SMM May 18th:
Copper: Today, the copper opened at 5,599 US dollars / ton, slowly descended to 5,565 US dollars / ton, and the volume of copper in the Asian plate closed down to 5508.5 US dollars / ton. After the short-term low, the intraday return to the test day The moving average of $5,550/ton failed, and it is still under pressure. Trump’s “leakage†incident has intensified. Members of Congress have called for the impeachment of Trump, and the risk aversion has continued to ferment, resulting in both the intraday market and the stock market running weakly. The escalation of US political risks is further dragging down commodity markets. The LME inventory report continues to increase today, but with an increase of only 750 tons. In the evening, the United States will announce the number of initial jobless claims this week and the US Federal Reserve Bank Manufacturing Index in May. The US dollar continued to be under pressure around 97.5, but the trend of copper in the European market accelerated after the European and American periods. As of 18:00, the copper has fallen below At 5,500 US dollars / ton, recorded a low of 5,492 US dollars, a big yin stick retreated all the gains since 7 consecutive years, and the copper will be returned to the lower track of the Bollinger track.
After the opening of the market today, commodity futures all dipped. Shanghai copper main force 1707 contract opened at 45,360 yuan / ton, then quickly dive to 45,150 yuan / ton line, with the short position into the market, Shanghai copper main force repeatedly back to the next 10 day moving average of 45,000 yuan / ton. In the afternoon, industrial products gradually recovered their losses, and the colored plates maintained a weak operation. The main force of Shanghai copper was around 45,000 yuan/ton, and the up and down volatility was around 60 yuan/ton. Closing at 44,960 yuan / ton, down 450 yuan / ton. The volume of the main contract increased by 25,000 lots to 252,000 lots, and the volume of positions increased by 13,000 hands to 225,000 hands. Shanghai copper index positions increased by 17,000 hands to 600,000 hands, and the short-selling willingness to enter the market is strong. In view of the fact that the main force of Shanghai copper has fallen below the average, and the selling situation of commodity assets has not changed, the night plate may be further down. Bottom support.
Today, Shanghai electrolytic copper spot on the current month contract posted a discount of 60 yuan / ton - discount 10 yuan / ton, flat water copper transaction price of 44,900 yuan / ton -45080 yuan / ton, premium copper transaction price of 44,920 yuan / ton -45,100 yuan / ton . Shanghai copper fell back to around 45,000 yuan / ton, the willingness of holders to reduce prices, copper discounts gradually expanded, and the disk fell, the middlemen wait and see, because the discount is not at the psychological price, downstream demand-based, the market The initial supply exceeds demand pattern. In the later period, it is widely expected that with the new batch of imported copper entering the domestic market, the current copper discount will be difficult to maintain and the stalemate pattern will be broken. In the afternoon, the copper center of gravity shifted downwards. The transaction price of flat copper was 44880-45000 yuan/ton, and the transaction price of premium copper was 44900-45020 yuan/ton. Some traders have already entered the market with new imported copper, and the stocks of the holders have increased their sentiment. The spot discount has continued to expand by 10-20 yuan/ton in the early session, and the downstream part of the market received 45,000 yuan/ton. The transaction activity is slightly higher. improve.
Aluminum: Morning Lun aluminum opened at 1924.5 US dollars / ton, during the Asian session, Lun aluminum all the way down, during the afternoon period, fell to the first line of 1914 US dollars, after a short period of time, directly fell below the 5/20/60 day moving average support until entering the European trading During the period, Lun Aluminum's inertia continued to vent, the low touched $1,902/ton, and then gradually repaired the decline. As of 17:30, Lun aluminum reported $1,905/ton, down $23/ton, down 1.19%. In the evening, the data was light. After the 40-day moving average pressure, Lun Aluminum moved its focus to the $1915 line. It is expected that Lun aluminum will run between the 20/10-day moving average and test the support of the $1900 integer mark in the evening.
