Home / Metal News / The financial market has repeatedly hit new highs! Lenny once rose more than 7% black firm [SMM Daily Review]

The financial market has repeatedly hit new highs! Lenny once rose more than 7% black firm [SMM Daily Review]

iconMar 3, 2022 18:39
Source:SMM
SMM Daily Review: financial markets have repeatedly hit new highs! Lunni once rose more than 7% black firm] as of the day's close, the basic metal only Shanghai lead fell slightly 0.8%, Lunni rose more than 5%, a record high; Lun aluminum rose 3.71%. Black is all red, with iron ore up 6.83%, stainless steel up 4.76%, and coking coal up 2.45%.

SMM3 March 3: the dollar index rose slightly today, Brent crude oil refreshed the new high since May 2012, US crude oil refreshed the new high since 2008, as of 15:45, the dollar index rose 0.16%, Brent crude oil and US crude oil both rose more than 4%.

Metal market: as of the day's close, the basic metal only Shanghai lead fell 0.8%, Lunni rose more than 5%, a record high; Lun aluminum rose 3.71%. Black is all red, with iron ore up 6.83%, stainless steel up 4.76%, and coking coal up 2.45%.

View the spot historical price of SMM metal

LME metal futures: Lun Nickel twice refreshed, rose more than 7% at one time, as high as 27815 US dollars / ton, the highest since March 31, 2011, as of around 16:15, LME metals are floating red, Lunni rose 5.8% slightly lower, Lun Zinc rose 3.44%.

As of 16:16 today:

"Click to view the real-time market.

SMM Daily Review

Alumina: according to SMM, Rusal plans to temporarily shut down the production of Nikolaev alumina refinery in Ukraine, involving a production capacity of 1.7 million tons, there is a strong reduction in supply expected to soar, overseas alumina is in the rising channel, the current Western Australia FOB price is 452 US dollars / ton, equivalent to the domestic mainstream port RMB price of 3705 yuan / ton. Domestic alumina has few favorable factors, accompanied by the supply side.

The spread of alumina prices at home and abroad has further widened [SMM Daily Review]

"View the price of SMM aluminum products

Tin: the Shanghai-tin 2205 contract rose 0.80% today, the closing price was 342410 yuan / ton, and the settlement price was 341700 yuan / ton. On the market, the night trading price opened about 1% higher, fluctuated downwards after a small rise, stopped falling and stabilized near yesterday's settlement price, and then maintained a narrow range of fluctuations; the daily market generally maintained the upward state of range shock, and the trend was relatively stable, and the intraday volatility was not large. Although today's Shanghai Tin 2205 contract amplitude is 1.9%, but the night market to maintain a unilateral decline, the day to maintain a unilateral upward trend, operation.

The main futures tin contract shows a "V" trend and the spot market has a cold transaction [brief review of SMM tin]

"View the price of SMM tin products

Nickel: the spot market rose water. Jinchuan nickel rose 3200-3500 yuan / ton to 2204 contract, with an average price of 3650 yuan / ton lower than yesterday, while Russian nickel spot water rose 3000-3100 yuan / ton to 2204 contract, with an average price of 2900 yuan / ton. up 150 yuan / ton compared with yesterday. Intraday trading is hot, with a 63922 increase in trading volume compared with yesterday. The position increased by 4118 hands, of which the position increased sharply by 2424 hands in the last 15 minutes of the last session. The technical aspect indicated that the long capital flows into the market, is opening a large number of positions, the current internal and external market price difference is too big, the recent price ….

Excessive price difference between inside and outside of Shanghai Nickel rose significantly in late trading [brief Review of SMM Nickel]

"View the price of SMM nickel products

The stock market closed

The market opened high and fluctuated today, and the gem index led the decline. On the market, oil and gas exploration concept stocks benefited from the sharp rise in international oil prices continued to be strong. In addition, intraday coal, gas, hydrogen energy and other plates are active. Although the index is weak, but the short-term mood is more active, nearly 80 stocks limit, nearly 30 stocks linked board. In terms of decline, semiconductor, military, lithium battery and other track stocks fell into adjustment.

On the whole, today's stocks fell more than rose less, more than 2600 stocks in the two markets fell. Today's turnover on the Shanghai and Shenzhen stock markets is 1.0101 trillion, 112.1 billion higher than that of the previous trading day.

In terms of plates, oil and gas exploration, ports, coal and other plates led the rise, while HJT batteries, semiconductors, military and other plates led the decline.

By the close, the Prev index was down 0.09%, the Shenzhen index was down 1.09%, and the gem index was down 1.51%. Northbound funds sold 731 million yuan net throughout the day, including 800 million yuan bought by Shanghai Stock Exchange and 1.531 billion yuan sold by Shenzhen Stock Exchange.

The coal industry sector rose for the fourth time in a row, and the sector index rose more than 3% today. In terms of individual stocks, only Yanzhou Mining Energy fell, down 1.52%; Yunmei Energy and Haohua Energy rose by the daily limit, Shanxi controlled Coal Industry rose by more than 6%, and Mountain Coal International rose 5.73%. St continent rose nearly 5%.

The three major A-share indexes all closed down, oil and gas exploration, ports, coal and other sectors led the gains [stock market close]

"View the price of SMM copper products

"View the price of SMM lead products

"View the price of SMM zinc products

"View the price of SMM stainless steel products

[SMM Today's News] LME Metals generally soared Nickel and Aluminium hit new highs | tracking the performance of the spot market

SMM Daily Review
stainless Steel
Mining
Nickel
Copper
Aluminum

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All