Review on spot Trading Day of SMM Base Metals on May 8th

Đã xuất bản: May 08, 2020 18:18 (GMT+8)
Review on spot Trading Day of SMM Base Metals on May 8th

SMM, 8 May:

Copper: LME is closed because today is a Bank of England holiday.

Today, the main force of Shanghai copper opened at 43200 yuan / ton in the morning. After opening, the bulls pushed up the copper price by about 140 yuan / ton, and arranged the horizontal plate around the position of 43330 yuan / ton. Before noon, copper prices slowly climbed to 43470 yuan / ton, after a small drop of 50 yuan / ton, closed at 43420 yuan / ton. Open in the afternoon, Shanghai copper continued to climb to the highest point of the day 43610 yuan / ton. Near the end of the session, copper prices fell slightly to close at 43510 yuan / ton, up 720 yuan / ton, or 1.68%. The daily position of the main force of Shanghai copper decreased by 85 hands to 113000 hands, mainly by short positions, while trading volume increased by 5663 hands to 80000 hands. Shanghai Copper 2005 contract position today decreased by 2890 hands to 33000 hands, mainly for short positions, the current spread with 06 contract prices widened to 200 yuan / tonne. Shanghai Copper 2007 contract increased its position by more than 2000 hands. The slow rise in the main force of copper in Shanghai today was mainly driven by optimistic expectations of a sustained recovery in copper demand. Copper-related import data released by the General Administration of Customs yesterday showed that China's copper production has further recovered, and social inventories in the three places continued to decline today, indicating that domestic copper consumption is optimistic. On the supply side, Chilean copper production rose 4.2 per cent in March from a year earlier, while (Codelco), the world's largest copper miner, rose 14.8 per cent to 147600 tonnes in March from a year earlier. Peruvian copper mines are also expected to reopen. Concerns about tight copper supply have eased and there are limits on the increase in copper prices. At present, the copper in Shanghai is positive, and the 60-day moving average has also changed from the pressure level to the support level. On the technical side, look at the price of copper. LME is closed today. In the evening, we focused on the changes in non-farm payrolls in the United States in April and the unemployment rate in April to test whether Shanghai copper could continue to rise.

Today, Shanghai electrolytic copper spot contract rose 100 yuan / ton to 140 yuan / ton, Pingshui copper transaction price 43550 yuan / ton ~ 43610 yuan / ton, Shengshui copper transaction price 43570 yuan / ton ~ 43630 yuan / ton. Copper in Shanghai continued to rebound strongly today. After rushing 43000 yuan / ton yesterday, it continued to rise to more than 43500 yuan / ton, up nearly 1.5%. Although the morning market began to quote with 120 ~ 140 yuan / ton of rising water, there was a tide of price reduction soon. Pingshui copper was the first to rise to about 110 yuan / ton, and the surface of good copper topped the rising water of 130 yuan / ton. However, few people in the market are interested in it, and there are few transactions. Enter the second trading stage, Pingshui copper rose 100 yuan / ton, good copper price adjustment water 120 yuan / ton, but the actual transaction in the cautious wait and see can still depress the price, especially to the end of the afternoon, it can be heard quoted water 90 billion 110 yuan / ton, lower buying volume today, wet method as low as 60 yuan / ton. LME due to bank holidays, Shanghai copper homeopathic surge, the actual market transactions wait and see, the seller took the initiative to sell the source of goods, strive to close, the buyer still stopped, the transaction showed that supply exceeds demand on the weekend weak characteristics. In the afternoon, the market rose another 200 yuan / ton compared to the end of the afternoon market, has steadily risen to 43700 yuan / ton, the holder continues to maintain a positive quotation and shows the willingness to trade at a low price, but the market is still afraid of height. and most of the weekend time has no intention to enter the market, Pingshui copper quoted 90,100 yuan / ton, good copper 100-110 yuan / ton, the transaction price has risen to 4364043820 yuan / ton.

Aluminum: LME is closed because today is a Bank of England holiday.

