Metal general decline Shanghai Nickel maintains a rise in the limit of thermal coal down more than 6% [SMM Daily Review]

Published: Mar 09, 2022 18:47 (GMT+8)
Source: SMM
[SMM Daily Review: metal prices fell Shanghai Nickel maintained a rise and fall of more than 6%] basic metals fell generally in daily trading today, with only Shanghai tin and nickel floating red. By the end of the day, Shanghai nickel rose by the daily limit, maintaining an all-time high of 267700 yuan per ton, an increase of 17%; Shanghai tin slightly rose 0.35%; Shanghai aluminum fell more than 5%, Shanghai zinc fell more than 3%, Shanghai lead fell nearly 2%, and Shanghai copper fell more than 1%. Black series, all closed down, among them, iron ore fell the largest, 3.85%; stainless steel main force, hot rolling fell more than 2%, thread dropped nearly 1.5%. Coal series, only thermal coal is green, down 6.44%; coking coal gains.

SMM3 March 9: the dollar index fell for the second day in a row, crude oil futures fluctuated red, as of 15:15, the dollar index fell 0.16% slightly, US crude oil and Brent crude oil are up more than 1%.

Metal market: basic metals are down in daily trading today, only Shanghai tin and nickel are floating red. By the end of the day, Shanghai nickel rose by the daily limit, maintaining an all-time high of 267700 yuan per ton, an increase of 17%; Shanghai tin slightly rose 0.35%; Shanghai aluminum fell more than 5%, Shanghai zinc fell more than 3%, Shanghai lead fell nearly 2%, and Shanghai copper fell more than 1%.

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Black series, all closed down, among them, iron ore fell the largest, 3.85%; stainless steel main force, hot rolling fell more than 2%, thread dropped nearly 1.5%.

In coal series, only thermal coal was green, down 6.44%; coking coal closed up 1.32%, and coke rose slightly by 0.39%.

LME metal futures: Lunni suspended trading, other metals are generally weak, as of 15:30, LME metals are green, Lun aluminum is down 4.63%, Lunxi is down 3.75%, Lun zinc is down 1.46%.

As of 15:32 today:

"Click to view the real-time market.

SMM Daily Review

Brief comment on SMM International Copper BC: after huge fluctuations, the market wait-and-see mood is strong and the trend of copper is relatively stable during the day.

In the previous period, the Shanghai Copper 2205 contract closed at 72690 yuan / ton. if calculated on the basis of 72690 yuan / ton of BC2205 International Copper, the after-tax price is 73687 yuan / ton, and the price difference between BC Copper 2205 and Shanghai Copper 2205 is greatly narrowed to 997 yuan / ton. BC copper experienced huge price fluctuations on Monday and Tuesday, today's market wait-and-see mood increased significantly, the overall trend of BC copper prices fluctuated sideways, and the range of price changes is similar to that of …. "View details

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There is still room for the third round of coke price increase [SMM Coke spot Daily Review]

On the supply side, the leading steel mills in Hebei have accepted the coke purchase price increase of 200 yuan / ton, the third round of coke increase basically landed, primary metallurgical coke-dry quenching 3860 yuan / ton, quasi-primary metallurgical coke-dry quenching 3630 yuan / ton, primary metallurgical coke 3300 yuan / ton, quasi-first-class metallurgical coke 3130 yuan / ton. Coking enterprises because of the environmental protection policy of the two sessions to limit production, operating rate. "View details

The stock market closed

The market dived sharply this afternoon, and the Shenzhen Composite Index fell more than 5% at one point, followed by a "deep V" rebound, but in the end, the three major indexes still fell slightly.

On the disk, the coal plate shakes and strengthens. Non-ferrous, oil and gas and other periodic plates led the decline.

On the whole, today's stocks fell more than rose less, more than 3600 stocks in the two markets fell. Today's turnover on the Shanghai and Shenzhen stock markets was 1.1617 trillion, which was 51.8 billion higher than that of the previous trading day. During the afternoon diving, the market volume was significantly enlarged and panic stocks gushed out.

In terms of plates, precious metals, coal, green power and other plates led the rise, while metal nickel, oil and gas mining and other plates led the decline.

By the close, the Prev index was down 1.13%, the Shenzhen index was down 1.12%, and the gem index was down 0.63%. Northbound funds sold 10.934 billion yuan net throughout the day, of which Shanghai shares sold 5.282 billion yuan and Shenzhen stocks sold 5.652 billion yuan.

Today, the coal industry plate intraday shock, from fell to rise in the afternoon, today's plate index rose 1.71%. In terms of individual stocks, only six shares, such as Future shares and Huayang shares, are green, Pingping Coal shares are up nearly 8%, Mountain Coal International is up nearly 6%, and Lu'an Huaneng is up 5.81%.

The three major A-share indexes continued to fall, metals, nickel and other sectors led the decline, precious metals, coal and other sectors led the gains. [stock market closed]

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"View the price of SMM stainless steel products

[SMM Today's News] Metal generally fell back and Shanghai Aluminum fell by more than 5% | spot performance list

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