Metals News
SMM basic Metals spot Trading Day Review on August 13
Aug 13,2019
The content below was translated by Tencent automatically for reference.

SMM, Aug. 13 / PRNewswire-Asianet /-

Copper: today, Yapan Lun Copper opened at US $5745.5 / tonne. After the opening of trading around the narrow range of daily averages, the center of gravity began to decline slightly. Due to the instability of the recent macro-political pattern, the market preference for safe havens, the copper market continued to be dominated by short-term positions, and the European session was lower by 5730 US dollars / ton. After short-term exploration, copper prices rose 5788.5 US dollars / ton in the short term, boosted by the supply of crude oil, but copper prices were difficult to maintain high and stable, and soon fell back. At 17-00, bronze was up 0.18% at $5772.5 a tonne, the dollar index at 97. 567 and crude at $55. 17 a barrel. Evening attention to the US non-quarterly CPI index in July is expected to perform better, which is expected to boost the market's preference for the dollar, and upward pressure on copper prices remains strong. At present, the center of gravity of Lun Copper has fallen to all recent averages, and it is difficult for the technical side to support the upsurge of copper prices. Wait for guidance from the dollar and crude oil at night to test whether Lentong can hold on to $5740 a tonne at night. Today, Shanghai Copper main contract 1910 opened in the morning at 46620 yuan / ton, after the opening of the center of gravity stable in the vicinity of 46630 yuan / ton shock finishing, and then the center of gravity moved down, the opening afternoon continued to fall to the lowest level of 46550 yuan / ton, and then continued to pick up the center of gravity to return to 46620 yuan / ton position, and then continued to fall, closing at 46560 yuan / ton, down 140 yuan / ton, down 0.3%. Today, Shanghai Copper's main contract position increased by 2146 hands to 228000 hands, mainly as a short position increase. Shanghai Copper Index positions fell 2288 hands to 617000 hands, while trading volume fell 104000 hands to 198000 hands. Today, Shanghai copper as a whole presents a concussion pattern, the center of gravity is basically stable. The main reason is that both sides still show a tangled attitude towards copper prices, and the trend of stalemate is obvious. However, the overall macro situation is still weak, strong market risk aversion all the way to push up the trend of gold, copper prices still have downside risk. Today, Shanghai copper continues to close Yin, the upper pressure Brin middle rail, the technical side is still negative copper. In the evening, wait for the guidance of the outside market to test whether Shanghai Copper can continue to stand at the 46600 yuan / ton level. Today, the spot price of electrolytic copper in Shanghai is 30 ~ 70 yuan / ton, the transaction price of flat water copper is 46520 yuan / ton ~ 46560 yuan / ton, and the transaction price of copper is 46540 yuan / ton ~ 46590 yuan / ton. Shanghai copper plate finishing at 46500 yuan / ton. Spot continues yesterday's quotation water 30 ~ liter 70 yuan / ton, flat water copper holder quotation is still more persistent, maintain Shengshui 30 ~ Shengshui 40 yuan / ton, traders intend to receive goods at a low price, but there is little room for pressure, good copper sources focus on Shengshui 50 ~ Shengshui 60 yuan / ton; wet copper around the water 10 yuan / ton first-line quotation, downstream to maintain rigid demand. Copper futures continued to shake the pattern, the market stopped to wait and see, the supply of goods is sufficient, but close to delivery, the holder quotation is stable, the willingness to keep the price unchanged, it is difficult to find a low price supply; there are differences between supply and demand, the transaction is stuck in a stalemate pattern. In the afternoon, due to the presence of imported copper in the market, the mood of holding water was weakened, and good copper was the first to open the downward adjustment mode, which was almost no difference with flat water copper. In the afternoon, flat water copper reported rising water 30-40 yuan / ton, and good copper reported 40-50 yuan / ton of water, with a transaction price of 46470 yuan / ton to 46540 yuan / ton.

Aluminum: Lun Al opened at US $1769 per ton in the morning. In Asia, the aluminum shock strengthened, the center of gravity gradually moved up after hitting a low of $1767.5 / ton in the morning, moving near the 5 / 10 moving average, trading at $1720.5 / ton as of 15: 00. In Europe, Lun Aluminum remained volatile and rose, rapidly breaking through the 10-day moving average to reach $1780.5 a tonne, trading at $1775.5 a tonne as of 16: 45. With the intersection of the 5 / 10 EMA, Lun Al has the possibility of rebounding above it.

