SMM12 March 28: the dollar index rose slightly today, up 0.02% as of 15:50. The rise of international crude oil fell, with US crude oil up 0.24 per cent and Brent crude up 0.09 per cent as of 15:50.
Today, metal futures rose, while coal led the decline. At the close of trading during the day, among the basic metals, only Shanghai Aluminum and Shanghai Zinc closed down, with Shanghai Aluminum down 0.28% and Shanghai Zinc down 0.82%. Shanghai copper rose more than 1%, Shanghai nickel rose 0.75%, Shanghai tin rose 0.39%, and Shanghai lead rose 0.13%. The main force of stainless steel closed up 0.33%.
"View SMM Metal spot Historical Price
Shanghai Copper continued yesterday's (December 27) night trading gains, that is, a slight decline in the opening state, rose in late trading. Spot market, Shanghai copper discount showed a low report high trend, a small increase of 10 yuan / ton compared with yesterday. The Pingshui copper morning market begins with a discount of 90-80 yuan per ton. the supply of low-price goods attracts well-funded traders to inhale on the bargain, the market inquiry is active, and the buying interest picks up. The holder sees the trend to raise the offer to about 70 yuan / ton, and the purchase continues to make the price continue to rise. The discount obviously narrowed. In the second trading period, flat copper has been difficult to find a discount of 70-60 yuan per ton for next month's ticket supply, and some consignors have quoted a discount of 40 yuan / ton. Late afternoon even heard a small amount of discount 30 yuan / ton flat copper quotation.
"Click to view the price of SMM copper products.
The decline of Zinc in Shanghai was narrower than that of yesterday (December 27), the opening decline widened, and the operation was relatively stable to the daytime close. On the spot side, the price of zinc in Shanghai is low. In the morning, the average price of ordinary zinc ingots for next month's ticket was quoted at a discount of 400.30 yuan / ton for the 2201 contract to 30million yuan / ton. Today, the market has turned to quotation for next month's ticket. The market is still dominated by shipments, and the transaction is not good. Entering the second period of time, the rising water was basically maintained, and the holder's ordinary zinc ingot contract was quoted at a discount of 400.30 yuan / ton to 2201. On the whole, traders cleared inventory and closed accounts at the end of the year, and the long order for next year has not yet begun, resulting in a poor trading atmosphere in the market, which is generally dominated by shipments. the market is still quoted at a discount, while the trading of downstream enterprises is still light.
"Click to view the price of SMM zinc products
Coal and black series fell together, coke fell by more than 4%, coking coal fell by more than 3%, narrowed compared with yesterday (December 27), and thermal coal closed down 3.49%. Iron ore fell by more than 3%, thread by 1.53% and hot rolling by 0.83%, all warmer than yesterday.
As of 16:03, the metal futures market:
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SMM Daily Review of Metal Market
International copper BC: today BC copper 2203 main contract overall performance for the small pressure downside, opening to last night's high of 63250 yuan / ton, and then the price pressure, quickly down to a low of 62940 yuan / ton, early afternoon price slight callback, up to 63180 yuan / ton, failed to break through before the high, before and after the midday stop prices fell continuously, breakthrough before the intraday low of 62690 yuan / ton, a small pullback after the final close of 62970 yuan / ton. The increase was 1.32%, an increase of 820 yuan per ton, with a daily increase of 1764 positions, mainly for bulls to increase their positions to 7126 hands, with a trading volume of up to.
The intraday price of BC copper fell slightly due to the suppression of 4-hour passage line [SMM International Copper BC Review]
Recycled aluminum: aluminum prices today maintain shock decline, SMM A00 aluminum prices are slightly lower than yesterday's 30 yuan / ton to 19780 yuan / ton, recycled aluminum prices are running smoothly. In terms of domestic prices, the quotations of large domestic recycled aluminum enterprises remain unchanged at 20350-20550 yuan / ton; for small and medium-sized plants, quotations are also stable, maintaining around 19700-19900 yuan / ton. In terms of import and export, the current import window continues to be closed, and the immediate import loss expands slightly. Today, aluminum prices fell slightly, recycled aluminum prices relatively stabilized, price fluctuations are small. The overall market turnover is general, downstream enterprises more stable procurement. It is expected that the price of recycled aluminum in the near future.
