SMM survey: what kind of metal do you like most in 2022?
SMM12 March 23: the dollar index has been at a high since November 24, and has fallen for four consecutive days since Monday. As of 15:20, it was down 0.05 per cent. International crude oil fell slightly today after rising for two consecutive days.
Closed during the day, non-ferrous all closed up, only iron ore fell 0.65%. Shanghai zinc closed up 2.81%, shanghai nickel 2.67%, shanghai aluminum 2.24%, shanghai lead 1.85%, shanghai copper nearly 1%, shanghai tin slightly up 0.35%. The main force of stainless steel closed up nearly 3%.
SMM interpretation: under the background of high electricity prices in Europe, zinc prices are easy to rise and difficult to fall.
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Shanghai Aluminum continued yesterday's night rally as SMM learned that information about rising energy and electricity prices in Europe continued to ferment, with its center of gravity rising above $2830 a tonne, followed by an intraday rise of more than 2 per cent. In the short term, Shanghai Aluminum is strongly boosted by low inventory and Lun Aluminum to maintain a high level of shock, we still need to pay attention to the sustainability of consumption and the impact of changes in costs at home and abroad on the supply side.
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Shanghai Nickel rose for two consecutive days and rose steadily in intraday trading today. Spot aspect, SMM research, the current nickel board spot rising water price has been reduced, especially Jinchuan nickel, due to part of the warehouse receipt outflow, spot rising water down by a large margin. Today, Russo Nickel quoted 1000-1300 yuan / ton for the 2201 contract, 4000-4200 yuan / ton for Jinchuan nickel market, and 4000 yuan / ton for nickel bean. In terms of market transactions, the strength of nickel prices also affects the trend of spot transactions to a certain extent, and the performance of market transactions is weak.
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SMM interpretation: this week's sharp rebound in nickel prices can continue to rise?
In the coal sector, black toothpaste smiled with pure white teeth. Coking coal rose six times in a row, closing up 1.24 percent today; coke rose three times, up 0.6 percent today; and thermal coal rose slightly.
Black series, thread, hot-rolled floating red, thread closed up 0.56%, hot-rolled slightly increased 0.04%.
After the end of the Asian market, the trend of LME metals showed a slight differentiation, in which Lun copper, Lun aluminum, Lun Ni fell slightly, Lun lead, Lun zinc rebounded slightly.
As of 16:55, the metal futures market:
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SMM Daily Review of Metal Market
International copper BC: today BC copper 2202 contract overall performance for horizontal volatility, BC copper opened down slightly, setting an intraday low to 62190 yuan / ton, and then the price opened horizontal volatility, low, midday high of 62400, afternoon opening price high, breaking through the afternoon high to 62480 yuan / ton, before the afternoon close prices rose again, setting an intraday high of 62600, and finally closed at 62460 yuan / ton. The increase was 1.1%, up 680 yuan / ton, with a daily reduction of 383 positions, mainly as short positions were reduced to 3018 lots, with a trading volume of 9300 lots.
BC copper does not show pressure rising trend does not decrease to reach a new high in December [SMM International Copper BC Review]
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Electrolytic aluminum: today, the main 2201 contract of Shanghai Aluminum opened at 20190 yuan / ton in early trading, the highest point was 20300 yuan / ton, and closed at 20260 yuan / ton, up 440 yuan / ton, or 2.22%. The position decreased by 15207 lots to 96500 lots, with a turnover of 121000 lots. Information about rising energy and electricity prices in Europe continued to ferment, with the center of gravity of the outer plate rising above $2830 a tonne, followed by Shanghai Aluminum's intraday rise of more than 2 per cent. Short-term Shanghai Aluminum.
News of power shortage in Europe continues to ferment Shanghai Aluminum Co., Ltd. to rise by more than 2% in a day [brief Review of SMM Aluminum]
Recycled aluminum: today, the information about the rise in energy and electricity prices in Western Europe continues to ferment. Shanghai Aluminum followed Lun Aluminum's daily increase of more than 2%. SMM A00 aluminum price rose 510 yuan / ton to 20070 yuan / ton compared with yesterday, and the spot price broke through 20000 / ton again. Recycled aluminum price also generally rose. Domestic prices, domestic large recycled aluminum enterprises relatively increased 200 yuan / ton to 20500-20700 yuan / ton; small and medium-sized factories, quotation rose 100 yuan / ton to 19800-20000 yuan / ton. In terms of import and export, the current import window continues to be closed, and the import immediate loss narrows. Today's aluminum price.
