June 1st SMM basic metal spot trading day review

SMM June 1st news:

Copper: Today, Lun Copper opened at 5,691 US dollars / ton, due to China's May financial new manufacturing PMI of 49.6, the first time in 11 months fell below the line of glory, causing concerns about the domestic industrial outlook, long positions Out, the copper price fluctuated and the daily average volatility was lower, all the way down to 5,666 US dollars / ton, and then continued to pressure down after the short-term support of the 40-day moving average, to the new low, as of 17:11, Lun copper reported 5680.5 US dollars / ton, crude oil The US dollar index was reported at 97.083. Today, China's PMI data is weakening. The market outlook is still short-sighted. In the evening, the US ISM manufacturing index for May will be followed.

Today, Shanghai copper main 1708 contract opened at 45480 yuan / ton, with the offshore renminbi skyrocketing after the opening, the bulls have closed out, the copper price fell back low to penetrate the daily average, low to 45,230 yuan / ton, and then the bullish low Warehouse, copper price upside repair, regressing above the daily average line, closing at 45,350 yuan / ton to Xiaoyang line, down 210 yuan / ton, Masukura 8372 hands, volume increased by 16,976 hands, Shanghai copper index warehouse lost 8034 hands to 572,520 hands. Today's Shanghai copper has been suppressed and stabilized. The operation is relatively stable. The market outlook is still dominated by bearishness or close to the lower track of Brin Road.

Today, Shanghai electrolytic copper spot on the current month contract posted a discount of 70 yuan / ton - discount 20 yuan / ton, flat water copper transaction price 45140 yuan / ton -45300 yuan / ton, premium copper transaction price 45160 yuan / ton -45340 yuan / ton . Shanghai copper futures entered the June holders' willingness to increase their prices, which caused the current copper discounts to narrow slightly. The middlemen did not reach the psychological price, cautiously entered the market, and the downstream was mainly on demand. More still waiting for the next week to officially enter the market to receive the goods, the transaction atmosphere is general. On the first day after the month, the market is dominated by wait and see. In the afternoon session, the disk level rebounded and the spot market transaction did not improve. The downstream market entered the market next week. The spot market showed a priceless market. The Pingshui copper newspaper posted a discount of 60 yuan/ton-a discount of 40 yuan/ton. Reported water 40 yuan / ton - discount 20 yuan / ton, the transaction price is 45140 yuan / ton -45280 yuan / ton.

Aluminium: Lun aluminum opened at 1928 US dollars / ton in the morning. At the beginning of the trading day, it was around the daily average of 1930 US dollars / ton. After that, the focus of the transaction shifted downwards. The narrow range was running below the daily average line. During the European trading hours, Lun aluminum quickly rose. Touched high 1936 US dollars / ton, then the high level fell below the 60-day line support low touched 1920 US dollars / ton, as of 17:42 Lun aluminum reported 1921 US dollars / ton, the evening attention to the US ADP data and EIA crude oil inventory changes, it is expected that Lun aluminum continues Struggling between the 20/40 day moving average.

Shanghai aluminum opened at 13,810 yuan / ton in the morning. After the initial price of aluminum was slightly leaked, it fluctuated within a narrow range of 13,775 yuan / ton. The aluminum price began to rise slowly in the afternoon, and the short position in the afternoon accelerated. The Shanghai aluminum center quickly moved up and felt 13890 yuan / ton, high positions have been closed out, aluminum prices fell to 13,805 yuan / ton and closed at that point, the volume decreased to 174,396 hands, positions decreased 19,166 hands to 202,546 hands, Shanghai aluminum index positions decreased by 23,200 Hand to 584,798 hands. There is no new action in the supply-side reform. The fundamental contradiction of Shanghai-Aluminum has gradually become prominent. The macro-risk is superimposed, and the trend is relatively weak. In the evening, attention is paid to the competition for the 13800 yuan/ton line.

In terms of spot, aluminum futures stabilized at around 13,720 yuan/ton in the afternoon of the month. The transaction volume in Shanghai was 13650-13670 yuan/ton, 60-50 yuan/ton for the month, and 13650-13670 yuan/ton for Wuxi, and 13660-13680 yuan/ton for Hangzhou. The spot price fell sharply in the past few days, the price of the holders became more and more concentrated, the spot discount was narrowed slightly, the traders' inquiry was positive, the transaction was cautious and hesitant, showing the stalemate between the holders and the traders, and the downstream enterprises' enthusiasm for purchasing in the market was better than yesterday. Improve, the overall turnover is better than yesterday. In the late afternoon, aluminum rose sharply in the month, and the holders adjusted the price with the price. The transaction concentration was 13730-13750 yuan/ton. The trading company's inquiry atmosphere was strong, and the transaction in the sawing was limited.

