[SMM afternoon Review] Shanghai lead Shanghai Zinc Shanghai Nickel rose more than 1% Nonferrous Red Shanghai Silver rose more than 1% crude oil fell slightly

SMM9 March 15: the domestic metal market is generally red this morning. By the close of trading in the morning, Shanghai lead rose 1.47%, Shanghai zinc rose 1.37%, Shanghai nickel rose 1.21%, Shanghai aluminum rose 0.66%, Shanghai copper rose 0.29%, Shanghai tin fell 0.4%. Macroscopically, the National Bureau of Statistics released a report in August under the strong leadership of the CPC Central Committee with Comrade Xi Jinping at the core. All localities and departments have scientifically co-ordinated epidemic prevention and control and economic and social development, production demand has continued to pick up, employment prices have been generally stable, the vitality of development has been further enhanced, and economic operation has continued to recover steadily.

National Bureau of Statistics: sustained and stable recovery of the national economy in August

Lead, early trading in Shanghai lead concussion uplink, the overall 5-day average of 15084 yuan / ton. Lead prices rise, waste battery traders have a strong price sentiment, and it is difficult for refineries to recycle low prices. The shipping mood of reductive lead is enhanced, and the downstream of recycled refined lead is afraid to fall carefully, mainly due to rigid demand.

[SMM afternoon Review] recycled lead: Shanghai lead low rebounded downstream afraid of falling and cautious mining

Tin, after a small pullback last night, the plate showed a horizontal finishing trend, and the average price of tin was flat. Tin prices have not changed much, today continues yesterday's light atmosphere, downstream willingness to receive goods is not high, adult Shanghai tin market trading atmosphere is light.

[SMM afternoon Review] the trading volume in the lower reaches of the slight correction is light.

In terms of black, thread fell 0.82%, hot coil fell 0.79%, stainless steel rose 0.9%, coke rose 0.23%, coking coal fell 0.28%, and iron ore fell 0.89%. In early trading today, a number of economic data were released, causing sharp fluctuations in the disk. Specifically, from January to August, national real estate development investment increased by 4.6% year-on-year, 1.2 percentage points higher than in January-July. The housing construction area of real estate development enterprises increased by 3.3% over the same period last year, an increase of 0.3 percentage points over January-July. The area of new housing starts fell by 3.6%, or 0.9 percentage points. The area of land purchased by real estate development enterprises decreased by 2.4% compared with the same period last year, an increase of 1.4 percentage points over the period from January to July. Although the growth rate of investment data is OK, the area of new construction continues to decline, and the decline in the area of land purchase with a certain degree of leadership has expanded, combined with the central policy tone of "housing speculation" and recent measures to tighten real estate policies have been introduced frequently, the late real estate demand is expected to weaken, causing the market to fall back again.

The last period of crude oil fell 0.27%, and international oil prices continued to fall slightly in a narrow range overnight. As uncertainty about exactly when global fuel demand will recover from the collapse triggered by the epidemic lingers, OPEC lowered its demand forecast for 2021 by 1.1 million barrels per day to 28.2 million barrels per day, putting pressure on oil prices. But global stock markets generally rose on Monday, especially the sharp rise in US stock markets, indicating that investors' risk appetite may increase. Still provide support for oil prices.

In terms of precious metals, Shanghai gold rose 0.3%, Shanghai silver rose 1.39%, and international spot gold refreshed three-day highs to $1965.97, as positive news about novel coronavirus's vaccine and a wave of mergers and acquisitions boosted global stock markets. the dollar fell below the 93 mark on Monday and remained weak on Tuesday.

By the close of trading in the morning, the contracts in the metals and crude oil markets were as follows:

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