April 18 SMM basic Metals spot Trading Day Review

SMM, April 18 / PRNewswire-Asianet /-

The main 1906 contract of Shanghai Copper opened at 49650 yuan / ton this morning. Shortly after the opening of the market, copper prices tried to explore higher, but after reaching 49670 yuan / ton, the copper price obviously showed a lack of power, and then the bulls continued to reduce their positions, and the copper price maintained a slow oscillatory downward trend. Until the end of the day to give up all last night's short jump, down 49480 yuan / ton, closing 49500 yuan / ton, down 40 yuan / ton, down 0.08%. The trading volume of the main 1906 contract increased by 92890 to 256000, and the position decreased by 1096 to 190000. Today, the 1905 contract reduced its position by 9098 hands to 171000 hands, while the Shanghai Copper Index fell 5424 hands to 540000 hands. Today, Shanghai Copper is at the top of the list of capital outflows from the non-ferrous sector, with a capital outflow of 95.88 million. Today, Shanghai copper main negative physical column elongated, KDJ index opening once again turned downward, European period of London copper down, Shanghai copper upward pressure is expected to increase in the evening. In the evening, waiting for the guidance of the outside market, test whether the main force of Shanghai copper can hold the position of 49500 yuan / ton.

Today, the spot price of electrolytic copper in Shanghai is 20 yuan / ton to 130yuan / ton, the transaction price of flat water copper is 49520 yuan / ton ~ 49590 yuan / ton, and the transaction price of copper is 49600 yuan / ton ~ 49680 yuan / ton. The concussion pattern of copper in Shanghai has remained unchanged, and the spot offer of the holder in the morning continued yesterday. The price of flat copper rose by 30 to 40 yuan per ton, and the price of good copper rose by 130 to 140 yuan per ton. Due to the lack of response, the transaction is still deadlocked. In the twinkling of an eye, it dropped to a range of 100 yuan to 120 yuan per ton of copper rising water, and flat water copper reported that the transaction of rising water 20 had improved. In the second trading session, the source of low-price goods was once again favored by speculators, and the holder made a persistent offer. The price of flat water copper rose by 30 yuan per ton, and it was difficult to find a low price source. Good copper remained stable in the range of 120 to 130 yuan per ton of water. Wet copper to maintain yesterday's quotation discount 60 ~ discount 40 yuan / ton, downstream factories to maintain rigid demand. Today's overall transaction is not as good as yesterday, the market stalemate highlights, both supply and demand are still sawing. Watch out for the gradual outflow of delivery warehouse orders, which has a certain drag on the strength of spot water. In the afternoon, the market price is stable, the flat water copper quotation is stable, the good copper has the trader to adjust the rise water stimulation to receive the goods slightly. In the afternoon, flat water copper water 30-liter water 40 yuan / ton, good copper water 90-liter water 120 yuan / ton, transaction price in the range of 49490 yuan / ton-49640 yuan / ton.

Aluminum: Lun Aluminum opened at US $1852 / ton in the morning. The volatility of the Asian trading session was weak. It fell under pressure all the way from the high of US $1858.5 / ton at the beginning of the day to US $1844.5 / ton. By the time the European trading session hit bottom, it gradually returned to rise. Back to the $1855 line, as of 17:27 Beijing time, the market price was at $1850.5 / ton, which has not yet repaired all the losses in the Asian market, down $2 / ton from the previous day. The green line of the MACD line is shortened, and the opening of the third line of the KDJ is to the right, in the range of 0 to 20. Us economic activity grew moderately to moderately from March to early April, and even strengthened in some areas, according to the Federal Reserve's economic brown book. The dollar rose sharply in the afternoon, hitting as high as 97.333. The dollar rose strongly, with a limited rebound and is expected to fluctuate around $1850 in the evening.

Shanghai Aluminum main contract 1906 contract opened at 14030 yuan / ton in the morning, opening short twice tried high pressure, only to be more strong bulls, as of the close of the morning prices unilaterally closed at 14080 yuan / ton, most of the increase came from bulls to increase positions to support; In the afternoon, the short position entered the market again, the market level rose to 14110 yuan / ton, and the long end of the day left the market one after another, and finally closed at 14055 yuan / ton, an increase of 65 yuan / ton, or 0.46%, over the previous day. The red line of MACD line is elongated, and the opening of the third line of KDJ is up. The main force of Shanghai Aluminum increased by 39364 to about 273000, the corresponding 1905 contract position decreased by 32174 to about 160000, and the Shanghai Aluminum Index increased its position by 17580 to about 672000, second only to the Shanghai Ni Index. The increase came mainly from long entrances to contracts from 1906 to 1910. Today, according to SMM, the national aluminum ingot inventory fell by 49000 tons to 1.587 million tons per week, and the Guangdong aluminum bar inventory has also fallen by 11000 tons in recent days. The recovery in consumption is in line with expectations, but the rebound in aluminum prices is likely to be limited by the resumption of production capacity shut down last year. The price of aluminum is expected to fluctuate strongly in the range of 14000 to 14100 yuan tonight.

