SMM9 March 15: most of the domestic metal market is red today. By the end of daytime trading, Shanghai zinc rose 1.78%, Shanghai lead rose 1.41%, Shanghai aluminum rose 1.08%, Shanghai nickel rose 0.91%, Shanghai copper rose 0.17%, Shanghai tin fell 0.23%. In terms of nickel, the spot fundamentals fluctuated little, and a small amount of purchases were made downstream on demand, and the market focus was still focused on nickel ore-nickel iron-stainless steel industry line. The price of nickel ore has risen all the way in the case of a considerable shortage of supply, the high price of Ferro nickel has been supported by raw material support and tight supply, and the mentality of high production in stainless steel plants has not been significantly reduced for the time being, and this production line still has a strong support for nickel price. however, at present, the fluctuation of macro factors has a more obvious disturbance to the nickel price in the short term.
[today's Nickel Market] the high shock spot demand in Shanghai Nickel Morning Market is difficult to continue the transaction situation is not as good as yesterday.
In terms of copper, the Shanghai Copper 2009 contract is facing delivery today, opening at 52130 yuan / ton and closing at 52040 yuan / ton, down 30 yuan / ton, or 0.06%. It was settled at 51960 yuan / ton, with a position of 4265 hands and a delivery volume of 21325 tons.
[brief Review of SMM Copper Futures] China's industrial data in August revealed positive signals to support the high-level operation of Shanghai Copper.
In terms of lead, Shanghai lead recorded Sanlianyang today, the k-line entity stood on the 5-day moving average, the KDJ index was exposed upward, and the technical surface showed a trend to stop falling and stabilized. in addition, macroscopically, China's investment and consumption data in August were improving, and the investment mood was more optimistic. at night, pay attention to whether Shanghai lead will further explore the target of 15200 yuan / ton.
[brief Review of lead in SMM period] Shanghai lead report closed at 15200 at night in Sanlianyang.
In terms of black, thread fell 1.88%, hot coil fell 1.51%, stainless steel rose 0.38%, coke fell 0.4%, coking coal fell 0.32%, iron ore fell 1.78%. 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 previous period of crude oil fell 0.19%, and international oil prices strengthened. Although the novel coronavirus epidemic led to a slow recovery in global fuel demand, OPEC and IEA successively lowered demand forecasts, causing widespread concern in the market. But U. S. oil supplies face the threat of hurricane disruptions, supported by investors covering short positions ahead of OPEC+ 's meeting later this week to discuss the implementation of the production reduction agreement.
In terms of precious metals, Shanghai gold rose 0.21%, Shanghai silver rose 1.15%, and international spot gold prices hit a two-week high as the dollar weakened and investors turned their focus to the Fed's policy meeting. seek details of how it plans to hold down interest rates while boosting inflation.
Closing during the day, contracts in the metals and crude oil markets:
Today's capital flow
In terms of capital flow, more than 2.3 billion funds continue to flow into commodity futures. Unlike yesterday, almost all of them went into industrial products today, with 1.184 billion of the black chain index alone, of which coke won 722 million, and the chemical sector has methanol stars. Nearly 800 million funds are supported. Non-ferrous plate funds did not change much, but Shanghai nickel hot money outflow, the loss of 213 million funds, glass soda ash fell hand in hand, 288 million funds left the glass market.
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