The U.S. dollar fell, metal fell, industrial silicon, Shanghai tin fell more than 1%, alumina rose 1.37% [SMM Afternoon Review]

Shanghai tin fell 1.21%. The main alumina futures rose 1.37%. In addition, the main industrial silicon contract fell 1.24%. The main lithium carbonate futures contract rose 0.37%. The black series was mixed, iron ore rose 0.84%, thread and hot coil rose slightly, and stainless steel fell slightly by 0.07%. In terms of double coke, coking coal fell 0.14% and coke fell 0.27%. In terms of external metals, as of 11:40, LME metals fell almost across the board. London aluminum, London copper, London zinc, London tin and London lead all fell within 0.5%, and London nickel rose 0.76%. In terms of precious metals, as of 11:40, COMEX gold fell 0.38%; COMEX silver fell 0.43%. In terms of domestic precious metals, as of the close at noon, Shanghai gold rose 0.81%, and Shanghai silver fell 0.97%. On April 16, the Shanghai Futures Exchange issued a notice on adjusting the margin ratio and price limit of copper and other futures trading, starting from the close of settlement on April 17, 2024 (Wednesday), the trading margin ratio and price limit will be adjusted as follows: the price limit of copper and aluminum futures contracts will be adjusted to 7%, the hedging transaction margin ratio will be adjusted to 8%, and the speculative trading margin ratio will be adjusted to 9%. The price limit of gold and silver futures contracts is adjusted to 8%, the margin ratio for hedging transactions is adjusted to 9%, and the margin ratio for speculative transactions is adjusted to 10%. SPDR Gold Trust, the world's largest gold listed exchange-traded fund (ETF), announced that as of Tuesday (April 16), its gold holdings were 830.18 tons, an increase of 1.73 tons, or 0.21%. It was 828.45t in the previous session. In ounces, open interest was 26,691,034.03 ounces, compared to 26,635,495.08 ounces in the previous session. In addition, as of noon close, the main futures of European line container shipping were reported at 2270.9 points, down 0.62%.