August 17th SMM basic metal spot trading day review

SMM August 17th:

Copper: Today, the copper opened at 6534.5 US dollars / ton, a small wave of copper at the beginning of the plate rose, then quickly rushed to 6,580 US dollars / ton and then fell back under pressure, around 6546 US dollars / ton shock operation, into the European trading period, the dollar All the way back to high, the strength rose to 93.8, the copper pressure back, back to step $6,500 / ton. As of 17:15, Luneng reported $6508/ton, US oil price was $46.70/barrel, and the US dollar index was 93.843. Today, the copper rushed back down, showing a certain pressure above the $6,500/ton, and finishing at a high level in the evening. In the evening, I paid attention to the number of US initial jobless claims last week and the US monthly industrial output rate in July.

Today, the main contract of Shanghai Copper 1710 opened at 51,370 yuan / ton. After the opening, the copper price surged to 51,670 yuan / ton, and then the center of gravity fell back to a narrow range around 51,320 yuan / ton. In the afternoon, with the profit of some longs Copper prices fell slightly below the daily average line and gained support at the 10th line. The copper price gradually shifted upwards to close at 51,470 yuan/ton, up 1380 yuan/ton, or 2.76%, and the position increased by 7080 hands to 23.5. In the hands of 10,000 hands, the volume of transactions increased by 204,000 hands to 425,000 hands. The holdings of the Shanghai Copper Index increased by 16,266 lots to 713,000 hands, and the volume of transactions increased by 313,000 hands to 652,000 hands. Today, domestic commodities have risen in large areas, non-ferrous metals have risen across the board, Shanghai zinc and Shanghai-lead have been in a strong daily limit, and market bullish sentiment has been ignited. It is expected that Shanghai copper will continue to follow other metals in the short-term.

Today, Shanghai electrolytic copper spot on the current month contract posted a discount of 140 yuan / ton - discount 90 yuan / ton, flat water copper transaction price 51020 yuan / ton -51100 yuan / ton, premium copper transaction price 51040 yuan / ton -51120 yuan / ton . The increase in copper futures in Shanghai was 2.5%, and the price of copper was 51,000 yuan/ton. Holders in the morning market stabilized yesterday's level of quotation, most of the value of the quilt, and the metal trend rose, the transaction is difficult. After 10 o'clock, the market quotation rate starts from the good copper drop and the discount, the good copper discount is 110~100 yuan/ton, the transaction is slightly improved, and the purchase is still mostly long-term deliverers. Pingshui copper fell to a discount of 140~130 yuan/ton. Due to the obvious high fear in the downstream, the quantity of goods received was limited, and the transaction did not improve. The big traders drastically reduced the price of wet copper, which was more than 200 yuan/ton. , a small amount of transactions. The copper market followed the rise of basic metals. The discount will be re-expanded, and the water will be attached to the market or attract speculative traders to enter the market. In the afternoon, the quotation is stable, and the copper discount is over 100 yuan/ton. There is still some attractiveness in the transaction, but the overall transaction is still high and the mood is obvious. The Pingshui copper poster is 130 yuan/ton - the discount is 110 yuan/ton, good copper. Reported water 110 yuan / ton - discount 90 yuan / ton, the transaction price is 50900 yuan / ton -51120 yuan / ton.

Aluminum : Morning Lun aluminum opened at 2092.5 US dollars / ton, the Asian plate period was driven by the surrounding metals and the domestic market, Lun aluminum's center of gravity slowly moved up, the high position touched 2112 US dollars / ton, but the rise was slightly weak, enter the European trading During the period, the US dollar turned strong, and the base metal was under pressure. Lun aluminum blew down to a low of $2073.5/ton, and as of 17:42, Lun aluminum reported 2080.5 US dollars/ton. If the dollar continues to rebound in the evening, it is expected that the aluminum will be under pressure. The next test is $2050/ton.

Shanghai Aluminum opened at 16,505 yuan / ton in the morning. After the opening, the bulls entered the high aluminum price and fluctuated. The top touched 16660 yuan / ton, the low touched 16425 yuan / ton, the daily average support was obvious, closed at 16520 yuan / ton, the volume Increased to 832,690 lots, positions decreased by 11,866 hands to 387,990 hands, Shanghai Aluminum 1711 contract positions increased by 25046 hands to 251,814 hands, the warehouse volume significantly accelerated and moved, and a small number of shorts have tried to enter, short-term Shanghai aluminum maintains a high width Concussion, or will run at 16400 ~ 16600 yuan / ton.