Shanghai aluminum opened at 14040 yuan / ton in the morning, the initial short-selling pressure, Shanghai aluminum stepped down, afternoon Shanghai aluminum from 13905 yuan / ton turnover slowly moved up, back to 13965 yuan / ton, the end of the disciplinary admission The multi-head separation field wait and see, Shanghai Aluminum passively closed down again at 13,930 yuan / ton, the volume decreased to 162,400 hands, the position increased by 1,662 hands to 266,386 hands, the center of gravity has moved down. In the evening, Shanghai Aluminum is expected to fluctuate within a narrow range around the 10-day moving average, focusing on the support of 13,900 yuan / ton.
In terms of spot, aluminum futures fell to around 13,890 yuan/ton in the afternoon before the month. Shanghai transactions concentrated 13780-13790 yuan / ton, the monthly discount of 110-100 yuan / ton, Wuxi turnover concentrated 13780-13790 yuan / ton, Hangzhou turnover concentrated 13780-13800 yuan / ton. The holders of the goods were stable in shipment, and the traders mainly received the goods downstream. The spot price fell below 13,800 yuan/ton. The purchase intention of the downstream enterprises entering the market on Monday was improved, and the overall transaction was warmer than yesterday. In the late afternoon, aluminum hit a low rebound in the month, and the transaction volume in East China was 13770-13790 yuan/ton.
Lead: Today's Lun lead opened at $2,113/ton in early trading. After a short period of opening, it started to fall. In the morning, it was under pressure of $2090. In the afternoon, the daily average line was depressed, the center of gravity dropped significantly, and the operating range fell again at 2075-2088. In the US dollar/ton range, it entered the European time period, and it accelerated the decline. It hit a low line and broke the position of 2050 US dollars. The low price was 2047.5 US dollars, which is close to the new low position in the year. According to the Lun lead weekly chart, the target below is 2020 USD/ton. The lead drop is difficult to stop, and the weak is difficult to change.
Today's Shanghai lead 1707 contract opened 15798 yuan in the morning market, the market fell down more than the opening, the first trading session down 15535 yuan, sharply away from the daily average, entering the second trading session, the low position to attract some long into the market, short The trend of profit-taking and lightening the market fell back to around 15,640 yuan. In the afternoon, the shorts were put into the market again, until the end of the day was suppressed at the lowest of 15,495 yuan in the day, once again refreshed the new low this year, closing at 15,535 yuan, down 245 yuan, down 1.55%. Positions increased by 4,670 lots to 35,958 lots, and the volume increased by 6094 lots to 31,710 lots. The bottom of the Shanghai lead-operated platform sinks again. The market is hard to pick up the news. Under the bearish worries, the Shanghai lead will slip to the next one. Run the platform for 15200 yuan.
Shanghai market Jinsha lead 15650 yuan / ton, for the 1707 contract flat water offer, Hengbang lead reported 15,600 yuan / ton, no transaction; silver reported 15,550 yuan / ton. During the downtrend, the holders were quoting positively, the downstream demand was weak, and the market turnover was light.
In the Guangdong market, the lead in the south is 15,700 yuan/ton, and the Shuikoushan is 15,700 yuan/ton. There is a small amount of transactions; the old small factory has a lead of 15,650 yuan/ton, and there is no transaction. Holders are reluctant to sell at a low price, while the downstream is watching and the market is light. Henan Province, the northern Henan lead reported 15,650 yuan / ton, the SMM average price of flat water offer, loose single-price reluctance to sell sentiment does not change; Wanyang lead reported 15500-15550 yuan / ton. The refinery's willingness to ship is not strong, and the low-price reluctance to sell is obvious. At the same time, the downstream consumption is weak, and the overall market supply and demand are weak. Anhui Tongguan lead 15700 yuan / ton; Hunan silver star lead price 15550 yuan / ton, SMM average price discount 100 yuan / ton, local small factory heard about SMM average price discount 150 yuan / ton. Although the supply in Hunan and Yunnan markets has decreased, the downstream demand still needs to be improved, and the overall trading volume is light.
Zinc: Today's zinc is opened at 2,559 US dollars / ton. After the opening of the zinc, the daily average is down, and after running to 2,540 US dollars / nearby, it will be rounded around 2,550 US dollars / ton. In the afternoon, the center of gravity of Zinc Zinc quickly moved down and smashed at $2,535/near. During the European time, the center of gravity continued to sink and accelerated. As of 18:00, Lun Zinc recorded a low of $2501/ton, down $65/ton, or 2.5%. Zinelon's zinc operation is weak, and it has broken the recently operating platform. It is the new low since November 2016. All the above averages are under pressure, and the 5-day moving average continues to be depressed. It is expected that Lun Zinc will test the $2,500 mark in the evening.
