Metal near the whole line floating red Shanghai lead slightly fell 0.03% thermal coal rose nearly 8% [SMM Daily Review]

Published: Mar 2, 2022 16:35
Source: SMM
[SMM Daily Review: metal nearly all floating red Shanghai lead slightly fell 0.03 per cent thermal coal rose nearly 8 per cent] as of the day's close, the basic metal only Shanghai lead floating green, almost flat, down 0.03 per cent. Both Shanghai zinc and Shanghai nickel rose by more than 2%. Black series only stainless steel closed down 0.45%, coking coal increased by 3.89%, thermal coal increased by nearly 8%, and iron ore closed by 4.64%.

SMM3 March 2: the dollar index rose slightly in the afternoon, and crude oil futures continued to rise last night. As of 15:05, the dollar index was up 0.2%, while US crude oil and Brent crude oil were both up about 6.5%.

Metal market: as of the day's close, the basic metal only Shanghai lead floating green, almost flat, down 0.03%. Both Shanghai zinc and Shanghai nickel rose by more than 2%. Black series only stainless steel closed down 0.45%, coking coal increased by 3.89%, thermal coal increased by nearly 8%, and iron ore closed by 4.64%.

View the spot historical price of SMM metal

LME metal futures: in the afternoon, Lun Zinc rose sharply, Lun Ni slightly pulled up, Lun lead dived slightly; as of about 15:10, Lun Zinc rose 1.84%, Lun Nickel rose 1.38%, Lun Copper fell nearly 0.4%, and Lun lead fell 0.08%.

As of 15:15 today:

"Click to view the real-time market.

SMM Daily Review

Stainless steel: the spot prices of all departments in Foshan market remain flat today. The current average market price of 300 series is about 18000 yuan / ton. a large number of goods arrived in the market last week, and the current demand is difficult to keep up with. After a small rebound in the afternoon yesterday, the market should still take the goods. Yesterday, the news of the latest exhibition of the new production project of Xiangshui stainless steel was released, which may be put into normal production in March, plus the steel mills are all planned to resume production in March. The resumption of production in March can be cashed in the market, and the follow-up market.

Increase production and reduce production double attack stainless steel is stable and medium weak [Foshan stainless steel daily review]

"View the price of SMM stainless steel products

The stock market closed

The market began to adjust today, Prev low opening concussion rebounded, gem index low opened after the weak concussion.

On the disk, hot spots in the market rotate rapidly throughout the day, oil and gas plates are strong throughout the day, and gem stocks rise by the daily limit of oil. In addition, coal, non-ferrous, photovoltaic and other plates are active in turn, but most of them rush high and fall down. In terms of decline, semiconductor-related sectors led the decline today.

On the whole, individual stocks rose more than fell today, with more than 2500 stocks rising in the two cities. Today's turnover on the Shanghai and Shenzhen stock markets is 898 billion, a decrease of 71.1 billion compared with the previous trading day. In terms of plates, oil and gas exploration, coal and other plates led the rise, PCB, semiconductors, military industry and other plates led the decline.

By the close, the Prev index was down 0.13%, the Shenzhen index was down 1.05%, and the gem index was down 1.77%. Northbound funds sold 776 million yuan net throughout the day, of which Shanghai shares sold 451 million yuan and Shenzhen stocks sold 325 million yuan.

The coal industry sector rose three times in a row, and the sector index rose more than 2% today. Five stocks floated green, including ST Dayou and Jinjiao Coal Industry fell slightly, Jingyuan Coal Power fell 0.5%, future shares fell nearly 1%, of which Panjiang shares fell by 1.28%; other stocks were floating red, Yunmei Energy rose by the daily limit; Yanzhou Mining Energy, Ping Coal shares and Meijin Energy rose by 8.69%, 5.48% and 4.22% respectively.

