[SMM Express Review: the fundamentals have not returned to Shanghai Nickel or will remain volatile in five trading days.] Shanghai Nickel maintained its rising momentum last week and rose for the fifth consecutive trading day as of today. At around 14:20, it rose 1.93 per cent, or 9 per cent in five trading days. According to SMM analysis, last week Lun nickel prices fluctuated slightly in the range of $32400 / ton to $33300 / ton and liquidity has not improved, mainly due to the current …...

[SMM Daily Review: metal general rise only Shanghai tin, stainless steel closed down Shanghai nickel five consecutive gains] the inner plate metal rose generally, only Shanghai tin was green, down 0.3%. Shanghai nickel closed up 1.77%, Shanghai lead rose more than 1%, Shanghai zinc rose 0.82%, and Shanghai aluminum rose nearly 0.5%. Black series, stainless steel and hot-rolled green, stainless steel decreased by 1.76%, hot-rolled almost flat, decreased by 0.02%. Iron ore rose 0.88%, while thread rose 0.46%. In the coal system, only thermal coal rose slightly by 0.15%, coking coal fell by nearly 3%, and coke fell by 0.91%.

What are the highlights of the macro "transcript" in the first quarter? According to data released by the National Bureau of Statistics, gross domestic product (GDP) grew 4.8% in the first quarter of 2022 compared with the same period last year, up 1.3% from the fourth quarter of last year. Judging from the main economic indicators, the scale of investment in fixed assets has expanded and industrial production has maintained steady growth. However, under the influence of the epidemic and other factors, the overall consumption data is in a slow state, and the real estate sales area and amount still maintain negative growth compared with the same period last year. Industry insiders pointed out that China's economy as a whole remained stable in the first quarter.

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[national Bureau of Statistics: GDP in the first quarter grew 4.8% year-on-year and the national economy got off to a stable start] preliminary calculation shows that GDP in the first quarter is 27.0178 trillion yuan, an increase of 4.8% year-on-year at constant prices, and 1.3% higher than the fourth quarter of 2021. In terms of sub-industries, the added value of the primary industry was 1.0954 trillion yuan, up 6.0% over the same period last year; the added value of the secondary industry was 10.6187 trillion yuan, up 5.8%; and the added value of the tertiary industry was 15.3037 trillion yuan, up 4.0%.

[national Bureau of Statistics: in the first quarter of 2022, the per capita disposable income of residents increased by 5.1% in real terms.] in the first quarter, the per capita disposable income of residents across the country was 10345 yuan, an increase of 6.3% in nominal terms over the previous year, and 5.1% in real terms after deducting price factors. In terms of urban and rural areas, the per capita disposable income of urban residents was 13832 yuan, an increase of 5.4% (if not specified below, a nominal increase over the same period last year), an increase of 4.2% in real terms, while the per capita disposable income of rural residents was 5778 yuan, an increase of 7.0%. After deducting the price factor, the real growth was 6.3%.