The Shanghai aluminum main force 2007 contract opened at 12440 yuan / ton in the morning, hovering around the 12425 yuan / ton line at the beginning of the day, and then increased its position by more than 2, 700 hands within 15 minutes, pushing down the high aluminum price. The low level reached 12320 yuan / ton, refreshed its low for more than a week, hit 12320 yuan / ton low again after struggling unsuccessfully at the low position, began to climb in the afternoon, rose 12455 yuan / ton at the end of the day, and ended up at 12430 yuan / ton, down 30 yuan / ton. Down 0.24%, closed in the small negative line, position increased by 12536 hands to 143000 hands, short positions increased mainly, trading volume increased by 24594 hands to 105000 hands, daily KDJ third line down, daily MACD red line shortened. Due to the weakening expectations of consumption, it is expected that the upstream space in the evening is limited, and continue to pay attention to the resistance of the upper 60-day moving average.

Aluminum maintains interval shocks in the early afternoon. Shanghai Wuxi area holder quotation between 12820-12840 yuan / ton, the spot price fell back nearly 150 yuan / ton compared with yesterday, the surface rising water concentrated in the 90-110 yuan / ton. Due to the rise and fall of aluminum prices, the number of shippers increased significantly today, and middlemen received goods more actively under the condition of low prices. A large household carried out procurement plans as usual, and the transactions between buyers and sellers were OK, showing a slight stalemate in prices. Downstream stock enthusiasm increased today, due to the decline in aluminum prices superimposed for the weekend consideration, today's delivery status than the previous two days preference. The overall transaction in East China is better today. Afternoon aluminum shock upward, the holder quoted in the vicinity of 12840 yuan / ton, on the surface of the water about 100 yuan / ton, only a small number of transactions between traders, few downstream.

Lead: LME is closed for a bank holiday.

Within the day, the Shanghai lead main force 2006 contract opened at 13880 yuan / ton, the all-day pressure daily averaging shock, during the concussion platform slowly declined, the center of gravity moved down, and finally closed at 13895 yuan / ton, the position increased by 977 hands to 25391 hands, up 5 yuan / ton, up 0.04%. Shanghai lead newspaper lengthened the upper shadow small negative line, the uplink breakthrough failed again, there is a strong pressure at the Wansi pass, considering that the pressure on the supply end of recycled lead will gradually appear in mid-May, Shanghai lead is still expected to fall back and weaken at night, but before the new recycled lead is actually put into production, the disk may show a gentle downward trend.

Shanghai market Jinsha lead 14425-14445 yuan / ton, Shanghai lead 2006 contract up 540-560 yuan / ton, Wuxi market south lead 14385-14435 yuan / ton, Shanghai lead 2006 contract 500-550 yuan / ton. Lead rush high decline, coupled with the electrolytic lead factory shipments have been converted to (to SMM1# lead average price) discount quotation, the holding price mood moderated, some slightly reduced quotation (to the lead main contract) rising water, but the downstream purchase intention is not high, just need to gather in parallel imports or recycled lead plate, the transaction has not been greatly improved.

South China lead in Guangdong market is 14200 yuan / ton, the average price of SMM1# lead is up 50 yuan / ton. Henan Yuguang, Wanyang and other smelters are mainly Jiaochang single, Jinli, Wanyang 14175 yuan / ton, the average price of SMM1# lead discount 50 yuan / ton (traders); Hunan Shuikoushan 14225 yuan / ton, the average price of SMM1# lead rose 50 yuan / ton; Hunan Jingui 14100 yuan / ton, the average price of SMM1# lead 50 yuan / ton. Jiang copper 14150 yuan / ton, SMM1# lead average price flat water quotation. Yunnan small factory 13950 yuan / ton, the average price of SMM1# lead discount 200 yuan / ton quotation. Today, the market bulk quotation continues to fall, the primary lead market trading is light, the market is mainly recycled lead trading.

Zinc: LME is closed for a day because of a bank holiday.