The three major A-share indexes all closed lower. Coal and other sectors led the gains. Semiconductor = other sectors led the decline. [stock market closed]

"View the price of SMM copper products

"View the price of SMM aluminum products

"View the price of SMM lead products

"View the price of SMM zinc products

"View the price of SMM tin products

"View the price of SMM nickel products

[SMM Today's News] the basic metals in the inner plate are all floating red, and the thermal coal is up more than 5%. | A list of spot performance

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
ARM to Invest $840M in Bokoni Platinum Restart, Raising Cash Flow Concerns Despite Market Potential
Aug 7, 2026 21:32
ARM to Invest $840M in Bokoni Platinum Restart, Raising Cash Flow Concerns Despite Market Potential
Read More
ARM to Invest $840M in Bokoni Platinum Restart, Raising Cash Flow Concerns Despite Market Potential
ARM to Invest $840M in Bokoni Platinum Restart, Raising Cash Flow Concerns Despite Market Potential
African Rainbow Minerals (ARM) plans to reopen Bokoni Platinum in South Africa with R15.2 billion in investment over seven years, targeting annual PGM production of up to 400,000 ounces from around 2030. The project follows a new feasibility study and a previous R2.2 billion impairment in ARM’s 2025 financial year. The restart has raised investor concerns over capital intensity and near-term cash generation, particularly if ARM also proceeds with the Two Rivers Merensky project. RMB Morgan Stanley estimates that funding both projects could push ARM into negative free cash flow for two to three years. ARM shares reportedly fell sharply following the Bokoni announcement. However, the project could benefit from improving PGM market fundamentals. South African PGM production is declining while renewed automotive demand, supported by slower-than-expected EV adoption, could strengthen prices. ARM entered the project with a strong balance sheet, including R9.5 billion in net cash at end-June. Bokoni's restart could add significant future PGM supply, but its high capital requirements and challenging mining history create execution and cash-flow risks for ARM.
Aug 7, 2026 21:32
AI Data Centre Demand Could Widen PGM Deficits
Aug 7, 2026 19:12
AI Data Centre Demand Could Widen PGM Deficits
Read More
AI Data Centre Demand Could Widen PGM Deficits
AI Data Centre Demand Could Widen PGM Deficits
[SMM Express] AI-driven data centre expansion is emerging as a new source of platinum group metals (PGMs) demand that could further tighten markets already facing supply deficits. Valterra Platinum reportedly estimates AI-linked data centre demand for PGMs at 200,000–400,000 ounces, with potential to increase fivefold by 2030. The additional demand is particularly relevant for platinum and ruthenium, which are already forecast to remain in deficit in 2026. Platinum's full-year deficit forecast has been raised to 297,000 ounces, while above-ground stocks are expected to fall below three months of global demand cover by year-end. Meanwhile, hybrid vehicle growth is helping sustain automotive PGM demand despite rising battery-electric vehicle adoption. However, palladium remains an exception, with its weaker performance linked largely to an unresolved US trade dispute rather than AI-related demand.
Aug 7, 2026 19:12
Platinum-Based Fuel Cell Technology Could Support Data Centre Power Demand
Aug 7, 2026 16:53
Platinum-Based Fuel Cell Technology Could Support Data Centre Power Demand
Read More
Platinum-Based Fuel Cell Technology Could Support Data Centre Power Demand
Platinum-Based Fuel Cell Technology Could Support Data Centre Power Demand
Researchers at Washington University in St. Louis and partner institutions have developed a new platinum-cobalt catalyst design that could improve the durability and efficiency of low-temperature fuel cells, potentially supporting power generation for data centres. The technology uses platinum-cobalt nanoparticles confined within hollow carbon nanochannels, helping prevent the nanoparticles from clumping or degrading during operation. Platinum is widely used as a fuel-cell catalyst because of its high catalytic performance but its cost remains a key challenge. Accordingly, the new catalyst maintained around 85% of its performance during testing designed to simulate 25,000 hours of operation. The development could have implications for platinum demand if fuel cells become more widely adopted for distributed power generation. This is particularly relevant as data-centre electricity consumption is expected to rise significantly with growing digital and AI infrastructure. However, further development and commercial validation will be required before large-scale deployment.
Aug 7, 2026 16:53