SMM2: the dollar index fluctuated in intraday trading today, with the dollar and safe-haven currencies holding gains on Monday, while risky currencies struggled, as traders were uneasy about the prospect of war in Europe and worried about soaring inflation. The Fed will release the minutes of its January meeting on Wednesday. As of around 15:50, the dollar index was almost flat, up 0.02 per cent.
Russia-Ukraine geo-events continue to ferment, pushing up the long enthusiasm of the crude oil market. Crude oil futures hit another record high today, with US crude up 1.24 per cent and Brent up 1.08 per cent as of 15:30.
Basic metals fell in daily trading today, with only Shanghai lead and Shanghai Nickel closing up 0.56% and 1.6% respectively. Shanghai tin fell 2%, Shanghai copper and zinc fell about 1.5%, and Shanghai aluminum closed down 1.11%.
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February 11, Shanghai tin hit a new high, fell sharply today, according to SMM research, the spot market, the upstream smelter quoted a stable number of price differences have narrowed, in addition to individual smelters will be strong, the overall refinery quotation is still a small increase around the contract for that month. According to the general feedback from traders, today's market transactions significantly improved compared with last week, individual merchants' shipments reached their recent peak, and the main reason for the recovery in market transactions may be related to the purchase willingness of downstream demand stimulated by falling prices.
Tin price volatility narrowed to maintain improvement in horizontal spot market shipments
Black series only stainless steel main closed up 2.48%, iron ore fell 6.84%, thread, hot rolling down about 3.5%.
On February 11, in view of the recent changes in iron ore prices, the Price Department of the National Development and Reform Commission and the Price Supervision and Competition Bureau of the General Administration of Market Supervision planned to send a joint research team to some commodity exchanges and key ports to carry out supervision and research on the iron ore market. The research group will focus on understanding the recent changes in iron ore inventory and the participation of relevant enterprises in spot transactions during the iron ore period, and listen to the departments concerned on strengthening the linkage supervision of the spot market in the period. We will severely crack down on fabricating and spreading price increase information, hoarding and hoarding, driving up prices, and malicious speculation. "View details
Coal series, coking coal and coke closed up 0.85% and 0.48% respectively, while thermal coal decreased by 2.57%.
LME metal futures weakened in the afternoon, while Renni rose prominently, rising more than 3 per cent at one point in intraday trading. As of around 15:45, Lunni was up 2.14 per cent and Lun aluminum was up 1.48 per cent. Entering the European and American period, Lun Zinc dived and was flat as of 15:50.
As of 15:50 today:
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SMM Daily Review
Recycled aluminum: aluminum prices today continue the decline of last Friday, A00 aluminum prices fell 350yuan / ton to 22580 yuan / ton, recycled aluminum prices fell significantly. In terms of domestic prices, the quotations of large domestic recycled aluminum enterprises have been reduced by 250 yuan / ton to 22000-22300 yuan / ton; for small and medium-sized plants, the quotation has dropped to around 21800-22000 yuan / ton. In terms of import and export, the recent import quotation is around US $2650-2750 / ton, and the market source of goods.
Aluminum price shock weakens, recycled aluminum price continues to adjust [ADC12 price daily review]
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The stock market closed
Today, the market fluctuated and fell, led by the Shanghai Composite Index.
On the market, the pharmaceutical stocks represented by novel coronavirus's treatment opened stronger, and then the relevant plates rotated higher after the recovery of the epidemic, but most of the plates that rose in early trading in the afternoon fluctuated and fell back. In terms of decline, securities, banks and other financial stocks led the decline today as the main drag on the weakening of the index.
On the whole, today's stocks fell more than rose less, more than 2300 stocks in the two markets fell. Today's turnover on the Shanghai and Shenzhen stock markets is 862.5 billion, which is 129 billion lower than that of the previous trading day, and the market volume has shrunk sharply today.
In terms of plates, novel coronavirus treatment, precious metals and other plates led the rise, while securities, banks, digital currency, real estate development, iron and steel and other plates led the decline.
By the close, the Prev index was down 0.98%, the Shenzhen index was down 0.77%, and the gem index was down 0.52%. Northbound funds sold a net of 3.788 billion yuan today, of which Shanghai shares sold 1.37 billion and Shenzhen stocks sold 2.418 billion.
After falling for two days in a row, the small metal plate rose today, and the sector index rose 1.02%. Individual stocks, Yinglohua limit, Ningbo Yun Sheng, earth bear, cloud sea metal and so on floating red.
The three major A-share indexes all closed down, precious metals and other sectors led the gains in real estate development, steel and other sectors led the decline [stock market closing]
[SMM Today's News] Metal rises and falls, stainless steel rebounds strongly, iron ore is down more than 7% | Summary of spot market performance
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