During the day, the main 2007 contract of Shanghai zinc opened at 16830 yuan / ton, and some bears entered the market at the beginning of the session to apply pressure. Shanghai zinc recorded a V-word low of 16755 yuan / ton. Then, with the support of buying funds, Shanghai zinc gradually strengthened, once breaking through the Wanqi pass to press a high of 17010 yuan / ton, but the high position triggered short selling, and the tail of Shanghai zinc plate fell slightly. The final price rose to 16940 yuan / ton, up 325 yuan / ton, or 1.96%. The trading volume increased by 2707 hands to 10,000 hands, and the position increased by 13225 hands to 117000 hands. Shanghai zinc continued to increase its positions after the festival, with a total increase of more than 30,000 hands, mainly because imported ore inflows were blocked and transformed into substantial smelter production resistance, which continued to be effective in the medium term, but high zinc prices suppressed consumption. if inventories continue to accumulate or become zinc price rebound pressure, it is expected that zinc will fluctuate at a high level in the evening, resulting in insufficient upside space.

The mainstream transaction of zinc in Shanghai was 16930Muth17040 yuan / ton, while that of Shuangyan and Chihong was 16960,17050 yuan / ton, while that of Shuangyan and Chihong was 100 yuan / ton, and that of Shuangyan and Chihong was 16850, 16960 yuan / ton. Shanghai zinc 2005 contract low rebounded, the morning market closed at 16980 yuan / ton. High zinc prices, coupled with the approach of the weekend, smelters and traders actively shipped, the market price was slightly lower than yesterday, domestic water rose from 110 yuan / ton to 90 yuan / ton in the morning market, and directly docked downstream Shuangyan Huize brand quotation was lowered synchronously, from 130 yuan / ton to 100 yuan / ton, while imports from Belgium, Spain, SMC and other circulation have increased. The rising water is about 60-90 yuan / ton, and there are not many transactions, because the disk price is high, the downstream purchase is more cautious, and the main trading contribution between traders in the first trading session is the main activity. Into the second trading session, trading between traders has come to an end, downstream continues to wait and see, market trading is flat, the overall intraday turnover is slightly less than yesterday.

The mainstream transaction of Ningbo Gao was 17020murt 17120 yuan / ton, and the price difference between Ningbo and Shanghai ordinary brand was increased from 20 yuan / ton to 30 yuan / ton. The price difference between Ningbo and Shanghai ordinary brand was increased from 20 yuan / ton to 30 yuan / ton. Zinc prices continue to strengthen, the shippers are more willing to ship, but the actual transaction is relatively light. In the first session of the morning, the price quoted by the holder lowered slightly yesterday. The sources of goods such as Huize and Kirin reported a rise of 140 yuan per ton for the May contract, while Tiefeng and Hualian reported a rise of 130 yuan per ton for the May contract. However, due to the higher futures prices, the downstream pre-festival inventory is abundant, the buying mood is not good, only just need to give priority to. Overall, today's market transaction atmosphere is basically flat compared with yesterday, the transaction situation is still poor.

The mainstream transaction of Guangdong zinc was 16820-16960 yuan / ton, and the quotation focused on the Shanghai zinc 2006 contract rising by 25-50 yuan / ton, and the discount of 110 yuan / ton in Guangdong stock market was 10 yuan larger than that in the previous trading day. In the first trading period, futures prices fluctuate, downstream high prices have a poor willingness to purchase, holders meet high shipping enthusiasm to enhance, the net price down 10 yuan transaction is OK, but most of the transactions between traders. Individual brands offer lower prices and put pressure on rising water. Kirin, Mengzi, Huize, Tiefeng quoted prices for Shanghai zinc contract for 6 months, 30ml 50 yuan / ton, Feilong Shengshui 10mur20 yuan / ton. In the second trading period, the price is still on the strong side, downstream procurement has not improved, traders press the price to receive, but the spot price on the futures contract discount, the range of price adjustment is limited, overall, the market as a whole. Kirin, Mengzi, Huize and Tiefeng quoted 25-30 yuan per ton for the June contract. Kylin, Mengzi, Huize, Tiefeng mainstream transaction in 16820-16960 yuan / ton.

