[SMM afternoon Review] Collective floating Red Shanghai Aluminium Shanghai Nickel pulls up more than 3% Iron Ore gains narrow Thread Hot Roll higher

SMM8 March 30: most of the non-ferrous metals market is red today, of which the Shanghai aluminum market rose significantly, rising more than 3%, refreshing the highest level since March 2008. Shanghai nickel also rose more than 3%. By midday, international copper was up 1.96%, Shanghai copper was up 1.73%, Shanghai aluminum was up 3.41%, Shanghai lead was up 0.49%, Shanghai zinc was up 0.85%, Shanghai nickel was up 4.02%, and Shanghai tin was up 0.9%.

In terms of zinc, the transaction price of zinc, the mainstream brand in Ningbo market, is about 22,680 yuan / ton, 190 yuan / ton for 2109 contracts, and 30 yuan / ton for Shanghai premium. Affected by the delivery of long orders, traders currently do not have much supply of goods, and the supply of goods in Ningbo is still in a tight state. The willingness of the holder to sell goods at a high price is relatively strong, and there is a low reserve in the lower reaches, and the market transaction is weak. [SMM afternoon Review] Zinc in Ningbo: zinc price trend is strong and reserves are low downstream.

In terms of black series, thread rose 3.96%, hot coil rose 3.65%, coking coal fell 0.02%, coke rose 0.83%, iron ore rose 0.78%, and stainless steel rose 3.09%. In terms of hot volumes, last week, the transaction was good at both ends and weak in the middle. As prices rose, the enthusiasm for picking up goods downstream gradually decreased, and weak demand could hardly support steel prices to continue to rise, so prices began to fall last Wednesday, and prices bottomed out last Friday to rebound. Trading has also improved. At present, it is in the rush hour of the transition of the off-peak season, and there are signs of a pick-up in demand, but there is a continuous lack of power. Downstream attitude is cautious, mostly low-price transactions, traders delivery is not smooth, the market wait-and-see mood is strong. The convening of the global central bank meeting will dominate the market trend in a short period of time.

Last-issue crude oil rose 1.5%, and Brent crude futures rose on Monday after a powerful hurricane swept across the Gulf of Mexico, forcing hundreds of offshore oil platforms to shut down and evacuate. (NHC), the national hurricane center, said Ida became an extremely dangerous Category 4 storm on Sunday, making landfall at 11:55 CET (1655GMT) near (Port Fourchon), Louisiana, the center of the offshore energy industry in the Gulf of Mexico.

In terms of precious metals, household registration rose 0.86%, Shanghai silver rose 1.8%, and international gold prices climbed to their highest level in more than three weeks on Monday after Federal Reserve Chairman Colin Powell did not provide any clear guidance on the timetable for reducing economic support at the Jackson Hole economic conference. Speculators increased their net long positions in COMEX gold and silver in the week ended Aug. 24, according to (COMEX) of the New York Mercantile Exchange.

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

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