Today, Shanghai's main zinc 1707 contract opened at 21,500 yuan / ton, the initial short-selling into the market, dragging down the volume, running to an intraday low of 21,300 yuan / ton after the suspension of the decline. Subsequently, Shanghai's zinc lows into the air level, boosting the zinc price shocks and strengthening, around the 21390 yuan / ton near the finishing operation. In the afternoon, Shanghai Zinc tried to repair some of the declines, but the pressure on the top was obvious. It fell rapidly along the moving average and revolved around 21,370 yuan/ton. The late trading continued to be weak, ending at 21,520 yuan/ton, down 130 yuan. / ton, a decrease of 0.61%. In terms of volume, the volume of transactions decreased by 36.44 million to 562,000 contracts, and the volume of positions decreased by 9694 hands to 33.2 contracts. During the day, Shanghai Zinc was under pressure to run below the moving average, recording a negative line, and the above multiple moving averages were all under pressure. Lun Zinc broke down in Europe and it is expected that Shanghai Zinc will suffer and fall in the evening. However, the pattern of weak external strength is difficult to break, and it is concerned about the change in the ratio of Shanghai and Shanghai.
Today, Shanghai 0# zinc mainstream traded at 22080-22220 yuan / ton, Shanghai zinc 1706 contract premium 350 ~ 450 yuan / ton, the premium increased by 20 yuan / ton compared with yesterday. 1# Zinc mainstream traded around 22030-22080 yuan / ton. Some refineries are still reluctant to sell. Although some Brazilian zinc brands have entered Shanghai today, there are not many domestic brands, and the market circulation is still tight. Traders are more active during the day; due to weaker zinc prices, downstream dips are purchased. The goods are OK.
Today, Guangdong #0 zinc mainstream turnover in 22000-22030 yuan / ton, 1706 contract premium 290-320 yuan / ton, the main force 1707 contract premium 680 yuan / ton. Compared with yesterday's basically flat, the city's discount to Shanghai stock market is about 50 yuan / ton, (except for the Shuangyan brand), some warehouse receipts flow into the market, about 280 yuan / ton in June. The refinery shipped normally, with long-term delivery as the mainstay, zinc prices down, downstream dips, and positive inquiries into the market. The holders were active in trading and the market as a whole was better than yesterday. 0# Danxia, ​​Tiefeng, Kirin mainstream transactions in 22000-22030 yuan / ton.
Today, Tianjin market 0# zinc ingot mainstream turnover in 21970-23140 yuan / ton, 0 # ordinary brand mainstream turnover in 21970-22020 yuan / ton, 1706 contract premium 300 yuan / ton, premium than the Shanghai market discount 50 yuan / ton nearby. The price of zinc fell, the refinery shipped normally, and the downstream large-scale enterprises entered the market with positive inquiry, and the willingness to get the goods was good. The overall market turnover was better than yesterday. Some unqualified small and medium-sized enterprises still have no signs of starting work, and the delivery volume is limited. 0# Zijin, Hung Hom, Chi Hong sold at 21970-22020 yuan / ton, 1 #紫金, 红烨, Chi Hong sold at 21920-21970 yuan / ton.
Tin: Today, Lunxi opened at 20,205 US dollars / ton, and continued its upward trend in Asia. The highest price reached 20,400 US dollars / ton. It continued to rise strongly during the European period. As of 17:30, it has climbed 20,440 US dollars / ton. Lunxi has formed a breakthrough. And has been away from the moving average. The dollar's lower support Lenxi's gains, and LME tin stocks continued to fall near 2,000 tons, LME spot to March's premium has reached 139 US dollars / ton, triggering market concerns about the tin market supply, Lenxi may continue to be stronger. The target is directly higher than the previous high of 20,585 US dollars / ton.