The mainstream turnover of zinc ingots in Tianjin market was 17040mur18390 yuan / ton, while that of ordinary brands was 17040MUE 17210 yuan / ton. For the 2005 contract, the price of rising water was around 100yuan / ton to 250yuan / ton. Compared with Shanghai stock market, the price of rising water in Tianjin stock market dropped from 70 yuan / ton to about 30 yuan / ton. Today, Shanghai zinc continues to rise, the spot market downgrade the discount price, the price is more uniform, the ordinary brand Bai Ling Bao is quoted for the 05 contract with a premium of 120 Mel / ton, the Red Coat is quoted for the 05 contract with a premium of 160 Mel / ton, Chi Hong is quoted for the 05 contract with a premium of 120 Mel / ton, the fourth Ring Road is quoted at 100 yuan / ton for the 05 contract, and the high-priced brand Zijin is quoted near 250,220 yuan / ton for the May contract. Zinc prices continued to rise today, traders initially maintained a discount quotation for shipment, but due to poor transactions, superimposed smelters shipped at a low price, and then lowered the discount quotation again, the downstream transaction slightly improved; downstream, zinc prices continue to rise today, the overall willingness to pick up is poor. On the whole, deals have been done today. Zinc ingots were sold at around 16990 RMB17160 per ton.

Tin: the Bank of England is off today, LME is closed.

Shanghai tin main force 2007 contract last night 129600 yuan / ton after the opening of the overall maintenance in the vicinity of the opening price shock finishing. After the opening of 129410 yuan / ton in early trading today, the overall horizontal consolidation trend was maintained between early trading and midday trading. Affected by the long increase in positions in the afternoon, Shanghai tin quickly rushed up to a daily high of 131000 yuan / ton. Subsequently, the long part of the reduction left the market, Shanghai tin fell back, and finally closed at 130180 yuan / ton, up 1330 yuan / ton, up 1.03%, trading volume 39863 hands, position 32117 hands, an increase of 1047 hands. Today, Shanghai tin is a small positive line, the physical part is above all moving averages, and the resistance above Shanghai tin is expected to be near the previous high of 132000 yuan / ton.

Spot market, today quoted 133500-135500 yuan / ton, some traders within the day to purchase, downstream enterprises to maintain a weak state. The overall transaction atmosphere of Shanghai tin spot market is generally weak. Shanghai tin 2006 contract set Yunxi rising water near 5000 yuan / ton, ordinary cloud word rising water 4, 000-4, 500 yuan / ton, small brand rising water near 3500 yuan / ton.

Nickel: the Bank of England is off today, LME is closed.

Shanghai nickel today more stable day trend, Shanghai nickel 2007 contract opened today at 101250 yuan / ton, the beginning of the market short push up, the bulls in 102050 yuan / ton after the hindrance to leave the market, all the way down, pressure daily average line around 101600 yuan / ton narrow range shock, the second trading period, short once increased position pressure, Shanghai nickel probe lower 101100 yuan / ton first line. 5-day moving average support is obvious, level more into, Shanghai nickel return is still blocked at 102000 yuan / ton, afternoon around the daily average narrow range of 101600-102000 yuan / ton range, finally closed at 101720 yuan / ton, compared with the settlement price of the previous trading day down 130 yuan / ton, down 0.13%, day trading volume decreased by 122000 to 290000 hands, day position reduced by 385 hands, full-day position reduced by 4017 hands to 87520 hands. Shanghai Nickel closed at Xiaoyangzhu today, continued to stay above all moving averages, continued the operation of the uplink channel, and focused on Shanghai Nickel's breakthrough capacity of 102000 yuan / ton at night.

Today's SMM1 electrolytic nickel quotation 101200-102700 yuan / ton, the average price is 250 yuan / ton lower than yesterday. Shanghai nickel closed down yesterday night, this morning Shanghai nickel although some recovery, but the center of gravity is still lower than the previous two days. While the price fell, the spot market trading did not improve significantly. Russian nickel to Shanghai nickel 2006 contract reported 50 yuan / ton to rise 50 yuan / ton, traders today more flat, part of the non-deliverable Russian nickel discount shipment, today's Russian nickel transaction is slightly better than yesterday, but the recovery is limited. Jinchuan nickel to Shanghai nickel 2006 contract rose 1200-1300 yuan / ton, traders still continue yesterday's offer, some traders have dozens of tons of trading volume. Jinchuan Company Shanghai ex-factory price of 102000 yuan / ton, Gansu 101550 yuan / ton, it is reported that the morning market trade in Gansu to pick up a small number of goods. Nickel beans to Shanghai nickel 2007 contract posted 700 yuan / ton, due to May Day before the three yuan precursor factory has goods, the current demand is weak.

