[SMM afternoon Review] Shanghai nickel fell 1.5%. The whole line of floating green coke of non-ferrous metals plummeted 4%. Crude oil continues to fall by the limit.

SMM6, March 3: the non-ferrous metals market is green this morning. By noon close, Shanghai nickel fell nearly 1.5%, Shanghai zinc fell 0.7%, Shanghai copper fell nearly 0.4%, Shanghai lead and Shanghai tin fell nearly 0.2%, Shanghai aluminum fell nearly 0.1%, and Shanghai nickel fell nearly 1.5%, Shanghai zinc fell 0.7%, Shanghai copper fell nearly 0.4%, Shanghai lead, Shanghai tin fell nearly 0.2%, Shanghai aluminum fell nearly 0.1%. Among them, in terms of zinc and spot, according to the SMM, Guangdong market, refineries ship normally. In the early morning, the replenishment warehouse is saturated in the early downstream, the fear of falling is strong, the enthusiasm for taking goods is obviously weakened, and the demand for superimposed long orders is not urgent. The overall enthusiasm for taking the goods was not good. In the early morning period, the holder did not raise the price. It was quoted around 280 yuan / ton for the Shanghai Zinc 1907 contract, but there was no obvious deal. Later, it was reported that the Shanghai Zinc 1907 contract increased by 26 yuan / ton. After the discount for the current month intensified, Some traders have some arbitrage space. A small amount of receiving goods, superimposed one-sided downward disk, downstream weekend a small number of reserves appear, the contribution of part of the transaction, the transaction is general, the overall transaction is flat.

In the black system, coke fell by nearly 4.1%, iron ore by nearly 2.9%, coking coal by nearly 1.5%, thread by nearly 1.1%, and hot coil by nearly 0.3%. On the news side, according to the State Coal Mine Safety Supervision Bureau, on 30 May, the State Coal Mine Safety Supervision Bureau held a special videoconference to train new technologies and equipment for coal mine water prevention and control, sum up the experience of coal mine water disaster prevention and control in recent years, and analyze the problems and situation. To arrange for the deployment, prevention and resolution of the risk of water hazards in coal mines and the safety of flood control and other key work. The meeting called for the comprehensive investigation of hidden dangers in the flood season, the promotion of the establishment of a system for suspending production and withdrawal of personnel from extreme weather, and the strengthening of emergency drills and duty duties. According to the Ministry of Statistics and Information of the China Coal Industry Association, from January to April 2019, the association directly reported that the raw coal production of large coal enterprises reached 830 million tons, down 2.058 million tons from the same period last year, down 0.2 percent. The total raw coal output of the top 10 enterprises is 540 million tons, accounting for 65.4 per cent of the raw coal output of large enterprises.

Crude oil futures continued to fall by the limit in early morning trading; on the news side, as the United States is a major importer of Mexican crude oil and a major exporter of fuel oil, it said that the increase would increase the purchase cost of US refineries and deal a heavy blow to the cross-border energy trade between the United States and Mexico.

Spot today:

Aluminum: the opening of the aluminum month to maintain the interval shock. The trading price in Shanghai is between 14150 and 14170 yuan / ton, which is about 10 yuan / ton lower than that on Friday. The spot price in Wuxi is between 14150 and 14170 yuan / ton, and the price in Hangzhou is between 14180 and 14200 yuan / ton. Today, the continuation of aluminum prices on Friday weak posture continued to fall, holders are still positive shipments, some traders are willing to receive goods at low prices, but the actual transaction is slightly deadlocked. As spot prices continue to decline, downstream manufacturers hold a wait-and-see attitude towards prices, Monday replenishment enthusiasm is not high. Today, the overall transaction in East China is average.

Zinc: the mainstream of 0 # zinc ingots in Tianjin market is sold at 20900-22370 yuan / ton, the mainstream of 0 # ordinary brand is sold at 20900-20960 yuan / ton, and the water supply of 1906 contract is about 0-60 yuan / ton. Compared with Shanghai stock market, Tianjin market changed from 10 yuan / ton discount on Friday to 50 yuan / ton water rise. The refinery shipment is normal, the market supply circulation is more abundant. In the morning, the holder quoted the ordinary brand price focused on the 06 contract flat water to rising water 20 yuan / ton, to Zijin and other high price brand supply quotation to 06 contract rising water 60 yuan / ton or so. As there are fewer Zijin brands in circulation on the market, Zijin and other high-priced brands ship smoothly, focusing on the 06 contract rising water of about 60 yuan / ton, but the trading atmosphere of Hongye Bailingche Hong and other brands is relatively desolate. The holder saw the trend to downgrade the water to 06 contract flat water to rising water 10 yuan / ton, after the price adjustment, there were some transactions in the market. On the whole, transactions in Tianjin today continued to be light, and the volume of transactions was basically flat compared with last Friday. 0 # Zijin, Hongye, lark, Chihong, Xiyan, etc., were sold at 20900 to 20960 yuan / ton, and 1 # Zijin, Chihong and Hongye were sold at 20850 to 20910 yuan / ton.

Tin: the center of gravity of the tin plate in Shanghai has moved down slightly today, with the latest price of 142800 yuan per ton. Spot market, the mainstream trading price of 142300 to 143500 yuan / ton this morning, due to the Shanghai tin plate down again, downstream enterprises wait-and-see mood increased, coupled with the early downstream enterprises have purchases, the trading atmosphere is weaker today. Set Yunxi liter water 200 to 500 yuan / ton, ordinary cloud character sticker 300 to 500 yuan / ton, small brand discount 500 to 700 yuan / ton.

< updating >

"[investment must see] Trade friction news flying all over the metal how to win in chaos?

"Click to enter the registration page

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business