Home / Metal News / Copper / [SMM afternoon Review] Shanghai nickel rose 5.8 percent, Shanghai tin rose nearly 1.6 percent, and most of the metal floating red crude oil tumbled 3 percent.
[SMM afternoon Review] Shanghai nickel rose 5.8 percent, Shanghai tin rose nearly 1.6 percent, and most of the metal floating red crude oil tumbled 3 percent.
Jul 18,2019 11:39CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 18: this morning, most of the non-ferrous metals market fluttered red, by the close of noon, Shanghai nickel rose nearly 5.8%, Shanghai tin rose nearly 1.6%, Shanghai lead rose nearly 0.8%, Shanghai zinc rose nearly 0.7%, Shanghai aluminum closed flat, Shanghai copper fell nearly 0.3%; SMM believes that in the context of no major news changes on the supply and demand side, the recent continued rise in nickel prices is also inseparable from the positive measures taken by large stainless steel plants, and the crazy differences in the original spot weak disk are also being tried to improve. The spot market, which has been weak since large stainless steel plants entered the market on Tuesday, narrowed the discount from 500 yuan per ton to 300 yuan per ton on Wednesday, but the deal faded after the buying spree at large stainless steel plants. In addition, stainless steel factories and agents are also following the madness of the nickel market and continue to raise the price of stainless steel shipment. As of July 17, the cold and hot rolled price of 304 stainless steel has risen 400 yuan per ton compared with last week. The prices of private 304 four-foot cold rolled coil and 304 four-foot hot rolled coil in Wuxi area are 14550 and 14650 yuan / ton and 14000 to 14100 yuan / ton, respectively. Operators said that the transaction situation is general, the demand is basically stable, some traders frequently inquire, but the transaction is limited for the time being. In the short term, the trading of 300 series stainless steel may be improved. "for more nickel price information, please click:" [2019.7.18 minutes of nickel internal morning meeting] nickel prices continue to rise astonishingly stainless steel continues to rise to follow up. "

In the black system, coking coal fell by nearly 0.5%, thread and iron ore by nearly 0.2%, hot roll weak floating green, and coke by nearly 0.2%. It is reported that the relevant departments are planning to carry out performance grading evaluation and differentiated management in 15 key industries, such as iron and steel, coal, cement, chemical industry, etc. The relevant departments are planning to carry out performance evaluation and differential management in 15 key industries, such as iron and steel, coal, cement, chemical industry, etc. Through the production process level, treatment technology and other indicators to formulate performance rating rules, the industry enterprises will be divided into A, B, C grades, in Beijing, Tianjin and Hebei and the surrounding, Yangtze River Delta region, Fenwei Plain and other key environmental protection areas, according to different weather conditions, according to the grade to take different measures to stop production,

The last period of crude oil fell more than 3%, according to the news, according to Wenhua Financial News, affected by the Gulf of Mexico hurricane, crude oil production dropped sharply. EIA crude stocks fell 3.116 million barrels to 455.876 million barrels in the week ended July 12, higher than expected and more than the decline in previous API reports. U. S. crude oil stocks fell for the fifth week in a row. Despite the decline in crude oil stocks, affected by the overall decline in refinery processing rates, gasoline and distillate stocks have been significantly accumulated. The product oil base reservoir suppresses the beneficial effect of crude oil going to the reservoir.

 

Spot today:

 

Lead: Guangdong market Nanhua lead 16400 yuan / ton, the average price of SMM1# lead 50 yuan / ton; southern gold sand 16475 to 16505 yuan / ton, 1908 contract water 20 to 50 yuan / ton; southern storage south 16455 yuan / ton, 1908 contract flat water quotation. Lead shock higher, downstream cautious procurement, market trading dismal. Henan Yuguang and other smelters mainly to long single transaction; Yuguang 16250-16300 yuan / ton, SMM1# lead discount 50 yuan / ton to 100 yuan / ton offer; Wanyang 16300 yuan / ton, SMM1# lead discount 50 yuan / ton quotation; Jinli 16250-16300 yuan / ton, SMM1# lead discount 50 yuan / ton to discount 100 yuan / ton quotation; lead prices continue to go high, storage enterprises fear high mining, market transactions are bleak. Other areas such as: Hunan Shuikoushan 16350 yuan / ton, SMM1# lead average price flat water quotation (trader source); Hunan Jingui 16270 yuan / ton, SMM1# lead average price discount 80 yuan / ton; Jiang copper 16270 yuan / ton, SMM1# lead average price flat water quotation; Jiangxi Jinde, copper crown 16250 yuan / ton, SMM1# lead average price 100 yuan / ton; Yunnan small factory lead 16000 yuan / ton, SMM1# lead average discount 350 yuan / ton; Market demand is still relatively low, storage enterprises procurement is extremely cautious, market trading is bleak.

Zinc: Guangdong 0 # zinc mainstream transaction in 19320 1910 yuan / ton, Shanghai zinc 1909 contract discount 60-40 yuan / ton, Guangdong market than Shanghai market since yesterday discount 110 yuan / ton expanded to discount 130 yuan / ton. Refineries actively ship goods, and there is an abundant supply of goods in the market. In the morning, the quotations of the holders are more concentrated, basically around the average price of-20 yuan / ton, but there are no more transactions in the market, and the trading between traders is also more limited. Entering the second trading session, the market focused on the 1909 contract discount 40 to 20 yuan / ton, some holders once again downgraded the discount to about 60 yuan / ton to 09 contract discount, market transactions have not yet received a significant boost. Today, Guangdong market traders and downstream do not have a higher willingness to receive goods, the market transaction situation is getting worse again. 0# Kirin, Cishan, Tiefeng, Mengzi mainstream transactions in 19320 1910 yuan / ton.

The mainstream of 0 # zinc ingots in Tianjin market was sold at 1940-20400 yuan / ton, the mainstream of 0 # ordinary brand was sold at 1940-19510 yuan / ton, and the water supply for 1908 contract was 40-70 yuan / ton. Tianjin market changed to 30 yuan / ton discount from Pingshui yesterday. Disk upward, refinery active shipment, market supply circulation is more abundant. The carrier mainly shipped the goods, and the early quotation focused on the 80 to 120 yuan / ton rising water for the 08 contract, but most of the downstream were mainly cautious and wait and see, and their willingness to receive the goods was not good. Subsequently, some of the holders took the lead in lowering the supply of high-priced brands to 70 to 80 yuan / ton, and the rising water supply of low-priced brands concentrated in the vicinity of 40 to 50 yuan / ton for 09 contract. However, after the price adjustment, the market transaction has not been significantly boosted, just in time for the market to rise rapidly. Market transactions have slumped again. The trading situation in Tianjin today is worse than that of yesterday. 0 # Zijin, Hongye, lark, Chihong, Xiyan, etc., were sold in 1940-19510 yuan / ton, and 1 # Zijin, Chihong, Hongye, etc., were sold in 1990-1960 yuan / ton.

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