LME Metals Collective set a record High Inner disk Metal closed up the Shanghai Nickel limit [SMM Daily Review]

SMM3 March 7: today, the dollar index fluctuated red, international crude oil rose sharply, as of 15:25, the dollar index rose 0.32%, US crude oil and Brent crude oil are up more than 8%.

Metal market: basic metals closed higher across the board today, with Shanghai Nickel rising by a record high of 12%, Shanghai Tin hitting an all-time high, closing up 4.82%, and Shanghai Copper up more than 3%.

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According to SMM research, the supply side, Yunnan, Jiangxi Xi smelter operating rate last week compared with the week before the change is relatively small. In addition to a few Spring Festival maintenance smelters have not yet resumed production, other mainstream smelters have entered a steady production stage. In addition, the repeated occurrence of the epidemic in Myanmar has brought tight expectations for the supply of raw materials at the mine end in the country.

The price of tin will rise to a new high in "somersault Cloud"! Weak demand or pressure capstone? [SMM Quick Review]

According to SMM analysis, SMM has previously analyzed that the situation between Russia and Ukraine in the next 6-12 months may bring about future adjustments in the flow of global nickel trade, and believes that the price of nickel is on the strong side in the face of tight global supply. The impact of the short-term situation can not be ignored: the tension of pure nickel in Europe and the United States, the issue of US dollar letters of credit in the process of China's import of pure nickel, water-quenched nickel and wet intermediate products under the background of large import losses, imports of nickel raw materials denominated in US dollars, such as high matte nickel, are all affected.

"up and down! What do you think of the sharp rise in nickel prices in the context of the conflict between Russia and Ukraine? [SMM hotspot analysis]

Black series, the main force of stainless steel rose by 10%, iron ore rose by more than 7%, and thread closed by 4.32%.

In the coal sector, thermal coal, coking coal and coke increased by 9.64%, 8.66% and 7.22%, respectively.

LME metal futures: LME metal collectively set a new high, Lunni hit a new high since June 25, 2007, once rose more than 30% in intraday trading; Lun copper, aluminum and tin all hit record highs. By around 15:55, Lunni had risen 26.39 per cent, aluminium 5.21 per cent, zinc nearly 4 per cent and Lunxi more than 2 per cent.

As of 15:58 today:

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SMM Daily Review

Recycled aluminum: this morning, Lun aluminum once broke through the $4000 / ton integer mark, once again refreshing its previous high. Driven by the outer disk, Shanghai Aluminum rose in early trading, with an intraday rise of more than 2%. The center of the day stood at 24000 yuan / ton. A00 aluminum price rose 420 yuan / ton to 23860 yuan / ton compared with last Friday, and the cost of recycled aluminum price rose. On the domestic price, the domestic large-scale recycled aluminum enterprises quote ….

Aluminum price is strong upward, recycled aluminum price is rising [ADC12 Price Daily Review]

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Tin: judging from the price trend, the trend of Shanghai and tin is strong today, and the whole-day trend continues to rise driven by the market sentiment of the sharp rise in energy prices. Late trading short-term speculation more than a single initiative to leave the market to drive prices down slightly, but the closing price is still at the day's relatively high, the K line recorded a large physical positive line. Today's new high prices have restored the market heat, and the total amount of funds has once again returned to the market. But the recent market funds.

Shanghai tin has a strong performance and sets a new high in price [brief review of tin in SMM]

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Nickel: Shanghai Nickel closed at 210950 yuan / ton, up 23760 yuan / ton from yesterday's closing price. Intraday trading was hot, up 144000 from yesterday. The position decreased by 4583 hands. The technical side said that a large number of long funds into the market opened, and there was limited room for prices to fall in the short term. In order to ease the conflict between Ukraine and Russia, it is possible that Shanghai Nickel will continue to maintain a strong pattern. Fundamentals: the current LME nickel inventory is still in a state of de-stocking, while the supply side remains tight. In terms of demand.

The strong pattern of Lunni is still the same. Shanghai Nickel rose by the daily limit today [brief Review of SMM Nickel]

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Coke: on the supply side, coking enterprises are in good condition, coke inventory remains pre-sold, coke supply is still tight, and some coking enterprises have raised 200 yuan / ton of coke in the third round because of their high production costs. On the demand side, the utilization rate of blast furnace in steel mills continues to increase, the enthusiasm for coke procurement is strong, the coke inventory of mainstream steel mills has also decreased significantly, and the acceptance of coke price increase has increased. Raw material end.

Tighter safety inspection and tightening of coking coal supply supports the third round of coke price landing [SMM Coke spot Daily Review]

The stock market closed

The market opened low today, the gem index and Shenzhen Composite Index both hit a new low for the year, and the gem index recorded the biggest one-day decline since March 9 last year.

On the market, the concept stocks related to the three children were strong throughout the day, and the track stocks in the chip and lithium battery plates collectively fell sharply today, and the Ningde era fell by more than 7%.

On the whole, today's stocks fell more than rose less, more than 3700 stocks in the two markets fell. Today's turnover on the Shanghai and Shenzhen stock markets is 1.0146 trillion, 8.3 billion higher than that of the previous trading day.

In terms of plates, precious metals and other plates led the rise, while airport shipping, automotive chips and other plates led the decline.

By the close, the Prev index was down 2.17%, the Shenzhen index was down 3.43%, and the gem index was down 4.3%. Northbound funds sold 8.271 billion yuan net throughout the day, of which Shanghai shares sold 5.286 billion yuan and Shenzhen stocks sold 2.985 billion yuan.

The small metal sector fell three times in a row, and the sector index fell 1.49% today. In terms of individual stocks, only 10 shares floated red, of which Jixiang shares and gold and molybdenum shares rose 5.54% and 3.84% respectively; tin shares closed up 2.52%, and Baoti shares and Haotong Technology both rose more than 2%.

The three major A-share indexes all closed down, and the gem index fell more than 4%. Auto chips and other sectors led the decline. [stock market closed]

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[SMM Today's News] Metal Collective High Flight Tin and Nickel hit a record high and Nickel rose by more than 22%. | how is the spot market performance?