Copper: today's Yapanlun copper opened at $5985 / tonne, due to yesterday's big rise in copper prices, after the opening of the day a number of highs gradually reduced positions, copper prices continued to slowly move down, the center of gravity fell back to around $5950 / tonne. After entering the European session, as China's October import and export data released today were better than expected, significant progress in the Sino-US trade agreement cooled pessimistic expectations in the global economy, gold prices continued to be suppressed below $1470 / oz, and copper prices remained dominated by bullish sentiment, stabilizing after the Asian session rebounded, rising by $5969 / ton. Then copper prices began to shake and consolidate, as of 17: 20, Lun copper closed at $5956.5 / ton, down 0.74%, the dollar index at 98.184, U. S. crude oil at $56.65 / barrel. In the evening, focus on the initial value of the University of Michigan Consumer confidence Index in November and the final monthly rate of wholesale inventories in the United States in September. At present, the copper is negative, located above all EMA, and the 5-day moving average broke the 10-day moving average, the technology in the face of copper price support. Waiting for guidance from the dollar and crude oil at night, test whether Lun copper can hold on to the $5850 / tonne position. Today, the main contract of Shanghai Copper opened at 47390 yuan / ton in the morning, opening at an intraday high, and then the center of gravity dropped slightly to around 47370 yuan / ton, which stabilized at the end of the afternoon. The opening of the afternoon long continued to reduce positions, all the way down 47260 yuan / ton, the end of the day closed at 47240 yuan / ton, up 70 yuan / ton, up 0.15%. The main contract position of Shanghai Copper decreased by 3298 hands to 180000 hands, while the trading volume increased by 8200 hands to 86000 hands. Shanghai Copper 2001 position has reached 177000 hands, with the main contract difference of about 2500 hands, pay attention to the main contract month situation. Shanghai copper index positions fell 9154 to 529000, while trading volume increased by 70, 000 to 276000. Overnight gains were reversed during the day, mainly due to continuing concerns about the macroeconomic outlook, with the International Monetary Fund and the European Union both lowering their growth forecasts for the euro zone. Worries about the macro situation limited the rise in copper prices, and Shanghai copper returned to around 47300 yuan / ton today. At present, Sino-US trade sentiment is getting better, the copper price to maintain a stable high level is still some support, and now Shanghai copper has filled the previous gap and re-stable above the 10-day moving average, the technical performance is optimistic, in the evening test Shanghai copper can further up 47400 yuan / ton. Today, Shanghai electrolytic copper spot contract rose 70 ~ 110 yuan / ton, Pingshui copper transaction price 47340 yuan / ton ~ 47380 yuan / ton, Shengshui copper transaction price 47360 yuan / ton ~ 47400 yuan / ton. Today, copper in Shanghai rose above 47250 yuan / ton, and 47000 yuan / ton below was temporarily supported by all the EMA. The holder gained confidence under the market conditions of yesterday's sharp improvement in buying. Today's morning market quotation once again raised the banner, opening the market that the water rose by 90 yuan / ton, but the downstream and traders experienced a batch of receiving goods yesterday, and today's overreported rising water stopped him, and the holder gradually reduced the flat copper to 70 yuan / ton. Good copper to maintain stability in the rising water of 100 yuan / ton, wet copper is also deadlocked in the flat water to the rising water of 10 yuan / ton. Today's rise, and every weekend, the downstream only to maintain immediate demand, compared with yesterday's purchase volume significantly reduced. Traders are still willing to receive the goods, but the purchase target price is low, which is in contradiction with the market quotation. Under the premise that the price spread is stable at around 100 yuan / ton, the quotation is firm. If the disk is stable and there is a rise in the market, the market will sink into the sawing situation again. In the afternoon, the spot market continued to maintain a stalemate. As a result of entering the weekend, the market transaction also gradually turned weak, and the holder's willingness to adjust prices was not high. Therefore, in the afternoon, Pingshui copper reported 80-90 yuan / ton, good copper reported 100-110 yuan / ton, the transaction price in the range of 47260 yuan / ton-47340 yuan / ton. Perch
Aluminum: aluminum opened at $1812 / ton in the morning, fluctuated and fell back in Asian trading, sub-day low of $1806.5 / ton, then rebounded from low along the 5-day moving average, all the way up, as of 17:05 Lun aluminum closed at $1818.5 / ton, refreshing the highest price since September 12, trading volume reduced by 12430 hands to 1695 hands, closed at the small positive line, the center of gravity is higher than yesterday, and is above all moving averages. So far, Lun aluminum has been in the Brin channel orbit for nearly two weeks in a row, is expected to continue to maintain a strong concussion in the evening, test the size of the upper space, and continue to pay attention to macro data such as the dollar index and the University of Michigan consumer confidence index in November.
