularized nationwide in the later stage, while Tangshan area is the main producing area of hot coil, which has a greater impact than rebar. At the same time, the object of the carbon peak is the long process, while the short process electric arc furnace encourages the expansion of production. Therefore, the snail difference has a further divergent driving force, and it is possible to converge until the carbon peak is promoted throughout the country.

Crude oil fell 2.48 per cent in the previous period, and international crude oil futures fell for a third day on Tuesday as rising US inventories heightened concerns about demand risks and countries such as Germany and France suspended novel coronavirus's vaccination. The epidemic has reduced demand for oil, but oil prices have now returned to pre-epidemic levels, although the upside in oil prices is limited due to slow progress in vaccination efforts in most countries. In the United States, inventories have also increased. Oil refining operations were interrupted due to the cold wave last month, and it will take time to fully recover.

In terms of precious metals, Shanghai gold rose 0.7%, Shanghai silver rose 1.34%, international gold prices held steady on Tuesday, and U.S. Treasury yields fell. Investors await the outcome of the Federal Reserve / FED meeting. Analysts point out that at present, gold is rising due to falling US bond yields, and investors are taking advantage of the opportunity to buy gold at lower prices, betting on long-term uncertainties, such as falling interest rates and rising inflation.

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[stock market close] the three major indexes collectively closed higher, carbon neutralization and the strength of the main line plate.

The market shrank and consolidated throughout the day, and the gem index rose more than 1%, while individual stocks rose by more than 9% and more than 80 stocks. On the plate, Ningde era and other holding stocks stabilized, carbon neutralization main line broke out again, and continued to spread, funds mining ultra-high pressure, environmental protection and other low stocks, 5G, digital currency, real estate and other plates changed in the afternoon, low and low market capitalization stocks were sought after by short-term funds, Jimin Pharmaceutical rose by the limit, popular leader Rendong Holdings late pry board; Individual stocks, the high standard continues to soar, Huayin Electric Power 7 even board, Xinghua shares and other late trading limit, short-term mood is active. On the whole, the market shrinks sharply and pays attention to the opportunities of the main line. On the disk, carbon neutralization, environmental protection, UHV and other plates led the increase, while coal, steel, graphite electrodes and other plates led the decline. As of the close, the Prev index rose 0.78% to close at 3446 points, the Shenzhen Composite Index rose 0.91% to close at 13642 points, and the gem index rose 1.06% to close at 2672 points. Shanghai shares have a net inflow of 2.179 billion, while Shenzhen stocks have a net inflow of 3.393 billion. "View details