April 13th SMM basic metal spot trading day review

SMM April 13th:

Copper: Today's Lun copper opened at $6,805/ton. The initial trading was fragmented. Afterwards, the bulls entered the market and pulled up the copper price. They crossed the daily average to the $6835/ton volatility, and the center of gravity slowly moved up. After entering Europe, the amplitude gradually decreased, and then fell slightly. After detecting 6818 US dollars/ton, it rebounded again to 6860 US dollars/ton. As of 19:25, it was reported at 6863.5 US dollars / ton, up 42.5 US dollars / ton. The US dollar index was at 89.833, and the US crude oil was at $65.36 per barrel. Today, the copper rally continued, and the overall operation was above the daily average line. Based on the 20th and 20th moving averages, the 5-day moving average was touched. It is expected to test the support capacity of $6,820/ton in the evening. In the evening, pay attention to the initial value of the US consumer confidence index of the University of Michigan in April, paying attention to the trend of the US dollar.

Today's Shanghai copper main force 1806 contract opened at 50,320 yuan / ton. At the beginning of the session, the bulls entered the market and pulled up the copper price upwards away from the daily average. The price was 50,620 yuan/ton. After the rise of the lack of power, a small decline, finishing at 50,530 yuan / ton line, the center of gravity slowly moved up. After the afternoon high of 50,680 yuan / ton, it was blocked and fluctuated and operated in the interval of 50,550 yuan / ton to 50,590 yuan / ton. The market fell slightly in the end, closing at 50,520 yuan / ton, down 340 yuan / ton. Volume decreased by 35,204 lots to 226,000 hands, and warehouses increased by 4,694 lots to 241,000 hands. Today, Shanghai's strong nickel led the non-ferrous sector, and the Shanghai copper main force 1806 contract was running above the daily average line, showing a volatility upward trend. From a technical perspective, the pressure on the 5th and 10th moving averages is obvious. KDJ tends to expand. It is expected that the Shanghai copper main force 1806 contract will run in the evening, climbing up to 50,700 yuan / ton, focusing on the trend of the outer disk.

Today's Shanghai electrolytic copper spot on the current month contract reported 30 yuan / ton - liters of water 80 yuan / ton, flat water copper transaction price 50,540 yuan / ton -50,640 yuan / ton, premium copper transaction price of 50,560 yuan / ton -50,660 yuan / ton. Shanghai copper opened lower and higher, still in the 50500 yuan / ton first-line shock, the morning market offer 50 ~ 80 yuan / ton, following yesterday's downstream bargain receipts, today's downstream buying slightly hesitant, the transaction is sluggish, the price is quickly lowered , Pingshui copper offer 30~40 yuan / ton, good copper fell to 60 yuan / ton in the first line, the transaction only showed improvement. Although it is a weekend, the downstream stocking is just as good as yesterday. After 11 o'clock, the disk surface pulled up slightly, and the price difference between the upside down was increased to 150 yuan/ton. The delivery was close to the market, and the traders once again lifted the water. The price rose to 50-80 yuan/ton, but the price rose to 50-80 yuan/ton. The transaction response was not positive, waiting for the afternoon performance, traders still expect a certain spread space in April and before delivery. In the afternoon, with the expansion of the monthly spread, the holders adjusted the premium accordingly, and the market atmosphere has already appeared on the weekend. The quotation is quite good, but the response has been weak, and the number of waiters has increased. In the afternoon, the spot transaction price of Shanghai electrolytic copper was 50,620 yuan / ton -50,720 yuan / ton, Pingshui copper reported 50 yuan / ton - liter of water 60 yuan / ton, premium copper quotation rose 70 yuan / ton - liter of water 90 yuan / ton.

Aluminum: The morning aluminum opened at 2289.5 US dollars / ton. During the Asian trading session, the aluminum shock was weak, hanging at the daily average. The inertia of the European trading session shifted slightly, and the low touched 2,271 US dollars / ton. The general growth of the metal, the strong characteristics of Lun aluminum re-emerged, the rapid rise and touch height of 2340 US dollars / ton, as of 17:25 Lun aluminum reported 2339 US dollars / ton, although the Russian aluminum incident is still fermenting, but the historical low Shanghai-London ratio stimulates China The output of aluminum has increased, and the high probability can fill the aluminum export reduction caused by the US “double-reverse”. The participation of anti-set funds is gradually increasing. If there are no other macro risks or unexpected events, it is expected that the rise of Lun aluminum will converge next week. The range is 2240~2365 USD/ton.

