September 25th SMM basic metal spot trading day review

SMM September 25th news:

Copper : Today, the copper opened at 6485.5 US dollars / ton, after the opening, the copper rushed to a high of 6510.5 US dollars / ton, the top of the 6500 US dollars suffered a callback, the copper fell back to 6478 US dollars / ton to stabilize, the dollar rebounded in the afternoon to bear the pressure Luneng copper accelerated and sinked into Europe and the United States. Copper was found to be low at $6,455 and stabilized at $6,462/ton. As of 18:00, Luneng reported $6,463/ton, down $14.5/ton, and US oil price was $50.63/ The barrel, the US dollar index was 92.447. Today, the copper rushed back, but the overall price stabilized. The resistance at the upper level of $6,500/ton was greater. In the short term, the copper or low position stabilized and consolidated. The data in the evening is light, focusing on the guidance of the dollar against the metal.

Today, Shanghai copper main 1711 contract opened at 50330 yuan / ton, copper price briefly rose to 50,510 yuan / ton after the opening, then the long profit profit, copper price center of gravity moved down slightly, around 50,320 yuan / ton line shock operation, up and down volatility 100 Yuan/ton or so. In the afternoon, the strength of the air, the price of copper continued to move down, low to 50,190 yuan / ton, the tail was slightly repaired, closed at 50,260 yuan / ton, up 410 yuan / ton, positions decreased by 8606 hands to 179,000 hands, the volume Reduce 104,000 hands to 247,000 hands. The Shanghai copper index position decreased by 14,634 hands to 608,000 hands. Today, the overall operation of Shanghai copper is relatively stable. It is close to the National Day holiday, the funds have to be returned, and the long-short performance is more cautious. In the short term, the copper price may continue to fluctuate at a low level.

Today's Shanghai electrolytic copper spot on the current month contract rose 120 yuan / ton - liters of water 170 yuan / ton, flat water copper transaction price 50320 yuan / ton -45050 yuan / ton, premium copper transaction price 50350 yuan / ton -50480 yuan / ton. The Shanghai copper futures stabilized and returned to above 50,000 yuan. The supply of goods in the market has not been amplified. The early market holders have high quotations. The market conditions on Friday were postponed, and the quotation premium was as high as 120~150 yuan/ton. The transaction remained active. In particular, the proportion of flat water copper transactions is large, mostly for downstream replenishment, and some traders make up the replenishment for the completion of monthly sales. In the second trading session, the price of good copper has been raised to 160-170 yuan/ton of premium. After the morning market is completed, the rising premium will make the market buying enthusiasm, but the price is firm and it is difficult to suppress the price. The sustainability of stocking before the holiday was basically confirmed by the market at the beginning of the week. Today's market transactions are first and foremost, and the holders are in charge of the quotation initiative, and they want to seize the opportunity to continue to push up the premium. In the afternoon, the holders are reluctant to raise the awareness of the goods, the shipments are reduced, the market is difficult to supply low-priced goods, the Pingshui copper report is 140 yuan / ton -150 yuan / ton, the good copper report is 160 yuan / ton - 170 yuan / ton The transaction price is 50,320 yuan / ton -50,480 yuan / ton. As each company will gradually enter the settlement status from this Wednesday, the holders will continue to raise prices tomorrow, seize the opportunity before the holiday to further raise the level of premium, and tomorrow's premium is expected to report to 150-200 yuan / ton.

Aluminium : Lun aluminum opened at 2,159 US dollars / ton in the morning, and the sub-disc touched a low of 2,174 US dollars / ton. Then it entered the down mode. After entering the European period, the dollar rebounded and pressed the base metal. Lun aluminum continued to lower the low level and touched 2133. USD/ton, as of 18:01 Lun aluminum reported 2140.5 US dollars / ton, the evening is expected that Lun aluminum will try to repair the intraday decline.

In the morning, the main force of Shanghai Aluminum opened at 16,530 yuan / ton. After the initial aluminum price touched 16,680 yuan / ton, it opened the down mode. During the day, the company entered the multi-level, and the Shanghai aluminum low hit 16340 yuan / ton at one time. Aluminum repairs a small amount of decline to close at 16,420 yuan / ton, positions decreased by 20,130 hands to 371,886 hands, Shanghai aluminum 1712 contract positions increased by 29,518 hands to 342,730 hands, the main force significantly moved back, Shanghai aluminum index positions increased by 11,596 hands to 1030,992 hands The short position is dominated by short positions. As there is no substantial bullish news support, aluminum prices continue to rebound, but before the heating season work plan, it is not easy to over-look the aluminum price. It is expected that the callback depth will be limited and the aluminum price will be low.

