The US dollar continued to rise, the only red and black stainless steel floating in Shanghai fell nearly 3% [SMM Daily Review]

Published: Apr 08, 2022 15:38 (GMT+8)
Source: SMM

SMM4 March 8: today, the dollar index continued to rise slightly, crude oil futures also rose slightly. As of 15:32, the dollar index rose 0.22%, US oil rose 0.45%, and cloth oil rose 0.33%.

Metal futures market: by the end of the day, the inner metal plate, Shanghai copper smoothly turned red, closed up 0.27%, others continued to fall, Shanghai nickel fluctuated throughout the day, closing down 0.14%. Shanghai aluminum and lead fell by more than 1%, Shanghai zinc fell slightly by 0.69%, and Shanghai tin fell slightly by 0.14%.

View the spot historical price of SMM metal

Black iron ore only floated red, closing up 0.66%. Others continued to fall, with stainless steel down nearly 3%, threads down 1.39% and hot rolls slightly down 0.84%. In terms of double coke, coke fell by 0.42% and coke by 0.22%.

LME metal futures: as of 15:32 Beijing time, metal outer disk generally rose, only Lunni only floating green, down 0.8%. Lun Zinc rose more than 1%, Lun Aluminum rose 0.93%, Lun lead rose 0.9%, Lun Xi rose 0.48%, and Lun Copper rose 0.38%.

As at 15:32 on 8 April:

"Click to view the real-time market.

SMM Daily Review

It is difficult to reduce the price of recycled copper regardless of the fluctuation of the market price [SMM Daily Review]

On April 8, Shandong Bright Copper offered a self-quoted price of 66700-66800 yuan per ton, unchanged from the previous day, and the problem of tight supply became more and more prominent after the holiday. Although the price of copper disk fell slightly, the price of recycled copper. "Click to view details

Continuous decline in trading volume BC copper slightly higher but difficult to break the volatility range [SMM Daily Review]

Today, BC copper main contract 2206 overall performance is slightly higher, BC copper opened up 65720 yuan / ton in the morning trading, and then all the way higher, touching the integer level near the 66030 yuan / ton, the price briefly fluctuated in this position, near the lunchtime suspension rushes higher again. "Click to view details

Aluminum price continues to fall 230 yuan / ton scrap aluminum price slightly follows drop [scrap aluminum daily review]

It is down 230yuan / ton today and is now 21800 yuan / ton. The price of waste aluminum continues to fall, but the decline is relatively small. Cooked aluminum, down 100-200 yuan / ton; raw aluminum, down 100 yuan / ton. At present, due to the decline in silicon prices and logistics disruption and other effects. "Click to view details

Aluminum bar processing fees continue to rise, South China market shipping willingness to strengthen [aluminum bar spot daily review]

Aluminum prices continue to fall today, superimposed the impact of the epidemic, some warehouses in eastern China are still under control, Wuxi, Nanchang and other places continue to raise processing fees, according to SMM, the East China market Φ 90 aluminum bar mainstream quotation. "Click to view details

Overseas alumina falls again and rises steadily at home [SMM Daily Review]

Today, FOB alumina in Western Australia is quoted at US $410 / ton, giving up all the increases since March. In the short term, there is still room for decline. This price is equivalent to the RMB price of 3518 yuan / ton in the domestic mainstream port, and the price difference between home and abroad has been as high as before. "Click to view details

Wuxi market demand turns to Foshan? Foshan is expected to increase slightly under the expected reduction of steel production [Foshan stainless Steel Daily Review]

On April 6, spot prices in all departments of Foshan market rose slightly from yesterday, with prices ranging from 20200 yuan / ton to 20300 yuan / tonne. According to SMM, one reason for the increase is that a number of steel mills are expected to reduce production in April, resulting in a reduction in follow-up supply. "Click to view details.

Transportation is still blocked Coke Enterprise delivery Steel Plant delivery situation is still poor [SMM Coke spot Daily Review]

Overall, steel mills are expected to resume production, coke procurement is active, market sentiment is improving, trade inquiries are increasing, and the coke market is expected to be stable in the short term. "Click to view details

The price of steel move fell in April and the manganese market remained weak after the holiday [SMM Daily Review]

On April 8, the average spot price of the main producing area of domestic electrolytic manganese was temporarily concentrated around 16000 yuan / ton compared with yesterday's average price, while FOB was weaker and stable at 2500-2600 US dollars / ton than yesterday's average price. As of Friday, the spot market price of electrolytic manganese in China. "Click to view details

Cost supports Silicon-Manganese Price to maintain stable Operation [SMM Silicon-Manganese Daily Review]

April 8, the northern market silicon manganese 6517 (cash) 8500-8600 yuan / ton, the southern market silicon manganese 6517 (cash) 8600-8700 yuan / ton. Today, the silicon-manganese market is temporarily in stable operation. At present, the price of manganese ore in the outer disk remains high, and there is a possibility of further price increase for coking coal and coke. "Click to view details

The price difference between the north and the south reappears the chaotic operation of the manganese ore market [SMM Manganese Mine Daily Review]

On April 8, the northern port: Australian mine 62-63 yuan / tonnage, up 1 yuan / tonnage over the previous working day; South African semi-carbonic acid mine 39-40 yuan / tonnage; Gabon mine 60-61 yuan / tonnage, up 2 yuan / tonnage over the previous working day; Brazilian mine. "Click to view details

Increase in transportation cost of blocked metal silicon due to epidemic situation [SMM Silicon Daily Review]

Today, the price of some specifications of silicon has been slightly reduced. The price of oxygen-free silicon in East China is 19200-19400 yuan / ton, and that of oxygen-ventilated silicon is 20300-20600 yuan / ton. "Click to view details

The stock market closed

The afternoon differentiation of the three major indices, the Shanghai Composite Index concussion rebound, the gem index concussion lower.

On the market, the chemical sector rose sharply, and the chemical industry of the six countries rose by the limit. Infrastructure stocks were strong throughout the day, with the plate rising by the daily limit of more than 10 shares. Real estate stocks strengthened again in the afternoon. In terms of decline, pharmaceutical stocks and meta-universe concept stocks were depressed throughout the day. On the whole, stocks fell more than rose less, with more than 3000 stocks falling in the two markets. Today's turnover on the Shanghai and Shenzhen stock markets is 926.4 billion, 3.4 billion higher than that of the previous trading day.

In terms of plates, precious metals, chemicals, architectural decoration, chemical fertilizer, real estate and other sectors led the increase, while virtual digital human, aquaculture, COVID-19 treatment, traditional Chinese medicine and other plates led the decline.

By the close, the Prev index was up 0.47%, the Shenzhen index was down 0.11%, and the gem index was down 0.33%. Northbound funds sold 627 million net throughout the day, of which Shanghai stocks bought 1.063 billion and Shenzhen stocks sold 1.691 billion.

Today, the coal industry sector rose strongly, and the sector index closed up 1.01%. In terms of individual stocks, Orchid Family recorded an increase of 8.16%, Haohua Energy rose 4.85%, Shaanxi Coal Industry closed up 4.11%, and Yitai B shares, Jizhong Energy and Lu'an Huaneng rose more than 3%.

The three major A-share indexes are mixed with precious metals, real estate and other sectors leading the way for infrastructure stocks to be strong throughout the day [stock market close]

"View the price of SMM stainless steel products

[SMM Today's News] the internal and external differentiation of metals | the latest research on weekly metal inventory and downstream has been released

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