What is the supply and demand of the metal market under the "impact" of the epidemic? [special topic on SMM]

[editor's note] recently, the epidemic has been repeated, affecting the hearts of the people all over the country. Due to the epidemic in Kunshan, Wuxi, Zhangjiagang and other places, the metal market has been "impacted" again. SMM research and relevant data provide you with the latest developments and timely "prepare in advance", as summarized below.

Copper market

SMM Shanghai Copper spot: Shanghai epidemic situation suppresses Buy Xing spot stocks go up, open high and go low

After rising nearly 2000 yuan / ton overnight, Shanghai copper gave up its rising trend within the day, and after exploring 71850 yuan / ton, the center of gravity warmed up to 72000 yuan / ton near the daily average line. Today, the spot market opened high and opened low again. When there was not much supply in the morning market, it was again quoted at more than 200 yuan / ton. Pingshui copper was first reported at about 210-220 yuan / ton, but affected by the epidemic, logistics and transportation in Jiangsu, Zhejiang and Shanghai. "View details

Aluminum market

SMM Daily Review: the spread of alumina prices at home and abroad widens and pays attention to the impact of the domestic epidemic on transportation.

Overseas alumina is in the rising channel, the current Western Australia FOB price is 510 US dollars / ton, equivalent to the domestic mainstream port RMB price of 4242 yuan / ton, the export window is expanded to 1267 yuan / ton. Domestic alumina with the recovery of the supply side and the release of new production capacity, the short-term rebound is weak, the current …. "View details

Zinc market

SMM afternoon comment: Tianjin Zinc: the epidemic affects some warehouses with limited delivery and strong spot market quotations.

By the close of the afternoon, the ordinary brand lark to 04 contract posted about 60-60 yuan / ton, Hongye to 04 contract 40-60 yuan / ton, Chihong to 04 contract 40-60 yuan / ton, Xinjiang Zijin to 04 contract 40 yuan / ton, high-price brand Zijin to 04 contract discount 40 yuan 60 yuan / ton, Harbin zinc (exempt from storage) temporarily out of stock. Zinc prices have dropped slightly today, and some warehouses in Tianjin have been affected by the epidemic. "View details

Manganese market

SMM Daily Review: manganese prices weakened at the beginning of the week, epidemic rebounded, some transactions were suspended.

On March 14, the average spot price of electrolytic manganese fell sharply from last Friday by 1500-1750 yuan / ton to 2.95-30500 yuan / ton, while the average price of FOB fell by 350 US dollars / ton from Friday's average price around 4850-5250 US dollars / ton. On Monday, the domestic electrolytic manganese market as a whole. "View details

"black" market

SMM investigation: the market of blocked stainless steel affected by the epidemic situation is limited in many places.

In order to further strengthen the prevention and control of the epidemic, starting from 00:00 on March 14, 2022, 14 expressways entering tin roads will be temporarily closed, 35 expressways and ordinary provincial highways will be set up, and all vehicles coming to tin will be inspected. Check the personnel travel code, health code, and 48-hour nucleic acid test negative certificate on board, and be at the site of the inspection point. "View details

SMM investigation: the impact of the epidemic situation in Shanghai on the Iron and Steel Industry

According to SMM research, due to the epidemic control in Shanghai, logistics and terminal construction are affected to a certain extent. Most warehouses require drivers to hold nucleic acid reports within 48 hours to pick up the goods. In terms of logistics, the surrounding areas have more restrictions on departure vehicles in Shanghai. Hangzhou, Jiaxing, Ningbo and other places are required to hold two nucleic acid reports within 48 hours, basically one a day; Kunshan, Wuxi, Zhangjiagang and other places hold 48-hour nucleic acid reports, which are banned in some places. "View details

SMM Steel Industry chain Weekly report: the epidemic spreads in many places. Steel prices may fluctuate widely next week.

Last week, the black system went up and fell back. at the beginning of the week, the Fifth session of the 13th National people's Congress stressed that steady economic development was the main line in 2022, market confidence was boosted and steel prices rose sharply. Subsequently, it is reported in the market that the international situation that has continued to tense in recent days may ease somewhat, resulting in a sharp fall in energy prices such as crude oil, a drag on commodities, and a continuous decline in steel prices; and the epidemic continues to spread in many places, and demand. "View details