Aluminum before noon the first trading range concussion upward, the second trading phase to maintain high range volatility. The trading price in Shanghai began to concentrate between 14010 and 14030 yuan / ton, and with the rise of aluminum in the early stage, the spot price began to concentrate between 14020 and 14040 yuan per ton, and near 10 ~ flat water in that month, an increase of nearly 70 yuan per ton over yesterday, and the Wuxi transaction price was between 14020 and 14040 yuan per ton. The transaction price in Hangzhou is around 14040 to 14050 yuan per ton. As a result of the high price, the holder shipment is very active, the market supply is very sufficient, but after 11:00, the transaction activity decreased slightly earlier, the overall trading is positive. Downstream as a result of several consecutive days of sharp rise in prices, the enthusiasm for receiving goods is not high, fear of high sentiment is obvious, still performance wait and see. East China as a whole has a good deal today. Afternoon aluminum to maintain a high range shock, afternoon market transactions light, a small number of transactions concentrated in the vicinity of 14040 yuan / ton, the month near the flat water, there is little dynamic downstream.

Lead: within a day, Lun lead was opened at US $1938.5 per tonne. In the Asian session, Lun lead basically revolved around the daily average. In the European session, the concussion amplitude of Lun lead was relaxed to US $15 / ton, as of 16 / 09. the temporary collection of Lun lead was US $1933.5 / ton. It fell $6.50 a tonne, or 0.34 per cent. Lun lead temporarily closed the Xiao Yin line to maintain the trend of consolidation along the 5-day moving average, the continued slow decline of LME lead stocks does not seem to have a boost to Lun lead, if the US index is maintained above 97 at night, Lun lead may be under pressure to continue the weak shock.

Within days, Shanghai lead main 1905 contract opened at 16390 yuan / ton, Shanghai lead all day below the daily average 16390 yuan / ton first line shock, during the low hit 16340 yuan / ton, finally closed at 16365 yuan / ton, down 100 yuan / ton, down 0.61%. Position increased by 162 to 53416. Shanghai lead closed in the negative line, under pressure at 16500 yuan / ton platform consolidation, and the 5-day EMA downward trend slowed down, at the same time, the outer plate lead in the case of low inventory is also in the low consolidation stage, is expected to have a substantial boost to Shanghai lead, in addition, Taking into account the current supply and demand of lead fundamentals of the actual situation, it is expected that Shanghai lead will continue to maintain a low range of volatility in the near future.

Guangdong market Nanhua lead 16550 yuan / ton, the average price of SMM1# lead water 50 yuan / ton quotation; lead price operation into the concussion city, downstream rigid demand procurement, holding refineries mainly long single transaction, bulk single market trading is light. Henan Yuguang, Jinli, Wanyang to long single transaction, Minshan 16450 yuan / ton, SMM1# lead price discount 50 yuan / ton; lead price shock consolidation, some large refineries to long single, bulk order shipping mood is not high. Other areas such as: Hunan Shuikoushan 16560 yuan / ton, the average price of SMM1# lead 60 yuan / ton (traders supply); river copper 16600 yuan / ton, the average price of SMM1# lead 16560 yuan / ton quoted price. Refinery price sentiment is higher, the market circulation of scattered orders is less, refineries to long single transactions, the overall market trading is relatively light.

In Shanghai market, 16535 yuan / ton of southern lead, 80 yuan / ton of water per ton of 1905 contract, 16505 yuan / ton of double Yan lead, 50 yuan / ton of 1905 contract. Jiangsu and Zhejiang market copper crown 16475 to 16505 yuan / ton, 1905 contract water 20 to 50 yuan / ton quotation (low price is to send white goods). The futures shock is weak, at the same time, with the supply of goods flowing into the market, the market quotation increases, some holders slightly downgrade the rising water, while the consumption of the battery market is light, some enterprises may consider reducing the operating rate, and the purchase is only on demand. Transactions in the bulk market continued to be weak.

Zinc: Geneva zinc opened at US $2814 per tonne. At the beginning of the day, the daily average of zinc under pressure fell to US $2790 per ton, but the 40-day EMA showed signs of suppression. After a small consolidation of zinc, it went down again, and the center of gravity moved down to US $2775 per ton. Subsequently, Len Zinc temporarily returned to the 20-day moving average of US $2789 per ton, and at the right time, the US Index rose in a straight line, while Len Zinc plummeted to US $2760 per tonne. After entering the European trading session, LME zinc stocks recorded another increase. Accelerated to push Len Zinc plummeting, down $2751 a tonne, down 1.97 per cent at $2755, or 1.97 per cent, to close at $2755, down $5.50, or 1.97 per cent, to close at $5.50, or 1.97 per cent. Geneva zinc received a big negative column, jumped off the 40-day moving average, below the 60-day moving average and Brin Road lower track support. LME zinc stocks recorded an increase of 7225 tons, leading to renewed pessimism yesterday as LME zinc stocks stopped rising. The superposition of the straight rally of the US index also dealt a blow to Len Zinc, which may continue to be weak at night near the lower track of Brin Road.