Lead: In the day, Lun lead opened at 2122 US dollars / ton, opened more open after the opening, Len lead rose slightly, touched high 2129.5 US dollars / ton, then some long profit take off, the bears began to force, Lun lead shock down, Bottom bottom 2,105 US dollars / ton. During the Asian session, the lead oscillating operation was in the range of 2,105-2,120 US dollars / ton, as of 16:00, reported 2,110 US dollars / ton, down 7 US dollars / ton, a decrease of 0.33%. The 5,10-day moving average below the lead was strengthened, and the position of 2,100 USD/ton was consolidated. However, the continued rebound still needs a lot of help, and the short-term or maintain the range consolidation trend.

In the day, the Shanghai main lead 1707 contract opened at 15,865 yuan / ton, after the opening of the bulls flooded into the market, some short positions to lighten the market, the lead price quickly rose, touched 16170 yuan / ton, then open and reduced, lead price shock Downward, bottoming 15,965 yuan / ton, near the close, lead price volatility in the 16050-16100 yuan / ton range, and finally closed at 16,090 yuan / ton, up 255 yuan / ton, an increase of 1.61%. Volume increased by 18,102 lots to 66,008 lots, and positions increased by 448 lots to 43,596 lots. The Shanghai 10-day moving average below the 10-day moving average at 15,800 yuan/ton is strong. The top breaks the 20-day moving average, and the upward momentum is obvious. However, the Wanqi integer mark has not yet stabilized, and it is expected to maintain its consolidation trend in the short term.

Shanghai market Jinsha lead 16085 yuan / ton, for the 1707 contract flat water offer, there are transactions; Hengbang 16055 yuan / ton, 1707 contract discount 30 yuan / ton offer, there are transactions; Shuikoushan 16030 yuan / ton, to SMM1 # lead The average price is 30 yuan / ton. After the market rallied, the relatives fell back. The quotation of the holders was positive. In addition, the downstream consumption was relatively improved, and some of the storage enterprises had increased production plans. The demand for replenishment after the holiday appeared, and the market turnover improved compared with yesterday.

The Guangdong market is smelting and the old lead is 16,000 yuan/ton. The average price of SMM1# lead is flat and there is a deal. The lead price rose, the holders were quoting normally, and the shipments were positively rising. After the downstream festival, the market was replenished as needed, and the market turnover improved slightly.

In Henan, the lead in Hebei Province is 16,000 yuan/ton, and the average price of SMM1# lead is flat. There is a small amount of transactions; Yuguang is 16050 yuan/ton, and the average price of SMM is 50 yuan/ton; Wanyang is 16050-16100 yuan/ton. The average price of SMM is 50-100 yuan / ton. The refinery stocks fell, mostly to maintain long-term delivery, and the low-priced reluctance to sell was obvious, while the demand for replenishment after the downstream festival appeared, and the market turnover was slightly better.

Anhui Tongguan lead 16100 yuan / ton, the SMM average price of 100 yuan / ton offer; Jiangxi Jinde lead offer 15,900 yuan / ton, SMM average price of 50 yuan / ton; due to pre-environmental protection, maintenance and other factors The refinery's supply is limited, while the downstream demand is picking up, and the market trading atmosphere is improving.

Zinc: Today's zinc is opened at 2,602 US dollars / ton. After the first round of zinc trading, with the influx of bulls, the zinc zinc will be short-term high to around 2615 US dollars / ton. The zinc price is slightly adjusted and subject to the above multiple moving average pressure. , it quickly fell back, forming a fall V. It was rounded around around $2,590/ton. In the afternoon, Lun Zinc showed a shock pattern, but the general trend was downward. As of 16:57, Lun Zinc reported 2,573 US dollars / ton, down 28 US dollars / ton, down 1.10%. Zinelen Zinc is under pressure and is running weak. Above the multi-way moving average cross pressure, there is no obvious support below, and the evening is expected to be weak or oscillating.

