The metal market fell and rose in the black market [SMM afternoon review]

SMM12 March 15 news: the dollar intraday wide shock, metal market sentiment pessimistic, have recorded a decline. In terms of inner metal, the decline of Shanghai copper was narrowed, closing down 0.22%. The decline of Shanghai aluminum concussion was further enlarged, down 0.81%, and the narrow range fluctuation of Shanghai lead was weaker, down 2.57%. The overall performance of the outer plate metal is better than the inner plate, Lun copper, Lun nickel recorded floating red, other varieties fell slightly.

In terms of black, hot rolls and screw plates were pulled up in a straight line, repairing the initial decline in one fell, hot rolls up 1.92%, threads up 1.3%, coke coal and coke shock rose, coke rose 0.37%, coke rose 1.04%.

In terms of copper, Guangdong stocks ended two consecutive increases and fell again, returning to less than 10,000 tons. At the beginning of the morning, when the consignor took the initiative to lower the level of water for delivery, the lowest level of copper was 60 yuan / ton. But after 10:30, as the monthly gap narrowed rapidly, there were few shippers, even if there was an offer.

After the monthly difference narrowed, buyers increased market trading slightly better than yesterday [SMM South China Copper spot]

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In terms of aluminum, Shanghai Aluminum narrowly operated near 19100 yuan / ton before noon, and spot transactions in East China focused on 20 yuan / ton discount to the disk, the holder continued to sell goods at a high price, and the enthusiasm of middlemen and downstream kept stable. Before Shanghai Aluminum changed months, the monthly difference narrowed to around 30 yuan / ton, and some of the consignors kept value and moved back to the contract.

The loss of imported aluminum ingots narrows down and the spot stock in East China is strong.

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In terms of zinc, in the first trading session, the market arrival volume increased again, but the downstream demand did not improve, and the shipments of the holders were not smooth, so they continued to quote a price of 10-30 yuan / ton on the net price. Kirin, Mengzi, Huize 2201 contract discount of 80,100 yuan / ton, Tiefeng discount 100,110 yuan / ton.

Guangdong Zinc: the market arrival volume increases again, the holder continues to reduce the discount [SMM afternoon review]

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As for crude oil, oil prices fell for the third day in a row, and the market is increasingly expecting supply growth to outpace demand growth next year.

On precious metals, spot gold prices rose slightly on Wednesday after falling sharply in the previous session, as investors followed the Fed's two-day policy meeting for clues about scaling back the pace of bond purchases.

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

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"Click to view the price of SMM lead products

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