Home / Metal News / Copper / [SMM afternoon Review] Shanghai nickel fell 1.5% Shanghai lead fell 1% metal whole line float green iron ore coking coal fell more than 1% black system green flag fluttered
[SMM afternoon Review] Shanghai nickel fell 1.5% Shanghai lead fell 1% metal whole line float green iron ore coking coal fell more than 1% black system green flag fluttered
Jul 23,2019 11:44CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 23 month news: this morning, the non-ferrous metals market floated green, by noon close, Shanghai nickel fell nearly 1.5%, Shanghai lead fell nearly 1%, Shanghai copper, Shanghai aluminum fell nearly 0.9%, Shanghai zinc fell nearly 0.1%, Shanghai tin light green; Among them, according to the latest news, Indonesia's Vale (Vale SA's Indonesian) has planned to invest US $5 billion in nickel projects with its partners in the next few years, and Chinese enterprises have also seized the opportunity to develop the Indonesian nickel market. Indonesia's Vale and China Qingshan holding Group have cooperated to build a battery-grade nickel plant in Indonesia, with an annual nickel output of 50, 000 tons. "Vale plans to invest US $5 billion in the construction of a nickel plant and Chinese enterprises will make great strides to open up the market."

Black system also closed down, iron ore fell nearly 1.2%, coking coal fell nearly 1.1%, thread, coke fell nearly 0.5%, hot roll fell nearly 0.1%; on the news side, it is reported that BHP Billiton, the world's largest miner, has fully resumed production of the Western Australian iron ore (WAIO), which was affected by hurricanes and other factors. Western Australia Iron Mine is BHP Billiton's iron ore production area, including five mines and four processing centers. BHP Billiton's iron ore production was 63 million tons in the second quarter of this year, an increase of 12 percent from the previous month, BHP Billiton said in its recently released 2019 fiscal year (July 1, 2018 to June 30, 2019), indicating that its iron ore production has resumed full production. "BHP Billiton iron ore has fully resumed production."

Last issue of crude oil rose nearly 1.3 percent; on July 23, CCTV News reported that on Monday morning Eastern time, US Secretary of State Pompeo announced sanctions against China's Zhuhai Zhenrong Company and its executives on the grounds that the Chinese company's oil imports from Iran violated the US oil ban on Iran. Pompeo said the Chinese company would not be able to engage in foreign exchange, banking, asset trading and other businesses in areas under US jurisdiction. According to the US State Department, US sanctions have now restricted 90 per cent of Iran's oil trade. The White House and the Secretary of State have frequently thrown out tough statements against Iran recently. After Iran seized a British-flagged cruise ship on Friday, US President Donald Trump accused Iran of "causing trouble" and said he would work with Britain to deal with the incident.

 

Spot today:

Lead: Guangdong market Nanhua lead 16425 yuan / ton, the average price of SMM1# lead 50 yuan / ton quoted; Southern Reserve Southern 16435 yuan / ton, for 1908 contract flat water quotation. Southern gold sand 16385 yuan / ton, 1908 contract discount 50 yuan / ton; lead high shock, downstream is still dominated by rigid demand, market trading is general. Henan Yuguang and other smelters mainly to long single transaction; Wanyang, Jinli 16275 to 16325 yuan / ton, SMM1# lead discount 50 yuan / ton to discount 100 yuan / ton quotation; lead price shock operation, storage enterprises meet low replenishment warehouse, market transaction is general. Other areas such as: Hunan Jingui 16295 yuan / ton, the average price of SMM1# lead discount 80 yuan / ton; Jiang copper 16400 yuan / ton, the average price of SMM1# lead water 25 yuan / ton quotation; Yunnan area small factory lead 16075 yuan / ton, SMM1# lead average price discount 300 yuan / ton; lead price is high and volatile, downstream purchasing is more cautious, today's transaction is general.

 

Zinc: Guangdong 0 # zinc mainstream transaction in 1960 19280 yuan / ton, Shanghai zinc 1909 contract discount 60 discount 50 yuan / ton, Guangdong market than Shanghai market since yesterday discount 170 yuan / ton narrowed to discount 140 yuan / ton. Refinery normal shipment, the market supply of goods is abundant. In the morning, the quotation of the holder focused on the discount of 40-30 yuan / ton to the 09 contract, but the market trading atmosphere continued to be dull. After entering the second trading session, some holders reduced the discount to about 50 yuan / ton to the 09 contract, but the market catcher's willingness to receive the goods around the 09 contract discount of 60 yuan / ton, traders trading differences appeared, temporary stalemate, the subsequent part of the holder down to the 09 contract discount of 60 yuan / ton, contributing to a small amount of transactions. Overall, the transaction situation in Guangdong today is worse than that of yesterday. 0# Kirin, Cishan, Tiefeng, Mengzi mainstream transactions in 1960 to 19280 yuan / ton.

Tianjin market 0 # zinc ingots mainstream trading in 1940 20320 yuan / ton, 0 # ordinary brand mainstream transactions in 1940 1940 1920 yuan / ton, 1908 contract water 40 to 100 yuan / ton, Tianjin market than Shanghai stock market to maintain yesterday near Pingshui. Refinery normal shipment, the market supply circulation is more abundant, the morning holder price intention is stronger, the concentrated quotation in the 08 contract rising water 80 to 120 yuan / ton, downstream does not show the strong willingness to receive the goods, the follow-up holder sees the situation to reduce the rising water 20 to 40 yuan / ton, the market concentrated transaction in the 08 contract rising water 40 to 100 yuan / ton, but the downstream bearish mood is stronger, the transaction volume is more limited. The market transaction is concentrated in the 08 contract rising water 40 to 100 yuan / ton, but the downstream bearish mood is stronger, the transaction volume is more limited. Overall, today's Tianjin market trading atmosphere continues to be light, market transactions are mainly low-priced brand goods, today's Tianjin market transactions are basically flat compared with yesterday. 0 # Zijin, Hongye, lark, Chihong and other transactions in 1940 1920 yuan / ton, 1 # Zijin, Chi Hong, Hongye and other transactions in 19290 1970 yuan / ton.

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