[live broadcast] the 16th lead and Zinc Summit opened ceremoniously and felt the pulse of the 2021 market to explore new opportunities for regeneration.
SMM5 March 18: the whole non-ferrous metals market is red today. by the end of the day, international copper rose 1.87%, Shanghai copper rose 1.9%, Shanghai aluminum rose 0.46%, Shanghai lead rose 2.58%, Shanghai zinc rose 4.64%, Shanghai nickel rose 3.18%, and Shanghai tin rose 0.9%. In terms of tin, so far, most tin smelters in Gejiu area of Yunnan Province have said that they have received notification of power cuts, and some of them have said that they will implement certain power cuts this week, including suspending the production of some stoves. Further notice will be required as to whether the power cuts will continue after this week. According to the local tin smelter, this week's power cuts have had a limited impact on actual production. .
[SMM investigation] Power cuts in Yunnan have little effect on tin smelting production.
In terms of black series, thread fell 0.18%, hot coil fell 0.75%, coking coal fell 0.05%, coke rose 1.22%, iron ore rose 4.32%, stainless steel rose 2.39%, iron ore, last week, under multiple control of policy messages such as the exchange, black commodities, including iron ore, cooled rapidly; Although hot metal production continues to pick up this week, but steel mill profits have declined under the drag of raw material prices, for iron ore and other raw materials procurement rhythm multi-rigid demand, or difficult to see a substantial increase. In addition, the recent arrival volume of mainstream Australian varieties is expected to increase slightly, and the structural problems of port spot are expected to improve gradually.
Crude oil rose 2.87 per cent in the previous period, and international oil prices extended the previous day's rise on Tuesday as optimism that the reopening of the US and European economies would stimulate a solid recovery in fuel demand outweighed fears of an increase in novel coronavirus infection in Asia. U.S. president Joe Biden will send at least 20 million doses of novel coronavirus vaccine abroad by the end of June, the first time the United States has shared its licensed vaccine for domestic use.
In terms of precious metals, Shanghai gold rose 1.11 per cent and Shanghai silver rose 4.28 per cent, while international gold prices expanded on Tuesday to hit more than three-and-a-half-month highs as a weaker dollar and rising inflationary pressures underpinned gold's attractiveness as an inflation hedge. The minutes of the latest policy meeting of the US Federal Reserve / FED will be released on Wednesday, which is expected to provide a clearer outline of the Fed's monetary policy outlook and the views of policy makers on inflation.
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