SMM6, April 4: today, the non-ferrous metals market is red and green. By noon, Shanghai copper closed up nearly 0.6%, Shanghai lead closed up nearly 0.4%, Shanghai zinc closed up nearly 0.3%, Shanghai aluminum closed flat, Shanghai tin closed down nearly 0.4%. Shanghai nickel closed down nearly 0.6%; Macroscopically, Powell hinted at the possibility of raising interest rates, the market atmosphere has improved, the dollar has weakened, and basic metals have been slightly supported. Nickel fundamentals, nickel prices yesterday to maintain a weak operation of the situation, the market pessimism has been released, electrolytic nickel spot transactions have improved. Downstream stainless steel, 200 series and 300 series price differentiation, 300 series prices continue to decline, and 200 series due to steel plant maintenance brought a certain boost.
In the black system, the thread closed up nearly 0.4%, the hot coil, coking coal and iron ore closed up nearly 0.3%, and the coke closed down nearly 0.1%. In terms of coke, the overall start-up of steel mills is high, and individual pre-production limited blast furnaces in Tangshan area resume normal production at the beginning of the month. Coke demand is better, and the median inventory is maintained. However, due to the poor performance of the steel market, there is a strong resistance to the fourth round of price increases.
Crude oil futures closed flat in the morning, according to foreign news on June 5, oil prices returned to decline on Wednesday, affected by the unexpected increase in crude oil stocks in the United States and the chief executive of Russian state oil company (Rosneft) questioned the significance of reaching a supply control agreement with OPEC.
Spot today:
Zinc: the mainstream of 0 # zinc ingots in Tianjin market is sold at 20700 to 22200 yuan / ton, the mainstream of 0 # ordinary brands is sold at 20700 to 20780 yuan / ton, and the water supply for 1906 contract is about 50 yuan / ton. Compared with the Shanghai stock market, the Tianjin market has narrowed down from 50 yuan / ton to 40 yuan / ton yesterday. Zinc prices temporarily stopped falling, refineries normal shipment, the market supply of goods is more abundant. The market rose slightly, and the holder's willingness to hold up the price remained in the morning. It was reported that the contract of 06 was flat to 70 yuan / ton, but the bearish mood in the lower reaches was strong and the willingness to receive the goods was not good, so it entered the second trading period. The holder takes the initiative to downgrade the rising water to the 06 contract flat water to the rising water 50 yuan / ton, the market transaction is still light, downstream mainly by inquiry and wait-and-see. Yesterday, zinc prices fell by a large extent, superimposed Dragon Boat Festival short holiday is just around the corner, the willingness to replenish warehouses on the lower reaches is stronger, zinc prices rose today, the willingness of the market to receive goods decreased significantly. Today, Tianjin market transactions are relatively light, the overall transaction volume has improved from yesterday. 0 # Zijin, Hongye, lark, Chi Hong, West Mine, etc., were sold at 20700 to 20780 yuan / ton, and 1 # Zijin, Chi Hong and Hongye were sold at 20650 to 20730 yuan / ton.
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