The main 1906 contract of Shanghai zinc opened at 21665 yuan / ton within a day. At the beginning of the day, the short position left the market to drive the Shanghai zinc upward, but it failed to stand firm. The short position attacked again. Shanghai zinc was under pressure and concussion all the way down, and the center of gravity of Shanghai zinc moved down to 21610 yuan / ton. Later, under the drag of the external plate, Shanghai zinc once again lowered 21490 yuan / ton, breaking through the 21500 yuan / ton integer gate support, and then the 60-day EMA support strength appeared, and the Shanghai zinc center of gravity moved up and down to 21550 yuan / ton. The concussion range does not exceed 50 yuan / ton. At the end of the day, it fell to 21535 yuan per ton, down 250 yuan per ton, or 1.15%. Trading volume increased by 15200 hands to 553000 hands, and position volume increased by 18200 hands to 287000 hands. Shanghai zinc recorded three consecutive yin within a day, and the lower shadow line was supported near the 60-day moving average. The disk has been down for three consecutive days, and the market is relatively strong in short selling. Shanghai Zinc 1906 and 1907 contracts have increased their positions by more than 26000 hands a day, superimposing the current market expectations that production on the supply side will recover from the end of April to May, but there has been no significant increase. As a result, Shanghai zinc is weak, and it is expected to run around the 60-day moving average at night.

Shanghai 0 # zinc mainstream transaction is 21920 to 21970 yuan / ton, Shuangyan transaction is 22100 to 22170 yuan / ton, 0 # ordinary to May rising water is 100 to 130 yuan / ton, Shuangyan reported rising water is 300 yuan / ton, the market is out of stock. 1 # mainstream transaction at 21830 to 21880 yuan per ton. After the outflow of warehouse receipts, the proportion of warehouse receipts in Shanghai stock market is not much, the shipment of smelter is still under control, the enthusiasm of receiving goods in the market is enhanced, the participation of traders and downstream is significantly increased, and the spot water rise is gradually higher under the action of demand. The quotation in the morning market was gradually raised from about 100 yuan / ton to about 120 yuan / ton of rising water, and the transaction price followed the increase, but the transaction at high prices is still relatively weak. Some of the long order transactions are dominated by the average price of SMM net, and the downward transactions are less. In addition, a small amount of water is reported to be about 90 yuan / ton Hongye, copper crown circulation. Entering the second trading period, the enthusiasm of receiving goods in the market has not diminished, the activity of purchasing downstream has not cooled, the market quotation has been further adjusted to 130 yuan / ton, the transaction has moved up, and the import transaction has improved synchronously within the day. Among them, the import of Spain narrowed the domestic price gap to 70-50 yuan / ton discount, highlighting the enthusiasm of intra-day and downstream procurement, the overall transaction within the day is better, and the transaction volume increased compared with yesterday.

Guangdong 0 # zinc mainstream transaction at 21780 21840 yuan / ton, Guangdong market than Shanghai market from 100 yuan / ton discount yesterday to 140 yuan / ton discount. The rising water of Shanghai Zinc 1905 contract is around 190 yuan / ton, which is basically the same as yesterday. Refineries on the low slightly cherished sales, early in the morning, downstream yesterday to make up for the warehouse, superimposed fear of falling mentality is heavier, buying mood is not high, market trading is mainly long single, to Shanghai zinc 1905 contract near the flat water and the average price of more transactions. In the second trading period, the market newspaper increased the water supply of the Shanghai Zinc 1906 contract by about 190 yuan per tonne. Under the change of the monthly difference, the mood of shipping in the market gradually weakened, but around 36000 tons of warehouse receipts in Guangdong, the enthusiasm for receiving goods downstream was not high either. The price is still relatively difficult, some holders wait and see for the time being, the overall volume today is only slightly better than yesterday. 0# Kirin, Cishan, Tiefeng, Mengzi mainstream transactions in the vicinity of 21780 21840 yuan / ton.