Aluminum prices fell slightly and recycled aluminum prices stabilized [ADC12 Price Daily Review]
Alumina: as mentioned by SMM yesterday, the unstable supply of long orders in Luyu area has released part of the spot demand due to weather control, but the current fluctuation of production capacity in the north has led to relatively low spot inventory, so the spot transaction price of alumina in Henan has risen somewhat. According to SMM, the current mainstream quotations of alumina plants in Shanxi and Henan are concentrated at about 2850 yuan / ton. In the short term, The trading of alumina in Jin-Yu area is relatively active, SMM alumina quotation.
The price gap of alumina from the north to the south is gradually widening [SMM Daily Review]
Electrolytic aluminum: today, the main 2202 contract of Shanghai Aluminum opened at 19820 yuan / ton in early trading, and the intraday short positions rose mainly, with the lowest point of 19740 yuan / ton and the highest point of 19880 yuan / ton, closing at 19860 yuan / ton, up 40 yuan / ton, or 0.2%. The position decreased by 2530 lots to 215000 lots, with a turnover of 106000 lots. Technically, the green column of the hourly MACD index narrows, and the front-line pressure of 20, 000 yuan / ton is still there. In terms of fundamentals, the cost of domestic aluminum is declining, the profit of electrolytic aluminum is getting better, and some aluminum plants in Yunnan and Inner Mongolia have resumed production slightly recently, and the output of domestic electrolytic aluminum has risen slowly, but the proportion of domestic ingots ….
The spot market turnover is light and Shanghai Aluminum fluctuates in a narrow range [brief Review of SMM Aluminum Futures]
"Click to view the price of SMM aluminum products
Lead: within the day, the main 2202 contract of Shanghai lead opened at 15450 yuan / ton, and at the beginning of the day, Shanghai lead went down rapidly, and then many forces clashed. Shanghai lead went down to a low of 15365 yuan / ton, and then the bulls gradually increased their positions. Shanghai lead touched a high of 15425 yuan / ton in the afternoon, and the high pressure was obvious. Shanghai lead shock fell back to close at 15400 yuan / ton, up 20 yuan / ton, or 0.13%. The position decreased by 947 lots to 42372 lots, with a turnover of 46868 lots. From a technical point of view, the red column of the lower MACD is shortened, the downward closure of KDJ is still expanded, and the air pressure on the technical side is highlighted. On the spot market, at the end of the year, the sale of goods on the smelting end and the trade market also comes to an end, and the supply side is accompanied by shipments.
The price of lead has stopped falling and stabilized. Under the weak spot, there is greater pressure to rebound [brief review of lead in SMM period]
"Click to view the price of SMM lead products
Zinc: today, the main contract of Shanghai zinc 2202 opened at 24170 yuan / ton, arranged horizontally above the daily average, fluctuated slightly, fluctuated around 24000 yuan / ton, broke through the 5-day moving average upward, and finally closed at 24100 yuan / ton, down 200 yuan / ton. It fell by 0.82%. The position decreased by 2301 hands to 102125 hands. Shanghai zinc gets the positive line. Shanghai zinc closed down slightly. On the spot side, the spot transaction is relatively bleak, one is due to the closure of some traders near the end of the year, and the other is ….
Consumption without bright spot Shanghai Zinc closed down slightly [brief Review of Zinc in SMM]
Tin: Shanghai tin 2202 contract closed at Xiaoyang line, the price closed around 290000 yuan / ton, compared with yesterday's closing daily fluctuation of 0.72%. On the market trend, the overall fluctuation of the daily trading of 2202 contracts was relatively stable, and the price rebounded quickly after the opening price in the afternoon, and the final closing price remained near the integer mark of 290000 yuan / ton. 2201 the trend of the contract basically maintained Synchronize, and the price rise continued to repair the basis. Funds continue to enter the market steadily, and the market is heating up. From the fundamental point of view, the domestic warehouse receipt inventory decreased slightly, and the mainstream transaction price remained stable because it was difficult to ship goods in the spot market. To sum up, there is no sign of a major change in the relationship between supply and demand in the short term.
The current price gap in the period of rapid rebound in Shanghai tin gradually narrowed [brief review of tin in SMM]
"Click to view the price of SMM tin products
Nickel: today, the main contract of Shanghai Nickel 2202 opened at 149450 yuan / ton in the morning. Bulls made a profit to reduce their positions after the opening, nickel prices went down, and nickel futures fell back to the lowest intraday trading price of 147600 yuan / ton, giving up night trading gains. Around 10: 00 in the morning below the support, nickel prices concussion upward, the end of the day back to 149000 first-line consolidation. During the day, Shanghai nickel closed at 149200 yuan / ton, up 1110 yuan / ton, or 0.75%, over the previous trading day. 239000 lots were traded, while positions decreased by 6664 to 148670 lots. Today's nickel closed in the small positive column, the center of gravity upward, the upper 150000 line of pressure is greater. In the news, the Philippines was hit by a typhoon.
LME closed Shanghai Nickel disk shock support is weak 150000 higher pressure [brief Review of Nickel in SMM]
"Click to view the price of SMM nickel products
Stainless steel: today, the spot price of stainless steel in Foshan market is basically flat, and the market turnover has fallen somewhat. Most of the market thinks that the market seems to have gone almost. Because before, merchants were sure that the higher shipments were due to the fact that there was not much inventory either in the market or downstream, and even some of them were in a short position downstream. At present, the replenishment operation of stainless steel inventory has been successfully put on the agenda after the price rise, but today's futures are still relatively stable. Throughout the past few days, the trend also seems to have entered a state of shock and stabilization. There are some merchants in the spot market who ship goods of 100,200 yuan per ton. SMM expects the spot price of Foshan stainless steel.
Stainless steel trading began to fall? The market believes that stainless steel has entered a stabilizing stage [Foshan stainless Steel Daily Review]
"Click to view the price of SMM stainless steel products.
Iron ore: today even iron continued wide concussion down, the main contract 2205 closing price of 673.5, down 3.37% throughout the day. Port spot traders early quotation down 10 yuan / ton compared with yesterday, some traders are active shipments, steel mills are still wait-and-see. Today's port spot transaction atmosphere is poor. The turnover of PB powder in Shandong area was 780-795 yuan / ton, down 5-20 yuan / ton compared with yesterday. The transaction price of super powder was 480-485 yuan / ton, down 10-15 yuan / ton compared with yesterday. SMM tracking data show that a total of 67 ships arrived at China's main ports from December 20 to December 26, with an estimated arrival volume of 10.173 million tons, which is higher than that of the previous period.
Iron ore market [Daily Review]
Coke: on the supply side, recently, the operating rate of coking enterprises has remained stable, sales are good, coke inventory pressure is small, but affected by environmental inspection, some coke enterprises slightly limit production, coke supply tends to be tight. On the demand side, with the end of the reduction of crude steel production and the end of the dual control policy of energy consumption, the blast furnace resumption of steel mills is expected to be strong, and the replenishment of coke is stronger. At the raw material end, the limited production of most coal mines in Shanxi, the supply of coking coal continues to tighten, and downstream.
Coke steel enterprises are in a game situation [SMM Coke spot Daily Review]
The stock market closed
Afternoon shock rebound in the market, the gem index led the rise. In the afternoon, the lithium battery plate continued to strengthen in the afternoon, with the rising tide in the plate, including Xingyun shares, Huazhong CNC up more than 10%, Tibet Everest, Rongjie shares, Yongxing Materials, Zangge Mining, Tibet City Investment and so on. Lithium battery plate continued to fall before, today's rise is a short-term oversell rebound. In addition, afternoon brokerage, CRO and other plates have changed, but the rise is general, the overall market hot spots are more messy, rotation is faster. In terms of decline, green power-related plates still led the decline, but the decline has narrowed, of which the wind power plate rebounded significantly in the afternoon, the early leading Daijin heavy industry rose the limit.
On the whole, individual stocks rose more than fell less today, more than 2600 stocks rose, and the number of stocks rising in the afternoon increased significantly. Today's trading volume on the Shanghai and Shenzhen stock markets is 100.27 million yuan, which is 2.79 million higher than that of the previous trading day, and the trading volume is back above the trillion level.
On the disk, salt lake lithium extraction, digital currency, glyphosate, instruments and other plates rose in the forefront, while coal, electric power, traditional Chinese medicine, natural gas, hydrogen energy and other plates led the decline.
By the close, the Prev index was up 0.39%, the Shenzhen Composite Index was up 0.83%, and the gem index was up 1.06%. Northbound funds have a net inflow of 1.293 billion yuan throughout the day, of which Shanghai shares have a net inflow of 1 billion and Shenzhen stocks have a net outflow of 293 million.
The small metal sector rose for the first time today after three consecutive declines, with the sector index up 1.25%. In terms of individual stocks, China Mineral Resources, northern rare earths, platinum new materials, Hengdian East Magnetic, tin shares and so on have floated red.
The A-share three major indexes all closed up coal, electricity, hydrogen energy and other sectors leading the decline [stock market close]
[SMM Evening News] A list of the performance of the spot market in the general rise of metals | the supply of nickel mines in the Philippines will be affected by the typhoon.