Today, Shanghai's main zinc 1707 contract opened at 21,935 yuan / ton. At the beginning of the session, Shanghai zinc rebounded slightly after the average rebound, finishing at 22,000 yuan / ton. Subsequently, Shanghai zinc into the multi-flat, zinc prices began to squat down, after the breakdown of the daily line, the decline ended at 21,680 yuan / ton. In the second period, the zinc price was slightly repaired and it was rounded around a narrow range of 21,750 yuan/near. In the afternoon, Shanghai Zinc accompanied a wave of shorts, and the center of gravity rose slightly to around 2,1800 yuan / ton, closely following the daily average line. The final closing price was 21,805 yuan / ton, a decrease of 395 yuan / ton, a decrease of 1.78%. In terms of volume, volume increased by 10.7 lots to 592,000 lots, and positions decreased by 24,190 lots to 229,000 lots. The monthly difference between the 1706 contract and the main contract 1707 was 730 yuan/ton, the 1706 contract volume decreased by 11756 lots to 51560 lots, and the 1708 contract capacity increased by 5940 lots to 210668 lots. The main force increased after the month. During the day, Shanghai's zinc operation was slightly tired. Although the center of gravity moved slowly, it recorded a long shadow line. The next 20 days and 40 days formed technical support. On the 5th, the 60-day moving average pressured downward. Shanghai zinc or around a weak shock around 2,1800 yuan / ton.

Today Shanghai 0# zinc mainstream turnover in 22460-22650 yuan / ton, 0 # brand brand on Shanghai zinc 1706 contract premium 20-liter water 40 yuan / ton, Shuangyan brand premium 100 yuan / ton, 70 yuan lower than yesterday's premium / Tns and transferred to the water, on the Shanghai zinc 1707 contract premium 600-750 yuan / ton. During the first trading session, the Shanghai Zinc 1707 contract fluctuated around 21,950 yuan/ton, and most of the market still offered a premium of 30-80 yuan/ton to the 1706 contract. During the second trading session, the Shanghai zinc futures center fell around 160 yuan/ton, due to Adequate supply in the market, the enthusiasm of the downstream goods is not good, the general brand for the June offer premium water to paste water 20- flat water nearby. Although the price of zinc has dropped, the refinery shipments have decreased compared with yesterday. However, due to the increase in the import of zinc sources, the market has increased from 20 yuan/ton to 100 yuan/ton in June, suppressing the price of domestic brands. The price of the premium was transferred to the water shipment, and the intraday turnover did not improve compared with yesterday.

Today Guangdong 0# zinc mainstream traded at 22430-22480 yuan / ton, for the month 1706 contract discount 50 yuan / nearby, the main force 1707 contract premium 680-700 yuan / ton, Guangdong city to Shanghai stock discount 50 yuan / ton Left and right, (except Shuangyan brand). The price of zinc fell slightly and the refinery shipped normally. Imported brands such as Belgium are priced at a discount, and the volume of goods in circulation is relatively abundant. The downstream only needs to purchase, and the holders are mainly shipping. However, after the transaction, the overall market turnover is not as good as yesterday. 0# Danxia, ​​Mengzi, Kirin mainstream transactions in 22,750-22,810 yuan / ton.

Today, Tianjin market 0# zinc ingot mainstream turnover in 22800-23980 yuan / ton, 0 # ordinary brand mainstream turnover in 22780-22900 yuan / ton, the month 1706 contract premium 80 yuan / ton. The refinery shipped normally, the zinc price fluctuated, and after the holiday, the downstream just needed to purchase, and there was little reserve. The overall market turnover was less than last Friday. 0# Zijin, red 烨 traded at 22780-22900 yuan / ton, 1 #紫金,红烨, sold at 22730-22850 yuan / ton.

Tin: China's May manufacturing new manufacturing PMI fell to 49.6, less than the expected 50.1 and the previous value of 50.3, the lowest in 11 months. Shows weak domestic demand. The purchasing inventory index fell sharply, but the inventory of finished products rebounded, indicating that the company changed from active replenishment to passive restocking. Combined with the official manufacturing PMI in May, the downward pressure on China's manufacturing industry has further increased, and the downward trend of China's economy in the second quarter has basically been established. In Europe and the United States, the Fed’s latest Beige Book shows that the US economy expanded at a moderate to moderate pace from the beginning of April to the end of May, but there are few signs that inflation will break the recent sluggish trend and still strengthen the Fed’s June rate hike expectations. Lunxi continued to maintain a high level of shock, the semi-annual line of 20,280 US dollars / ton support is stable, the recent Lunxi stocks have been at historical lows, support strong trend, lack of other bullish news guidance, expected to continue to strong shock range in the short term is 20100-20700 US dollars / Ton.

