Home / Metal News / Copper / [SMM afternoon Review] the whole line of non-ferrous metals floated green and black in the morning, showing a slight drop in weak crude oil.
[SMM afternoon Review] the whole line of non-ferrous metals floated green and black in the morning, showing a slight drop in weak crude oil.
Jun 17,2019 11:42CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM6 17-month news: today's non-ferrous metals market in the morning floating green, by noon close, Shanghai zinc fell nearly 0.9%, Shanghai aluminum fell nearly 0.8%, Shanghai copper fell nearly 0.7%, Shanghai tin fell nearly 0.2%, Shanghai nickel, Shanghai lead fell nearly 0.1%; among them, aluminum, according to SMM research, go to the warehouse to continue, this week's aluminum ingot inventory decreased by 30000 tons to 1.088 million tons compared with last Thursday. "[SMM data] go to the warehouse to continue the reduction of electrolytic aluminum stocks by 30000 tons

In the black system, coke dropped by nearly 2.2%, thread and iron ore by nearly 1.8%, hot coil by nearly 1.5%, and coking coal by nearly 0.6%. Shanxi and Shandong recently have more policies to limit environmental protection and production, and later pay attention to whether the operating rate of coke enterprises will continue to decline due to administrative interference; steel mills have a low profit and high yield but a strong willingness to crack down on coke prices, and the high level of port and warehouse suppresses the release of speculative demand.

Crude oil futures fell nearly 0.1 percent in the morning, according to Wenhua Financial News, after tensions escalated last week over the tanker attack, Secretary of State Pompeo said Sunday that the United States will take all necessary action to ensure the safety of important maritime routes in the Middle East.

Spot today:

Lead: Guangdong market Nanhua lead 16100 yuan / ton, the average price of SMM1# lead water 50 yuan / ton quotation; sands 16100 yuan / ton, 1907 contract water 50 yuan / ton; terminal consumption is low, storage enterprises only maintain rigid demand procurement. Henan Yuguang and other smelters mainly to long single transaction; Jinli, Wanyang 16000 yuan / ton, the average price of SMM1# lead discount 50 yuan / ton; lead price shows a low concussion trend, terminal consumption is low, the purchasing mood of storage enterprises is not high, market trading is poor. Other areas such as: Jiang copper 16080 yuan / ton, the average price of SMM1# lead 30 yuan / ton quoted price; Yunnan small enterprises 15750 to 15850 yuan / ton, SMM1# lead discount 300 yuan / ton to 200 yuan / ton. Lead prices continue to fluctuate, renewable lead refineries maintain discount delivery, downstream mainly to purchase recycled lead, electrolytic lead procurement mood is not high.

< updating >

 

Click to sign up for this summit

"Click to sign up for this summit

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

 

SMM reviews
exclusive reports
headlines recommended

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn