SMM6, March 27: as of press time, nonferrous metal rose and fell in the morning, Shanghai nickel rose nearly 1%, Shanghai tin, Shanghai nickel, Shanghai lead all fell nearly 0.5%, Shanghai aluminum rose slightly, Shanghai copper fell 0.4%. Black is up, iron ore is up nearly 4%, thread is up more than 2%, hot coil is up more than 1.5%, coking coal is up more than 1%, coke is up nearly 0.5%.
Shanghai Aluminum rose 13945 yuan overnight before falling back to close at 13880 yuan, down 0.22% after the closing of the LME aluminum three-month contract market, rising to $1838 in the evening before falling back to close at $1814, up 0.06%. Overnight, non-ferrous metals were generally pushed up and down under the influence of the US president's remarks on trade frictions, and later paid attention to the specific situation of Sino-US negotiations. On the domestic side, the aluminum market maintained to go to the warehouse, but the decline narrowed, and the aluminum bar inventory began to accumulate again. After the market entered the off-season, the output of the stock for many weeks was weaker than in previous years. The current alumina price must be loose and a certain drag on the cost of aluminum price. At the same time, the production of electrolytic aluminum production line in the later period will deepen the pressure on the supply of aluminum market. Overnight, Len Zinc weakened to close at $2500.5 a tonne, down $33.50, or-1.32 per cent. Shanghai zinc main force 1908 shock weak, closed at 19940 yuan / ton, down 145 yuan / ton, or-0.72%. Spot, according to SMM, Guangdong 0 # zinc mainstream transaction in 2010 20270 yuan / ton, Shanghai zinc 1908 contract water 200210210yuan / ton, refinery normal shipment, market supply circulation is more abundant. The early quotation of the holder focused on the flat water of the contract of the current month to about 10 yuan / ton, but the willingness of the market to receive the goods was not boosted, entering the second trading period, the quotation of the holder mostly focused on the increase of 200 yuan to 210 yuan / ton of 08 contract, and the market transaction was slightly improved. More enterprises are mainly engaged in settlement, the willingness to receive goods is not good, and the willingness to receive goods in the market is relatively limited. Overall, but the market atmosphere to boost Shanghai zinc, Shanghai zinc is expected to have a strong shock within 1908 days, operating range 19900 to 20300. Focus on the impact of the G20 summit on zinc prices.
The rise in oil prices this month is a sign that attention has shifted from concerns about slowing global economic growth and trade conflicts between China and the United States, which has weighed on the oil market in recent months. The latest focus on supply surprised some investors who had been betting that oil prices would continue to fall. Many investors bought positions and closed their positions, driving up prices.
Today's forecast:
Copper: data on the annual rate of profits of industrial companies above the size of China in May, as well as the euro zone economic sentiment index for June, are expected to continue to be positive for safe haven assets in the market, as pressure on copper prices increases. Shanghai copper last night overcast entity elongated under the shadow line, MACD energy red column contraction, the technical side of the negative signal. Spot as a result of entering the end of the month, the holder gradually eliminated the mood of a firm offer before, the willingness to cash out has been strengthened, today's quotation is still downward signs. Today, London copper 5980 6030 US dollars / ton, Shanghai copper 46800 47300 yuan / ton. Spot discount 10-60 yuan per ton
Aluminum: Shanghai and London aluminum plate yesterday to quickly digest the macro news, Shanghai aluminum above the four positions are still difficult to break through, the material runs in 13800 to 14100 yuan / ton, spot in Pingshui to rise 20 yuan / ton.
Lead: after the breakthrough of the lead platform is a normal callback, the future market needs to pay careful attention to the lower moving average support. Shanghai lead continues to run in the box, the short-term pressure of 16300 is still large, and the lead price in the future still maintains the view of interval fluctuation.
Zinc: every other day, zinc under pressure 40-day moving average, the current LME stocks continue to rise, the market for the increase in supply expectations again, while the macro news shift also prompted the basic metals down, the lower multiple EMA adhesion to provide some support, Geneva zinc or operating at $2475 to $2525 / ton. Overnight Shanghai zinc pressure 20-day EMA operation, the current consumer side has not significantly improved, below the 10-day EMA support strength, or in the range of 19700 to 20200 yuan / ton. Material 0 # domestic to 1907 contract 50-paste 10, Shuangyan sticker 10-liter water 30.
Tin: the resistance above Lunxi is expected to be near the 20-day moving average of $19100 / ton, and the lower support is located at the previous platform high of $18800 / ton. It is estimated that the lower support of Shanghai tin is located near the high point of 143500 yuan / ton of the previous platform, if it falls effectively, the next support is located near the integer gate of 143000 yuan / ton, and the upper resistance is located near 144300 yuan / ton of the middle rail of Brin channel. In the spot market, the tin center of gravity in Shanghai last night moved slightly, and the mainstream trading price is expected to remain at 142500 to 1445500 yuan / ton today.
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