In terms of spot, the aluminum futures rose sharply overnight, and today the highs fluctuated widely and the center of gravity rose. Shanghai transactions concentrated 16200-16240 yuan / ton, the discount for the month 260-190 yuan / ton, Wuxi turnover concentrated 16200-16240 yuan / ton, Hangzhou turnover concentrated 16220-16240 yuan / ton, Hangzhou pre-shipment, although the late offer But few transactions. Smelter shipments have decreased, traders are actively shipping, downstream companies are not willing to purchase high, the aluminum is first suppressed, and the spot discount is expanded from 190 yuan/ton to a maximum of 260 yuan/ton, given the bullish spot and The profit margin caused by the expansion of discounts, the willingness of the middlemen to pick up the goods increased with the increase, the overall transaction is mainly concentrated in the traders, it is difficult to digest the aluminum ingot inventory. In the late afternoon, aluminum fell back and fell in the month, and the transaction price in East China was 16200-16210 yuan/ton.

Lead : During the day, the lead was opened at 2,516 US dollars / ton. After the opening, the lead volatility rose to 2536.5 US dollars / ton. The trading in the long and short hours weakened. The lead was oscillated in the range of 2,528-2534.5 US dollars per ton. The dollar strengthened in the afternoon and the shorts continued. When the warehousing entered, the lead volatility fell back to a low of 2487.5 US dollars / ton, as of 17:16, reported 2,495 US dollars / ton, down 18 US dollars / ton, a decrease of 0.72%. Lun lead recorded a longer upper shadow line and continued to run on the upper track of the Bollinger Band, but the upper impulse power was limited, and the evening or high position was arranged.

In the day, the Shanghai main lead 1710 contract opened 19,580 yuan / ton, long and short interweaving after the opening, Shanghai lead operation 20115-20300 yuan / ton, after the large number of large positions into the warehouse, Shanghai lead quickly broke through the 20500 yuan integer mark, to 20535 Yuan/ton, the long-term bullish profit reduction, after the Shanghai period lead back to 20260 yuan / ton, the bullish power is still strong, and finally closed at 20,365 yuan / ton, up 925 yuan / ton, or 4.76%. Volume increased by 74,320 lots to 140,000 lots, and the volume of positions increased by 7,548 hands to 44,950 lots. The Shanghai period lead recorded a large Yangxian line, refreshing the new high for 8 months, and consolidating at night or continuing to seek breakthroughs.

Shanghai market Jinsha lead 20550 yuan / ton, for the 1710 contract premium 250 yuan / ton offer; Hengbang 20400 yuan / ton, for the 1710 contract premium 100 yuan / ton offer, Qinyuan 20300 yuan / ton, for the 1710 contract flat water offer. During the period, the market was strong, and the quotation of the holders was on the market. The downstream was fearful, the procurement of raw materials was cautious, and the consumer market was sparse.

Guangdong market Shuikoushan lead 20420 yuan / ton, 1709 contract premium 120 yuan / ton offer; southern lead 20400 yuan / ton factory, 1709 contract premium 100 yuan / ton offer, other brands offer less. The holders of the goods are very expensive to ship, the downstream inquiry is not much, the fear is high, and the overall market is basically in a priceless state.

Henan area, Yuguang, Wanyang, and Lushan are only for long-term orders, and single orders are out of stock; Yubei scattered orders are 20,350 yuan/ton, and the average price of SMM1# lead is 200 yuan/ton. Refining mills have a tight supply of bulk orders, and downstream raw materials purchases are on the sidelines, and the overall market is bleak.

Anhui Tongguan lead scattered single goods, quoted 20350-20400 yuan / ton, the average price of SMM1 # lead rose 200-250 yuan / ton, the price of shipping is obvious; Hunan Yuteng loose single out of stock, Silver Star, Zhongde scattered single 20200 yuan / ton, the average price of SMM1 # lead rose 50 yuan / ton offer. The refinery has a small supply of single goods and a very high price, while the downstream has a clear wait-and-see attitude and the market is sparse.

