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[SMM afternoon Review] Nonferrous Metal rose, Shanghai Tin rose 2 per cent, iron ore fell 1.72 per cent
Jul 4,2019 12:17CST
translation
Source:SMM
By noon, Shanghai zinc and lead fell slightly, Shanghai aluminum rose 0.88%, Shanghai copper rose 0.22%, Shanghai tin rose 2%, Shanghai nickel rose 0.34%, black iron ore fell 1.72%, thread fell 0.25%, coking coal fell 1%, hot roll fell 0.28%, coke rose 0.66%.
The content below was translated by Tencent automatically for reference.

SMM7 4-month news: most of the non-ferrous metals market rose this morning, by the end of the afternoon, Shanghai zinc, Shanghai lead fell slightly, Shanghai aluminum rose 0.88%, Shanghai copper rose 0.22%, Shanghai tin rose 2%, Shanghai nickel rose 0.34%; Shanghai nickel closed at 97540 yuan, up 0.03%. (LME) base metals on the London Metal Exchange were mixed on Thursday, falling after rising early in the day as the dollar fell on expectations that the Fed would cut interest rates this month for the first time in a decade after a number of data showed that US economic growth was slowing. LME copper for three-month delivery was flat at $5918 a tonne. LME three-month aluminium rose $4, or 0.22%, to $1794 a tonne. In London, nickel for three months fell $60, or 0.49 per cent, to $12290 a tonne; zinc for three months rose $1, or 0.04 per cent, to $2450 a tonne; and tin for three months fell $105, or 0.57 per cent, to $18205 a tonne. A number of data released on Wednesday were weak.

In the black system, iron ore fell by 1.72%, thread by 0.25%, coking coal by 1%, hot coil by 0.28%, and coke by 0.66%.

Crude oil and gasoline stocks fell less than expected last week, but distillate stocks unexpectedly increased, according to data released Wednesday by the US Energy Information Administration (EIA). Brent / WTI crude widened 32 cents to $6.38 a barrel, after hitting $5.91 and $6.56 at one point.

Spot today:

Aluminum: East China aluminum, aluminum in the middle of the month to maintain a range of shocks. The transaction price between Wuxi and Shanghai was between 13740 and 13760 yuan / ton, up 10 to 20 yuan / ton for the current month, about 90 yuan / ton from yesterday, and between 13790 and 13800 yuan / ton in Hangzhou. The trading price in Shanghai and Wuxi was between 13740 and 13760 yuan / ton, up 10 to 20 yuan / ton, about 90 yuan / ton from yesterday, and between 13790 and 13800 yuan / ton in Hangzhou. Today, aluminum prices rose sharply, with some of the holders holding low prices yesterday to start with the supply of goods. Today, they are actively shipping, middlemen and traders are actively reloading goods, and there is also a purchase volume of nearly 8,000 tons in a large market. Downstream fear of high, today's performance on the sidelines, the overall willingness to purchase is not high, the receipt of goods is flat. The transaction in East China today is slightly better than that of yesterday. South China Aluminum, aluminum shock in the early afternoon, Guangdong spot transaction prices in the morning concentrated in 13810 to 13820 yuan / ton, and then aluminum futures prices rose slightly, the transaction price fell to 13810 to 13800 yuan / ton, Guangdong-Shanghai price spread slightly reduced to 60 yuan / ton. Today, trading between traders is more active, but downstream fear of high sentiment has risen again, more wait-and-see or only on-demand procurement. Overall, Guangdong trading today is slightly better than yesterday. Other areas, Guangdong market Nanhua lead 16050 yuan / ton, the average price of SMM1# lead to 50 yuan / ton; southern gold sand 16125 yuan / ton, 1907 contract water 100 yuan / ton; 16075 16085 yuan / ton, 1907 contract water 50 to 60 yuan / ton; lead price returned to the vicinity of 10, 000, some storage enterprises to rigid demand procurement, the market transaction has improved slightly. Henan Yuguang and other smelters mainly to long single transaction; Wanyang, Jinli 15950 yuan / ton, the average price of SMM1# lead discount 50 yuan / ton quotation; refineries maintain discount shipment, downstream purchase on demand, the market transaction is general.

