SMM 14 November news: no surprise, after the collapse of international oil prices today domestic chemical futures suffered, SC crude oil fell limit sealing board one day, afternoon asphalt, fuel oil have hit the limit, PTA, methanol fell nearly 3%. In addition, the three major oils were particularly weak during the day, falling to a new low. The performance of the black system can be called a clear current, thermal coal, thread lead rebound, only the iron ore floating green. The colored all-day shock is weak.
In terms of capital flows today
During the day, the black system performance is particularly strong, attracting nearly 800 million capital inflows, ranking first in the plate. Although the state of chemical futures and oil is in the doldrums, funds prefer chemicals, with an inflow of nearly 400 million yuan, while the oil sector has an outflow of nearly 300 million yuan.
A brief comment by SMM analyst on Nov. 14
Copper: today, the main Shanghai copper market opened at 48980 yuan / ton. At the beginning of the day, the copper broad shock went down, and the Shanghai copper followed the shock down to 48850 yuan / ton, followed by a narrow amplitude consolidation along the 48910 yuan / ton line, during which the touch height of 49020 yuan / ton was blocked. In the afternoon, Lun Copper fell, and Shanghai Copper fell from 48910 yuan / ton to an intraday low of 48720 yuan / ton, barely holding the 48700 yuan / ton line. In late trading, copper prices were sorted out in a narrow range along the 48800 yuan / ton line, closing at 48820 yuan / ton, down 80 yuan / ton. Down 0.16%. The main force position increased by 2856 hands to 200000 hands, and the transaction increased by 28034 hands to 223000 hands. A total of 10192 positions were reduced in the current month and the next month, of which 7260 were reduced in the current month and 6864 in 1901-1904. The outflow of funds from the Shanghai copper index today totaled 101 million yuan, ranking first in the outflow of funds from the non-ferrous sector. Today, the main center of gravity of Shanghai Copper fell slightly, moving closer to Brin again, directly bearing pressure on the 5-day moving average, expanding KDJ opening, waiting for guidance from the outside market at night, paying attention to the situation of short positions increasing positions, and testing whether the main low position of Shanghai Copper can hold 48700 yuan / ton line at night.
Aluminum: Shanghai Aluminum main Company 1901 contract opened in the morning at 13780 yuan / ton, before noon basically take the interval shock path, the highest point reached 13790 yuan / ton, the low closed at 13760 yuan / ton, the price difference is not more than 30 yuan / ton. Due to the weak trend of wandering for a long time, Shanghai Aluminum began to walk out of the downward road in the afternoon. The concussion fell to the lowest level of 13715 yuan / ton in the day. At the end of the day, it closed at 13720 yuan / ton, down 50 yuan / ton, a drop of 0.36%. The trading volume decreased by 91240 hands to 130000 hands. Position increased by 1714 to 269000. Today, the day closed in the small shade line, Yin line solid column variable length center of gravity drooping, day KDJ line opening downward, fell below all averages. Important macro data released yesterday showed that the increase in new RMB loans and social financing in China in October fell by more than 50 percent from the previous month, affecting the confidence of market traders. The colored disk was green, red and thin, and the overall trend of aluminum today was weak. It is expected that there will be a significant recovery in the evening, and continue to pay attention to the changes of surrounding metals in the evening and the recent control measures introduced by some northern provinces and cities for air pollution in autumn and winter.
