Colored black trended crude oil rose 1.63%

Release time：May 13, 2019 From：admin

At the close, the color black trended, the color was red, the Shanghai tin fell 0.33%, the Shanghai lead rose 0.82%, the Shanghai aluminum rose 0.6%, the Shanghai zinc rose 0.42%, the Shanghai copper rose 0.415, the Shanghai nickel rose slightly; Green oil, iron ore fell nearly 1%, hot coil fell 0.82%, thread fell 0.56%, coke fell slightly, coking coal rose 0.19%. It is worth noting that today's stock market fell sharply. The Shenzhen Component Index fell more than 3%, and the Shanghai Composite Index also fell 2.43%.

The downstream consumption of lead is still in the off-season, and the demand is general. The severity of the supply-side environmental protection limit is lower than that of last year, resulting in a significant increase in lead production. The renewed high of the dollar has also suppressed the price of lead. Lun aluminum stocks continued to decline, refreshing the new low since October last year. Shanghai lead stocks fell for the fourth consecutive week and the decline widened. Weekly inventories fell 5.14%, the lowest since November 2017. Under the support of low inventory, the aluminum price hit a new high, and the MACD red column was significantly enlarged compared with the previous period. However, the RSI has already reached the top and is short-term to guard against the risk of callback.

The iron ore mine closed down again, and the market did not show obvious positive factors. The short-term was affected by the resumption of mining areas and the recovery of major port stocks. Baosteel announced a net profit of 2.726 billion in the first quarter, down 45.7% year-on-year, the first drop in 2015. The company said that due to sluggish demand for cars, this year's revenue forecast has declined. In addition, Tangshan Heyi delayed the release of the secondary response to heavy polluted weather by 5 days, which affected the market sentiment.

Crude oil rose 1.63%, and the factors that supported the upward oil price in the previous period continued to lead the oil price.