Aluminum price goes up and recycled aluminum price goes up [ADC12 Price Daily Review]
Alumina: the impact of weather control in the north has not been alleviated, and some manufacturers are still unable to start the roasting process, which will still affect the output of alumina in the region in the short term, but when the weather quality improves, the reduced amount of alumina in this part will be quickly made up. On the whole, the current controls actually failed to reverse the fundamentals of a small excess of alumina, and did not give enough confidence to the market for the time being, so alumina prices failed to rebound, mainly to stabilize in stages. Today, the SMM regional weighted index was 2818 / ton, which was flat compared with yesterday, while Shandong was reported at 2850-2980 yuan / ton, which was flat compared with yesterday.
Alumina stabilizes in stages and today's price is flat [SMM Daily Review]
Tin: Shanghai-tin 2201 contract closed at Xiaoyang line in daily trading, the price closed at around 287000 yuan / ton, an increase of 0.22% on the day. On the market trend, the daily trend of the 2201 contract is high and horizontal, and the overall volatility of the daily market is relatively small. Funds will continue to be transferred to new contracts today, and 2202 contracts will become the main contracts on the next trading day. Today, the 2202 contract closed at around 284000 yuan / ton. From the fundamental point of view, the domestic warehouse receipt inventory decreased slightly, the spot market transaction price.
Shanghai tin price is still in the range of high contract replacement funds leaving the market [SMM tin brief review]
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Stainless steel: the price of stainless steel 300 series steel in Foshan market has gone up again today. One is the news from a large steel factory that the shipping speed of opening plate is faster, and the agent is allowed to adjust the position to prepare inventory. Under the interpretation of the market, the volume of rolled plate goods is less. In addition, this large steel mill raised the plate price again in the afternoon, the futures metal rose generally, and the market became more lively. Near the end of the purchasing boom at the end of the year, because the early prices fell too much, Downstream customers do not have too much inventory, looking at the market seems to have another rise, the heart of hoarding is ready to move, but for the market how to go next, the market ….
Stainless steel starts a new round of rise and multiple factors pull up [Foshan stainless Steel Daily Review]
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The stock market closed
In the afternoon, the index fluctuated and rebounded stronger, with the Shanghai 50 index leading the rise. Green Power concept stock continued to be strong in the afternoon, Huaneng International, which has a market capitalization of more than 100 billion yuan, rose by its daily limit in the afternoon. In terms of joint-board stocks, the effect of losing money in the afternoon continued to expand, and high-level stocks fell and stopped. But on the other hand, in the afternoon, Shenzhou high-speed railway and Yanhua intelligently staged the sky board.
On the whole, more than 3000 stocks in the two cities fell today, and individual stocks showed a general decline pattern. Today's turnover on the Shanghai and Shenzhen stock markets is 14.8 billion higher than that of the previous trading day.
On the market, electricity, coal, wind power, auto parts and other sectors rose in the forefront, real estate development and other sectors led the decline.
By the close, the Prev index was up 0.57%, the Shenzhen Composite Index was up 0.49%, and the gem index was up 0.15%. Northbound capital inflows totaled 2.492 billion yuan throughout the day, ending a continuous net outflow, with 3.045 billion of Shanghai stocks and 553 million of Shenzhen stocks.
The non-ferrous metals sector rose three times in a row, and the plate index rose 1.3% today. Individual stocks, Jiaozuo Wanfang, Aluminum of China, Chujiang new materials all rose by the daily limit. Bowei alloy, Asia-Pacific Science and Technology, Yunnan Aluminum shares have followed up.
The three major A-share indexes were among the top gainers in electricity, coal, auto parts and other sectors [stock market closing]
Highlights: [SMM Today's News] Nonferrous general rise | European energy crisis broke out again | Summary of the performance of the metal spot market