The Shanghai aluminum main company 1912 contract opened at 13985 yuan / ton in the morning. At the beginning of the day, the short position was reduced by nearly 2,000 hands. Shanghai aluminum climbed all the way to a high daily high of 14050 yuan / ton along the 5-day moving average, then hovered briefly at the high level, fell slightly in the afternoon, closed at 14030 yuan / ton in the afternoon, rose 50 yuan / ton, or 0.36%, closed at the small positive line, the center of gravity jumped above the 40-day moving average, the upper pressure on the 60-day moving average, the trading volume increased by 14238 to 130000 hands. Position reduced by 1580 hands to 206000 hands, daily KDJ third-line upward posture slowed down, MACD red line elongated. In the context of the improvement in the macro atmosphere, short positions further closed or moved backward, 1911 and 1912 contract positions continued to decline, aluminum prices are expected to continue to maintain a short-term strong volatility in the evening, and continue to pay attention to the changes in long short positions in the evening.
Aluminum in the current month before noon to maintain interval fluctuations. Shanghai, Wuxi and Hangzhou holders spot offer 1417014190 yuan / ton, 80 yuan / ton higher than yesterday's price, 70-50 yuan / ton, deliverable brand aluminum ingot price in 14220-14230 yuan / ton, the surface of the basic maintenance of 20 yuan / ton-flat water state. Today, the price increase is larger, the shippers' shipping enthusiasm is significantly higher than at the beginning of the week, middlemen tend to receive goods at big discount, the transaction can be concluded at a lower price, and the trading between the two sides is deadlocked at a slightly higher price. Downstream manufacturers today on-demand procurement, receiving less light transactions, emotionally awe-inspiring. The overall transaction in East China was normal today. In the afternoon, aluminum fell slightly, the delivery price of the holder was around 14130-14160 yuan / ton, and the surface discount was about 70-80 yuan / tonne. Only a small number of transactions were concluded between traders, but few in the lower reaches.
Lead: within the day, Lun lead opened at 2114.5 US dollars / ton, in Asia, Lun lead fluctuated in a narrow range along the daily average, near the European period, some bulls left the market, Lun lead once explored as low as 2084.5 US dollars / ton, however, the previous consolidation platform 2080 US dollars / ton front line has a strong support, Lun lead appeared a small rebound, as of 17: 34, Lun lead temporarily closed at 2104.5 US dollars / ton, down 8 yuan / ton, down 0.38%. Lun lead temporarily accept bald small negative line, continue to bear pressure in the 60-day moving average and weak shock, medium-and short-term moving average shows a downward slowdown, and LME 0-3 contract back structure narrowed day by day, it is expected that lun lead will continue to maintain a weak market at night.
Within days, the Shanghai lead 1912 contract opened at 16100 yuan / ton. Shanghai lead basically fluctuated around the daily average line throughout the day, and the amplitude was less than 100 yuan / ton. Finally, it closed at 16100 yuan / ton, down 25 yuan / ton, down 0.16%, and the position was reduced by 2212 hands to 53688 hands. Shanghai lead newspaper closed long shadow small negative line, low weak shock, and sword refers to ten thousand six levels, but the pass is still supported, taking into account the weakening of the outer plate lead, as well as the previous period of inventory increased by about 7500 tons over the previous week, the market will continue to be shrouded in a pessimistic atmosphere, Shanghai lead at night or continue to test ten thousand six integer level.
Shanghai market south, Mu Ron lead 16215-16225 yuan / ton, 1911 contract discount 40-30 yuan / ton; white goods can be discounted 6050 yuan / ton. Period lead weak consolidation, at the same time waste battery decline slowed down, recycled lead cost support slightly reflected, the holder quoted, and part of the intention to purchase part of the low-price source, but downstream just need to purchase relatively limited, the overall transaction activity is slightly better than yesterday.
Guangdong market South China lead 16150 yuan / ton, the average price of SMM1# lead discount 50 yuan / ton quotation; lead price continues the downward trend, but the recycled lead still maintains the deep discount water, the downstream still gives priority to purchase the recycled refined lead, the primary lead market exchange is difficult to change the light situation, waiting for the recycled lead discount situation. Henan Yuguang, Wanyang, Jinli and other smelters are mainly long single transactions; Jinli 16100 yuan / ton, the average price of SMM1# lead discount 100 yuan / ton (traders); lead prices continue to decline, smelters began to long single-based, wait-and-see mood has improved, but by the impact of recycled lead prices, the primary market transactions are bleak. Other areas such as: Hunan Shuikoushan 16100-16150 yuan / ton, the average price of SMM1# lead discount 50 to 100 yuan / ton quotation (traders); Jiangxi copper industry 16200 yuan / ton, the average price of SMM1# lead flat quotation; Guangxi Hechi south 16070 yuan / ton, the average price of SMM1# lead discount 130 yuan / ton; Anhui bronze crown 16200 yuan / ton, the average price of SMM net level quotation; Yunnan small factory quoted 15850 yuan / ton, the average price of SMM1# lead discount 350 yuan / ton. Lead price shock downward, downstream consumption is light, the overall transaction is in the doldrums.