Shanghai Aluminum's main contract opened at 14,505 yuan / ton in the morning, and continued its overnight gain at the beginning of the session. Under the continuous participation of anti-set funds, the high aluminum price touched 14,630 yuan / ton, and then it was relatively stable, with a narrow range around 14565 yuan / ton. Closed at 14,580 yuan / ton, Shanghai aluminum index positions increased by 19,320 hands to 8,350,28 hands, long position Masukura took the initiative, short-term in the anti-set of funds to do the ratio on the background, Shanghai aluminum is expected to perform strongly, continue to pay attention to overseas Market dynamics and changes in domestic stocks are expected to run at intervals of 14150~14750 yuan/ton next week.

In terms of spot, Shanghai's transaction concentration is 14440~14450 yuan/ton, and the discount for the month is 70~60 yuan/ton, and the monthly discount is 40~30 yuan/ton. The turnover of Wuxi was 14440~14450 yuan/ton, and the transaction volume in Hangzhou was 14440~14450 yuan/ton. Spot prices skyrocketed, and the shipments of the holders were very positive. The middlemen and downstream companies were waiting to see the sentiment, and the overall transaction was deserted. In the late afternoon, aluminum fluctuated within a narrow range, and East China traded 14440~14460 yuan/ton.

Lead: In the day, Lun lead opened at 2338.50 US dollars / ton. During the Asian period, the market was light, basically narrow fluctuations around the daily average, and the amplitude fluctuation did not exceed 10 US dollars / ton. To 2364.50 US dollars / ton, after being pressured on the upper 5th line, it fell slightly. At 16:55, the lead was closed at 2,360.50 US dollars / ton, up 23.50 US dollars / ton, an increase of 1.01%. Above the lead, the pressure is on the average, and it is necessary to pay attention to whether the zinc can stop falling and pumping in the evening, and drive the lead to cover the previous decline.

In the day, the Shanghai main lead 1805 contract opened at 18,375 yuan / ton, the morning market has more mood to recover, Shanghai lead is in a pattern of shocks and rebounds, the center of gravity gradually moved up, basically running above the daily average line, and finally closed at 18,365 yuan / Tonne, down 150 yuan / ton, down 0.81%, trading volume decreased by 3746 hands to 53,978 hands, positions decreased by 1874 hands to 39,844 hands. Shanghai lead newspaper closed the long shadow line, below the 18200 ~ 18300 yuan range within the range of more positive, but the top is still under pressure across the average, it is expected that night Shanghai lead or shock rebound. ,

Shanghai market Jinsha lead 18465 yuan / ton, quoted 1805 contract premium 180 yuan / ton; Hengbang 18415 yuan / ton, 1805 contract premium 130 yuan / ton offer; Meng from 18405-18435 yuan / ton, 1805 contract premium 120 -150 yuan / ton offer; Changxing market Jiangxi copper 18360 yuan / ton, on the 1805 contract premium 75 yuan / ton offer. During the period, the market was low-level consolidation, and the enthusiasm of the holders for shipment was acceptable. At the same time, on Friday, the downstream inquiry increased, and the stocks were rushed to purchase on demand, and the trading activity in the loose-selling market improved.

In the Guangdong market, the lead in the south is 18,335 yuan/ton, and the price for the 1805 contract is 50 yuan/ton; the lead in Nanhua is 18,375 yuan/ton, and the average price of the SMM1# lead is flat. The lead price fell successively, and the holders rushed to quote, some of the downstream just needed to purchase, and the market for the single-sheet market improved slightly. Henan province, lead in the north of 18,375 yuan / ton, the average price of SMM1 # lead flat water; Jinli, Wanyang main long list, the bulk of the single offer is not quoted; another Wanyang loose single 18465 yuan / ton (traders supply), right 1805 contract premium 180 yuan / ton offer. The refinery's low-priced reluctance to sell is relatively strong, and the enthusiasm for shipment is general. At the same time, the downstream maintains the need for procurement, and the market for the single-sale market has not improved significantly. In the Anhui area, the copper crown waits and sees the market, the bulk single is not quoted; the Jinde main supply for long-term orders in Jiangxi, the bulk single is not quoted; the Yuteng 18375 yuan/ton in Hunan, the average price of SMM1# lead is flat. The lead price weakened, the refinery's low price was reluctant to sell, and the downstream battery market did not change in the off-season. On the other hand, on Friday, the stocks were replenished on demand, and the overall market transactions were general.