In terms of spot, the Shanghai transaction concentration in the afternoon was 16140-16170 yuan/ton, the discount for the month was 250-190 yuan/ton, the transaction in Wuxi was 16140-16170 yuan/ton, and the transaction volume in Hangzhou was 16160-16180 yuan/ton. The holders stabilized. The goods, the period of aluminum repeated, when the aluminum rose, the spot discounts expanded, the traders bought up and did not buy down, Wuxi enterprises shut down due to environmental protection factors, the National Day stocking efforts were weak, the overall turnover was slightly better than Friday, concentrated Between traders. In the late afternoon, the center of gravity of the month of the month continued to fall downward. The quotation of the holders was priced at RMB 310-320/ton for the 11 contract, and the transaction price was 16080-16180 yuan/ton. The downstream bargains were purchased, slightly stocked, and the transaction was still acceptable. .

Lead : In the day, the lead was opened at 2478.5 US dollars / ton. After the opening, the trading volume was slightly lighter, and more open air reduction. Lun lead quickly climbed higher by 2,508 US dollars / ton; above 2,500 US dollars caused some long profit to leave, Lun lead back Part of the increase, the center of gravity fell back to a narrow range of shocks near the platform of 2488.5 US dollars; into the late Asian session, short-term entry, Lun lead straight down 2465.5 US dollars / ton, but the bottom quickly rebounded until returning to the daily average As of 17:20, Lun lead reported 2494 US dollars / ton, up 6 US dollars / ton, an increase of 0.24%. Lun lead has been continuously 8 consecutive years, and the 5-day moving average has been stepped up. The current 2,500 US dollar mark has certain resistance, and it will continue to fluctuate at a high level in the short term, continuing the upward trend of power storage.

In the day, the Shanghai main lead 1711 contract opened at 20,560 yuan / ton, after the opening, the bulls flooded in, and the Shanghai lead was hit 21,000 yuan / ton, but the Shanghai lead rose to 20,900 yuan / ton platform, encountered significant resistance The long and short game is fierce, wide fluctuations in the 20682-20970 yuan / ton range, Shanghai lead failed to high; then the long and short performance is more cautious, the amplitude gradually narrowed, with a narrow shock consolidation of 20,685 yuan / ton At the end of the session, some long-term profit-taking, Shanghai lead down 20,440 yuan / ton, and finally closed at 20,600 yuan / ton; up 375 yuan / ton, an increase of 1.85%, the volume decreased by 2,234 hands to 366,000 hands, positions The volume increased by 9468 hands to 88,710 hands, the bulls were positive and the positions were positive. In addition, the Shanghai Lead 1712 contract gradually became active. Today, the positions increased by 3,192 hands to 14,338 hands. Shanghai lead is still running above the moving averages. There is strong support below, but the resistance at the upper 21,000 yuan/ton integer is still relatively large. The bulls still need to continue to accumulate power, and the short-term or still maintain high fluctuations.

Shanghai market spot gold sand lead 21600 yuan / ton, for 1710 contract premium 100 yuan / ton offer, Wuxi warehouse single Jiang copper 21780 yuan / ton, for 1710 contract premium 280 yuan / ton offer, a small number of transactions; other brands offer less. During the period, the market volatility was high, the holders were actively shipping, the quotation was narrowed, and the downstream raw materials were mostly low and low, and the overall market transactions were general.

Guangdong market Yuteng lead 21600 yuan / ton, for the 1710 contract premium 100 yuan / ton offer; Jinhai 21,500 yuan / ton, SMM1 # lead average price 50 yuan / ton offer. The quotation of the holders increased, the shipment sentiment was acceptable, the downstream inquiry was general, the delivery was less, and the overall market trading was lighter.

Wanyang and Lushan in Henan area are only for long-term orders; Jinli is reluctant to sell at a low price; Yubei has a single order of 21,550 yuan/ton, and the average price of SMM1# lead is 200 yuan/ton. The refinery's long-term shipments are mainly based on the bulk of the shipments. The downstream raw materials purchases are mostly low-replenishment, and the overall market volume is generally the same.