Lead: Guangdong market Nanhua lead 16050 yuan / ton, the average price of SMM1# lead flat water to liter water 50 yuan / ton quotation; southern gold sand 16125 yuan / ton, 1907 contract water 100 yuan / ton; 16075 16085 yuan / ton, 1907 contract water 50 to 60 yuan / ton; lead price returned to around 10, 000, some storage enterprises to rigid demand procurement, the market transaction has improved slightly. Henan Yuguang and other smelters mainly to long single transaction; Wanyang, Jinli 15950 yuan / ton, the average price of SMM1# lead discount 50 yuan / ton quotation; refineries maintain discount shipment, downstream purchase on demand, the market transaction is general. Other areas such as: Jiang Copper 16020 yuan / ton, the average price of SMM1# lead 20 yuan / ton quotation; Yunnan small plant lead 15700 to 15750 yuan / ton, SMM1# lead average price discount 250 to 300 yuan / ton; refineries to long single transaction, bulk order shipping enthusiasm is not high, but the terminal consumption is relatively low, the market transaction is still light. Today, the mainstream quotation for reduced lead in China is 14300 to 14500 yuan / ton. Shanghai lead runs above Wanliu, with the heat of the weather, the battery replacement frequency has improved, the anti-falling performance of waste battery has declined slightly, but the reductive lead refinery is still difficult to make profit, superimposed by-product profit, barely protect capital; the trading of recycled refined lead market has not improved.

Zinc: Shanghai 0 # zinc mainstream transaction 19860 19900 yuan / ton, Shuangyan, Chihong transactions in 19880 19930 yuan / ton, 0 # ordinary July flat water-rising water 10 yuan / ton; Shuangyan, Qihong reported rising water 20 to 40 yuan / ton. 1 # the mainstream transaction was between 19760 and 19800 yuan per ton. The center of gravity of Shanghai Zinc 1907 contract moved up slightly, closing at 19865 yuan / ton in the morning market. Zinc plate stable operation, market supply and demand tends to balance, early market leader single transaction dominated the market, the quotation remained stable yesterday focused on the rising water 10 yuan / ton, or based on the net average price as the benchmark, the handover parties save 10 yuan / ton differences, early market transactions focused on flat water or net average price. The second trading period, the quotation is stable, the market is mainly shipping, the willingness to receive goods is not strong, consumption off-season downstream lack of active procurement willingness, the overall market trading atmosphere is weak, the transaction is not much different from yesterday. Tianjin market 0 # zinc ingot mainstream transaction in 19860 20970 yuan / ton, 0 # ordinary brand mainstream transaction in 19860 19960 yuan / ton, 1907 contract water 0 80 yuan / ton, Tianjin market than Shanghai stock market rose 40 yuan / ton yesterday to 30 yuan / ton. Refineries are shipped by normal households, and there is an abundant supply of goods in the market. The early quotation of the holder focused on the 07 contract rising water near 100 yuan / ton, but due to the recent market transactions are relatively cold, superimposed Zijin source circulation more, some holders took the lead in lowering Zijin price to 07 contract rising water 50 to 80 yuan / ton, in order to stimulate market transactions, follow-up transactions slightly improved, the overall trading atmosphere is relatively light, the transaction situation is basically the same as yesterday. 0 # Zijin, Hongye, Bailing, Chihong, Xiyan, etc., were sold in 19860-19960 yuan / ton, and 1 # Zijin, Chihong, Hongye, etc., were sold in 19810-19910 yuan / ton. Guangdong 0 # zinc mainstream trading in 1980-19870 yuan / ton, Shanghai zinc 1908 contract rising water 180-190 yuan / ton, Guangdong market than Shanghai market discount 30 yuan / ton yesterday expanded to 50 yuan / ton discount. Refinery shipment is normal, the market supply of goods is abundant. The early quotation of the holder focused on the rising water of 180 yuan / ton for 08 contract, and the market transaction was mostly concentrated around 180 yuan / ton for 08 contract. The overall transaction atmosphere was relatively flat, and the transaction situation turned worse again than yesterday. The main reason was that the downstream orders became weaker, and some of the follow-up consumption was overdrawn when the price fell in the early stage. 0# Kirin, Cishan, Tiefeng, Mengzi mainstream transactions in 19800-19870 yuan / ton.

Nickel: Russia and nickel than Shanghai nickel 1908 discount 400-300 yuan / ton. Jinchuan nickel than Shanghai nickel 1908 contract generally reported a rise of 2500 to 2700 yuan / ton, early trading hours, the price around 98200 yuan / ton volatility, due to the first half of the week trading improved, today's nickel price rose to curb downstream purchasing sentiment, early trading hours trading light. Due to the tight supply of nickel in Jinchuan, the quoted price of the holder is quite different, the rising water is 2500 yuan / ton, and some of the cargo holders are quoted as rising water 3000 yuan / ton, the price is not in the market. In the second trading period, prices fell, market activity improved slightly, Russian nickel continued to trade actively with the mainstream discount of 400yuan / ton, Jinchuan Shengshui continued to raise, although Jinchuan factory price was 100000 yuan / ton, up 500yuan / ton from yesterday, but the market welcome supply is tight, the mainstream transaction at 97600100500 yuan / ton.

 

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