Lead: within a day, the Shanghai lead 1812 contract was opened at 18480 yuan / ton. Shanghai lead fluctuated around the daily average throughout the day. At the beginning of the day, Shanghai lead inertia rose, and once climbed to 18540 yuan / ton, followed by pressure on the 10-day moving average. The Shanghai lead shock fell back and stabilized at the 18390 yuan / ton line, during which an intraday low of 18360 yuan / ton was recorded, followed by an overall strengthening of non-ferrous metals and a pick-up of Shanghai lead homeopathic concussion, and then consolidated around the 18460 yuan / ton platform, near the end of trading. Some of the short-term chose to profit from the market, Shanghai lead shock platform moved to 18485 yuan / ton, finally closed at 18505 yuan / ton, up 10 yuan / ton, an increase of 0.05%, and the position was reduced by 3208 hands to 39492 hands. In addition, the main contract was transferred to the 1901 contract. Within days, the Shanghai lead main 1809 contract was opened at 18035 yuan / ton. At the beginning of the day, Shanghai lead continued the upward trend of concussion, followed by pressure on the 5-day moving average, Shanghai lead concussion fell back and was supported at the 40-day moving average, near noon. Market bullish sentiment increased, Shanghai lead rose above the daily average and consolidated around 18015 yuan / ton, near the close, more short, Shanghai lead concussion upward again, and once hit an intraday high of 18105 yuan / ton, and finally closed at 18080 yuan / ton. It rose 65 yuan per ton, or 0.36 percent, and its position rose 1926 hands to 44528. Shanghai lead close Zhongyang line, continue around the 18000 yuan customs consolidation trend, and the trend of the EMA is flat, it is expected that the Shanghai lead or maintain the concussion trend at night.
Zinc: the main 1901 contract of Shanghai zinc opened at 20980 yuan / ton, which went down slightly at the beginning of the day, with a narrow range of concussion around 20950 yuan / ton, and then multiple hair force, Shanghai zinc shot up in a straight line, and after jumping onto the daily moving average, the short positions attacked, although Shanghai zinc failed to stand firm in its attempt to ascend. After recording a high level of 21135 yuan / ton, the shock went down, and at the integer level of 21000 yuan / ton, Shanghai zinc tried to go up again in the afternoon, but the pressure on the daily average above was strong and failed to break through, and then the short position made another effort. Shanghai zinc fell in a straight line to explore the low 20680 yuan / ton, the center of gravity rose slightly, around 20750 yuan / ton shock. It closed up 20765 yuan per ton, down 1.17 percent from the previous day, with trading volume up 19.7 hands to 822000 hands and positions up 8408 hands to 224000 hands. During the day, Shanghai zinc suffered short pressure, fast downward exploration of the 60-day moving average, the upper multiple averages constitute a suppression, Shanghai zinc upward repair slightly resistance, at night to observe whether Shanghai zinc to hold the 60-day moving average support position.
Nickel: Shanghai nickel 1901 opened at 94070 yuan / ton today. At the beginning of the day, supported by the weakness of the US dollar, short positions reduced, Shanghai nickel concussion upward, touch high 94490 yuan / ton, above the pressure 94500 yuan / ton gate, bulls lack of confidence, profit-taking. In the afternoon, supported by the strength of the US dollar, short positions increased, Shanghai nickel shock down, wiped out all the gains before, fell below the 94000 yuan / ton mark, the bottom of 93730 yuan / ton. Near the close, both sides reduced their positions and left the market, and the pressure above Shanghai nickel fluctuated in a narrow range of 94000 yuan / ton, closing at 93920 yuan / ton. Throughout the day, Shanghai nickel main contract 1901 closed at the Xiaoyin line, compared with the previous day's trading settlement price fell 950 yuan / ton, down 1%. Trading volume increased by 191000 hands to 689000 hands, and position volume increased by 13000 hands to 331000 hands. The daily line technology KDJ opening down, the MACD green column becomes longer. Shanghai nickel at night or continue to bear pressure above the 94000 yuan / ton gate, weak operation. In the evening, we should pay attention to the week-on-week comparison of the MBA mortgage application activity index in the week of November 9, the October CPI month-on-month ratio in the United States, and Federal Reserve Governor Quarles' semi-annual testimony before the House Financial Services Committee.
Tin: the center of gravity of the Shanghai Tin 1901 contract fell slightly last night, opening 150960 yuan / ton today. The trend fluctuated and rose within the day, especially when it was boosted by the news that Gejiu self-supporting Mining and Metallurgical Co., Ltd. was about to stop production and overhaul part of the furnace for 30 days, reaching a maximum of 152440 yuan per ton. The final close was 152040 yuan per ton, up 520 yuan per ton from the previous day. The number of transactions was 38670, and the number of positions increased by 40142 over the previous day. Most of the metals closed down in Shanghai today, and the trend of tin in Shanghai remained strong, continuing to pay attention to the guidance brought about by the tightening of the supply side to the tin market, with an upper resistance of 153000 yuan per ton.