Shanghai Aluminum main contract 1910 contract opened in the morning at 14140 yuan / ton, within the day to maintain a strong shock. Long continued to increase positions in the afternoon, Shanghai aluminum high once touched 14285 yuan / ton. Close to 14300 yuan / ton further high after the slow lead to short-term entry, part of the profit long positions, Shanghai aluminum in the afternoon low reached 14140 yuan / ton. However, the bulls increased their positions again, with the departure of the short sky, Shanghai aluminum shock closed at 14200 yuan / ton. The position increased by 19714 hands to 308132 hands, and the Shanghai Aluminum Index increased by 21066 hands to 815158 hands, mainly due to the increase of bulls. Recently, the problem of waterlogging caused by typhoon in Shandong area has not been completely solved, and the impact on the operation capacity of local electrolytic aluminum enterprises is not known. Shanghai Aluminum is expected to maintain a high shock in the evening. Shanghai Aluminum further impulse energy is limited before it is officially stated that the operating capacity of electrolytic aluminum is directly affected. But at the same time suddenly ten thousand four levels, the lower support is also strong.

In the spot market, aluminum futures fluctuated and floated in the current month. The transaction price of the two places in Shanghai Wuxi market is between 14230 and 14250 yuan / ton, and the rising water is 20 to 30 yuan / ton, which is about 270 yuan / ton higher than that of the previous day. The spot transaction price in Hangzhou is between 14250 and 14260 yuan / ton. In the morning, a large household took the lead in receiving goods, and its receiving price was more recognized by the market. The holder actively shipped the goods, the middleman reversed the goods, and received more. With the large household receiving more than 10,000 tons of goods, the aluminum futures dropped slightly, the market transaction heat receded, and the self-transaction price between traders rose to 14230 yuan / ton. At this time, although the shippers have increased, the actual trading volume is not as good as the early stage. Because the increase in aluminum prices exceeds the scope of psychological acceptance downstream, downstream today wait-and-see mood is strong, procurement is scarce. Today, the overall transaction in East China is slightly worse. The aluminum sank slightly in the afternoon, and the holder quoted a price of around 14190-14200 yuan / ton and 20-30 yuan / ton of rising water on the plate, but there were few transactions in the afternoon.

Lead: within a day, Lun lead opened at US $2056 / tonne. In the Asian session, Lun lead basically ran along the daily average. In the afternoon, affected by the weakening of Shanghai lead in internal trading, London lead reached US $2032 / ton at one time, entering the European session, as the 20-day moving average below effective support, and LME lead discount to maintain the back structure boost, Lun lead concussion rose, as of 15 to 50, Lun lead temporarily closed at US $2050 / ton, down US $5 / ton, down 0.24%. Lun lead temporarily closed under the shadow of the shade line, high callback, temporarily formed a downward channel, coupled with the continued strength of the US finger, night Lun lead or again test below the 20-day moving average support.


Within a day, the Shanghai lead 1909 contract opened at 16720 yuan / ton. At the beginning of the day, Shanghai lead basically fluctuated below the daily average. in the afternoon, affected by the gradual decline of provincial environmental inspection and the large increase on the supply side in August, bulls gradually worried about the future market and left the market one after another, closing at 16630 yuan / ton, down 250 yuan / ton, down 1.48 percent, and the position was reduced by 2048 hands to 45190 hands. The bulls were gradually worried about the future market and left the market one after another, closing at 16630 yuan per ton, down 250 yuan per ton, down 1.48 percent, and the position was reduced by 2048 hands to 45190 hands. Shanghai lead closed the Dayin line, fell sharply at the high, and the 5-day EMA trend flattened, coupled with the outer plate lead is also in the downward channel, Shanghai lead at night or continue the weak market, test the lower 16500 yuan / ton platform support.

