SMM1 March 21: the whole non-ferrous metals market is red today. by the end of the day, international copper rose 0.36%, Shanghai copper rose 0.41%, Shanghai aluminum rose 1.7%, Shanghai lead rose 1.1%, Shanghai zinc rose 0.96%, Shanghai nickel rose 0.66%, and Shanghai tin rose 2.31%. At the macro level, after Biden was sworn in as the 46th president of the United States on Wednesday, he signed 17 executive orders in the Oval Office requiring all federal agencies to wear masks, return to the Paris climate agreement, and end funding for building walls along the U.S.-Mexico border. Yellen, the new Treasury Secretary nominated by President Joe Biden, testified to the Senate Finance Committee on Tuesday, saying the United States should take aggressive action on the economy and calling for more stimulus packages in the coming weeks or months.
In terms of copper, Biden was sworn in as president of the United States, Schumer served as the majority leader of the Senate, and global capital markets rose. On the data side, the U. S. homebuilder confidence index fell to a four-month low in January, weaker than the median expected by economists. But mortgage applications for home purchases rose to their highest level since 2008 in the week ended January 15. The market still has good expectations for a series of operations after the Biden government took office, and the mood in the capital markets remains optimistic. Today, the opening of the KDJ line crosses and turns upward, the green column of the MACD line shortens, the solid column basically gets 5-day and 10-day average support, and the Brin middle rail support is also very obvious. Keep an eye on the meetings of Japan and the European Central Bank in the evening to see whether optimism among bulls can continue to strengthen, driving copper prices above 59500 yuan / ton again.
[brief Review of SMM Copper Futures] the low opening and high going target of Shanghai copper futures is aimed at 59500 yuan / ton.
Lead, today Shanghai lead by 15150 yuan / ton first-line support horizontal market shock to close Xiaoyang column, the top long shadow points directly to Brin on the track, KDJ indicators upward exposure expansion, the technical side shows a more trend. At the same time, there is not much bulk supply in the lead city recently, especially the recycled lead smelters are gradually on holiday, the supply side is tight, and lead prices are expected to remain strong in the short term. However, the spot market downstream pre-festival reserve stock purchase is gradually completed, high-level procurement is cautious, and the front-line pressure of 15200 yuan / ton above Shanghai lead is still large. Considering that macroscopically, LME lead inventory has been substantially removed from the warehouse, the strength of Lun lead may boost the mood of the bulls, and pay attention to whether the bulls will continue to test whether to break through the first line of 15200 yuan / ton at night.
[brief Review of lead in SMM period] Xiaoyangzhu pays attention to 15200 yuan / ton first line at night.
In terms of black, thread rose 1.72%, hot coil 0.7%, coking coal 0.88%, coke 3.91%, iron ore 0.9%, stainless steel 0.31%. Since last week, Hebei Province has implemented global closed management in Shijiazhuang, Xingtai, Langfang and other places, personnel and vehicles do not go out, and transportation takes the most stringent control measures. The increase in transportation costs in some local areas will then provide some support to prices. However, it should also be noted that epidemic control will also have a certain negative impact on the demand side. At the same time, the demand for building materials in other northern regions has basically stagnated, and the accumulation of steel inventory has accelerated, putting pressure on steel prices. However, the current inventory accumulation has not exceeded expectations, and traders are generally optimistic about the spring market, coupled with the Spring Festival approaching, short-process steel mills are expected to reduce production, the later supply is likely to contract, superimposed iron ore replenishment demand support prices, coke 14th round increase and landing, the supply gap is still difficult to be effectively alleviated.
[SMM Analysis] it is strongly expected that the decline in steel prices may slow down.
Crude oil rose 0.09 per cent in the previous period and international oil prices fell on Thursday after data showed an unexpected increase in crude oil inventories in the US last week, rekindling fears that epidemic restrictions eroded fuel demand, but US stimulus measures hope to limit price declines. Analysts point out that oil prices seem a bit vulnerable to potential profit-taking after a fall in U.S. crude oil inventories is expected to increase by 2.56 million barrels.
In terms of precious metals, Shanghai gold rose 1.38%, Shanghai silver rose 2.47%, and the dollar index fell slightly. The market expects the Biden government to significantly increase its stimulus measures. After Biden was sworn in as the 46th president of the United States on Wednesday, he signed 17 executive orders in the Oval Office requiring access to all federal agencies to wear masks, returning to the Paris climate agreement, and ending funding for the construction of walls along the U.S.-Mexico border.
Close during the day
"check out more metal prices.
[stock market closes] A-shares move higher across the board and stocks rise and stop the tide. Coal, non-ferrous and other plates are rotated to pull up.
The index fluctuated higher throughout the day, the gem index rose more than 2%, the turnover returned to trillions, individual stocks rose more than 9% and fell less, up more than 9% and more than 100 stocks, and the market has a better moneymaking effect. On the plate, the Baotuan plate and individual stocks are rotated to repair, the performance of liquor stocks is strong, the Sichuan energy power of Lithium Electric people's air mark goes up and down, the rare earth plate continues to break out, and individual stocks rise and stop. Genetic testing, coal, non-ferrous metals, food, brokerage, games and other plates are rotated up, and on individual stocks, the high-bid central South Real Estate and Xianghe Industries have plummeted, and some of the holding stocks, such as Oriental Wealth and Haikangwei, have reached new highs again. On the whole, the market is dominated by rotation, and it is difficult to operate. On the market, rare earths, coal, fund sequencing and other sectors led the rise, property management, registration sub-new, papermaking and other sectors led the decline. As of the close, the Prev index rose 1.07% to close at 3621 points, the Shenzhen Composite Index rose 1.95% to close at 15520 points, and the gem index rose 2.46% to close at 3283 points. "View details
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