SMM5 March 28: the whole line of non-ferrous metals is red today. by the end of daytime trading, international copper rose 2.25%, Shanghai copper rose 2.22%, Shanghai aluminum rose 1.47%, Shanghai lead rose 1.6%, Shanghai zinc rose 2.83%, Shanghai nickel rose 4.85%, and Shanghai tin rose 4.81%. In terms of lead, lead in Shanghai climbed slightly during the day, with a strong shock as a whole, standing firmly at the front line of 15500 yuan / ton. However, the lead ingot consumption drive at the end of May is still insufficient, the destocking of the final finished battery has not been significantly improved, and the social inventory of lead ingots continues to accumulate to a small extent as scheduled. This week, the situation of power cuts in Yunnan has a certain impact on the production of electrolytic lead, and the increment at the supply side has slowed slightly. At night, we will pay attention to whether the non-ferrous plate continues to rise to boost the lead station in Shanghai to stabilize the first line of 15600 yuan / ton.
[brief Review of lead in SMM period] Shanghai lead climbed slightly to close three Lianyang and pay attention to 15600 yuan / ton first line at night.
In terms of black, thread rose 4.07%, hot coil 4.94%, coking coal 2.21%, coke 2.47%, iron ore 4.11%, and stainless steel 3.51%. In terms of iron ore, according to SMM research, due to the impact of sudden power cuts in Yunnan, Guangdong and other places, the operating rate of blast furnaces in domestic steel mills fell 1.2% to 85.7% month-on-month this week compared with last week, and 0.9% month-on-month. Taking into account the current decline in profits of steel mills, coupled with sufficient inventory of raw materials in the plant, a steel plant in the north said that it plans to overhaul the blast furnace in the near future. In addition, although the inventory of finished products continues to decline recently, it is difficult to see a significant increase in demand for iron ore procurement due to the lower-than-expected profits of steel mills and the lower-than-expected prices of finished products.
Crude oil rose 1.49% in the previous period, international oil prices rose on Friday, and Brent crude oil was close to $70 a barrel, supported by strong US economic data and a strong rebound in global fuel demand in the third quarter. The OPEC, made up of OPEC and its allies, is likely to insist on the current pace of relaxing oil supply restrictions at Tuesday's meeting as oil producers weigh expectations of a recovery in demand against a possible increase in Iran's production, according to sources from the Organization of Petroleum Exporting countries ((OPEC)).
In terms of precious metals, Shanghai gold fell 0.84%, Shanghai silver fell 0.87%, and international gold prices fell slightly on Friday as rising US dollar and US Treasury bond yields weighed on safe-haven gold, as investors waited for key US inflation data to be released later today to assess inflationary pressures. Investors are now waiting for the US monthly personal consumption expenditure report to be released later to measure inflationary pressures.
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[stock market close] the index weakened in the afternoon and lithium stocks were highly sought after.
The gem index fluctuated higher all the way in early trading, rising nearly 2% in midday, rising and falling in the afternoon, such as pharmaceuticals, banks, brokerages and other heavy plates. The three major stock indexes all turned green at one time, and lithium shares were sought after by funds. Nearly 20 stocks, such as Rong Bai Technology, rose more than 10%. The turnover in Shanghai and Shenzhen stock markets once again exceeded trillion yuan, and the plate continued to rotate the market, with poor theme persistence. On the disk, lithium, Huawei, energy storage, and other sectors led the rise, while pharmaceutical, dairy, construction machinery, paper and other sectors fell in the forefront. As of the close, the Prev index fell 0.22% to close at 3600 points; the Shenzhen Composite Index fell 0.3% to close at 14852 points; and the gem index rose 0.19% to close at 3232 points. "View details
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