[SMM afternoon Review] Green manure Red and thin crude Oil is up nearly 1.7% in the non-ferrous market, hot rolling up 4%, iron ore down 2%, black system trend differentiation.

Published: Jun 24, 2019 11:49

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In the black system, the hot roll rose by nearly 4.2%, the thread by nearly 3%, coke by nearly 0.3%, coking coal by nearly 1%, and iron ore by nearly 2.1%. On the news side, it is reported that on June 22, members of the standing Committee of the Tangshan Municipal CPC Committee issued a "report on the air quality of the whole city," which said that from June 1 to 20, the Tangshan composite index was 6.821, rising 11.65 percent instead of falling, ranking first among 168 cities in the country. The specific reasons include unfavorable meteorological conditions, limited production and no reduction in production, and so on. The next step will be to increase the intensity of emission reduction and stop production. Since July, the performance evaluation of Class A iron and steel enterprises sintering machine (pellets), blast furnace, converter production limit of 20%; other steel enterprises limited production rate of not less than 50%. "[SMM News] Tangshan informs steel enterprises to stop production and limit thread production by more than 3 per cent

Last issue of crude oil rose nearly 1.7%, news, according to Xinhuanet reported on June 24, U. S. President Donald Trump threatened Iran 22, will be additional "big sanctions" next week, and he did not "give up" the military strike, just "postponed." According to US media reports, the United States launched a secret cyber war against Iran on the 20th. Trump also threw out "Hu Ruobu," saying that if Iraq agrees to reach a new agreement with the United States, it will have economic benefits, and he is willing to "make friends" with Iraq.

Spot today:

Lead: Guangdong market Nanhua lead 16050 yuan / ton, the average price of SMM1# lead flat water to liter water 50 yuan / ton; southern storage south 16075 to 16095 yuan / ton, 1907 contract water 30 50 yuan / ton; southern storage and Mongolia from 16030 yuan / ton, SMM1# lead average price 30 yuan / ton. Lead prices rose rapidly, but consumption has not improved, the purchase of enterprises to wait and see, the transaction is very light. Henan Yuguang and other smelters mainly to long single transaction; Jinli 15900 yuan / ton, the average price of SMM1# lead discount 100 yuan / ton quotation; Wanyang 15930 to 15950 yuan / ton, SMM1# lead price discount 50 to 70 yuan / ton quotation; refineries maintain discount shipment, downstream is still low procurement, market trading is bleak. Other areas such as: Jiang copper 16030 yuan / ton, the average price of SMM1# lead 30 yuan / ton. Refinery to long single transaction, bulk order shipping enthusiasm is not high, but the terminal consumption is relatively low, the market transaction is still light.

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