Zinc : Today's Lun Zinc opened at 3,119 yuan / ton. At the beginning of the session, the long and short game was stalemate. The zinc gamma around the moving average showed a turbulent situation, with an up and down volatility of only $20/ton. Subsequently, driven by the domestic Shanghai zinc daily limit, more emotional outbursts, after crossing the moving average, consolidating around 3140 US dollars / ton. Near the European and American time, the US dollar rebounded sharply, dragging the zinc price volume down to the level of $3,100/ton. As of 17:04, the zinc was reported at 3,102 US dollars / ton, down 18 US dollars / ton, down 0.59%. Today's zinc high resistance fell slightly after the resistance, and the night concern about whether the Shanghai zinc upside limit is open, zinc or finishing at around $3,100/ton.

Today, Shanghai Zinc closed its daily limit in the crazy rise of the night market. In the day, it not only kept the daily limit, but also near the end of the day, the Shanghai Zinc far-month contract also closed the daily limit. The main 1710 contract increased the number of positions from 24,288 to 299,000, the volume decreased by 3,878 to 634,000, and the total position of the Shanghai Zinc Index increased by 34,200 to 586,312. Concerned about the opening of the Shanghai daily zinc main limit and the continued upward momentum, the Shanghai zinc futures will jump over 26,000 yuan / ton and go straight to 26,500 yuan.

Shanghai 0# zinc mainstream traded at 26390-26680 yuan / ton, 0 # ordinary brand on Shanghai zinc 1709 months premium 260-liter 550 yuan / ton, 0 # double Yan on September premium 450-550 yuan / ton, domestic ordinary The brand's premium was expanded by 50-290 yuan/ton from yesterday; the mainstream of 1# zinc was around 26,380-26,390 yuan/ton. Overnight, Shanghai Zinc 1709 contract, Shanghai zinc main 17190 contract both daily limit, the center of gravity was raised around 1330 yuan / ton. Today, some smelters responded to shipments more difficult, with fewer transactions; the first trading session, before 10:30, 0# ordinary brands rose to 260 to 300 in September; the second trading session, after 10:30, 0 #普通品牌升# is about 360 yuan/ton in September. Today, ordinary brands have a small amount of transactions in all trading hours, but mainly based on traders’ long-term transactions. In the day, ##双燕 has risen to high in September, but there are The price is infinite. Today's downstream fears are only kept on the sidelines.

Today, Guangdong 0# zinc mainstream traded at 26,150-26,300 yuan / ton, on the Shanghai zinc deposits around 100 yuan / ton. For the main contract of 1709, the premium is around RMB 20-170/ton, and the premium in Guangdong is about RMB 100/ton higher than yesterday. Shanghai zinc daily limit, refinery price shipments, few downstream market inquiry, market transactions stalemate, 0# Kirin, Cishan, Tiefeng mainstream turnover around 26150-26300 yuan / ton

Tianjin market 0# zinc ingot mainstream turnover in 26450-27070 yuan / ton, 0 # ordinary brand mainstream turnover in 26450-26500 yuan / ton, Shanghai stock market premium 100 yuan / ton, Shanghai zinc 1709 contract premium 370 yuan / ton nearby. Tianjin's premium is basically the same as yesterday. Shanghai zinc daily limit, smelter normal shipment, the market 0# Chi Hong is still out of stock. Downstream inquiries into the market, few people get the goods, the market is deadlocked, the overall transaction is not as good as yesterday. 0# red 烨, Zijin and other transactions at 26450-26500 yuan / ton, 1 # Zijin, red 烨, turnover in the vicinity of 26400-26450 yuan / ton.

Tin : Today, Lunxi opened at $20095/ton. During the Asian period, it continued to rise step by step. In the morning, it was running at $20,250. In the afternoon, the highest level of the drum hit the top of the 10-day moving average at $20,355/ton. The minutes of the Fed meeting showed that policymakers seem to be more worried about the recent weakening of inflation. Some officials have called for a rate hike after seeing the trend is obviously temporary. The dollar fell again after the minutes were announced. Looking at the data on the number of US initial jobless claims in the evening. At the top of Lunxi, attention was paid to the resistance of $20,400/ton, which remained volatile before the breakout.

