Metals fell by the daily limit of thermal coal and coking coal in the afternoon [SMM Daily Review]

SMM11 March 1: from today, many European countries begin to implement winter time. European financial markets will trade an hour later than daylight saving time, starting next Monday, European stock markets will open at 16:00 Beijing time and close at 00:30 the next day. The release of economic data from European countries will also be one hour later than daylight saving time. The dollar index rose throughout the day, with the US yield curve flattening last week to its highest level since the summer of 2020, judging by the difference between two-year and 10-year Treasury yields. The move was triggered in part by expectations that the Fed would start raising interest rates earlier than previously expected to quell inflation.

The metal market fell in the afternoon, and the overall performance of Shanghai Tin was relatively stable, holding on to most of the gains in early trading, and finally closed up 4.87%. Shanghai Zinc fell slightly after the afternoon decline, closing up 1.58%. Shanghai Nickel and Shanghai lead plunged sharply in the afternoon, one after another from rising to falling, with Shanghai Nickel down 1.28% and Shanghai lead down 1.07%. Shanghai Aluminum and Shanghai Copper fell in the afternoon, with Shanghai Copper down 0.93% and Shanghai lead down 1.07%. In terms of black, the three coal brothers still showed weakness and continued to decline, thermal coal sealed the daily limit, coking coal closed down the limit, and coke fell 6.77%.

As for the outer disk metal, all the outer disk metal dived in the afternoon, and as of 3Rule 00, the outer disk metal changed from rising to falling one after another, only Lunxi stood firm to hold on to the weak increase, and all the other varieties were green.

In terms of the stock market, the non-ferrous metals index rose 1.32%. Xinplatinum shares, Hesheng shares, alloy investment and Jixiang shares rose one after another, while Bowei Alloy, Asia-Pacific Science and Technology, and Nanshan Aluminum rose.

"A-share three major stock indexes show that photovoltaic, wind power, energy storage and other sectors are still active [stock market close]

For copper, today's warehouse receipt quotation is 82-96 US dollars / ton, the average price is 4 US dollars / ton lower than the previous trading day, QP11 month; the bill of lading quotes 82-100 US dollars / ton, the average price remains the same as the previous trading day, QP12 month, the quotation refers to the source of goods arriving in November. LME 0-3 litres of water is 312.5 US dollars / ton, and the import loss of 12 contracts is around 150RMB / ton.

Back structure expands US dollar copper price but no market [SMM Yangshan copper spot]

"Click to view the price of SMM copper products.

Tin, the short-term trend of contracts in recent months may be strong under the support of low inventories and tight supply in the spot market. While the long-term trend is likely to continue to strengthen when the demand side gradually gets rid of the influence of power cuts.

Low inventory, cautious funds, strong contract trend in recent months [brief Review of SMM Tin]

"Click to view the price of SMM tin products

Today, the prices of all series of stainless steel in Foshan have been adjusted back, and the mainstream price of series 300 has returned to the base price of 19800 yuan / ton. The stock of series 300 is gradually burdened, the quantity of goods arriving is relatively normal, but the demand is not as strong as before, and the price of series 400 is no longer firm. The number of orders accepted by steel mills has also decreased.

Stainless steel prices all fell and pulled down shipments as the main reason for the decline? [Foshan stainless Steel Daily Review]

"Click to view the price of SMM stainless steel products.

Closed during the day, metal futures market situation:

"check the metal futures market.

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