Metal prices are mixed. Lead in Shanghai has fallen by more than 1.8%. Black series gains have narrowed [SMM afternoon Review]

SMM12 March 20: the US dollar is fluctuating down near midday today, and the metal market is mixed. Although Shanghai Aluminium and Shanghai Nickel fell slightly in early trading, it still successfully held its position in midday and became the only two floating red in the base metal. Shanghai Aluminum closed up 1% at midday, while Shanghai Tin rose 0.39%. Shanghai lead and Shanghai zinc both fell near midday, with Shanghai lead down 1.88% and Shanghai zinc down more than 1.2%.

The black department showed a strong performance, and the whole line was red at noon. But most of the gains narrowed near midday, with iron ore up 0.73 per cent and hot-rolled threaded stainless steel up more than 0.3 per cent. In terms of double coke, coking coal rose more than 2.5%, and the rising trend of coke at noon was suspended and finally stabilized at 3061.5 yuan / ton.

The performance of the outer disk was slightly inferior to that of the inner disk, and the whole line was floating green around 11:30. Among them, lun lead decreased the most, reaching 1.54%, followed by lun zinc by 0.75%, and the rest of the varieties recorded varying degrees of decline.

As for copper, the spot price of electrolytic copper in North China today offered a discount of 50 yuan / ton to the monthly contract. The average price of 0 yuan / ton was 50 yuan / ton higher than that of the previous trading day. The transaction price was 68850-69130 yuan / ton, and the average price of 68990 yuan / ton was 310 yuan / ton lower than that of the previous trading day. Copper prices fluctuated lower today.

"the price of copper is falling, and the holder is shipping at a positive price [SMM North China Copper spot].

"Click to view the price of SMM copper products.

In terms of aluminum, Shanghai Aluminum continued the rebound trend on Monday. At the beginning of the week, the domestic social inventory of aluminum ingots decreased by 19000 tons to 891000 tons compared with last Thursday, giving some support to aluminum prices. East China spot continued to operate around 100 yuan / ton, and the overall turnover was mainly around 19580 yuan / ton.

"the cost of electrolytic aluminum falls below 18000 and the profits of aluminum enterprises pick up.

"Click to view the price of SMM aluminum products

In terms of zinc, the mainstream trading of zinc in Shanghai was 23700 yuan / ton, while that of Shuangyan was 23780 yuan / ton, that of Shuangyan was 400.60 yuan / ton, that of Shuangyan was 120,140 yuan / ton, and that of Shuangyan was 23570,23700 / ton.

Shanghai Zinc: market activity decreases, transaction dismal today [SMM afternoon Review]

"Click to view the price of SMM zinc products

Tin, the market is mainly based on the fixed price quotation model, the rising water quotation model is less, the trader Yunxi card quotation is less, the overall rising water has not changed much compared with last Friday. Combining the quotations of various brand traders and smelters, the rising water range is ….

"the performance of the spot market is stable and the trend of Shanghai and tin remains volatile [SMM afternoon Review]

"Click to view the price of SMM tin products

In terms of crude oil, oil prices continued their decline on Friday on Monday, with oil prices falling more than 2% in both markets. The surge in Omicron cases in Europe and the US has raised concerns among investors about the market outlook that new restrictions on commercial activities to prevent the spread of its variants could hit fuel demand.

In precious metals, spot gold rose on Monday, hovering near the previous session's three-week high, as concerns about the rapid spread of O'Micron boosted gold's safe-haven appeal.

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

"Click to see more SMM metal prices.

"Click to view the price of SMM lead products

"Click to view the price of SMM nickel products