Internal metal general rise Shanghai nickel rose more than 2% black generally fell back [Friday night trading]

Published: Apr 17, 2022 21:07 (GMT+8)
Source: SMM
[Friday night trading: metal in the inner market rose more than 2%. Black generally fell] on April 15, metals generally rose. Among them, Shanghai nickel closed up 2.42%, Shanghai lead rose 1.39%, Shanghai copper rose 0.44%, Shanghai tin fell more than 1%, and Shanghai zinc closed down 0.96%. Black series, only thermal coal, iron ore floating red, closed up 1%, 0.55% respectively. Coking coal fell nearly 2%, stainless steel fell 0.43%, and hot rolling fell 0.12%.

Crude oil: international crude oil bears left sharply overnight, with Brent crude oil piercing $110 a barrel, the highest level since the end of March. On Friday, most varieties of crude oil were boosted again. The main contract of SC crude oil rose 3.87% to close at 690.2 yuan, the main contract for high-sulfur fuel oil rose 3.98% to close at 4208 yuan, the main contract for low-sulfur fuel oil soared 4.88% to close at 5396 yuan, and the main contract for LPG rose 2.58% to 6252 yuan.

On the dollar side: the euro hit a two-year low against the dollar on Thursday after ECB President Christine Lagarde's comments were seen as a sign that she was in no hurry to raise interest rates, in stark contrast to the Federal Reserve's efforts to aggressively tighten monetary policy.

April 18 macro data: focus on China's total GDP in the first quarter, the annual rate of industrial value added in China in March, and the NAHB real estate market index in the United States in April.

Metal futures:

On April 15, by the day's close, the metal in the inner market was up, while only Shanghai zinc and tin fell slightly. Shanghai zinc almost closed flat, down 0.05%; Shanghai tin fell 0.19%; Shanghai nickel closed up 3.8%, Shanghai aluminum rose more than 2%, and Shanghai copper rose more than 1%. Black rose across the board, of which iron ore rose 2.87%, thread, coke and thermal coal all rose by more than 1%, and hot rolled and coking coal rose by more than 0.8%.

In night trading, metals rose, of which Shanghai nickel closed up 2.42%, Shanghai lead closed up 1.39%, Shanghai copper rose 0.44%, Shanghai tin fell more than 1%, and Shanghai zinc closed down 0.96%.

Black series, only thermal coal, iron ore floating red, closed up 1%, 0.55% respectively. Coking coal fell nearly 2%, stainless steel fell 0.43%, and hot rolling fell 0.12%.

LME metal, off the market. Due to the good Friday and Easter holidays from April 15 (Friday) to April 18 (Monday), some financial markets around the world are closed, specifically: the London Metal Exchange (LME) is closed from Friday, April 15 to Monday, April 18. Us stocks will be closed from April 15 (this Friday) to April 17 (this Sunday), April 18. "View details

Some financial markets around the world are closed because of good Friday and Easter holidays

Precious metals, on Friday, precious metals fluctuated in a narrow range, with Shanghai Gold rising 0.19% and Shanghai Silver down 0.13%. On the one hand, under the expectation of accelerated tightening by the Federal Reserve, stronger US dollar and US bond yields have suppressed gold and silver. On the other hand, gold and silver are still supported by safe-haven demand caused by the crisis in Ukraine and rising inflation.

As of 12:01 on April 17, April 15, closing at night:

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

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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