Zinc: Zenelon zinc opened at 3104.5 US dollars / ton, the first zinc plate back to the $ 3,100 / ton integer to 3,105 US dollars / ton near the short-term finishing, then slightly raised the center of gravity to 3120 US dollars / ton near the basic line operation , up and down the range of 10 US dollars / ton, into the European trading hours, Lun Zinc went up to a level of 3130 US dollars / ton near the strong operation, as of 17:00, Lun Zinc closed up 3138 US dollars / ton, up 46.5 US dollars / ton , an increase of 1.5%. Zinelen Zinc was in a state of consolidation, and the short selling power took a short break. After the deep drop of zinc, it entered the stage of repairing and finishing. At present, there is still upward momentum. The night zinc is expected to continue to be repaired, but the upper part faces the upper rail of the Brin Road, which is 3,150 USD/ton. Location or test.

In the day, Shanghai 1 zinc contract 1806 contract opened at 23,510 yuan / ton, with the initial short-term lightening, the Shanghai zinc center of gravity slightly rose to 24,670 yuan / ton in the vicinity of the sideways consolidation, long and short alternately lighten the saw and stalemate. The final report fell 23,655 yuan / ton, down 90 yuan / ton, a decrease of 0.38%, the transaction volume decreased by 70,254 hands to 122,000 hands, the position decreased by 6,902 hands to 111,000 hands. In the day, Shanghai zinc reddish and sorted out. After deep puncture and psychological position, there is no obvious direction for the follow-up operation between long and short. In the evening, it will continue to consolidate. The psychological support below 23,500 yuan/ton can be expected.

Shanghai 0# zinc mainstream traded at 23770-23870 yuan / ton, 0 # ordinary brand on Shanghai zinc 1805 contract mainstream premium 140-150 yuan / ton, a small amount of reported water 130 yuan / ton transaction is quite good; 0 #双燕对5 The monthly premium is 150-160 yuan / ton. 1# mainstream transaction at 23720-23820 yuan / ton. The Shanghai Zinc 1805 contract was put upside after the initial pull-up, and closed at 23,680 yuan/ton in early trading. The refinery is still reluctant to sell; the zinc price in the morning market is not volatile, and the traders are more active in single-stock trading. Due to tight supply, the market price has not changed much, and the monthly difference between Shanghai and Shanghai 04 and 05 contracts is large. The market quotation was at the premium level in the month, while the downstream fell sharply yesterday to purchase and stock up. The intraday trading was weakened, the market transactions were general, and the delivery volume was lower than yesterday.

Today, Guangdong 0# zinc mainstream traded at 23,750-23,800 yuan / ton, Guangdong City, near the Shanghai market, 50-40 yuan / ton. On the Shanghai zinc 1805 contract premium 80-100 yuan / point near, the premium is 50 yuan / ton near yesterday. After the opening of the Shanghai Zinc 1805 contract, the center of gravity rose slightly and stabilized at around 23,680 yuan / ton. Today's refineries are more reluctant to sell, and traders have already shipped mainly. The decline in zinc prices was not limited. The market wait-and-see attitude dominated, and the willingness to get goods was not as good as yesterday. The overall market turnover was less than yesterday. 0# Kirin, Cishan, Tiefeng, Danxia mainstream transactions in the vicinity of 23750-23800 yuan / ton.

Tianjin market 0# zinc ingot mainstream turnover at 23830-24970 yuan / ton, 0 # ordinary brand mainstream turnover at 23830-23970 yuan / ton, Shanghai zinc 1805 contract premium 150-200 yuan / ton, the premium is 50 yuan more than yesterday / ton, compared with the Shanghai stock market premium of 50 yuan / ton, the price difference is basically the same as yesterday. After the opening of the Shanghai Shanghai Zinc 1805 contract, the center of gravity rose slightly, consolidating around 23,680 yuan / ton. This refinery is more reluctant to sell, and some traders are not willing to sell if they are not willing to ship. The zinc price fell again and again, driving the downstream downswing, the willingness to get the goods was not as good as yesterday, and the market turnover was not as good as yesterday. 0# Zijin, Hung Hom, Bai Ling, Qin Zinc, Chi Hong and other transactions in the vicinity of 23830-23970 yuan / ton, 1 # Zijin, Chi Hong, Hung Hom, Canada, West Mine and other transactions 23770-23920 yuan / ton.

