Home / Metal News / Precious Metals / [SMM afternoon Review] Nickel in Shanghai rose to its highest level in more than five months, non-ferrous common gains, black series with both ups and downs, the last period of crude oil floating green.
[SMM afternoon Review] Nickel in Shanghai rose to its highest level in more than five months, non-ferrous common gains, black series with both ups and downs, the last period of crude oil floating green.
Jul 6,2020 11:56CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 6: most of the non-ferrous metals market is red this morning. By the end of midday trading, Shanghai nickel rose 2.5%, Shanghai tin rose nearly 2%, Shanghai aluminum rose nearly 0.5%, Shanghai zinc rose slightly, Shanghai copper and Shanghai lead fell nearly 0.2%, and the macro atmosphere was warm. Shanghai nickel, which was weak and fluctuating in the early stage, continued to push forward, rising in a straight line in intraday trading today, up nearly 3%, and the futures price rose to the highest level since late January this year. Shanghai tin is not to be outdone, rising nearly 2%, the futures price has reached its highest level since mid-December, and the rise and fall of other metals is relatively limited. Recently, the A-share market has risen rapidly, and optimism in the financial market has been high. Superimposed nickel mines in Indonesia have been boosted by news blocked by local residents, and nickel is expected to make a strong breakthrough. However, from a fundamental point of view, the tension in the nickel mine has been alleviated, and the subsequent release pressure of nickel and iron in Indonesia is greater. Last Friday's weekly inventory data showed that copper stocks ended six consecutive declines, rising more than 10, 000 tons to 114318 tons, with copper futures, which rose sharply in the previous period, under pressure.

In terms of black, threads rose nearly 0.3%, stainless steel rose nearly 0.2%, hot rolls rose slightly, iron ore fell nearly 0.3%, coking coal fell nearly 0.4%, coke fell nearly 1.4%, news surface. The Shandong Provincial Department of Ecological Environment recently issued the "guidance on Sub-industry Management and Control of unorganized emissions from Industrial Enterprises in Shandong Province" to strengthen the in-depth control of unorganized emissions from industrial enterprises. The guidance puts forward guidance on the management and control of unorganized emissions one by one for 18 key industries, such as iron and steel, building materials, non-ferrous power, thermal power and foundry, so as to improve the level of fine management of unorganized emissions and help win the blue sky defense war.

Crude oil fell nearly 0.5 per cent in the previous period, boosted by better-than-expected US jobs data and a decline in crude oil inventories, although the US epidemic raised concerns that the recovery in energy demand could stall. Analysts point out that oil prices are notoriously volatile when global confidence swings, and if the number of new crown cases continues to increase and increase the need for stronger measures to stop the spread of the virus, then these policies will weaken the impact of economic growth and may depress oil prices.

Close by noon

Today's spot

Copper:

Aluminum:

Lead: South China lead 14725 yuan / ton in Guangdong market, 25 yuan / ton for SMM1# lead price; Jinli 14700 yuan / ton in Henan area, flat water quotation for SMM1# lead price (trader); Minshan, Henan 15700 yuan / ton, flat water quotation for SMM1# lead price; Shuikoushan, Hunan 14700 yuan / ton, flat water quotation for SMM1# lead price (trader); Jiang Copper 14700 yuan / ton, flat water quotation for SMM1# lead average price. Jinde 14650 yuan / ton, 50 yuan discount to SMM1# lead price. Anhui Bronze Crown 14600 yuan / ton, 2007 contract discount 50 yuan / ton. Yunnan small factory 14350 million 14400 yuan / ton, the average discount price of SMM1# lead 300 yuan 350 yuan / ton. Lead prices have fallen at a high level, downstream consumption is still in need of procurement, and there is an abundant supply of goods in circulation in the market.

