SMM8 March 10 News: today's domestic non-ferrous metals continue to decline, only Shanghai tin recorded an increase. By midday trading, international copper was down 1.31%, Shanghai copper was down 1.14%, Shanghai Aluminum was down 0.38%, Shanghai lead was down 2.25%, Shanghai zinc was down 0.95%, Shanghai nickel was down 4.19%, and Shanghai tin was up 2.52%.
As for copper, the spot contract for electrolytic copper in Shanghai today was quoted at 140 to 170 yuan per ton, with an average price of 155 yuan per ton, down 25 yuan / ton from the previous day. The transaction price of Pingshui copper is 69460-69630 yuan / ton, and that of Shengshui copper is 69470-69640 yuan / ton. Today, after the high opening of the Shanghai copper jump, it will be arranged around a narrow range of 69350 yuan / ton, and the center of gravity has slightly moved up to 69480 yuan / ton after the second period of time. [SMM Shanghai Copper spot] it is difficult to see the hot spot of trading and the standoff between the spot and the rising water is difficult to make a difference.
In terms of aluminum, Shanghai Aluminum slightly reduced its positions in early trading, and the center of gravity of the transaction moved down to 19800-19900 yuan / ton, while the spot transaction discount in East China narrowed slightly, focusing on 19860-19870 yuan / ton, and around 20 yuan / ton in the current month. According to SMM statistics, the average industry cost of electrolytic aluminum in China has moved up, approaching a new high of 14770 yuan / ton in the past three years, an increase of 11.5% over the beginning of the year. With the rise in electricity prices and alumina costs, it is expected that there is still room for cost increase. "the cost end of electrolytic aluminum increases the discount of existing aluminum and narrows it.
In terms of zinc, the mainstream turnover of zinc in Guangdong was 22500-22600 yuan / ton, and the quotation was concentrated on the 2109 contract for Shanghai zinc, which increased by 30 yuan / ton compared with the previous trading day, and the Guangdong market increased by 140 yuan / ton compared with the previous trading day. [SMM afternoon Review] Guangdong Zinc: inventories are falling again and the market quotation is strong.
For the black system, the thread rose 0.35%, the hot coil rose 1.16%, the coking coal fell 0.36%, the coke rose 2.72%, the iron ore fell 5.92%, and the stainless steel fell 4.15%. Today SS main contract opening price weak operation, the spot market continues yesterday's shady decline atmosphere, suppliers today's transactions and negotiations between a small drop of 50-200 yuan / ton, while steel prices are mostly supported by high raw material costs, SMM believes that short-term private spot fall space is limited.
[Foshan stainless Steel Daily Review] the current price is down in the short-term trading range of merchants.
The last period of crude oil fell 3.25%, and overnight international oil prices rose to a new low in more than half a month, driving the inner market crude oil system to fall one after another, and low-sulfur fuel oil fell by more than 3.5% at one time. Crude oil losses generally recovered from last night's opening on Tuesday, but SC crude, low-sulphur fuel and bitumen fell more than 2 per cent.
In terms of precious metals, Shanghai gold fell 0.97% and Shanghai silver fell 5.93%. At the beginning of Tuesday trading, precious metals continued to fall, the main force of Shanghai gold fell nearly 1%, and the main force of Shanghai silver fell nearly 6%, all of which continued to hit a four-and-a-half-month low. After the non-farm beautiful data, a number of Fed officials made hawkish speeches, Balkin, Bostick, Rosengren, one by one "eagle", the Fed is expected to reduce QE heating up again.
By the close of noon, the contracts in the metals and crude oil markets were as follows:
"Click to see more SMM metal prices.
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