SMM6 March 25: the whole line of non-ferrous metals is red in the morning. by midday, international copper rose 0.21%, Shanghai copper rose 0.06%, Shanghai aluminum rose 0.96%, Shanghai lead rose 0.97%, Shanghai zinc rose 0.57%, Shanghai nickel rose 3.2%, Shanghai tin rose 0.76%. Tin, the trend of the main tin 2108 contract in Shanghai this morning first suppressed and then rose, and the focus of operation was higher than yesterday. Tin prices have risen, the willingness of smelters to ship goods has increased, and the market price has continued to weaken. The mainstream quotation: Yunxi to 2108 contract water rise 3800-4000 yuan / ton, ordinary cloud word to 2108 contract water rise 2000-3000 yuan / ton, other brands rise water 1800-2300 yuan / ton. Downstream fear of heights and wait-and-see mood is still high, trading is light.
[SMM afternoon Review] Shanghai and tin prices continue to rise and trading is light
In terms of black series, thread rose 1.07%, hot coil rose 1.56%, coking coal rose 0.32%, coke 1.65%, iron ore 0.64%, stainless steel 2.64%, iron ore, according to SMM tracking research, the domestic blast furnace operating rate continued to decline 0.9% to 84.9%, hot metal output is expected to continue to decline. In addition, due to the early safety accident at the Daixian Iron Mine and the approaching 100th anniversary of the founding of the Party, the local Ministry of Industry and Information Technology recently issued a requirement for 84 concentrators and 83 iron ore powder processing plants throughout the county to implement power outages; according to SMM, the local mines have not yet received the time to restore power supply, and for some mines with insufficient raw ore reserves, if the power supply is not restored in time, it will have an impact on concentrator production.
The last period of crude oil rose 0.56%. According to news, Indian Oil Minister Dharmendra Pradhan told senior OPEC officials at a video conference on Thursday that high oil prices have brought huge inflationary pressure to India. He called for "affordable" supply with prices within a "reasonable range" and again called on OPEC+ to increase production.
In terms of precious metals, Shanghai gold fell 0.47% and Shanghai silver rose 0.02%. International gold prices held steady on Friday, and investors waited for US inflation data to be released later today after conflicting signals from Fed officials to raise interest rates this week. Inflation is likely to stay above target for longer than many colleagues expected, two Fed officials said on Thursday. The US economy is rebounding rapidly from last year's downturn, but the labour market still needs to improve significantly, according to two other officials.
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