SMM7 month 8 news: most of the non-ferrous metals market closed down this morning, by the end of the afternoon, Shanghai copper, Shanghai lead fell slightly, Shanghai nickel rose 1.69%, Shanghai tin rose 2.17%, Shanghai aluminum fell 0.4%, Shanghai zinc fell 0.49%; Shanghai tin morning volume pull up, the main 1909 contract increase has been more than 2%, the futures price is still on the way to recover the early lost land, the current outflow of more than 16 million funds. Last week, Shanghai tin fell sharply, and the futures price was once close to a three-year low. From a fundamental point of view, there are two reasons for market interpretation. One is that the inventory of Lunxi continues to rise, and the high level of inventory hovered in the previous period. Inventory pressure has suppressed the futures price. Second, Japan restricts the export of electronics industry-related materials to South Korea, which is expected to be bad for global demand for tin. However, there have been concerns about a shortage of domestic tin mines, with stocks of tin in the previous period falling by 8 per cent to 7681 tons, as announced on Friday, and the suppression of inventories eased, prompting a rebound in futures prices.
In the black system, iron ore is up 1.24%, thread is down 0.32%, coking coal is up 0.44%, hot roll is down 0.21%, coke is down 1.03%. Thread hot coil hit an 8-month high, iron ore up to 911.5 yuan, refresh five and a half years high. However, the positive mood was released quickly, the black system plummeted across the board, and iron ore completely gave up its gains within the week. The good times are not long, the total amount of steel inventory has rebounded for the fourth week in a row, the transaction in the lower reaches is not smooth, the demand for base repair is gradually weakened, and the rumors of setting up an iron ore research group have been confirmed. Qu Xiuli, vice president of the China Iron and Steel Association, said that iron ore deviates from the trend of steel prices, and relevant state ministries are highly concerned, are investigating the reasons for the sharp rise in prices, and will severely crack down on irregular acts such as random price increases and price monopolies. Iron ore futures bulls mood disturbance, 1909 contract twice collapsed, the lowest down 816 yuan / ton, far month contract large area drop limit.
Us crude oil futures are expected to continue to rebound, rising to a range of $58.16 to $58.66 a barrel, with 50 per cent and 61.8 per cent of the downward trend of $60.28 to $56.04 at both ends of the range, analysts said on Monday.
Spot today:
Lead: Guangdong market Nanhua lead 16025 yuan / ton, the average price of SMM1# lead to 50 yuan / ton quoted; Southern Reserve South 16020 to 16030 yuan / ton, 1907 contract water 50 to 60 yuan / ton; lead price returned to around WanLiu, some storage enterprises to rigid demand procurement-based, market transactions in general; Henan Yuguang and other smelters to long single transaction-based; Wanyang, Jinli 15975 yuan / ton, SMM1# lead average price flat price quoted; the price of lead returned to the vicinity of WanLiu, some storage enterprises to rigid demand procurement, the market transaction is general; Yuguang and other smelters in Henan area are mainly trading in long orders; Wanyang and Jinli 15975 yuan / ton, the average price of SMM1# lead is quoted at the average price. Lead price shock weakness, downstream on-demand procurement, market transactions in general. Other areas such as: Jiang Copper 16000 yuan / ton, the average price of SMM1# lead 25 yuan / ton quoted; Yunnan small plant lead 15675 15725 yuan / ton, SMM1# lead average price discount 250 300 yuan / ton; refineries to long single transaction, bulk order shipping enthusiasm is not high, but lead price dropped to about 10, 000 yuan, some storage enterprises show signs of replenishment; today, the mainstream quotation of reduced lead in 14300 to 14450 yuan / ton. Shanghai lead returned to the top of 10,000, the purchase price of waste batteries did not continue to fall; the status quo of reducing lead smelting continued to be difficult to make a profit, superimposed the impact of pollution control in Henan and other places, resulting in the production of a small number of local refineries once again into a stalemate, Henan, Anhui and other places show signs of tension in the supply of reduced lead; and trading in the renewable refined lead market has not seen a significant improvement.
Zinc: Tianjin market 0 # zinc ingot mainstream transaction in 19570 to 20610 yuan / ton, 0 # ordinary brand mainstream transaction in 19570 to 19670 yuan / ton, 1907 contract water 70 to 120 yuan / ton, Tianjin stock market than Shanghai stock market rose 40 yuan / ton yesterday to 30 yuan / ton. The refinery shipment is normal, the market supply circulation is more abundant, in the morning period the shipowner quotation is concentrated in the 07 contract water 100-120 yuan / ton, but the downstream receiving intention has not been shown for the time being. In the follow-up period, some holders lowered the water supply of ordinary brands to around 60 to 70 yuan per ton, and the market turnover improved slightly. Today, Tianjin transactions are mainly low-priced brand goods, the market trading atmosphere continues light, mainly because the lower reaches of Friday to buy a strong willingness to replenish the warehouse, or overdrawn part of the follow-up consumption, the transaction volume is slightly weaker than last Friday. 0 # Zijin, Hongye, lark, Chihong, West Mine, etc., were sold in 19570 yuan / ton, and 1 # Zijin, Chihong, Hongye, etc., were sold in 19520 yuan / ton. Guangdong 0 # zinc mainstream trading in 1990 19650 yuan / ton, Shanghai zinc 1908 contract water 120 to 160 yuan / ton, Guangdong stock market than Shanghai stock market from Friday near Pingshui to discount 30 yuan / ton. Refinery normal shipment, the market supply of goods is abundant. In the morning, the quotation of the holder concentrated on the average price of-10 yuan / ton, and the quotation of the holder of the contract was concentrated around 180 yuan / ton of rising water for the 08 contract, followed by the continuous narrowing of the monthly difference from that month to the following month. The holder lowered the rising water to about 120 to 160 yuan / ton of rising water for the 08 contract. After the price reduction, the market transaction was not significantly boosted. The main reason is that there are more purchasing and replenishment warehouses downstream on Friday, and part of the follow-up consumption is overdrawn. Downstream today is mainly wait-and-see, today's transaction situation is weaker than last Friday. 0# Kirin, Cishan, Tiefeng, Mengzi mainstream transactions in 1990 19650 yuan / ton.
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