Newsletter summary

The dollar plummetedReelpennbattleiii6000hsNon-ferrous metals rose sharply in the afternoon, Lun Copper shook up to around US $9870, and Shanghai Copper Innovation closed higher at 80160. Lun Aluminum rose slightly, while Shanghai Aluminum rose sharply to close at 20485. Global mine tension, Shanghai zinc rebounded, Lun lead rebounded, Shanghai lead opened high and went high.

Text of news flash

After the passage of the US global aid bill, market risk aversion rose, the dollar rose slightly overnight, and the non-ferrous metals market fluctuated at a high level. European economic data are weak when the US secretary of state visits China. Markets expect global unrest to intensify, with the dollar falling sharply during the day, the euro and the yuan rising, and non-ferrous metals rising sharply in the afternoon. London Metal Exchange (LME) rose across the board, the domestic spot price of only zinc fell slightly. [Lun Copper rose sharply in the afternoon, Shanghai Copper earned a new high in Zhongyang] Lun Copper was operating around US $9870 today, while Shanghai Copper rose sharply to close at 80160 yuan. Shanghai copper turnover declined, positions increased, market sentiment tends to be optimistic. The US economic data are general, the European economy is weak, China's March economic data is poor, and the macro fundamentals are weak. On the supply and demand side, global copper inventories hit another record high and spot demand is weak. Technically, the technical form of Shanghai Copper is strong, the short-term continues to operate at a high level, and the uncertainty is high in the medium term. The upper pressure of Shanghai copper is 82000 yuan, while the lower support is 73500 yuan. [crude oil rose slightly, Lun aluminum bottomed out and rebounded slightly] crude oil rose slightly today, with Lun aluminum operating around $2590. Shanghai Aluminum opened higher and closed higher in Zhongyang, closing at 20485 yuan. Shanghai aluminum trading decline, positions increased, the market mood is optimistic. Domestic aluminum inventory decline, spot transactions are not good. The peak season of Shanghai Aluminum is coming slowly, and there is support below. However, the short-term surge in crude oil and copper prices has led to a sharp rise in aluminum prices, and there is a risk of a correction at the high level. The upper pressure is 21000 yuan and the lower support is 19000 yuan. [Lun Zinc weak concussion crosshair, Shanghai Zinc rebound Shuyang Line] after the weak concussion crosshair opened slightly high overnight, the weak concussion crosshair. Shanghai zinc opened slightly high and then rebounded to take down the positive wire of the lead. The tense situation in global mines continued, the replenishment of imported mines fell, and the monthly processing fees of domestic mines fell further in April compared with the previous month. Under the low profit, the maintenance scale of domestic smelting enterprises has been expanded. Short-term supply is expected to be limited, but the improvement in demand during the peak season is limited and zinc prices are volatile. Medium-term mine end tight support is strong, demand optimistic expectations, zinc pullback and other opportunities to do more. [overnight lun lead rebounded to close the positive line, Shanghai lead opened high and walked high to close the positive line] overnight Lun lead bounced back to close the positive line after opening slightly low. Shanghai lead opens high and walks high to take down the positive wire of the lead. Domestic monthly processing fees continued to fall slightly, the tension at the mine end continued, the maintenance of primary lead in Henan continued, and production resumed after overhaul in some areas. The raw materials of waste batteries are tight, and recycled lead enterprises in Anhui, Shandong and other places passively reduce production. The traditional consumption of downstream batteries is off-season, and the demand margin is weaker. Lead prices are expected to be high, demand is increasingly limited, lead shock, but the supply of waste batteries is tight, under the cost support, lead under the support is strong, or high shock. In the later stage, the changes of lead supply and downstream demand need to be paid attention to.