Zinc: zinc in Geneva opened at $2489.5 / tonne, Zinc at the beginning of the day around the daily average of $2487 / tonne narrow shock, near the European trading session, the short overall force, zinc fell to $2472.5 / tonne, then zinc rebounded, the bulls returned to the lost ground above the daily average line, as of 17: 03, zinc closed at $2485 / tonne, down $6 / tonne, down-0.24 per cent. at 17: 03, Zinc closed at $2485 / tonne, down $6 / tonne, or-0.24 per cent. Geneva zinc received a small negative line, the MACD index appeared dead cross, the KDJ index also turned down, indicating that its upward resistance is strong, the good news between China and the United States did not bring confidence to the bulls. LME0-3 discount increased from $43.75 / tonne to $46 / tonne, LME zinc stocks also remained low, there is some support for Lun Zinc. Pay attention to the support strength of the 20th line at night.
Today, the Shanghai zinc 1912 contract completed the main force of the month, the beginning of the day jump high at 18785 yuan / ton, and then the long and short sides around the daily average line to compete, in 18735 yuan / ton line of narrow concussion, intraday, the short main force occupies the upper hand, the Shanghai zinc center of gravity slightly moves down to 18675 yuan / ton, in the daily average line below the narrow range concussion, near the European period, Shanghai zinc fell again, closed down at 18610 yuan / ton, down 85 yuan / ton, down-0.45%. Turnover decreased by 9494 to 121008. Positions increased by 10938 to 171482. Intraday Shanghai zinc main force 2001 contract short jump high at 18785 yuan / ton, at the beginning of the day Shanghai zinc long and short sides around the daily average line to compete, in the 18735 yuan / ton line narrow concussion, intraday, the short main force occupied the upper hand, the Shanghai zinc center of gravity slightly moved down to 18675 yuan / ton, in the daily average line below the narrow range shock, near the European period, Shanghai zinc fell again, closed at 18610 yuan / ton, down 85 yuan / ton, down-0.45%. Turnover decreased by 9494 to 121008. Positions increased by 10938 to 171482. Within the day, Shanghai zinc received four consecutive negative, the upper 60 antennas formed resistance, the KDJ index is also obvious downward trend, the increase of positions are mainly short, the inventory of the three places increased, the superimposed downstream consumption is weak, zinc price is weak in the short term. At night, Shanghai zinc may continue to explore, pay attention to Brin Road under the track support strength.
The mainstream transaction of zinc in Shanghai was 18730-18770 yuan / ton, and that of Shuangyan was 18740-18770 yuan / ton, that of zinc was 90 yuan / ton in December, that of Shuangyan was 90-100 yuan / ton in December, and that of zinc was 18660-18700 yuan / ton. In the first trading session, due to the concussion of zinc price at the beginning of the session, the holder of ordinary brand zinc ingots quoted price of 1912 contract rose 90 yuan / ton, in addition to the SMM net average price flat water quotation, the second trading period, zinc price continued shock market, the market spot water is strong, the basic quotation to the 1912 contract rose 90 yuan / ton; Zinc prices continue a weak market, downstream bargain buying, the market trading mood is better, the trading market is active, spot rising water is strong, on the whole, today's market trading is general.
Guangdong zinc mainstream transaction in 18600-18700 yuan / ton, the offer is concentrated in Shanghai zinc 1912 contract discount 10 to Pingshui, Guangdong stock market than Shanghai stock market discount is stable at 90 yuan / ton yesterday. Refinery shipments are normal, the market supply is very abundant. In the morning, the holder quotation concentrated in the 12 contract flat water near, enters the second trading session, the zinc price continues yesterday's low consolidation situation, the trader supports the rising water desire is strong, the quotation is still concentrated in the 12 contract discount 10 yuan / ton to the flat water or so. Zinc price low narrow range shock, rising water is more stable, superimposed weekend storage demand, downstream bargain mining enthusiasm is on the high side. On the whole, today's dealers contribute from the downstream, the trading atmosphere is better. Yi Qilin, Cishan, Tiefeng, Mengzi mainstream transactions in 18600-18700 yuan / ton near.