Shanghai market Jinsha lead 16755 yuan / ton, 1909 contract water 20 yuan / ton quotation; Jiangsu and Zhejiang Yuguang, Jijin, Wanyang lead 16655 to 16675 yuan / ton, 1909 contract discount 80 to 60 yuan / ton. Lead rush fell back, traders quoted price discount than yesterday did not change greatly, at the same time recycled lead discount expanded, reported to the SMM1# electrolytic lead discount 100yuan / ton factory, downstream rigid demand transfer, bulk market transactions continue to be in the doldrums. The price of lead, and the price of lead.

Guangdong market Nanhua lead 16725 yuan / ton, the average price of SMM1# lead 50 yuan / ton, southern storage south 16635 yuan / ton, 1909 contract discount 100 yuan / ton. Lead prices fell back, downstream procurement is more cautious, trading tends to be light. Henan Yuguang and other smelters mainly to long single transaction; Wanyang, Jinli 16625 to 16645 yuan / ton, the average price of SMM1# lead discount 50 yuan / ton to 30 yuan / ton; lead prices fell back, downstream procurement tends to be cautious, market trading is relatively light. Other areas such as: Guangxi Hechi south 16555 yuan / ton, SMM1# lead average price discount 120 yuan / ton; Hunan Shuikoushan 16675 yuan / ton, SMM1# lead average price equal water quotation (trader source); Jiangxi copper 16725 yuan / ton, SMM1# lead average price rise water 50 yuan / ton quotation; Yunnan area small factory quoted 16375 yuan / ton, SMM1# lead average price discount 350 yuan / ton; lead price shock fell, the carrier actively shipped, the market delivery is general.

Zinc: Geneva zinc opened at US $2276 / tonne. At the beginning of the day, after a small uptick, after being suppressed by the daily average, it fell to US $2270 / tonne. After entering the European trading session, boosted by the downward rally of the US Index, Len Zinc quickly pulled up the market surface and reached US $2298.5 / ton. However, the integer level of US $2300 / ton above the whole level was strong, and Len Zinc fell back to finish. As of 16 to 17, Len Zinc temporarily closed up to US $2296 / ton. It rose $25 a tonne, or 1.1%. Geneva zinc recorded two consecutive yang, the overall support in the 5th EMA operation, KDJ index in the oversold area to form a gold fork, indicating that the action on the zinc can be more sufficient, superimposed LME zinc inventory recorded a small decline for several days in a row, the early approach short confidence weakened, neatly left the field Tizhen zinc upward, night Lun zinc or around the US $2300 / ton integer level near the operation, if it can be successfully broken, there will be no deep decline for the time being. Pay attention to the support of the 5-day moving average at night.

The main 1010 contract of Shanghai zinc opened at 18720 yuan / ton at the beginning of the day. At the beginning of the day, Shanghai zinc operated in a narrow range of 18710 yuan / ton, with a shock range of no more than 50 yuan / ton. Shanghai zinc fell slightly in the afternoon, coinciding with the appearance of the daily average line support. Shanghai zinc rose again, running around 18700 yuan / ton, closing up 18725 yuan / ton, up 235yuan / ton, up 1.27%, and the trading volume decreased by 204000 hands to 264000 hands. The position was reduced by 13478 hands to 201000 hands, and the Shanghai zinc closed the sun within a day, jumping on the lower track of Brin Road as a whole, and the KDJ index turned upward, indicating that the action on Shanghai zinc could be stronger. The domestic inventory drops slightly or has the certain support to the zinc fundamental, Shanghai zinc returns to 18500 yuan / ton above, the early stage enters the market to reduce the short position to lift the Shanghai zinc to rise sharply, the market still has the expectation to the follow-up short position to close the position, Shanghai zinc may still have the upward kinetic energy, but above each road moving average suppression is stronger, the back rising kinetic energy may be more limited. Shanghai zinc at night or around the 5-day moving average.

Shanghai 0 # zinc mainstream transaction 1895 yuan / ton, Shuangyan transaction in 18965 to 19005 yuan / ton; 0 # zinc ordinary to September water rising water 200 to 210 yuan / ton; Shuangyan to September reported water rising water 210 to 220 yuan / ton; 1 # mainstream transaction to 188 85 to 189 25 yuan / ton. In the first trading period in the morning, the market trading was dominated by long orders, and the holders made more quotations for the average price of the net. In the morning, the mainstream quotation of ordinary zinc raised the average price of the net by 5 to 10 yuan per ton, followed by the market price of 9 to 200 yuan per ton. Enter the second trading period, the holder spot ordinary zinc stable 200 yuan / ton water price, because the Shanghai market has a small part of Guangdong supply inflow, the market rising water mood has been affected to a certain extent, some holders take advantage of the rising water to actively ship, on the whole, today's Shanghai stock market trading to the carrier shipment, downstream procurement willingness has been reduced. As the zinc price has now weakened before the afternoon close, in the afternoon, pay attention to whether the market delivery rhythm will change if the zinc price weakens.