 

   

 

Scan QR code, apply to join SMM metal communication group, please indicate company + name + main business

Tuyên bố về Nguồn Dữ liệu: Ngoại trừ thông tin công khai, tất cả dữ liệu khác được SMM xử lý dựa trên thông tin công khai, giao tiếp thị trường và dựa trên mô hình cơ sở dữ liệu nội bộ của SMM. Chúng chỉ mang tính chất tham khảo và không cấu thành khuyến nghị ra quyết định.

Để biết thêm thông tin hoặc có thắc mắc gì, vui lòng liên hệ: lemonzhao@smm.cn
Để biết thêm thông tin về cách truy cập báo cáo nghiên cứu, vui lòng liên hệ:service.en@smm.cn
Tin Liên Quan
KGHM và South32 khởi động dự án mở rộng Sierra Gorda trị giá 725 triệu USD, nâng công suất đồng thêm 26%
2 giờ trước
KGHM và South32 khởi động dự án mở rộng Sierra Gorda trị giá 725 triệu USD, nâng công suất đồng thêm 26%
Đọc thêm
KGHM và South32 khởi động dự án mở rộng Sierra Gorda trị giá 725 triệu USD, nâng công suất đồng thêm 26%
KGHM và South32 khởi động dự án mở rộng Sierra Gorda trị giá 725 triệu USD, nâng công suất đồng thêm 26%
KGHM và South32 đã khởi công xây dựng dây chuyền nghiền thứ tư tại mỏ đồng-molypden Sierra Gorda ở vùng Atacama của Chile. Dự án mở rộng trị giá 725 triệu USD kéo dài ba năm kể từ tháng 1 năm 2027, hoàn thành vào cuối năm 2029 và đạt công suất tối đa vào nửa cuối năm 2030. Công suất chế biến quặng tăng 26%, từ 131.000 tấn/ngày lên 165.000 tấn/ngày. Sản lượng đồng hàng năm dự kiến tăng từ 165.000 tấn năm 2025 lên 195.000 tấn, cùng với 6.000 tấn molypden, 58.000 ounce vàng và 1,7 triệu ounce bạc là sản phẩm phụ. Dự án tạo ra hơn 900 việc làm trực tiếp và được tài trợ từ dòng tiền hoạt động và nợ. Chi phí vận hành đơn vị dự kiến giảm khoảng 10%.
2 giờ trước
Emerita gia hạn đánh giá cuối cùng PFS Dải Iberia phía Tây, dự kiến công bố trong vài tuần tới
3 giờ trước
Emerita gia hạn đánh giá cuối cùng PFS Dải Iberia phía Tây, dự kiến công bố trong vài tuần tới
Đọc thêm
Emerita gia hạn đánh giá cuối cùng PFS Dải Iberia phía Tây, dự kiến công bố trong vài tuần tới
Emerita gia hạn đánh giá cuối cùng PFS Dải Iberia phía Tây, dự kiến công bố trong vài tuần tới
Emerita Resources đã cập nhật về Nghiên cứu khả thi sơ bộ (PFS) cho dự án đa kim loại Iberian Belt West tại Tây Ban Nha, cho biết nghiên cứu đã tiến triển đáng kể nhưng vẫn đang trong quá trình rà soát kỹ thuật cuối cùng. Công ty cho biết quy trình rà soát đã được mở rộng để bổ sung thêm giám sát kỹ thuật và đảm bảo chất lượng trước khi công bố. Do đó, Emerita hiện dự kiến sẽ công bố PFS trong vài tuần tới thay vì khung thời gian đã nêu trước đó. Iberian Belt West chứa quặng hóa đồng, kẽm, chì, vàng và bạc, là một trong những tài sản chính đang trong giai đoạn phát triển của Emerita tại Tây Ban Nha. PFS dự kiến sẽ cung cấp thông tin chi tiết cập nhật về kế hoạch khai thác đề xuất, cấu hình chế biến, yêu cầu vốn, chi phí vận hành và kinh tế dự án. Emerita cho biết công tác rà soát