SMM1 March 26: the non-ferrous metals market has its ups and downs today. by the end of the day, Shanghai tin rose 1.99%, Shanghai lead rose 0.23%, international copper fell 0.52%, Shanghai copper fell 0.61%, Shanghai aluminum fell 0.77%, Shanghai zinc fell 1.5%, and Shanghai nickel fell 0.62%. Tin, from a fundamental point of view, according to SMM research, transportation of the WA tin mine in Myanmar has resumed since last Tuesday, and about 200 metal tons of tin can be shipped out every day. According to local people, transportation will last until around February 5 before the Spring Festival. The tight situation of domestic tin supply is still not effectively alleviated, the enthusiasm of smelters for shipping is limited, the spot market supply continues to be tight, tin prices continue to rise, downstream enterprises can not bear high prices, the market atmosphere is low, the overall market trading is poor.
In terms of copper, today, the copper in Shanghai is overcast, the opening of the KDJ line is down again, the green pillar of the MACD line is slightly longer, and the entity continues to get 40-day moving average support, but underneath the Brin middle rail, breaking its long-standing support. In the evening, we continue to pay attention to the monthly rate of the US FHFA house price index in November and the drive of the outer disk, and observe whether Shanghai Copper can hold 58500 yuan / ton and then get Brin middle rail support.
[brief Review of SMM Copper] the center of gravity of Shanghai Copper obviously shifts downward and the middle rail of Brin is fragile.
Lead, the recent lead city downstream reserve gradually entered the end, along with the market, rigid demand procurement, it is expected that this week lead ingots to the warehouse trend may slow down. Today, the market wait-and-see mood is relatively strong, the main trading force began to show signs of shifting positions in 2104 contracts, 2104 contracts increased positions in 693 hands, night attention to Shanghai lead main contracts can stand firm 15400 yuan / ton line.
[brief Review of lead in SMM period] lead concussion in Shanghai falls back and overcast pays attention to 15400 yuan / ton first line at night.
In terms of black series, thread rose 0.09%, hot coil rose 1.37%, coking coal fell 2.41%, coke 3.96%, iron ore fell 1.49%. In terms of hot rolls, recently, Tangshan environmental protection production restrictions were frequently reported, and some steel mills were affected by this. At the same time, affected by the epidemic situation, Hebei Steel Plant raw material inventory is tight, raw material costs continue to rise, hot coil production profits decline, factory warehouse accumulation and other factors have led to a decline in the production enthusiasm of steel mills, and some subsequent steel mills have plans to stop and reduce production. As a result, even with the approach of the Spring Festival and the weakening of terminal demand, the spot price of hot rolls is expected to have limited downward space under the support of reduced production and raw materials.
Crude oil fell 1.12% in the previous period, and international oil prices fell on Tuesday, giving up some of the previous day's gains as enthusiasm for the rapid approval of a new economic stimulus package by the United States cooled and global cases of novel coronavirus infection continued to rise. Oil prices have recently hit an 11-month high, but are still sawing between doubts about a recovery in demand and hopes for a US stimulus package. But Biden administration officials are still trying to convince Republican lawmakers of the need for more stimulus, raising questions about when the proposal will be approved.
In terms of precious metals, Shanghai gold rose 0.27%, Shanghai silver fell 0.53%, and international Asian spot gold strengthened on Tuesday as US bond yields weakened and gold became more attractive as a hedge against inflation in anticipation that massive US stimulus measures would eventually be passed. U.S. Senate Democratic leader Schumer (Chuck Schumer) said on Monday that Democrats may try to use a process to bypass the obstruction of Republican lawmakers to pass most of President Biden novel coronavirus's bailout bill, possibly by a simple majority.
Close during the day
"check out more metal prices.
[stock market close] the stock market generally fell, lithium electricity, photovoltaic and other sectors performed poorly.
The index fell unilaterally throughout the day, the gem index fell nearly 3%, individual stocks fell more than up, up more than 9% more than 60 stocks, fell more than 9% stocks also more than 60, market differentiation, money-making effect is poor. On the plate, the main line of the group was collectively adjusted, the military stocks staged a stop tide, lithium electricity, photovoltaic and other plates also showed a low performance, and some of the capital flows were oversold, but the popular stocks dived sharply in late afternoon. Coal, banks, pork, fast hands, airport shipping and other plates were pulled up in the afternoon, and the market risk aversion sentiment warmed up, and the gold plate strengthened. Individual stocks, golden arowana, Mindray Medical, Oriental Wealth and other holding stocks fell collectively, the market short-term mood is depressed. On the market, pig raising, airport shipping, coal and other plates led the increase, while military industry, novel coronavirus testing, e-cigarettes and other plates led the decline. As of the close, the Prev index fell 1.51% to close at 3569 points; the Shenzhen Composite Index fell 2.28% to close at 15352 points; and the gem index fell 2.89% to close at 3258 points. The net outflow of Shanghai shares is 2.916 billion, while that of Shenzhen stocks is 625 million. "View details
Related readings:
[hot stocks] the gold plate changed in the afternoon to pull Hengbang shares up by the daily limit.
[hot stocks] the coal sector opened higher and strengthened, Shaanxi Black Cat and other stocks rose by the daily limit.
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Sherritt:2020 annual nickel output fell 5% year-on-year, cobalt production was basically the same.
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Ero Copper2020's annual metal output announces that copper concentrate output is flat compared with the same period last year.
MMG:2020 's annual copper concentrate output of 310000 tons decreased by 18.6% compared with the same period last year.
The Element 25:Butcherbird manganese project is expected to be launched this quarter.