Guangdong 0 # zinc mainstream transaction in 18700 1876 yuan / ton, Shanghai zinc 1909 contract discount 60 to 40 yuan / ton, Guangdong market than Shanghai market discount from 210 yuan / ton yesterday to 250 yuan / ton. The disk stopped falling and rose, the refinery actively shipped, and the market supply of goods was abundant. The early quotation of the holder focused on the average price of-10 yuan / ton, and some of the contract holders quoted from the 09 contract discount of 20 yuan / ton, quickly expanded to the discount of 40 yuan / ton shipment; into the second trading period, the holder actively shipped, the 09 contract quoted in the discount of 50 to 60 yuan / ton, the market trading atmosphere slightly warmed up, but the downstream is still mainly wait-and-see, traders contribute to today's main trading. The second trading period, the holder actively shipped, the 09 contract quoted in the discount 50 to 60 yuan / ton, the market trading atmosphere is slightly warmer, but the downstream is still mainly wait-and-see, traders contribute to today's main trading. In addition, the price gap between Shanghai and Guangdong continues to widen. At present, some sources of goods in Guangdong have been transferred to East China, and some of them are still in transit, or they may be able to adjust the price difference between the two markets. The trading situation in Guangdong today is slightly worse than that of yesterday. 0# Kirin, Cishan, Tiefeng and Mengzi mainstream were sold at 18700 1876 yuan / ton.

The mainstream of 0 # zinc ingots in Tianjin market is 1888 to 19900 yuan / ton, the mainstream of 0 # ordinary brand is 1888 to 189 40 yuan / ton, the rising water of 1909 contract is about 150 to 200 yuan / ton, and the discount in Tianjin market is narrower than that in Shanghai market from 60 yuan / ton yesterday to 30 yuan / ton. Today, the warehouse in Tianjin has hardly arrived, and the circulation of goods in the market continues to be tight. Traders reflected the continuation of the situation that there were no goods or few goods yesterday. In the morning, the quotations of the holders concentrated around 150 yuan to 220 yuan / ton of water for the 09 contract, and the market level was higher than yesterday. The manufacturers who superimposed the supply of some high-priced brands quoted lower prices, and the traders had transaction advantages or shortcomings. Subsequently, the traders saw the situation to reduce the supply of high-priced brands to 200 yuan / ton. After the price adjustment, the market transactions were not significantly boosted, and the supply of low-priced brands was not significantly boosted. There is little circulation in the market, and the transaction is even more dismal. Overall, downstream as a result of last week bargain buying on the follow-up consumption overdraft, superimposed market supply is less, rising water is higher, waiting for wait-and-see mood is stronger, the willingness to pick up goods is not good, today's transaction situation is significantly lighter than yesterday. 0 # Zijin, Hongye, lark, Chi Hong, West Mine, etc., were sold in the vicinity of 188 80 RMB 189 40 yuan / ton, and 1 # Zijin, Chi Hong, Hong Ye, etc., were sold at 188 30 RMB 188 90 yuan / ton.

Tin: after the opening of the $16810 / ton electronic disk today, the sub-session generally rose in the wave range, rising to $16960 / ton after maintaining a narrow range of consolidation. After the opening of the European trading, Lunxi pressure fell back, as of 17-00, Lunxi's latest price of $16920 / ton, positive line, the physical part is located near the 5-day moving average, the current Lunxi to maintain the consolidation pattern has not changed, it is expected that the lower support of Lunxi is located in the vicinity of $16500 / ton, short-term lack of sufficient return power. In the near future, we can focus on the annual rate of CPI adjustment in the United States in July (%) and the change in API crude oil stocks in the week ended Aug. 9 (10,000 barrels) in the early morning of the following day.

