SMM4 March 18: today, the dollar index rose slightly, crude oil futures volatility weakened. By around 15:50, the dollar index was up 0.23 per cent, while US crude and Brent were down about 0.7 per cent.
Metal futures market: the inner plate metal rose generally, only Shanghai tin floating green, down 0.3%. Shanghai nickel closed up 1.77%, Shanghai lead rose more than 1%, Shanghai zinc rose 0.82%, and Shanghai aluminum rose nearly 0.5%.
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According to SMM analysis, Lunni prices fluctuated slightly in the range of $32400 / tonne to $33300 / tonne last week and liquidity has not yet improved, mainly because Lenny prices are still high, it is difficult to execute LME-denominated raw material contracts, resulting in low willingness to preserve value, and some customers think that even if LME prices return to normal levels, confidence will be affected. "View details
Is it a dilemma for weak nickel prices that have risen 9 per cent in five trading days with tight supply and tight VS demand? [SMM analysis]
Black series, stainless steel and hot-rolled green, stainless steel decreased by 1.76%, hot-rolled almost flat, decreased by 0.02%. Iron ore rose 0.88%, while thread rose 0.46%.
In the coal system, only thermal coal rose slightly by 0.15%, coking coal fell by nearly 3%, and coke fell by 0.91%.
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
As at 16:13 on April 18:
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SMM Daily Review
SMM aluminum brief review: cut the reserve requirement to implement the domestic Shanghai aluminum shock closing up
Today, the main contract 2205 opened at 21235 yuan / ton, the highest price in the day was 21910 yuan / ton, the lowest price was 21670 yuan / ton, and closed at 21840 yuan / ton, up 90 yuan, or 0.44%, over the closing price of the previous day. 162300 lots were traded and 144800 positions were held, with a daily decrease of 11226 hands. On the disk, the main force of Shanghai Aluminum today showed a concussion trend, on the K line, the highest point today did not break through last Friday's high, the daily lead is shorter, the Yin line is longer, and the rise is stronger. Domestic reserve reduction news released, capital inflows, boost the real economy. It is expected that "View details
ADC12 price daily review: aluminum price maintains high shock and recycled aluminum price is relatively stable
Boosted by the domestic reserve cut on Friday and the news of the easing of the epidemic in Shanghai over the weekend, Shanghai Aluminum showed a high shock trend today. SMM A00 aluminum price rose 70 yuan / ton to 21800 yuan / ton compared with last Friday, and the price of recycled aluminum is relatively stable. In terms of domestic prices, the quotations of large domestic recycled aluminum enterprises are flat or slightly increased by 50 yuan / ton, and the quotations are concentrated in …... "View details
SMM Daily Review: mismatch between supply and demand in North China continues Henan Alumina homeopathic push up
Affected by the epidemic in China, the transportation of raw materials and alumina products have been affected. After the obvious decline in automobile transport capacity, most manufacturers began to look for fire transportation, resulting in increased pressure on fire transportation. There is a mismatch between supply and demand in the north. The willingness to replenish the storage of electrolytic aluminum plants in Northwest China has increased, because …... "View details
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Brief Review of lead in SMM period: the cost of recycled lead rises, superimposed by the central bank's reduction of reserve requirements, lead prices usher in a small increase.
During the day, the main 2205 contract of Shanghai lead opened at 15640 yuan / ton, and the initial pressure was 15650 yuan / ton. After the horizontal market shock stabilized, it weakened slightly, reached as low as 15580 yuan / ton, continued to rebound after finishing horizontally in the afternoon, reached 15655 yuan / ton, and finally closed at 15595 yuan / ton, up 170 yuan / ton, or 1.10%. The position decreased by 5002 to 33625 hands, with a trading volume of 46588 hands. At home. "View details
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Brief review of zinc in SMM period: the main contract of zinc in the future is approaching to change the month and short positions to help the disk to rise.
Today, the main contract of Shanghai Zinc 2205 opened at 27925 yuan / ton, and the main contract was about to change. At the beginning of the session, short positions raised zinc prices, suppressed above the moving average on 5 and 10 days, but the upward force was strong. In the second half, it broke through the suppression and continued to rise. It finally closed up at 28400 yuan / ton, up 230yuan / ton, or 0.82%, and its position decreased by 4138 to 106000 hands. The sun closed in the day, and the disk rebounded, continuing the high shock pattern. The main contract will be changed soon. Today, due to the closure of the outer market and the independent development of the inner market, it still maintains a strong trend. On the supply side, a domestic smelter announced the suspension of production, and the output of domestic zinc ingots is expected to be in April. "View details
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Brief comment on SMM tin futures: tin futures prices fall slightly, but rising water in the spot market is still high.
In the spot market, although the tin plate price today is slightly lower than that of the previous trading day, and the average price of smelters and traders is also down 750yuan / ton from the previous trading day to 343250 yuan / ton, the spot premium water increased by 875yuan / ton to 7500 yuan / ton. The source of goods is higher than that of last week. "View details
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SMM Nickel Daily Review: Shanghai Nickel Price continues to rise and weak demand puts pressure on Nickel Price
The opening price of Shanghai Nickel 2205 contract is 230190 yuan / ton today. The closing price was 232140 yuan / ton, up 2740 yuan / ton from yesterday's closing price. Intraday trading was weak, with volume down 3241 compared with yesterday. Positions fell by 2779 hands, the technical side said that short sellers a large number of replenishment positions, prices up in the short term, there may be a downside risk. Fundamentals, last week, Lunni... "View details
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The stock market closed
The three major indices diverged throughout the day, the Shanghai Composite Index fluctuated and adjusted, and the gem index bottomed out and rose by more than 1%.
On the disk, the auto parts plate was strong throughout the day, and individual stocks within the plate rose and stopped. In terms of decline, the large financial plate adjusted collectively. In addition, the market short-term mood is poor, a number of early high popularity stocks fell to the limit, 3 shares staged "sky floor". On the whole, stocks rose more than fell less, and more than 2800 stocks in the two cities rose. Today's turnover on the Shanghai and Shenzhen stock markets is 778.3 billion, a decrease of 132.9 billion compared with the previous trading day, and the trading volume between the two markets has shrunk sharply today.
In terms of plates, auto parts, auto chips and other plates led the rise, while coal, real estate and other plates led the decline.
By the close, the Prev index was down 0.49%, the Shenzhen Composite Index was up 0.37%, and the gem index was up 1.11%. Shanghai and Shenzhen Stock Connect is closed today because of Hong Kong public holiday.
Today, the small metal plate is red, and the plate index is up more than 1%. In terms of individual stocks, Earth Bear rose more than 8%, Jixiang shares rose more than 7%, Hengdian East Magnetic, Platinum New Materials rose more than 5%, other stocks generally rose.
The three major A-share indexes are mixed with coal, real estate and other sectors leading the decline in auto parts, auto chips and other sectors leading the gains [stock market close]
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[SMM Today's News] Metal gains Shanghai Nickel rose 9% in 5 days | Aluminum inventory decreased by 24000 tons | spot market overview