Zinc: Shanghai Zinc mainstream traded at 16780 RMB16860 per ton, while Shuangyan and Chihong traded at 16800 RMB16880 per ton; Zinc from Shanghai, Shuangyan and Chihong traded at RMB16780 per ton; Shuangyan and Chihong reported water rising at 70,80 yuan / ton in July; and Zinc mainstream traded at 16700Mel 16780 yuan / ton. The main trading volume of Zinc in Shanghai was 16780 yuan per ton, while that of Shuangyan and Chihong was 16,880 yuan per ton. Shanghai Zinc 2007 contract intraday volatility higher, the morning market closed at 16750 yuan / ton. Smelter normal shipments, traders mainly shipments, morning market quotation stable at about 80 yuan / ton, weak transaction price down to 75 yuan / ton or so, a small number of underreported to rise water about 70 yuan / ton, soon the transaction disappeared, the overall transaction is still weak, downstream to maintain on-demand procurement, the overall transaction is roughly the same as last week.

The mainstream turnover of Zinc ingots in Tianjin market was 16850mur16930 yuan / ton, Zijin was traded at 16930mur17000 yuan / ton, Huludao was quoted at 18130 yuan / ton, Zinc was generally quoted around RMB 130 / ton to 150 yuan / ton for 2007 contract, Zijin quoted water at around 210murue 220 yuan / ton for July contract, and the Tianjin stock market remained at around 6070 yuan / ton compared with Shanghai stock market. Today, Shanghai zinc remains volatile, the spot market maintains a rising discount price, and the price is relatively uniform. The ordinary brand Bering News quoted a rise of 140 yuan per ton for the 07 contract, and Hongyi quoted a rise of 150 yuan per ton for the 07 contract. Chi Hong quoted a rise of 130 yuan per ton for the 07 contract, and the high-priced brand Zijin quoted a rise of 210 RMB220 per ton for the July contract, while Baiyin quoted a rise of 150 yuan per ton for the 07 contract. Yunxi Daily quoted 100 yuan / ton of water for 07 contract, Xikuang (delivered) quoted 120 yuan / ton of water for 07 contract, fourth Ring Road (delivered) quoted 100 yuan / ton of water for 07 contract, KZ/YP quoted 70 yuan / ton of water for 07 contract, and Harbin Zinc (including depot) quoted 60PRI 70 yuan / ton for 07 contract. Zinc prices remain volatile today, as Zijin factory has no shipment today, it will be shipped after 7.10, the trader Zijin brand bid for shipment, but the transaction is poor, while other brands maintain rising sticker water quotations, shipments are also reduced; downstream, the downstream still needs weak procurement, the overall willingness to receive goods is general. On the whole, today's turnover is light. Zinc ingots were traded around 16,750,16820 yuan per ton of zinc ingots.

The price difference between Ningbo and Shanghai ordinary brands is around 10 yuan per ton since last Friday, while the price difference between Ningbo and Shanghai ordinary brands has remained around 10 yuan per ton since last Friday, while the mainstream transaction of Ningbo has been traded at 16750 murmur16850 yuan per ton, while the contract for ordinary brands of ordinary brands in Ningbo has been trading at around 2007 yuan per ton. The supply of goods in Ningbo market is less circulating today, and some traders are willing to raise the price. In the first period of the morning, Tiefeng was near 90 yuan / ton for the July contract, and the West Mining newspaper was about 80 yuan / ton for the July contract. A small amount of Kirin arrived, and the traders were more willing to raise the price. It was quoted that the water rose 100 yuan / ton for the July contract. Entering the second period of time, as the market turnover is relatively light, and traders are unwilling to ship goods at a low price, the rising water in the market is more deadlocked, which is basically maintained at about 80,000,000 yuan / ton for the July contract. Overall, today's Ningbo market turnover is relatively light, mainly because last Friday some enterprises replenish treasury overdraft this week consumption, most downstream enterprises are mainly wait-and-see. Today's transaction is worse than last Friday.

Nickel:

Tin:

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