In the inner market, only Shanghai lead and Shanghai tin rose slightly, and coke fell 5.86% [SMM Daily Review]

SMM1 March 17: the dollar index fluctuated slightly in intraday trading today, falling 0.04 per cent as of 16:15. Brent crude oil futures hit a new high since October 3, 2018 in early trading, fluctuating slightly and rising slightly.

By the end of the day, metals were down, with only Shanghai lead and tin. Shanghai tin rose 0.29% and Shanghai lead rose 0.45%.

View the spot historical price of SMM metal

Basic metals, Shanghai copper fell 1.81%, Shanghai zinc fell 1.47%, Shanghai nickel fell 0.88%, and Shanghai aluminum fell 0.49%.

Shanghai lead has a strong sense of jumping in intraday trading. In terms of inventory, according to SMM research, as of January 17, the total inventory of SMM lead ingots in the five places reached 90500 tons, down 1600 tons from last Friday and 1200 tons from Monday.

"View the SMM lead industry chain database

After hitting a new high in the last trading day, Shanghai Nickel fell back today, the intraday operation was lukewarm and closed down smoothly. According to SMM research, the current spot market turnover is gradually light, market purchasing sentiment weakens, spot rising water decline, today Jinchuan nickel market spot quotation rising water 4000-4500 yuan / ton, rising water average price down 400 yuan / ton, Russian nickel spot rising water to 2202 contract quoted rising water 1600-1700 yuan / ton, rising water down 150 yuan / ton.

"View the price of SMM nickel products

Black series, iron ore down 2.35%, thread 2.04%, hot rolling 1.98%, stainless steel 0.74%. Coke recorded the largest decline, closing down 5.86%, followed by coking coal, down more than 4%.

The thread fell for the second day in a row after rising for eight consecutive days. According to SMM analysis, the snail was relatively strong last week, and spot prices rose slightly in some areas. At the beginning of the week, the third round of coke rose to the ground, and the environmental protection warning in some parts of the north was lifted, the demand for coke from downstream steel mills increased significantly, the market was generally optimistic about the fourth round of rise, iron ore due to heavy rains in Brazil, triggered market concerns about iron ore supply, raw materials were strongly pulled up, cost support was strong, spirals rose, and spot stocks rose slightly.

"low inventory and output & rising raw material prices and stronger support at the bottom of finished wood prices [SMM thread cycle carding]

The performance of coal is outstanding today, thermal coal achieved the largest increase in non-ferrous coal, coke, coking coal ranked first and second in the largest decline in non-ferrous coal.

Coke fell for the third day in a row, SMM analysis, at present, because the arrival of coke is poor, the replenishment of coke by steel mills is still continuing, coupled with the shortage of coking coal supply, rising coking coal prices, the production cost of coking enterprises has increased, and the mentality of coking enterprises is optimistic. The possibility of landing in the fourth round is very large.

"Coke delivery is poor and steel mills continue to replenish the stock [in-depth analysis of SMM coke market]

During the inner market, LME futures market rose generally, after the end of the Asian market, the operation has a weakening trend. As of about 15:45, only Lenny is green.

As of 15:47, the metal futures market:

"Click to view the real-time futures market.

SMM Daily Review

International copper BC: today BC copper contract 2203 overall price change is weak, the opening price slightly jumped up after the shock down, both short and long forces are weak, bears slightly better, down to a low of 62210 yuan / ton in the afternoon, slightly higher after the opening of the afternoon down again, as low as 62200 yuan / ton before testing, but the price was stopped at the current level, opened slowly up, up to 62530 yuan / ton, and finally closed at 62480 yuan / ton. The decline was 2.25%, down 1440 yuan / ton, and the daily position was reduced by 124.The main performance was as follows.

Futures trading sentiment cooled BC Copper performed smoothly during the day [brief Review of SMM International Copper BC]

"View the price of SMM copper products

Alumina: the production stability of alumina in the north is still affected by weather, environmental protection, epidemic situation and other factors, the expectation of production reduction at the supply side is constantly strengthened, the market shows concern about supply shortage, and the purchasing mood in the market is significantly improved today. there are a number of transactions in the southwest, the focus of transaction is gradually closer to 2850 yuan / ton, and the focus of transaction in the northern region is closer to 2980-3000 yuan / ton. Today, the SMM regional weighted index is 2899 yuan / ton, up 37 yuan / ton from last Friday; Shandong region is at 2900-3000 yuan / ton, up from last Friday.

The purchasing mood in the market improved significantly today, the price of alumina rose sharply [SMM Daily Review]

Recycled aluminum: aluminum prices continue to decline today, SMM A00 aluminum prices fell 90 yuan / ton to 21080 yuan / ton compared with last Friday, recycled aluminum prices remain stable. In terms of domestic prices, the quotations of large domestic recycled aluminum enterprises are unchanged at 20900-21100 yuan / ton; for small and medium-sized plants, the quotations remain unchanged at around 20100-20300 yuan / ton. In terms of import and export, recently.

Aluminum price weakens slightly and recycled aluminum price remains stable [ADC12 Price Daily Review]

"View the price of SMM aluminum products

"View the price of SMM lead products

"View the price of SMM zinc products

"View the price of SMM tin products

"View the price of SMM stainless steel products

The stock market closed

The afternoon index remained high. On the disk, the digital currency plate fluctuated and strengthened in the afternoon, while the domestic software plate continued to strengthen in the afternoon. There are not many hot spots in the new market in the afternoon, and the relevant sectors of the digital economy continue to lead the rise. There are more than 150 stocks in the two markets that are up more than 10%, and the short-term mood is more exuberant. On the whole, individual stocks rose more and fell less today, with more than 3200 stocks rising. Today's turnover on the Shanghai and Shenzhen stock markets is 1.1197 trillion, 12.7 billion higher than that of the previous trading day.

On the disk, novel coronavirus treatment, digital currency, domestic software, virtual digital human and other plates rose in the forefront. Novel coronavirus testing, medical devices, phosphorus chemicals, ports and other plates led the decline.

By the close, the Prev index was up 0.58%, the Shenzhen Composite Index was up 1.51%, and the gem index was up 1.63%. Northbound funds have a net inflow of 1.707 billion yuan throughout the day, of which Shanghai stocks have a net outflow of 323 million and Shenzhen stocks have a net inflow of 1.383 billion.

Today, the coal industry sector rose, and the sector index rose 1.2%. In terms of individual stocks, Shanxi controls the daily limit of the coal industry, and most of them are popular, such as Mountain Coal International, Pingquan Coal shares, Xinji Energy and so on.

Today, the small metal sector rose on the second day, with the sector index up 1.12%. In terms of individual stocks, Jixiang shares, Yunhai metals, research new materials, platinum new materials and so on have become popular one after another.

The three major A-share indexes all closed higher. The digital economy-related sectors strongly led the rise in phosphorus chemicals, ports and other sectors leading the decline [stock market closing].

[SMM Today's News] Metallic Coke is down nearly 5% | spot market performance summary