Anhui area Tongguan lead single 21900 yuan / ton, SMM1 # lead average price of 450 yuan / ton offer; Hunan area Yuteng loose single 21430 yuan / ton, SMM1 # lead average price of 30 yuan / ton offer; Zhongde lead 21050-21150 yuan / ton, the average price of SMM1 # lead discount 300-400 yuan / ton offer; Jiangxi Jinde scattered single goods less, no offer. The refinery's bulk shipments will go on the market, and the downstream raw materials will be actively prepared before the festival.

Zinc : Today's zinc opened at 3063 US dollars / ton. At the beginning of the session, the zinc continued to rise at night, and the center of gravity moved up to 3,075 US dollars / ton to close the operation. Then the internal disk started to rebound, and the zinc was followed by the internal disk. After falling back at $3,120/ton, the pressure-bearing moving average fluctuated around $3,085/ton, with an up and down volatility of $10/ton. In the afternoon, the US dollar index put pressure on zinc, and the price of zinc price fell slightly to around $3,075/ton, ending at 17:45. The zinc price was $3085/ton, up $24/ton, or 0.78%. Lun Zinc recorded a long shadow on the short column and measured the pressure intensity above. In the case of Lme spot premiums and high premiums, the decline in Lme stocks continued unabated. The tight supply situation supported the formation of zinc. In the evening, Fed official Dudley made a speech, or involved in the details of the contraction, and expected to be cautious in the evening.

Today, Shanghai's main zinc 1711 contract opened at 25045 yuan / ton, the initial short position of the early trading day to carry out the warehouse to escape, pulling Shanghai zinc high to 25,350 yuan / ton. Afterwards, the differences between the long and short sides intensified. Shanghai Zinc fluctuated around 25,200 yuan/ton, and finally closed up at 25,175 yuan/ton, up 500 yuan/ton, or 2.03%, and the trading volume decreased by 68,818 to 461,000 hands. 8492 hands to 247,000 hands. After the Shanghai zinc rushed high, it was stable and stable, with a view to stabilizing 25,000 yuan/ton. At present, Shanghai zinc is sensitive to macro news. Overlaying the National Day holiday is coming, Shanghai zinc operation will be more cautious, and Shanghai zinc will stabilize at 25,000 yuan in the evening. / ton above.

Shanghai 0# zinc mainstream traded at 25810-25940 yuan / ton, 0 # ordinary brand on Shanghai zinc 1710 contract premium 360-liter water 460 yuan / ton, of which 0 # double Yan to October premium 450-460 yuan / ton, 1 #Mainstream transaction is around 25700-25750 yuan / ton. Due to the rebound in zinc prices, the refinery in the day resumed normal shipments; and some traders shipped positively, but the actual market transactions were poor, and downstream purchases were hampered by environmental factors. Traders were also relatively cautious because of higher premiums. In addition, the 11th holiday is coming soon, focusing on the downstream stocking situation this week.

Today, Guangdong 0# zinc mainstream traded at 25850-25900 yuan / ton, compared with Shanghai zinc from last week's flat water to premium 30 yuan / ton. The Shanghai zinc 1710 contract rose 350-400 yuan / ton, the main force 1711 contract rose 780 yuan / ton, the current zinc price hit a low rebound, refinery shipments are normal. The quotation of the holders was firm, mainly based on shipments, and the downstream purchases were on demand. The shipments were less than last Friday, and the overall market turnover was less than Friday. 0# Kirin, Cishan, Tiefeng mainstream turnover in the vicinity of 25850-25900 yuan / ton.

The mainstream transaction of 0# zinc ingot in Tianjin market was 25830-26860 yuan/ton, and the mainstream transaction of 0# ordinary brand was 25830-25900 yuan/ton, which was near Pingshui in Shanghai. The Shanghai zinc 1710 contract rose to 380-450 yuan / ton. The Tianjin premium was narrower than yesterday's 100 yuan / ton. Today's zinc price rebounded, the refinery shipped normally, and the Tianjin premium continued to narrow. Downstream market inquiries, the impact of environmental protection on consumption is still there, the downstream willingness to get goods is not good, the overall market turnover is not as good as last Friday. 0# Shuangyan, Hung Hom, Chi Hong and other transactions of 25830-25900 yuan / ton, 1 # Zijin, Hung Hom, Chi Hong transactions at 25750-25850 yuan / ton.

Tin : Today, Lunxi opened at $20,590/ton. During the Asian session, the pressure fluctuated, mainly around the 20-40 day moving average, and the top line of $20,700 was under pressure. A series of important economic data will be released this week, focusing on China's economic developments and the speeches of Fed officials. Lunxi is still in the shock zone, and the pressure on the top is heavier. The short-term pressure is lower than $20,700/ton, and the low is supported at $20,400/ton.

