Crude oil is up more than 6%. Metals are up more than 2% [overnight].

Crude oil: crude oil futures rose more than 6% on Tuesday, sending US oil prices back above $100 a barrel and setting an one-week high close. Factors supporting the rise in oil prices include easing concerns about Chinese oil demand and a decline in Russian production. Russian oil and gas condensate production is understood to have fallen to a low in 2020 and the OPEC warned that possible shortages in Russian supply could not be made up for.

On the dollar side: the dollar rebounded on Tuesday after slightly weaker-than-expected inflation data, while the euro extended its decline ahead of the ECB policy meeting. According to the latest US CPI data, core CPI is lower than expected, falling to 6.5 per cent. Fed governor Brainard said on Tuesday that there were some "welcome" signs of cooling in the latest inflation data, but he still stressed that the central bank was still carrying out a series of interest rate increases and efforts to reduce its balance sheet. The market remains positive that the Fed will maintain its tightening path.

Today's focus: the results of the interest rate decisions of the Federal Reserve of New Zealand and the European Central Bank. Data will be ushered in today: the United States March CPI, Germany April ZEW economic climate index, Germany March CPI and other data.

Metal futures: overnight outer disk metal rose, only Lunxi only down, closing down 0.97%. Among the outer-disk metals, lun zinc led the way with a rise of 2.62%, climbing to the highest level in more than a week, mainly due to dwindling inventories and supply shortages, especially in Europe, where record electricity prices led to sharp production cuts by producers and spurred buying. Lun lead followed by an increase of 1.57%. Lenny rose the least, closing just 0.09 per cent higher.

Most of the metal in the inner market floated red, Shanghai lead and Shanghai tin fell only two times, Shanghai lead fell slightly by 0.03%, and Shanghai tin closed down 1%. Other metals rose to varying degrees, with Shanghai Zinc following the outer plate, closing up more than 2.71%, followed by Shanghai Nickel with an increase of 2.35%, and Shanghai Aluminum closed up 1.05%.

Black closed up across the board, while hot rolls, threads and stainless steel rose more than 1%. Iron ore remained strong overnight, closing up 3.01%. Double coke floated red, coking coal and coke increased by 1.63% and 2.26% respectively.

Precious metals: COMEX gold futures rose more than 1% on Tuesday as u.s. inflation data were largely in line with expectations, reducing the likelihood of long-term aggressive tightening by the fed, leading to lower yields on u.s. debt.

As at 06:34 on 13 April:

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