Yesterday's night trading of Shanghai Tin 1709 contract was mainly at around 142,800 yuan / ton, and did not extend the daytime gains, but in the near closing period, the bulls suddenly increased their positions, and pulled up to 144,320 yuan / ton. After that, it maintained a high level of shock and closed at 144,080 yuan / ton. Today, the opening price of 143,700 yuan / ton, early trading part of the long-term profit reduction, the trend fluctuated and fell, the lowest hit 143,000 yuan / ton, after a short period of consolidation, the bulls re-emerged, pushing up the Shanghai tin tin continued to close, finally closing 143,960 yuan / Tonne, the settlement price of the previous day rose by 1890 yuan / ton, an increase of 1.33%. The turnover of 19,490 lots was reduced by 972 lots, and the position of 16150 lots increased by 802 lots. Shanghai-Chengxi has a strong rise, standing on the 40-day moving average, directly touching the 60-day moving average, and paying attention to whether it can break through the 60-day moving average at night. If it breaks through, it can tend to see more. If it fails to break, it still faces high shorts. Throwing pressure.
The Shanghai-Shenzhen market was boosted by the strong rise of the Shanghai-based tin plate. Today, the spot price of Shanghai-Silver has risen to the mainstream of 139,500-14,1500 yuan/ton, and the current price difference has maintained a large discount pattern. The price suddenly rose sharply, the downstream watched mostly, the market transactions were weak, some small cards fell to 139000-139300 yuan / ton, Yunxi 141,500 yuan / ton transaction difficulties, 141,000 yuan / ton some transactions; ordinary cloud word 140,500 yuan / ton.
Nickel: Today's nickel plate opened at 9120 US dollars / ton, the first nickel of the plate continued last night's decline, stabilized at a low level of 9040 US dollars / ton, the morning period showed a "V" trend, in the afternoon, the dollar index gradually moved away from the top day On the moving average, Lun Nickel once again fluctuated downwards, fluctuating widely in the range of 9040-9090 USD, around 18:00, and the next layer of Lun Nickel, down 9015 US dollars / ton. On the technical side, the nickel-line multiple moving averages are topped, and the daily technical indicator KDJ is opening downwards. In the evening, the United States will announce the number of initial jobless claims this week and the US Federal Reserve Bank of Philadelphia manufacturing index in May. The market is not optimistic, and it is expected to be nickel in the evening. Or it will test the support of the $9000 integer.
Today, Shanghai's main nickel 1709 opened at 75,700 yuan / ton in early trading. At the beginning of the session, the short position was profitable, and Shanghai nickel rose to 75,840 yuan / ton. After the long position was suppressed, Shanghai nickel was lower, followed by a narrow range, and the low range was 75140. After the yuan/ton, some of the lost ground was recovered. In the afternoon, Shanghai nickel maintained a narrow range of fluctuations. The center of gravity was slightly higher than that in the morning and closed at 75,510 yuan/ton. Throughout the day, Shanghai Nickel closed at the lower Yinxian line of the lower shadow line, which was 1190 yuan/ton lower than the previous day's settlement price, a decrease of 1.55%. The trading volume decreased by 45,400 lots to 377,000 hands, and the position increased by 6894 hands to 56.9. Thousand hands. The US dollar index rebounded at a low level in the white, and the Shanghai nickel lead has broken the operating platform of the new low in recent years. The nickel has once again landslide, and the Shanghai nickel future is unlikely to stop falling.
Shanghai stock, SMM 1# electrolytic nickel 73850-76400 yuan / ton. In the overnight period, nickel fell sharply after the morning plunge. In the morning, Jinchuan Nickel was about 1800-1900 yuan/ton higher than Wuxi's main contract of 1706. Jinchuan Company lowered the ex-factory price to 76,400 yuan/ton, and a small amount of goods were taken downstream. Russian nickel is less than 500-450 yuan/ton for Wuxi 1706 contract. The traders are actively shipping, and the downstream low-priced enthusiasm is getting better. The transaction is more active. The mainstream transaction interval in the morning was 73800~76250 yuan/ton. In the afternoon, the disk was narrowly consolidated, Jinchuan nickel rose 1800 yuan / ton, Russia nickel discounted 500 yuan / ton, the transaction weakened compared with the morning, the mainstream transaction interval 73900 ~ 76300 yuan / ton.
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