SMM8 March 23: most of the non-ferrous metals in today's trading are red, and the main contracts are as follows: international copper is up 1.72%, Shanghai copper is up 1.55%, Shanghai aluminum is up 2.08%, Shanghai lead is up 1.28%, Shanghai zinc is down 0.56%, Shanghai nickel is up 1.28%, and Shanghai tin is up 0.88%. On the copper side, with the recent increasingly severe spread of the Delta virus, investors are worried that the sustained economic recovery will be blocked, expectations of the Fed's early tightening of liquidity have eased, market sentiment has improved slightly, and copper futures have rebounded. In addition, the initial value of Germany's August PMI announced in the afternoon was lower than expected, and the outer disk fell somewhat, which dragged down the market of the main contract in Shanghai at the end of the day, giving up some of the gains during the day, but the support of the daily moving average below was still strong.
[brief Review of SMM Copper Futures] Shanghai Copper continues to rebound and there is still pressure above 68000 yuan / ton.
In terms of lead, against the background of repeated epidemics, consumption in the traditional peak season in the third quarter is moderate, and lead ingot exports are expected to be fulfilled, but they are still defeated by the release of new production capacity of recycled lead, and the general trend of lead ingot accumulation is difficult to change. the two major game points for the follow-up lead price operation are still inventory and cost. From August to September, the mainstream operating center of lead price is 15000-15500 yuan / ton, but the possibility of falling below 10,000 yuan is not ruled out; in September, it pays more attention to the release rhythm of the conventional reserve stock and the new production capacity of recycled lead before the National Day, and the reserve concentration period may reach 15500 yuan / ton again.
"[minutes] High inventory VS traditional peak season lead price trend in the third quarter pays attention to two major game points!
Tin, from the market trend, the price trend as a whole is in the narrow range after the previous sharp fall, the fluctuation range is relatively small, and there is no recent test of the trend on the important support pressure position. From the perspective of capital changes, today continues to maintain a steady reduction of positions, market activity continues to decline, long and short parties are less willing to build positions in this position. From the fundamental point of view, according to the feedback of traders, the supply of goods in the market is still tight, and some brands are even out of stock in the local market. Although the spot rising water has declined, but considering that the total price is still not low, the overall transaction is poor. Taken into consideration, today's weak trend can be understood as the rest and recuperation stage of the market after the previous market slump, based on which it is judged that the market trend is more likely to fluctuate within the range before long-short funds resume their willingness to enter the market.
"[SMM tin brief review] Shanghai and tin continue to narrow horizontal market finishing market temporarily lack of hot spot funds to leave the market.
In terms of black, thread rose 1.55%, hot coil rose 1.37%, coking coal rose 7.98%, coke rose 7.99%, iron ore fell 1.05%, stainless steel rose 0.74%. In terms of coke, the coke market in Shandong is strong today, and the market mentality is strong. Some coke enterprises are ready for the sixth round of increases. Due to the influence of safety and environmental protection inspection, the output of some coke enterprises in Shandong fluctuates greatly, but the sales and orders are good, and the inventory in the factory still keeps declining. Recently, Shandong's major coking coal mines are still dominated by protecting power supply coal, and coking coal resources are tight. Today, the listing price of some coking coal in Jining area of Shandong Province has been raised by 200yuan / ton. after rising, gas coal (A < 9 ~ S < 1910) was reported at 1910 yuan / ton, 1gram 3 coking coal (A < 9 ~ S < 0.6) at 2170 yuan / ton, fat coal (A < 9 ~ S < 0.6) at 2400 yuan / ton, implemented today, this increase will narrow the price gap with Shanxi coking coal. On the whole, the supply and demand of coke shows a tight balance, and the rise in coking coal prices further squeezes the profits of coke enterprises.
[SMM Coke spot Daily Review] Coke coal continues to rise and the sixth round of coke rally is about to be launched.
Crude oil rose 0.8% in the previous period, and international oil prices rebounded on Monday, reversing seven consecutive falls as investors bought on bargains, but lingering concerns that a surge in global novel coronavirus cases could affect fuel demand, coupled with a stronger dollar, limited the rise in oil prices.
In terms of precious metals, Shanghai gold rose 0.11% and Shanghai silver fell 0.34%. International gold prices fell slightly in the morning on Monday, then rebounded slightly as the dollar stayed near recent highs, but the decline was limited due to growing concerns about the economy. Speculators increased their net long positions in COMEX gold and reduced their net long positions in silver in the week ended Aug. 17, according to (CFTC) data from the Commodity Futures Trading Commission.
"check the metal futures market.
[stock market close] the three major A-share indexes rose throughout the day, intelligent manufacturing and industrial mother machine concept stocks broke out across the board.
Today, the two markets rebounded sharply, the size index opened high and pulled up unilaterally. The gem index rose 3.16%, the Prev rose 1.45%, and the Shenzhen index rose 1.98%. The subject stocks were active, the money-making effect was slightly stronger, and the market sentiment obviously warmed up. Photovoltaic and other high prosperity sectors continued to be sought after, and only a small number of major financial, telecommunications and other sectors in the market fell against the trend. More than 3700 stocks in the two markets were floating red, with a turnover of 1.3 trillion. It exceeded 1 trillion yuan for 24 consecutive trading days. The coal and natural gas sectors opened stronger, intelligent manufacturing and industrial mother machine concept stocks broke out across the board, and the plate staged a rising and stopping trend, including Huachen equipment, Huazhong numerical Control, Genesis, Guosheng Zhike and other 20cm targets. In addition, high prosperity directions such as photovoltaic, silicone, military industry, lithium lithium ore, rare earth permanent magnet continued to be sought after by funds, and lithium mining stocks such as Jiangte Motor and China Mining Resources rose by the limit, and Salt Lake shares once pulled up the touchboard. HIT battery concept stocks led two cities, Dike shares, Touri Xinneng and other target trading. On the disk, HIT batteries, high-end equipment, aero-engines rose in the forefront, RETIS concepts, securities, banks and so on fell.
