Metal general rally Shanghai Nickel rose more than 3.5% black line down [SMM afternoon review]

SMM April 15: crude oil and outer plate metals are closed today because of good Friday holiday.

The dollar fluctuated upwards today, putting pressure on the metal market. Inner plate metal more floating red, but most of the earlier trading has varying degrees of pullback. Among them, Shanghai Nickel "outshines others", rising more than 4.3% at one point in intraday trading, then a slight pullback, and finally closed up 3.54%.

"the tight supply of pure nickel supports the fourth consecutive rise in nickel prices, which once rose more than 4 per cent in Shanghai [SMM]

Both Shanghai Copper and Shanghai Aluminum both rose more than 1%, Shanghai Copper closed up 1.14%, and Shanghai Aluminum rose 1.92%. Shanghai zinc, Shanghai tin still continued the previous decline, and the decline was both expanded earlier. Shanghai zinc fell 0.83%. Shanghai tin recorded a drop of 0.73%.

Black recorded varying degrees of decline throughout the earlier session. Stainless steel failed to stabilize the previous advantage, near the midday close from rising to falling, slightly closed down 0.35%. Thread growth narrowed to 1.32%. There was a pullback near the close of trading in iron ore, which eventually rose 2.7%. Shuangjiao is red, coking coal is up 1.62% and coke is up 1.26%.

Spot market at a glance

For aluminum:

Shanghai aluminum continued shock repair market before noon, supported by Wuxi unexpected area to warehouse, Central Plains, South China spot aluminum ingot discount began to strengthen, continued to go to the warehouse to give spot support to the region, stacked disk higher, part of the downstream accelerated stock, further support discount, Shanghai aluminum absolute price station on 21800 yuan / ton before noon, repair the previous decline. On the last trading day, the overall spot performance of East China was weaker than that of the other two places, with a discount of 40 yuan / ton on the 05 disk, and the repair and narrowing pressure remained.

"Shanghai Aluminum continued to repair the market before noon, the price center of gravity rose before noon [SMM aluminum spot noon review]

"Click to view the price of SMM aluminum products

Zinc:

The mainstream turnover of zinc in Guangdong Province was 28070,28150 yuan / ton, and the quotation was concentrated on a discount of about 100.15 yuan / ton to the Shanghai zinc 2205 contract. The Guangdong market rose 50 yuan / ton compared with the Shanghai market, which was the same as the previous trading day. In the first period of time, the market quoted the net price to a discount of-100.0 yuan / ton.

Guangdong Zinc: market transactions turn weak and the market is mainly wait-and-see [SMM afternoon Review]

"Click to view the price of SMM zinc products.

By the close of noon, the contracts in the metals and crude oil markets:

"Click to see more SMM metal prices

"Click to view the price of SMM copper products

"Click to view the price of SMM lead products

"Click to view the price of SMM tin products

"Click to view the price of SMM nickel products.