Tin: Today, Lunxi opened at $20,940/ton, and it was up to 21,120 US dollars/ton in Asia and Europe and the United States. Recently, under the double tension of the situation in Syria and the cooling of Sino-US trade friction, oil prices have risen sharply. Today, the basic metal of the outer disk is red, and the resistance above Lunxi is 21,300 US dollars / ton. The night plate is expected to continue its upward trend.

Last night, the Shanghai 1271 contract was rounded around 142,900 yuan / ton. It opened at 142,940 yuan / ton today. The morning trend rebounded slightly, hitting a high of 143,690 yuan / ton, but failed to continue the uptrend in the afternoon, slightly falling back, and finally closed at 143,130 yuan. / ton, compared with the previous day settlement price fell 210 yuan / ton, a decrease of 0.15%. The turnover of 13,594 lots was reduced by 782 lots, and the position of 15682 lots was reduced by 1234 hands. Today, the Shanghai stock market is mixed. Shanghai-based tin intends to rebound but the pressure on the top is still relatively large. Focus on the external market's guidance on Shanghai-Shanghai tin, and test whether it can continue the rebound.

Today, the mainstream transaction in the Shanghai-Silver market is 142,500-144,500 yuan / ton, and the supply of 142,500 yuan / ton is rapidly consumed as the futures price rises. The current mainstream is 143,000-144,500 yuan / ton. Yunxi 144000-144500 yuan / ton, ordinary cloud word 143,500 yuan / ton, small card 143000-143300 yuan / ton. The atmosphere of the transaction was general. Due to the reluctance of the smelter and the rebound of the Shanghai-Shenzhen tin, the merchandisers’ reluctance to sell increased and the market circulation was less.

Nickel: The nickel plate was opened at $13,770/ton. After a narrow shock, the nickel jumped to $14,000/ton and then revolved around $13,950/ton. At noon, the high nickel level fluctuated within a narrow range. In the afternoon, the small nickel touched up to 14035 yuan / ton and the kinetic energy was insufficient, and it fell back to the daily average. During the European time, Lun Nickel once again explored and stabilized the first line of 14,000 US dollars / ton, the center of gravity continued to rise, ending at 18:10, Lun Nickel reported at 14070 US dollars / ton, closed at the Zhongyang line. The daily technical indicator KDJ is diverging upwards, the MACD red column is elongated, and the night or continuation is strong. In the evening, pay attention to the initial value of the University of Michigan consumer confidence index in April.

Today, Shanghai Nickel 1807 opened at 101,770 yuan / ton, the market sentiment eased, Shanghai Nickel led the rise in basic metals, the long position in the morning after the opening of the large increase in positions, Shanghai nickel jumped to 104,220 yuan / ton, then slightly fell back to 103,900 yuan / ton narrow Layout. In the afternoon, the bulls continued to attack, and the Shanghai nickel touched up to 104,390 yuan / ton, and then profited more than a single departure, Shanghai nickel fell back to 103,800 yuan / ton near consolidation, closing at 103,760 yuan / ton. All day, the Shanghai nickel main contract 1807 closed at the Zhongyin line, which was 1970 yuan/ton higher than the settlement price of the previous trading day, an increase of 1.94%. Volume decreased by 61,000 hands to 1.708 million hands, and positions increased by 22,000 hands to 362,000 hands. The daily technical indicator KDJ opened up and diverged. The MACD red column was stretched. The intraday capital inflow was 228 million. The lower averages were at the bottom, and Shanghai nickel continued to be strong in the evening.

SMM 1# electrolytic nickel 103200~103800 yuan / ton. Russian nickel is 400 yuan/ton higher than Wuxi 1805 contract, and Jinchuan nickel is 800 yuan/ton. Today, Jinchuan Electrolytic Nickel (large board) Shanghai offers 103,500 yuan/ton. The market supply is sufficient, the traders are quoting positively, and the nickel price is rising in the morning. The downstream alloys and other enterprises are eager to wait and see, and the market transactions are poor. The mainstream trading interval in the morning was 103,200~103,700 yuan/ton. In the afternoon, the nickel price was high and the market was running side by side. Some traders offered positive prices, but the downstream enterprises only sold a small amount. The mainstream transaction was 103,200~103,700 yuan/ton.