SMM copper price copper.ccmn.cn short comment: the weakness of US stocks dampened market sentiment, and LME copper closed down $46 the next week; In September, the copper inventory in the previous period fell sharply month on month, superimposed on the transportation obstruction caused by epidemic in Northwest China, and the supply worries continued. It is expected that copper will remain stable now.
Short comment on SMM aluminum price alu.ccmn.cn: inflation concerns triggered a cooling of market sentiment, and LME aluminum closed down $28 the following week; Recently, the social inventory of aluminum ingots has continued to accumulate, and the sharp drop in coal prices has forced the correction of aluminum prices. Today, the spot aluminum price may fall.
Short comment on SMM zinc price zn.ccmn.cn: the US dollar weakened, and LME zinc closed up 0.18% every other week. The cost of raw materials was too high, the operating rate of zinc oxide enterprises fell, the demand for terminal procurement was weak, and the cost inventory of zinc alloy increased. Now, the rise and fall of zinc may be limited.
Short comment on the Yangtze River lead price pb.ccmn.cn: the trend of crude oil is strong. The lead price fluctuates and rises every other week, closing up 1.25%. The demand is stable at a relatively high level, the lead accumulation is suspended, and the power restriction at the supply end intensifies, supporting the strong operation of lead price. Now the lead price may rise slightly.
Short comment on SMM tin price sn.ccmn.cn: the dollar index weakened, and LME closed up 0.88% the next week; The consumption of new energy and photovoltaic industry is improving, lighting up the demand of tin market, and there are still concerns about supply at home and abroad, but the tin market is mainly on the sidelines, and it is expected that tin will rise slightly now.
Short comment on SMM nickel price ni.ccmn.cn: US stocks fell, and LME nickel closed down 0.6% the following week; The export of bulk commodity raw materials stepped on the brake, which brought some support to nickel. However, the sharp drop in China’s coal price impacted the metal market, and SMM nickel was under pressure. Now nickel may continue to fall.