1. copper: at the industrial level, LME stocks decreased by 3,350 to 86,525 tons yesterday, and the proportion of cancelled warehouse receipts dropped to 27.9%, with cash /3M premium 109 USD/ton. Domestically, social stocks declined over the weekend, but the extremely high premium and monthly price difference restrained buying. Shanghai spot premium was lowered to 1 125 yuan/ton yesterday. In terms of import and export, the domestic spot import profit narrowed to about 500 yuan/ton yesterday, and the copper premium in Yangshan fell. According to the data released by the General Administration of Customs, China imported 282,000 tons of refined copper in June 5438+ 10, up 8.3% from the previous month. As for scrap copper, the price difference of domestic refined scrap copper narrowed to 1.700 yuan/ton yesterday, and the substitution advantage of scrap copper decreased.
2. Zinc: LME inventory decreased by 0.2 million tons to 6.5438+0.77 million tons; On Monday, the caliber of steel joint maintained the domestic social reserve 1 18000 tons, and the spot market did not change much. Traders actively ship goods, and downstream procurement is mainly based on demand. Shanghai's premium is 20-30 yuan/ton, Guangdong's premium is 5- 10 yuan/ton, and Tianjin's premium is 150- 180 yuan/ton. Glencore said that due to energy costs, it will continue to close Italy's 65,438+10,000 tons of refined zinc production capacity next month; Domestically, in June, 5438+065438+ 10, the domestic zinc processing fee remained unchanged, and the refinery output increased month on month. In June, 5438+ 10, refined zinc imported 4 1 10,000 tons, up 25% from the previous month. In the fourth quarter, the import volume may return to more than 1 10,000 tons, but it is difficult to stop the inventory from going down without dumping.
3. Gold: Powell is more hawkish than another candidate, brainerd. Powell's subsequent speech also showed that he was optimistic about the economy and would take measures to control inflation, which further strengthened the market's expectation of austerity, so precious metals reacted significantly. Shanghai gold fell 2.48% to 372.48 yuan/gram, Shanghai silver fell 1.7 1% to 4994 yuan/kg, and Comex 65438+February gold futures closed down 45.30 US dollars, or 2.4%, the biggest one-day drop in more than three months, to 65433. The yield of 10-year US bonds rose by 7.6 basis points to 1.627%, and the US dollar index rose by 0.45% to 96.5.
4. Iron ore: In terms of spot iron ore, the price of imported iron ore in Beilun Port rose by 9-34 throughout the day, with poor market transactions and few transactions throughout the day. The price of PB powder 6 10 rose by 34, PB block 730 rose by 14 and Karagas powder 765 rose by 26. The overall activity of the iron ore dollar market has improved. Recently, overseas mainstream shipments have declined, and the supply of non-mainstream minerals has declined.