Shanghai-Tianxi trend: Shanghai-Tianxi opened at 143,460 yuan/ton yesterday evening. At the beginning of the session, some short positions were added, and the price diving was as low as 142,110 yuan/ton. The support of the middle and lower rails was stable. Shanghai-Shenzhen shocked upwards, and the night plate recovered its initial decline, closing at 143,770 yuan / ton. In the morning, the long position of the long position opened up to 144,500 yuan / ton, the upper resistance is strong, some sets of insurance disk entered, the price quickly fell back to 143,200 yuan / ton, and then maintained a volatile trend, and finally rose 420 yuan yesterday to close at 143,660 yuan /Ton. Today's positions increased by 144 lots to 17822, and the trading volume increased by 3,092 lots to 16312. The Shanghai futures stocks continued to maintain a wide range of 142,500-144,500 yuan/ton in the short term.

In terms of spot, today's spot market holders are actively shipping, and the spot discount has narrowed down to 2,500 yuan/ton today. Recently, the willingness of Yunnan manufacturers to ship has narrowed compared with the previous ones. The price of small-scale supply has rebounded slightly, with an overall turnover of 140,000-142,000 yuan/ton. In the short term, there is more stock in the spot pressure market, and the transaction price is hard to rise sharply.

Nickel: Today's Lun Nickel Asian trading opened at 8970 US dollars / ton, after the opening unilateral downside, around the daily average weak and narrow fluctuations, after the China Caixin PMI index is less than the previous value and expectations, and the first time in 11 months is lower than 50, Nickel fell, running below the daily average, the small "V" trend of nickel in the afternoon, followed by a narrow range of fluctuations, the market expects the UK manufacturing PMI index in May is less than the previous value, Europe and the United States time nickel has once again fell, the low touched 8825 USD/ton, as of 16:45, was quoted at $8,830/ton, closed at the bald line. The nickel-nickel entity range runs below multiple moving averages, and the daily technical indicators are still weak. At night, attention is paid to the US ADP employment changes in May and the number of jobless claims last week. The market is expected to be mixed, and it is expected that the nickel will run at night. .

Today, Shanghai's main nickel 1709 opened at 73,600 yuan / ton in early trading. At the beginning of the trading session, Shanghai Nickel briefly went up, and the high price reached 73,630 yuan / ton. In the morning, the company announced that China's May new manufacturing PMI was 49.6, 11 months. For the first time, it fell below the 50-year-old line. Shanghai-nickel down, as low as 72,950 yuan/ton, and then recovered some of the decline. In the afternoon, Shanghai-nickel oscillated around the daily average. Throughout the day, Shanghai Nickel closed at the Xiaoyang line with a long shadow line, which was 890 yuan/ton lower than the settlement price of the previous day, a decrease of 1.20%. The trading volume decreased by 38,100 hands to 311,000 hands, and the position decreased by 12978 hands to 54.8. Thousand hands. On the technical side, today's Shanghai nickel physical interval is far from the above multiple moving averages. The daily technical index MACD opens downwards and the green column becomes longer. It is expected that Shanghai nickel will fluctuate in the evening or in a narrow range.

Shanghai stock market, SMM1# electrolytic nickel 71850-74000 yuan / ton. During the period, nickel was weakly consolidating. In the morning, Jinchuan Nickel was about 1600 yuan/ton higher than Wuxi's main contract of 1706. Jinchuan Company accompanied the market and lowered the ex-factory price to 73,800 yuan/ton. The transaction was general. Russian nickel was less than 300 yuan/ton of Wuxi 1706 contract. The disk continued to decline, and the enthusiasm of the downstream goods was better than yesterday. The transaction was general, and the mainstream transaction interval in the morning was 71850~74,000 yuan/ton. In the afternoon, nickel was narrowly consolidating, and there was no significant change in the market's nickel premium. The transaction was general, with a major transaction interval of 72,000-74,000 yuan/ton.

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