Shanghai tin main 1909 contract last night after the opening of 133120 yuan / ton, at the beginning of the day quickly rushed to the night high 135060 yuan / ton after the decline, showing a concussive downward trend, giving back nearly half of the early gains. After the opening of 133630 yuan / ton this morning, maintained the concussion situation, accompanied by the center of gravity slightly downward, and finally closed at 133520 yuan / ton, up 270 yuan / ton, an increase of 0.2 per cent. The trading volume was 10974, a decrease of 12772. The position was 14996 hands, an increase of 6 hands. Today, Shanghai tin overall showed a high downward trend, showing a small Yang line, the upper shadow line is longer, located near the 5-20 EMA, is expected to support 132000 yuan / ton below Shanghai tin.

Spot market, this morning the mainstream transaction price of 134100 136000 yuan / ton, there is a small amount of 134000 yuan / ton of low price sources. In the afternoon, although the spot price of Shanghai tin has gone down with the disk, but the actual transaction is relatively weak, the rise of the water has not changed significantly. Today's Shanghai tin market center of gravity rose slightly compared with yesterday, coupled with downstream enterprises yesterday procurement, today's spot market overall trading atmosphere is weak. Set Yunxi rising water 1200 yuan / ton, ordinary cloud word rising water 500 yuan / ton, small brand rising water 200 yuan / ton.

Nickel: nickel opened at US $15640 / tonne today. After the opening, Lennie was supported by the daily average and fluctuated all the way up to US $15760 / ton. In the afternoon, the nickel concussion rose $15805 per tonne, then fell back to the $15700 / tonne mark and was still under pressure of $15760 / tonne. As of 17 / 00, it was at $15735 / tonne. Nickel is temporarily closed at the small positive line, the 5-day moving average through the K-column entity, this night to pay attention to whether the nickel can be stable above the 5-day moving average, while paying attention to the above US $15900 / ton barrier resistance. Watch the data in the evening on the monthly CPI rate after the July quarter adjustment in the United States.

Shanghai nickel 1910 opened today at 123050 yuan / ton, before noon, Shanghai nickel shock upward, touch high 124700 yuan / ton. In the afternoon, Shanghai nickel fell slightly, giving back some gains, to 123500 yuan / ton line of support, rebound and repair, the center of gravity around 124000 yuan / ton line shock fluctuations, finally closed at 124370 yuan / ton, compared with the previous trading day settlement price rose 1070 yuan / ton, up 0.87%, trading volume decreased 1.044 million hands to 1.249 million hands, position volume increased 27000 hands to 454000 hands. Today, the Shanghai nickel index capital inflow reached 618 million yuan, ranking first in the non-ferrous capital inflow, bulls quickly returned to the market, paying attention to the further actions of night bulls. Throughout the day, the Shanghai nickel 1910 contract closed at the Xiaoyang line, standing above the 5-day moving average as a whole, focusing on the resistance of 126000 yuan per ton above Shanghai nickel this evening.

SMM 1 # electrolytic nickel 123100 to 124700 yuan / ton. The discount of Russian nickel is about 300yuan / ton compared with Shanghai nickel 1909, and Jinchuan nickel is 1100RMB / ton higher than Shanghai nickel 1909 contract. This morning, nickel prices continued a strong shock last night, around 123400 yuan near the shock, spot market trading continued to be light, traders feedback in the lower reaches of the last two days basically did not purchase, basically in a priceless state. In the second trading session, Shanghai nickel continued to move higher than 124000, downstream that nickel prices can be expected to fall, more in the wait and see. Today, the disk is strong, Russian nickel sticker to maintain stability, Jinchuan nickel slightly down. Jinchuan Company Shanghai quoted price of 124000 yuan / ton, up 2000 yuan / ton from yesterday, the mainstream transaction at 123300 to 124800 yuan / ton. In the afternoon, nickel prices continue to fluctuate around 124000, downstream fear of high procurement, and now downstream, especially stainless steel demand for nickel is gradually replaced by nickel pig iron, the mainstream transaction at 123400 to 124800 yuan / ton.



Click to sign up for this summit

"Click to sign up for this summit

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business


Daily review of SMM
daily review of basic metals
For queries, please contact Frank LIU at
For more information on how to access our research reports, please email
Related Price

No Data