Metal futures rise and fall each other Shanghai Nickel continues to fall by the limit stainless steel is down more than 3% Shanghai Aluminum is up more than 2% [SMM market tracking]

Crude oil: in the past two days, contradictory signals from UAE officials and voices related to the US-Iraq negotiations have exacerbated oil price fluctuations. The Russian Foreign Ministry said in the early morning of the 11th local time that European countries will experience the consequences of sanctions against Russia, but this consequence will not involve the energy field, and Russia will continue to fulfill its obligation to supply energy to European countries. International crude oil futures briefly rose this morning and then dived. As of 10:18, the decline was 1.28%, while that of US oil was relatively small, by 0.61%.

On the dollar side: yesterday's announcement of a much higher-than-expected increase in non-farm payrolls in February and the annualised rate of CPI in February continued to hit a 40-year high, boosting the dollar to close up 0.6 per cent, and the dollar index fluctuated slightly after opening this morning, down 0.05 per cent as of 10:21.

In terms of metals, due to the strength of the US dollar, the decline in crude oil and the increase in various kinds of margin operations by major exchanges, metals have generally fallen at a high level recently. metal futures are mixed in early trading today. As of 10:23, Shanghai nickel continued to fall by the limit, stainless steel fell by more than 3%, and iron ore sharply narrowed its rise by 0.13%. Shanghai Aluminum rose 2.07%, while Lun Aluminum rose 1.18%, making it the strongest metal variety today.

Shanghai tin, Shanghai lead continued the night market decline, Shanghai zinc concussion.

Coal series: thermal coal, coking coal and coke increased by 2.35%, 1.83% and 0.26%, respectively.

In terms of precious metals, Shanghai gold and silver fluctuated slightly today after plummeting the day before.

Market performance as of 10:23:

"[important] Futures prices fluctuate greatly. For enterprise settlement, please refer to SMM spot quotation!

Minutes of SMM Copper Morning meeting: us cpi Index soars to its highest level in 40 years and fears of High inflation push Copper prices back above 72000

On March 10, the spot contract for electrolytic copper in Shanghai was quoted at 140 to 180 yuan / ton, with an average price of 160 yuan / ton, up 10 yuan / ton from the previous day. The market continues to fall back to attract downstream buying and restocking, and traders are willing to buy and replenish the stock. Although the import price ratio is opened, the market inventory is still low in the short term affected by domestic net exports, and the rising discount maintains a high level of operation. But near delivery, it is difficult to continue to push up the discount under the basis structure of a small BACK on the disk, it is expected that. "View details

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Summary of SMM Aluminium Morning meeting: it will take time for the demand side to recover in the next period of aluminum recovery.

The overnight Shanghai Aluminum main 2204 contract opened at 22100 yuan / ton, the lowest hit 21730 yuan / ton, the highest point was 22100 yuan / ton, and finally closed at 21760 yuan / ton, up 275 yuan / ton, or 1.28%. Lun Aluminum opened at US $3302 per tonne on Thursday, hitting as high as US $3557.5 per tonne and as low as US $3302 per tonne to close at US $3400 per tonne, up 99 US dollars per tonne, or 3 per cent. On the supply side, the domestic electrolytic aluminum supply side resumes production and accelerates. With the steady growth of domestic electrolytic aluminum daily output in March, the electrolytic aluminum output is expected to reach about 3.3 million tons, and the operating capacity is expected to return to the level of the same period last year in May. The demand side is suppressed by high aluminum prices and there is a delay, generally speaking, in the lack of …. "View details

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Minutes of SMM lead Morning meeting: lead ingot stocks are expected to rise before delivery. Short-term lead prices remain weak and volatile.

Lenny did not resume trading on Friday, and the commodities index suspended the extension of nickel contracts until Lenny resumed trading. Fundamentals, the supply and demand of lead ingots are expected to increase in March. After the lead price falls, the procurement of downstream rigid demand gradually returns, and the spot market is more active, but the inventory of lead ingots at home and abroad. "View details

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Summary of SMM Zinc Morning meeting: the differentiation of zinc prices in the two cities and the gradual repair of the Hu / Lun ratio

Overnight, Lun Zinc recorded a negative column. Opening zinc showed a step-by-step decline, found support near the middle track of Brin Road, and finally closed at $3830 / ton, down $10 / ton, or 0.26%. LME inventories fell by 100 tonnes to 140950 tonnes. On the macro level, in the case of a sharp fall in European energy, zinc prices are also nearly halved, giving up most of the gains. Overnight, Shanghai zinc recorded a positive pillar, opened higher, and then suffered resistance, extended the daily average line down, and finally reported 25565 yuan / ton, up 10 yuan / ton, up 0.04%. In terms of fundamentals, there are currently seven places in stock. "View details

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SMM Tin Morning News: Hu-Xi Chong high decline volatility narrowed market cooling funds in and out smoothly

On the market trend, the volatility of the Shanghai-tin trend narrowed, and the movement of funds in and out was slight. Shanghai tin yesterday night market trend high fell back after the narrow horizontal, the volatility is significantly narrower than before. There is little movement in and out of the total amount of funds, and the market has entered the adjustment stage. To sum up, after the market sentiment subsided, the trend of tin price stabilized, and the price. "View details

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Summary of SMM Steel Morning meeting: the external situation eased slightly, most commodities fell back.

Yesterday's volume first suppressed and then rose, the weak operation closed down 1.10%, the spot market quotation fell quickly in the early morning, prices rose in most cities in the afternoon, and the overall transaction performance was OK. The recent market news that the international situation may ease, leading to a sharp fall in crude oil and other energy prices, dragging down the commodity market, steel prices fell. In terms of hot volume fundamentals, according to SMM research, China's hot volume general warehouse and factory warehouse this week. "View details

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