Home / Metal News / [SMM afternoon Review] Black iron ore fell 3.69 per cent, Shanghai zinc fell 1.3 per cent

[SMM afternoon Review] Black iron ore fell 3.69 per cent, Shanghai zinc fell 1.3 per cent

iconJul 5, 2019 11:49
Source:SMM
By the end of the afternoon, Shanghai copper, Shanghai nickel and Shanghai tin fell slightly, Shanghai lead fell 0.28%, Shanghai aluminum rose 0.44%, Shanghai zinc fell slightly 1.3%, black iron ore fell 3.69%, thread fell 0.52%, coking coal fell 0.33%, hot roll fell 0.9%, coke rose 0.82%.

SMM7 month 5 news: most of the non-ferrous metals market closed down this morning, by the end of the afternoon, Shanghai copper, Shanghai nickel, Shanghai tin slightly fell, Shanghai lead fell 0.28%, Shanghai aluminum rose 0.44%, Shanghai zinc fell slightly 1.3%; July 5, London copper futures fell on Friday, the first weekly decline in four weeks, due to the depressed demand outlook and increased supply. (LME) copper for three-month delivery fell $15, or 0.25 per cent, to $5906 a tonne on the London Metal Exchange, while weekly copper stocks hovered around a one-year high. It will be the first weekly fall in copper prices since the week of June 7.

In the black system, iron ore fell by 3.69%, thread by 0.52%, coking coal by 0.33%, hot roll by 0.9%, and coke by 0.82%. Recently, the "working Group on imported Iron Ore", composed of mainstream Chinese steel enterprises as member units, has been set up to a certain extent because of the sharp increase in iron ore prices in the first half of 2019. the working group has been set up to a certain extent because of the sharp increase in iron ore prices in the first half of 2019.

International crude oil futures fell on Friday on concerns about the prospects for global economic growth. Us crude oil futures fell 1.1 per cent to $56.71 a barrel. Brent crude oil futures fell 0. 08% to $63. 25 a barrel. Us crude oil futures fell 1.1 per cent to $56.71 a barrel. Brent crude oil futures fell 0. 08% to $63. 25 a barrel.

Spot today:

Lead: Guangdong market Nanhua lead 16025 yuan / ton, the average price of SMM1# lead water 50 yuan / ton quote; 16015 yuan / ton, for 1907 contract water 60 yuan / ton; lead price return to around Wanliu, some storage enterprises to rigid demand procurement-based, market transactions in general; Henan Yuguang and other smelters to long single transaction; Wanyang, Jinli 15925 yuan / ton, SMM1# lead price discount 50 yuan / ton; Refineries maintain discount shipment, downstream purchase on demand, the market transaction is general. Other areas such as: Jiang Copper 16000 yuan / ton, the average price of SMM1# lead 25 yuan / ton quoted; Yunnan small plant lead 15675 15725 yuan / ton, SMM1# lead average price discount 250 300 yuan / ton; refineries to long single transaction, bulk order shipping enthusiasm is not high, but lead price dropped to about 10, 000 yuan, some storage enterprises show signs of replenishment; today, the mainstream quotation of reduced lead in 14300 to 14500 yuan / ton. Shanghai lead barely recovered the lost land, waste battery market slightly loose signs, coupled with the reduction of lead refinery difficult to make a profit, control procurement costs, so that this week the price of waste battery resistance is no longer; renewable refined lead market trading in general, signs of closing discount appear frequently.

Zinc: Tianjin market 0 # zinc ingot mainstream transaction in 19550 20600 yuan / ton, 0 # ordinary brand mainstream transaction in 19550 19670 yuan / ton, 1907 contract water 50 120 yuan / ton, Tianjin market than Shanghai market rose 40 yuan / ton yesterday to 60 yuan / ton. The plate surface fell, the refinery slightly cherished the sale, the market source circulation slightly tightened. The holder quoted price in the morning concentrated on the 07 contract rising water 50 to 120 yuan / ton around, coincides with the disk surface to go down, downstream to take the goods replenishment warehouse willingness is stronger, the follow-up plate surface rebounds slightly, the absolute price quotation holder shipment situation improves, overall speaking, the plate surface downward, the superposition weekend is just around the corner, stimulates the downstream to take the stock warehouse willingness. The trading situation in Tianjin today is significantly higher than that of yesterday. 0 # Zijin, Hongye, lark, Chi Hong, West Mine, etc., were sold in 19550 to 19670 yuan / ton, and 1 # Zijin, Chi Hong, Hongye, etc., were sold in 19500 to 19620 yuan / ton. Guangdong 0 # zinc mainstream trading in 19510 to 19590 yuan / ton, Shanghai zinc 1908 contract rose 130 to 140yuan / ton, Guangdong stock market than Shanghai stock market from yesterday discount 50 yuan / ton to Pingshui near. Disk down, refineries slightly cherish the sale, but the market supply circulation is abundant, the impact is not great. In the morning, the holder focused on the next month's contract quotation at about 160-180 yuan / ton, followed by the following month-the contract monthly difference continued to narrow to 120-130 yuan / ton, the holder generally downgraded the next month's contract rise to 130-140 yuan / ton or so, after the price adjustment, the market transaction atmosphere improved obviously, the price fall superposition weekend is just around the corner, the downstream low reserve willingness appears, the market transaction is warmer than yesterday. 0# Kirin, Cishan, Tiefeng and Mengzi mainstream were sold in the vicinity of 19510 to 19590 yuan / ton.

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