bổ sung nhằm đảm bảo tính nhất quán và đầy đủ giữa các lĩnh vực kỹ thuật đóng góp vào nghiên cứu trước khi hoàn thiện. Công ty không công bố ngày phát hành cụ thể đã điều chỉnh và không tiết lộ số liệu mới về sản lượng, vốn hay kinh tế trong bản cập nhật mới nhất. Việc rà soát kéo dài làm trì hoãn mốc kỹ thuật quan trọng tiếp theo của Iberian Belt West, nhưng công ty vẫn cho biết PFS sắp hoàn thành. Đối với thị trường đồng, tầm quan trọng của nghiên cứu sẽ phụ thuộc vào hồ sơ sản lượng và kinh tế dự án cuối cùng được công bố, đặc biệt là đóng góp của đồng so với các kim loại thu hồi khác của dự án. Do đó, sự chú ý sẽ tiếp tục đổ dồn vào thời điểm công bố PFS và liệu nghiên cứu cuối cùng có thay đổi đáng kể triển vọng phát triển của dự án hay không.
3 giờ trước
Cascadia khoan trúng 75,55 m với hàm lượng 1,19% Cu tại Dự án Đồng-Vàng Carmacks
3 giờ trước
Cascadia khoan trúng 75,55 m với hàm lượng 1,19% Cu tại Dự án Đồng-Vàng Carmacks
Đọc thêm
Cascadia khoan trúng 75,55 m với hàm lượng 1,19% Cu tại Dự án Đồng-Vàng Carmacks
Cascadia khoan trúng 75,55 m với hàm lượng 1,19% Cu tại Dự án Đồng-Vàng Carmacks
Cascadia Minerals đã công bố thêm kết quả khoan từ chương trình thăm dò năm 2026 tại dự án đồng-vàng Carmacks ở Yukon, Canada, với các mũi khoan mở rộng mới giúp mở rộng vùng khoáng hóa tại Khu 2000S ra ngoài ranh giới của Tài nguyên Khoáng sản hiện có. Lỗ khoan CD-26-058 trả về 75,55 mét với hàm lượng 1,19% đồng, 0,97 g/t vàng, 10,4 g/t bạc và 335 ppm molypden, tương đương 2,18% đồng quy đổi. Khoảng này bao gồm 48,66 mét với hàm lượng 1,61% đồng, 1,39 g/t vàng, 15,1 g/t bạc và 475 ppm molypden, tương đương 3,03% CuEq. Trong cùng lỗ khoan, một khoảng hàm lượng cao hơn dài 14,50 mét trả về 2,30% đồng, 2,68 g/t vàng, 29,5 g/t bạc và 1.015 ppm molypden, tương đương 5,08% CuEq. Lỗ khoan thứ hai, CD-26-059, cắt qua 93,99 mét với hàm lượng 0,96% đồng, 0,70 g/t vàng, 4,6 g/t bạc và 919 ppm molypden, tương đương 1,94% CuEq. Khoảng này bao gồm 63,97 mét với 1,26% đồng, 0,96 g/t vàng, 6,3 g/t bạc và 1.049 ppm molypden, tương đương 2,52% CuEq. Cascadia cho biết các kết quả mới nhất tiếp tục mở rộng vùng khoáng hóa tại Khu 2000S ra ngoài giới hạn của Tài nguyên Khoáng sản hiện tại và làm nổi bật bản chất hàm lượng cao hơn của phần mở rộng. Các khoảng khoan được báo cáo thể hiện chiều dày khoan, với chiều dày thực ước tính khoảng 60–70%. Các kết quả khoan mở rộng mới nhất cho thấy khoáng hóa đồng-vàng tại Khu 2000S kéo dài ra ngoài ranh giới của Tài nguyên Khoáng sản Carmacks hiện tại. Các khoảng rộng và các đới bên trong có hàm lượng cao hơn có thể hỗ trợ việc mở rộng tài nguyên trong tương lai nếu các mũi khoan bổ sung xác nhận tính liên tục. Tuy nhiên, các giao cắt mới vẫn chưa được đưa vào Ước tính Tài nguyên Khoáng sản cập nhật, nghĩa là tác động cuối cùng của chúng đối với quy mô dự án và kế hoạch khai thác vẫn cần được xác định.
3 giờ trước