The mainstream transaction of zinc ingots in Tianjin market was 18670-20060 yuan / ton, the mainstream transaction of Tianjin brand was 18670-18800 / ton, and the rising water of 1912 contract was about 30-120 yuan / ton. The rising water of Tianjin market was stable at about 10 yuan / ton compared with Shanghai stock market. Today, the high-priced brand refinery did not ship to Tianjin, the market, high-priced supply circulation tightened, mostly pre-sale supply, and the general supply is more loose. The quotation of the pre-sale source of the high-priced brand is concentrated in the vicinity of 120 yuan / ton to the 12 contract, and the quotation for the supply of the ordinary brand is about 3060 yuan / ton to the 12 contract. Today, the disk low narrow shock, ordinary brands and high-price brands pre-sale supply, rising water is basically the same as yesterday, high-priced brands spot supply tension rising water up obviously, downstream trading due to weekend warehouse demand slightly better. On the whole, the transaction today is slightly better than yesterday. Zi Zijin, Hongye, lark, Chihong, Xikuang, etc., were traded in 18670-18800 yuan / ton, and Zijin, Chihong and Hongye were traded in 18620-18750 yuan / ton.
Tin: after the opening of US $16615 / ton today, the Asian session to the beginning of the European market generally maintained horizontal finishing near the opening price. Then Lunxi rose slightly, as of 18: 00, Lunxi's latest price of $16640 / ton, showing a small positive line, below by the 10, 40-60 day moving average support, it is expected that the resistance above Lunxi is near the 20-day moving average of $16700 / ton.
Shanghai tin main force 2001 contract last night after the opening of 137290 yuan / ton, the overall maintenance of the daily average of 137200 yuan / ton near the shock finishing. After the opening of 137020 yuan / ton in early trading today, it was blocked after climbing to a high of 137500 yuan / ton at the beginning of the day, and fluctuated all the way down to a low of 136910 yuan / ton in the day. In late trading, it rebounded and closed at 137180 yuan / ton, up 240 yuan / ton, or 0.18%. The trading volume was 15140 hands, the position was 38180 hands, and the number was reduced by 1204 hands. Today, Shanghai tin closed with a cross star line, located between the 5-10 moving average, below by the 5-day moving average support, Shanghai tin is expected to support below the 5-day moving average of 136800 yuan / ton.
Spot market, today's mainstream transaction price 136500-138500 yuan / ton, downstream enterprises on demand procurement, a small number of traders bargain replenishment. Shanghai tin spot market overall transaction atmosphere is general. Shanghai tin 2001 contract set Yunxi rising water 800 yuan / ton, ordinary cloud word flat water-discount 200 yuan / ton, small brand discount 300500 yuan / ton.
Nickel: Lunni Asia opened at $16220 per tonne today. Before noon, Lunni's overall center of gravity fluctuated around the daily average of $16250 / tonne. In the afternoon, or affected by the slight strength of the dollar, Lunni shock fell, down $16160 / ton, and then slightly revised to the daily average near the pressure shock, as of 16: 00, reported at $16180 / ton, compared with the settlement price of the previous trading day down $35 / ton, down 0.22%, trading volume decreased by 4978 hands to 1590 hands, position volume of 291000 hands. Lunni temporarily closed in the small negative line, the shadow line to explore the 5-day moving average pressure, the K column as a whole is still below an EMA, standing at $16200 / ton line, this evening concerned about the top 5-day moving average pressure, to see if it can be stabilized at the $16200 / ton level. Today's focus on data from the UK to November 7 central bank interest rate decision, the United States to November 2 to the beginning of the week of jobless claims (10,000 people). In the evening, the Bank of England released interest rate resolutions, minutes of the meeting and monetary policy report; Bank of England Governor Carney (Mark Carney) held a press conference.
Shanghai Nickel 1912 contract opened today at 130670 yuan / ton, before noon, the center of gravity around the daily average line of 131000 yuan / ton near a narrow range of fluctuations. In the afternoon, the Shanghai nickel shock weakened, fell below the daily average, and finally closed at 130570 yuan / ton, down 510 yuan / ton, or 0.39%, from the settlement price of the previous trading day. The trading volume was reduced by 243000 hands to 425000 hands, and the position was reduced by 9000 hands to 180000 hands. Shanghai nickel closed in the small negative column today, the K column touched the 5 / 20 moving average, the top is still facing a number of moving average resistance, this night to pay attention to whether Shanghai nickel can hold the 130000 yuan / ton barrier.
In the spot market, Russian nickel today rose 2400 to 2600 yuan / ton compared with Shanghai Nickel 1912. Compared with Shanghai Nickel 1912 contract, Jinchuan Nickel rose 3900 to 4200 yuan / ton, Russian nickel rose and fell, and Jinchuan rose water to maintain stability. For Shanghai nickel holders in November, most of them choose to deliver, and the liquidity in the spot market is on the low side. Shanghai Nickel 1911 and Shanghai Nickel 1912 contract upside down 4000 yuan / ton, moved to Shanghai Nickel December holders have increased water, but the spot basically did not close, the market is difficult to sell. The ex-factory price of Jinchuan Company is 135000 yuan / ton, 700 yuan / ton lower than yesterday. In the afternoon, nickel prices weakened and the transaction remained light.