The mainstream transaction of 0 # zinc ingots in Tianjin market is 21890 to 23100 yuan / ton, and the mainstream of 0 # ordinary brand is sold at 21890 to 22000 yuan / ton. The water supply for 1905 contract is about 80,150 yuan / ton, which is about 20 yuan / ton higher than yesterday. Compared with the Shanghai stock market, the Tianjin market has changed from about 5 yuan / ton of rising water yesterday to around 5 yuan / ton of discount water. Refinery shipments are generally normal, market supply circulation is more abundant, due to three consecutive days of downward, the holder's willingness to push the price is stronger, although the high price Zijin brand is not much, but the holder is still high price, do not want to downgrade the discount. Market transactions are mainly low-priced sources of goods, yesterday Hongye laring and other brands trading situation is generally better, rising water yesterday on the basis of an increase of 20 yuan / ton. On the whole, the shipping attitude of the shipowners is positive, but the willingness to receive goods downstream is general, and the market is in a stronger mood of emptiness. Before, the downstream end of buying at low prices also held an inquiry and wait-and-see attitude, and the market mostly traded in low-priced brands such as Hongye and Chihong. The overall transaction situation is slightly better than the previous few days. 0 # Zijin, Hongye, Bailing, Qin Zinc, Chi Hong, etc., were sold at 21890 to 22000 yuan / ton, and 1 # Zijin, Chi Hong, Hongye, etc., were sold at 21840 to 21950 yuan / ton.

Tin: after the opening of the $20420 / ton electronic disk today, trading in the Asian session was light, generally maintaining a narrow consolidation near the opening price. In late Asian trading, Lunxi fell slightly to around $20390 a tonne. After the opening of European trading, all the way down, fell to US $20320 / ton after a small recovery. As of 17-30, the latest price was 20350 yuan / tonne, a negative line below all averages, and the strength of the dollar index today, coupled with a slight increase in Lensi inventories yesterday, put pressure on Lensi, which is expected to support around $20100 a tonne below Lensi. This evening, you can focus on the monthly rate of retail sales in the United States in March (%) and the total number of oil wells in the week of April 19 in the United States.

The main 1909 contract of Shanghai tin moved down again today. Spot market, the mainstream trading price in the morning is 146700 147400 yuan / ton, the overall trading atmosphere is light. Set Yunxi discount 1000 yuan / ton, ordinary cloud word sticker 1200 yuan / ton, small brand sticker 1600 yuan / ton.

Nickel: after closing at US $12905 per tonne today, Lennie fell sharply today. After a brief fluctuation at the US $12900 / tonne barrier at the beginning of the day, the decline began today and continued into the afternoon. In the European session, the dollar rose sharply, spurred by poor European economic data, and nickel continued to fall with nonferrous metals, bottoming out at $12630 a tonne, at $12680 a tonne as of 18-25. With the opening of the daily line technology KDJ downward, the green column of MACD becomes longer, and Lennie has completely lost its 60-day moving average and has fallen below the Brin track. In the evening, focus on whether Lennie can hold the line below $12500 per ton. At night, we should pay attention to the number of first-time jobless claims (10,000) in the week of April 13, and the month-on-month comparison of retail sales in the United States in March.

Shanghai nickel 1906 opened today at 100210 yuan / ton, early in the day, Shanghai nickel maintained yesterday's night trading trend, continued to fall, before noon at the 100000 gate narrow range shock. In the afternoon, short continued to increase positions, Shanghai nickel accelerated to fall, directly below the 60-day moving average, once bottomed out 98700 yuan / ton, below near 120 days moving average, closed at 98840 yuan / ton. Throughout the day, Shanghai nickel main contract 1906 closed at the Dayin line, leading the decline, compared with the previous day's trading settlement price fell 2470 yuan / ton, down 2.44%. Shanghai nickel index capital inflow of 541 million yuan, ranking first in non-ferrous metals, short complete control of the market. The trading volume of Shanghai Ni 1906 increased by 331000 hands to 1.13 million hands, and the position increased by 61000 hands to 294000 hands. The daily line technology KDJ opened downward, and the MACD green column became longer. In the evening, we will pay attention to whether Shanghai nickel can hold the 98000 yuan gate below.

SMM1# electrolytic nickel 101000 to 102200 yuan / ton. In the morning, Russian nickel is 900 yuan / ton higher than Wuxi 1905, and Jinchuan nickel is 2200 yuan / ton higher than Wuxi 1905 contract. The recent spot market Russian nickel supply is generally less, but today the market Russian nickel supply slightly improved, Russian nickel rose water slightly decreased. The disk began to fall sharply last night, today low concussion, boost downstream take goods enthusiasm, but only a few larger traders feedback transaction is good, other traders reflect general. Jinchuan Shengshui is higher, traders receive goods cautiously, downstream normal on demand. The ex-factory price in Jinchuan was 102200 yuan per ton, down 1000 yuan per ton from yesterday. The mainstream transaction is 100900 to 102200 yuan per ton. In the afternoon nickel prices fell sharply, Russian nickel water 800 900 downstream transactions are active, the whole day transactions are more differentiated, individual traders deal well. The mainstream transaction is 100500 to 102000 yuan / ton.