The list of the 16th lead and Zinc Summit has been newly released.
SMM4 March 30: green manure is red and thin in the non-ferrous metals market this morning. by the close of midday, international copper and Shanghai copper fell 0.59%, Shanghai aluminum rose 0.85%, Shanghai lead fell 1.21%, Shanghai zinc fell 2.15%, Shanghai nickel fell 0.04%, and Shanghai tin rose 0.74%. In terms of nickel, since last Friday, Shanghai Nickel has launched Wulianyang near the 120000 integral gate, during which it has led the rise of base metals for many times, and is now doing shock finishing around 130000. In such a ferocious rise, most end-users are stuck on the sidelines. Although the market is worried about the near-term supply expectations, Shanghai nickel contracts also show a near-high-far-low back structure, but it is precisely because of the limited purchasing power, spot discount continues to weaken, Russo Nickel once pasted. Such a high price of raw materials has penetrated from top to bottom to all industries in the terminal. And May Day holiday is approaching, in the field of continuous production of stainless steel, alloy, consumption this week.
"[SMM special topic] Nickel price rose sharply once exceeded 130000 downstream pre-festival stock how?
In terms of black series, the thread fell by 0.04%, hot coil by 0.49%, coking coal by 1.28%, coke by 2.62%, iron ore by 1.55%, stainless steel by 0.07%. In terms of iron ore, the blast furnace operating rate calculated by SMM this week rebounded by 0.8% to 86.6%, and 2.3% month-on-month. Except for Tangshan and Handan in Hebei Province, steel enterprises in other parts of the country have maintained a good level of production enthusiasm under the stimulation of high profits. In particular, this week's SMM statistics of steel inventory continues to decline, the terminal downstream market is still expected to be good in the short term, the effect of raw material transmission is still there.
Crude oil rose 1.89% in the previous period, while international crude oil futures fell on Friday, taking a breather after hitting a six-week high. The move comes after oil prices rose on Thursday as fears of an expanded blockade by Brazil and India were outweighed by the prospect of an economic recovery and increased fuel demand in the summer.
In terms of precious metals, Shanghai gold fell 0.97% and Shanghai silver fell 1.6%. International gold prices fell slightly on Friday as rising US bond yields weakened gold's attractiveness; palladium fell from last day's record highs. The yield on the benchmark 10-year Treasury note rose to a two-week high in the previous session, increasing the opportunity cost of holding gold.
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