On the 13th afternoon domestic commodity futures markets to renew early differentiation trend. Generally weaker industrial products, which fell 1.56% copper, led the entire period of the city, more than in other varieties down 0.5%; agricultural products across the board gains across the board, beans oil more than the overall increase of about 1%.
On Friday, the euro zone finance ministers decided to postpone the second round of the Greek finance the € 130 billion rescue fund, which makes the ultimate Greek debt uncertainty increased sharply. Plus S & P cut Italy's 34 again bank's credit rating, as investors worried about Europe's debt crisis will spread risk aversion re-warming, European stock markets and commodity markets across the board callback.
Domestically, the January CPI growth rate was 4.5%, slightly more than market expectations, although the market agreed that the CPI trend of decline unchanged, but prices are still higher operation of monetary policy will be more cautious, taking into account the January credit Near 7,000 million, reaching a minimum, the recent RRR cut the likelihood decreased.
Lo fell on weak
13 Date Lo disadvantaged fell. 1205 contract opened lower at 4,267 yuan, down rapidly after the opening bell, fell below 4250 strong support at 40-day moving average near stabilized, low levels, income 4261 yuan, down 0.77%. An increase of 2.9 million hand positions, closing slightly enlarged.
Today, the domestic spot market continued widespread callback building, east part of the market is 50-100 yuan Budie. Shanghai, Beijing, Tianjin and other leading overall market decline is relatively flat, which Beijing market due to a larger decline last week, and low active, early losses slowed down slightly only partially wire $ 10. The 11th to mid-February Shagang sharp decline in construction materials prices 100-200 yuan, adding to the atmosphere of the market short. While the thick, hot-rolled, cold-rolled sheet prices such as continued weak consolidation.
Raw materials market remains weak consolidation pattern. The 13th spot ore imports temporarily stable, buying less than normal. 63.5% Indian powder mainstream 1070-1080. Domestic iron ore market mainstream steady, North China market weakening; billet market steady watching, local area downward adjustment. Tangshan billet ex steady in early trading today, the weekend prices were flat, less turnover.
Even the main focus of low volatility
Coke main 1205 contract opened slightly lower in 2180 yuan, 2075 yuan intraday low in the vicinity slight concussion. Coke main closing at 2071 yuan / ton, down 12 yuan / ton, down 0.58%, turnover 3,540 hand positions 3,668 hands.
The spot market, watching the atmosphere increased, turnover slowed; prices, supply and demand sides are still game. Baotou region's major steel mills began to overhaul the blast furnace, coke procurement market has stopped. Port areas: Lianyungang (601008, stock it) a quasi-market metallurgical coke, metallurgical coke price down 30 yuan / ton, the North affected by cold spell, a certain degree of Bohai sea ice phenomenon, making Tianjin Port (600717, stock it ) coke water more difficult, inventories increased.
Fundamentally, the Hunan Provincial Price Bureau said the information released yesterday, the provincial government on the transfer of coal into electricity security tasks coal, this year's contract price rose by less than 5% of last year's prices. China accounts for about 70% of resource consumption in coal resources are not included in the resource tax reform, the future will choose to consider inclusion of coal resource tax reform pilot.
Copper substantial setback
Monday Shanghai Metal collective setback, copper decline significantly, the main 1205 contract gapped at 61,010 yuan / ton, intraday narrow range, day decline of 1.5% or more. Look from the K line, is currently located on the 5th and the 10th double stalemate between the downward trend is not obvious, 60,000 mark support or will continue. At the close, down 1.60% copper 1205 to 60,770 yuan / ton, Masukura 1986 hands.
Spot, today's Shanghai market prices for copper 59650-59850 yuan / ton, premium 70 yuan / ton to premium 50 yuan / ton, the spot price of copper dropped to 60,000 or less, the month and every other month contract spread is about 500 yuan, attract downstream dips into the market, a significant improvement from Friday's turnover.
Monday Externally had good news, the Greek Parliament approved this morning, according to creditors demand austerity plan, which the EU and the IMF to Greece's second round of the € 130 billion loan assistance paved the way. Today, external market have also given a positive response, the euro rebounded against the dollar to 1.3250 from 1.3200 near the level of the highest hit 1.3258. LME Asian trading session at $ 8,500 above the line adjustment, rose 0.6 percent.
LME metals closed on Friday Pudie on the grounds that China's metal imports cuts and the euro zone rescue pessimistic remarks about Greece weighed on the market. China General Administration of Customs on the 10th released data show that Chinese copper imports 413,960 tons in January, compared with December's record high of significantly reduced by 18.7%, although China's Spring Festival holiday factors make imports fell, but investors still on the world's largest metal importing countries have concerns about future demand downturn. 9 LME metals closing Pudie, Copper and zinc London which fell more than 1%.