Inner and outer metal strength Shanghai aluminum led the rise of black series strong iron ore rose more than 5% [SMM Review]

SMM3 on March 3, the US dollar continued to rise in early trading today, which was larger than that of overnight. Crude oil, on the other hand, continued to rise in early trading today as oil prices soared to an 11-year high as Russian refining industry exports were regulated and concerns about supply shortages intensified.

Metal plates rose this morning, with only Shanghai lead floating green, down 0.67%. The gains of other varieties have expanded, of which Shanghai aluminum rose significantly, leading the way with an increase of 3.27%, Shanghai zinc rose 2.57%, and Shanghai copper rose 1.47%. Shanghai tin and Shanghai nickel rose slightly by about 0.5%.

The black department continues to be strong and the whole line is red. Iron ore rose rapidly in early trading, led by 5.56%, hot coil up 1.92%, thread 1.2%. Stainless steel rose slightly by 0.96%. Shuangjiao resumed its previous rally, which was higher than overnight, with both rising by more than 2%, coking coal by 2.75% and coke by 2.45%.

The outer disk is also red across the board, with both Len Zinc and Lunni up more than 2%, followed by Lun Al up 1.6%. Lun copper rose slightly by 0.85%, while lun lead rose slightly by 0.35%.

As of 9:30:

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As for copper, on March 2, the spot contract for electrolytic copper in Shanghai was quoted at 100.50 yuan / ton for the same month, with an average price of 30 yuan / ton, unchanged from the previous day. The market rebounded, the downstream is still difficult to see active transactions, and smelters and some imports still continue to flow into the market to suppress the overall spot quotation, but driven by the slight expansion of the basis C structure in the next month, the spot has stabilized at 20 yuan / ton, showing a sawing trend between buyers and sellers. If the basis C structure is still running in ….

Powell gently reassured the market about the rise in energy and raised the heart of copper in the next issue [minutes of the SMM Copper Morning meeting]

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In terms of aluminum, Shanghai Aluminum opened high overnight, the main 2204 contract opened at 23200 yuan / ton, the long position increased by 23610 yuan / ton and then fell back, the lowest point was 23080 yuan / ton to close at 23290 yuan / ton, up 335 yuan / ton from yesterday, an increase of 1.46%. On Wednesday, Lunlun Aluminum opened at $3487 / ton and closed at $3576 / ton, up $90 / ton, or 2.58%. Recently, Yunnan Aluminum Wenshan Aluminum Co., Ltd. released the "Yunnan Wenshan Aluminum Co., Ltd. January 2022 Environmental Protection Information Public I Information Table". Among them, the electrolytic aluminum project is being debugged. In January, the output of liquid aluminum was 16797.79 tons, the consumption of alumina was 31936.47 tons, and the anode.

Spot market partially improves domestic supply steadily resumes production [minutes of SMM Aluminium Morning meeting]

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In terms of lead, yesterday, Lun lead opened at US $2409 / tonne. During the Asian session, Lun lead was arranged horizontally above the intraday moving average and entered the European period. Lun lead gently touched a low of 2397 US dollars / ton and then entered the market. Lun lead concussion hit a high of 2435 US dollars / ton, and then Lun lead high pressure all the way down, the next break the daily moving average hit 2396.5 US dollars / ton, the late shock recovered to near the intraday moving average to stabilize, recovering the early decline. It closed at 2415 US dollars per ton, up 3.50 US dollars per ton, or 0.15 per cent. On the spot market, the price of primary lead is quoted.

Consumption continues to be light and lead prices are under pressure and adjusted sideways [minutes of SMM lead Morning meeting]

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In the aspect of zinc, Wulianyang was recorded overnight, the center of gravity of K moved up again, and the positive column of MACD enlarged. Overnight LME inventory decreased by 725 tons to 143175 tons, a decline of 0.5%. Overseas energy rose sharply to long positions with momentum, leading Lun Zinc to lead the rise. Overnight, Shanghai Zinc stopped Yang and turned Yin, but the strong pull of the outer disk led to a substantial upward movement of the daily K center of gravity, and broke through Brin Road on the track to suppress. On the supply side, under the influence of geopolitics, European energy prices have risen sharply, and supply worries have led to a strong upward trend in zinc prices; on the consumer side, the market is expected.

The strong pull of the outer disk led to the rise of Shanghai zinc, but the momentum of the rise of Shanghai zinc was insufficient [minutes of SMM Zinc Morning meeting]

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Tin, Shanghai and tin high fall to maintain a horizontal range, the total amount of funds has not changed much. In terms of fundamentals, inventory performance at home and abroad is stable and does not fluctuate greatly, but the recent epidemic in Myanmar has led to tight expectations of domestic mine supply, and it is feared that both supply and demand in the market will be maintained. On the market trend, Huxi was driven by the mood of the overall non-ferrous metal plate to jump high last night, and then the trend did not maintain a strong price decline rapidly until the gap was mended to maintain a narrow range of shocks. The market.

Shanghai tin rushes high to magnify the volatility of funds and watch carefully for a small number of entrants [SMM Tin Morning News]

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In terms of nickel, the Shanghai Nickel 2204 contract opened at a high level in the morning, and the spot market rose. At present, the price of pure nickel in the market has been uniformly changed to the Shanghai Nickel 2204 contract. Jinchuan Nickel is quoted as rising water 3500-3800 yuan / ton against 2204 contract, with an average price of 3650 yuan / ton. Russian nickel spot water rose 2800-3000 yuan / ton against 2204 contract, with an average price of 2900 yuan / ton. On the supply side, the output of nickel sulfate recovered slightly, but the recovery was less than expected, the spot of pure nickel was tight, and the rising water remained high. On the demand side, the increase in precursor production is higher than that of nickel sulfate, but the production schedule is also lower than expected. The domestic new production capacity of stainless steel has increased, but the demand growth is slow. The current market.

Changes in internal and external price differences of pure nickel pay close attention to the latest geopolitical trends [minutes of SMM Nickel Morning meeting]

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In terms of iron and steel, yesterday even iron continued to be strong and volatile, and the final closing price of the main contract was 755, an increase of 4.64% throughout the day. Recently, some blast furnaces resumed production, the demand increased slightly, the landing cost of superimposed imported mines was higher, and the market sentiment was relatively strong; the finished end plate interval shock operation, has reached the relative pressure level, according to the current demand performance, it is difficult to continue to support the price rise.

Second-round rise and landing of coke in short supply of coking coal [minutes of SMM Iron and Steel Morning meeting]

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