On the night of last Friday, Shanghai 1801 contract opened higher and lower, and the market fell to 143,800 yuan / ton. Today, it opened 144,760 yuan / ton, supported by long Masukura, and the Shanghai and Shanghai tins kept rising in the morning until the early afternoon. The situation, the highest hit 146,180 yuan / ton, but in the afternoon due to long-term profit-reduction, the trend fluctuated slightly, and finally closed at 145,350 yuan / ton, compared with the previous day settlement price rose 1280 yuan / ton, an increase of 0.89%. The turnover of 19,596 lots increased by 738 lots, and the position of 18,656 lots increased by 664 lots. Today, the domestic non-ferrous gold is generally strong, Shanghai tin tin tried to go up, but once again encountered resistance at 146,000 yuan / ton, short-term is expected to maintain a volatile trend, resistance 146,000 yuan / ton, support 142,500 yuan / ton.

In the Shanghai-Shenzhen market, today's Shanghai-Siexi transaction was 142,500-144,000 yuan/ton. Although the disk once rose to 146,000 yuan/ton, it quickly fell back. The spot mainstream price did not increase significantly. Yunxi 144000 yuan / ton, the package goods on the plate surface water 1500-1200 yuan / ton; ordinary cloud word 143,000 yuan / ton, small card 142,500 yuan / ton. Some downstream companies are still doing pre-holiday purchases today, and some traders have replenished the market. The overall transaction is general.

Nickel : Today's nickel plate opened at 10,620 US dollars / ton, the first nickel oscillated around the daily average, hitting 10,655 US dollars / ton after the shock down, low to 10,465 US dollars / ton, stabilized, recovered some of the decline, to noon, Lun Nickel runs below the daily average line. In the afternoon, Lun Nickel oscillates around the daily average line. When it enters Europe and the United States, Lun Nickel first suppresses and then rises, ending at 17:00, reported at 10,530 US dollars / ton, closing at the lower shadow line. The small Yinxian, KLJ and MACD openings of the nickel-line technical indicators are all downwards. It is expected that the evening nickel will still oscillate around $10,500, with a pressure of $10,600 or less, and the macro data in the evening will be lighter.

Today, Shanghai's main nickel 1801 opened at 84,460 yuan / ton. At the beginning of the session, the strength of the open position was too large. Shanghai nickel hit a high of 84,890 yuan / ton. After that, the long position of the long position was stronger. Shanghai nickel turned down, and the low level stabilized at 83,390 yuan / ton. Upward, recovering some of the decline, near midday, Shanghai nickel narrowly fluctuated and run above the daily average line. In the afternoon, Shanghai nickel rose slightly, but the US dollar index was higher, Shanghai nickel's upward momentum was insufficient, and then the gains were retreated. Shanghai nickel closed at 84,060. Yuan / ton, all day, Shanghai Nickel 1801 closed slightly lower than the shadow line Xiaoyangxing, compared with the previous day settlement price fell 1960 yuan / ton, down 2.28%, the volume decreased by 535,000 hands to 610,000 hands, positions The amount decreased by 38,800 hands to 492,000 hands. Today, the Shanghai nickel capital outflow is 250 million. The Shanghai nickel physical zone runs below the Bollinger track. The daily technical indicators KDJ and MACD are open downwards. It is expected that Shanghai nickel or shock will run at night. , 85,000 yuan or under pressure.

SMM 1# electrolytic nickel 84150-85350 yuan / ton. Last Friday, Shanghai nickel fell, and today's low level consolidation, Jinchuan company's low-cost enthusiasm for decline, down the price of electrolytic nickel (large board) Shanghai to 85,500 yuan / ton, slightly higher than the market price, Jinchuan nickel compared to Wuxi's main 1710 contract water to 1300 -1400 yuan / ton, Russian nickel premium water maintained at a high level of 400-500 yuan / ton, some small steel mills purchase in moderation, part of the electroplating, alloy factory to get goods at low prices, the morning mainstream trading range 84150 ~ 85500 yuan / ton. In the afternoon, the nickel fluctuated around the daily average, and the amplitude narrowed compared with the morning. The Jinchuan and Russian nickel premiums were stable compared with the morning, and the activity in the afternoon was low. The afternoon trading range was 84400-85650 yuan/ton. The overall market turnover today is less than last Friday.