Yesterday's Shanghai trading tin 1709 contract followed the strong varieties of the surrounding area, rising to around 145,000 yuan / ton; today's opening 144,950 yuan / ton, the weaker dollar and the surrounding general metal strong atmosphere continues to drive the Shanghai-Shanghai tin shock up, In the afternoon, it hit a maximum of 146,180 yuan / ton, and finally closed at 145,540 yuan / ton, up 1750 yuan / ton from the previous day's settlement price, an increase of 1.22%. The turnover of 20,348 lots increased by 7216 lots, and the positions of 17130 lots were reduced by 2,096 lots. The gains were mainly supported by short positions, and the bulls did not show any signs of Masukura. The above-mentioned average moving pressure on the Shanghai-Shenzhen tin still exists, and the short-term is expected to remain volatile, with a resistance of 146,000 yuan/ton. .

The Shanghai-Shenzhen market was driven by the rise in internal and external tin prices. Today, the spot price of Shanghai-Silver follows. In the morning, the price of Huxi market was 144000-145800 yuan/ton, and the trading atmosphere was dull. Yunxi 145500-145800 yuan / ton, set of goods on the plate surface premium 300-500 yuan / ton; ordinary cloud word is basically 144500-145000 yuan / ton, small card circulation is less than 144,000 yuan / ton, less downstream into the market . In the afternoon, the disk continued to increase slightly to the mainstream 144,500-146,000 yuan / ton, but the afternoon turnover is gradually less, 144,000 yuan / ton supply is difficult.

Nickel : Today, the nickel plate opened at 10730 US dollars / ton, the first nickel oscillated within a narrow range, the low to 10,725 US dollars / ton, after the US dollar index fell, the original YOU price rose, the nickel quickly rose, but the upward momentum Insufficient, then down, basically regained the morning gains, and then fluctuated within a narrow range. Near midday, Lun Nickel rose again, touched the high to 10,870 US dollars / ton in the afternoon and quickly retreated, and then oscillated, Europe and the United States, the nickel continuation continued As of 17:00, reported at 10,780 US dollars / ton, closed on the long shadow line of the upper shadow line, the daily technical indicators KDJ open up, MACD green column becomes shorter, it is expected that the evening nickel or strong shock, night attention The number of unemployed people in the United States last week and the industrial output in July.

Today, Shanghai's main nickel 1801 opened at 87,950 yuan / ton in early trading. In the morning, Shanghai nickel operated in a narrow range above the daily average, and the low level reached 87,510 yuan / ton. In the afternoon, under the strong push of buyers, Shanghai nickel touched 88,450 yuan / ton. After the lack of strength, after maintaining a narrow range, closed at 87,940 yuan / ton, the whole day, Shanghai nickel 1801 closed in the upper line of the long line of the Zhongyang line, compared with the previous day settlement price rose 2,830 yuan / ton, an increase of 3.33%, Volume increased by 281,000 hands to 748,000 hands, holdings increased by 21,800 lots to 484,000 hands, today's capital inflows reached 248 million, Shanghai nickel physical range up to 10 days, 5 day moving averages, KDJ opening up, MACD opening adhesion It is expected that Shanghai nickel or high shocks in the evening.

Shanghai stock, SMM 1# electrolytic nickel 86100-86850 yuan / ton. The price of nickel rose sharply overnight, and Jinchuan’s underwater adjustment was obvious. It was reported at 500-700 yuan/ton in the morning, while the Russian nickel reported a discount of 100 yuan/ton to flat water. The price difference between Jinchuan and Russian nickel narrowed to 650 yuan/ton, and traders inquired Jinchuan to become active. The ex-factory price of Jinchuan Company was raised to 86,800 yuan/ton today, and the increase was 2,300 yuan/ton. As the price of nickel rose too fast, the downstream appeared to be fearful and high, and the purchase hesitated. The mainstream transaction range in the morning was 86,100~86,800 yuan/ton. In the afternoon, the disk continued to fluctuate. The Jinchuan and Russian nickel discounts remained unchanged. The market traded in a small amount. The downstream purchases were mostly completed in the morning. The mainstream trading range of nickel plates in the afternoon was 86200~87000 yuan/ton.

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