[overnight quotation] Metal on the outer disk rose and fell each other. Zinc rose 1.38%. Gold plummeted 50%. Crude oil rose more than 1%.

Publicado: Jan 7, 2021 06:53

SMM1 March 7: yesterday, the outer disk metal market was mixed. Lun Copper rose 0.28%, Lun Al fell 0.85%, Lun Zinc rose 1.38%, Lunni rose 0.11%, Lunxi fell 0.54%, and Lun lead fell 1.4%. In the domestic market, international copper is up 0.63%, Shanghai copper is up 0.53%, Shanghai Aluminum is down 0.68%, Shanghai zinc is up 1.13%, Shanghai lead is down 0.37%, Shanghai nickel is up 0.52%, Shanghai tin is down 0.33%, iron ore is up 0.29%, thread is up 0.14%, and stainless steel is up 2.39%.

The dollar index fell slightly. According to foreign media reports, the Democratic Party won the Georgia Senate run-off election, which will clear the way for a larger fiscal stimulus package.

In terms of US stocks, the three major indexes were mixed, with the Dow rising as high as 31022.65 on Wednesday and the S & P as high as 3783.04, all of which hit an all-time high in intraday trading. The Nasdaq fell 78.17 points, or 0.61%, to 12740.79.

In terms of crude oil, data released by the US EIA showed that US crude oil inventories were unexpectedly lower than expected in the week ended January 1, which was boosted by Saudi Arabia's commitment to unilaterally cut production in the next two months.

In terms of precious metals, spot gold tumbled nearly 50 US dollars at one point, breaking this week's low to 1901 US dollars per ounce, as rising stock and US bond yields reduced the attractiveness of gold.

In terms of data, the final value of euro zone services PMI in December, previous value: 47.3 expected: 47.3 announcement: 46.4

Euro area November PPI monthly rate, previous value: 0.4% expected: 0.1% announcement: 0.4%

Initial monthly CPI rate in Germany in December, previous value: 0.8% expected: 0.6% announcement: 0.5%

Us December ADP employment (10,000), previous value: 30.4 expected: 8.8 announcement:-12.3

Final PMI value of Markit Services in the United States in December, previous value: 55.3 expected: 55.2 announcement: 54.8

Monthly rate of US factory orders in November, previous value: 1.3% expected: 0.7% announcement: 1%

Us EIA crude oil inventory (10,000 barrels) for the week ending January 1, previous value:-606.5 expected:-127.1 announcement:-801

Declaração sobre a Fonte de Dados: Com exceção das informações publicamente disponíveis, todos os demais dados são processados pela SMM com base em informações publicamente disponíveis, comunicação de mercado e com base no modelo de base de dados interna da SMM. São apenas para referência e não constituem recomendações para a tomada de decisão.

Para quaisquer perguntas ou para obter mais informações, entre em contato: lemonzhao@smm.cn
Para mais informações sobre como aceder aos nossos relatórios de investigação, entre em contato:service.en@smm.cn
[overnight quotation] Metal on the outer disk rose and fell each other. Zinc rose 1.38%. Gold plummeted 50%. Crude oil rose more than 1%. - Shanghai Metals Market (SMM)