SMM8 March 25: most of the non-ferrous metals in today's market are floating red. During the closing day, the main contracts were as follows: international copper rose 0.97%, Shanghai copper rose 0.88%, Shanghai aluminum rose 0.93%, Shanghai lead fell 0.32%, Shanghai zinc rose 1.41%, Shanghai nickel rose 1.54%, and Shanghai tin rose 2.08%. In terms of copper, today's Shanghai copper reopens the cross star, the KDJ curve opens upward, and the green pillar of the MACD line shortens again. The shadow line of the cross star is close to the Brin middle orbit, and the bottom is supported by today's moving average. Today, we focus on the initial month-on-month value of durable goods orders in the United States in July (estimated at-0.3%, the previous value is 0.9%). From the employment data, durable goods orders are more likely to decrease than the initial value, and whether they can give the market a certain signal before the conference. However, judging from the performance of the Lunchong pull above 9400 US dollars / ton in today's European market, it seems that the performance of durable goods data has been difficult to reverse the trend that the market continues to rebound.
[brief Review of SMM Copper Futures] the gradual layout of Shanghai Copper continues to rebound, fluctuating above 69000 yuan / ton in a day.
In terms of aluminum, Shanghai Aluminum's main position 2110 contract opened at 20450 yuan / ton in the morning, with a high level of 20665 yuan / ton, the lowest price of 20440 yuan / ton, and finally closed at 20600 yuan / ton, an increase of 0.93%. The turnover was 313000 lots, and the position increased by 18043 lots to 313000 lots. The trend of the US dollar is under pressure to superimpose the US infrastructure to support the outer disk aluminum price, the fundamentals still have many disturbances on the supply side, but domestic consumer demand fell in the same period, and the national aluminum ingot social inventory continued to show only a small accumulation. Under the contradiction between supply and demand, aluminum prices are expected to operate in a strong range in the short term.
[brief Review of SMM Aluminum Futures] intra-day horizontal trading is mainly spot and weak.
In terms of black series, thread rose 0.87%, hot coil rose 0.2%, coking coal rose 3.31%, coke 3.08%, iron ore 1.9%, stainless steel 1.32%. Today, the coke market in Shanxi is running steadily, and mainstream coke enterprises have followed Hegang to increase 120 yuan / ton in an all-round way. Some coke enterprises and steel mills in Linfen area are still implementing environmental protection production restrictions, which are expected to end by the end of September. Because coking coal prices continue to rise and then continue to push up the production costs of coke enterprises, profits are squeezed, and now the profits of coke enterprises in Shanxi that mainly produce CDQ can still be maintained between 230 yuan / ton to 270 yuan / ton. the coke enterprises that mainly produce water quenching coke have even been losing money, so in the face of the high prices of coking coal and coke, some people panic, but more people continue to hold a positive and optimistic attitude towards the future of coke.
[SMM Coke spot Daily Review] the sixth round of coke rally basically landed on the market is still optimistic.
Crude oil rose 2.82% in the previous period, while international oil prices fell on Wednesday, taking a breather after previous strong gains. Oil prices rose strongly this week, boosted by a 1/4 loss of production in Mexico and signs of improved demand prospects. The United States, the world's largest oil consumer, seems to have maintained good demand, according to the latest data from the American Petroleum Institute ((API)).
In terms of precious metals, Shanghai gold fell 0.56%, Shanghai silver rose 0.12%, and international spot gold fell on Wednesday, as the rising dollar and improved risk-taking appetite weakened the charm of safe-haven gold. Investors waited for Federal Reserve Chairman Colin Powell's speech this week to find guidance on the Fed's scaling back its bond-buying program.
"check the metal futures market.
[stock market close] the three major A-share indexes rose for the third day in a row. Coal and non-ferrous resources stocks were sought after.
The two markets continued to rebound today, with the Prev rising 0.74% in the afternoon and the gem up 0.54% in late trading. Stocks in the two cities are more red than green, with a better profit-making effect, with a turnover of about 1.3 trillion yuan, breaking the trillion yuan for the 26th consecutive trading day. Resources stocks continue to heat up recently, oil and gas led the rise yesterday, coal, non-ferrous resources stocks are sought after today, the photovoltaic industry chain rose throughout the day, the plate staged a stop, HIT cells, film, components, photovoltaic glass, BIPV and other stocks have risen sharply, organosilicon afternoon soaring, leading Hesheng silicon industry rose to an all-time high, with a market capitalization of 200 billion. Stimulated by the news, China Shipping system continued to rise, China Shipbuilding Science and Technology, Chinese ships rose by the limit. In addition, lithium electricity stocks continued to pick up, degradable plastics concept stocks rose in the afternoon, major financial adjustment, semiconductors, military industry fell, liquor, medicine and other over-falling consumption continued to rebound. On the market, silicone, coal, HIT batteries led the rise, Hongmeng concept, securities, digital currency fell in the forefront. As of the close, the Prev index rose 0.74% to close at 3540 points, the Shenzhen Composite Index rose 0.23% to close at 14697 points, and the gem index rose 0.54% to close at 3348 points.
