News summary
May 24freebingothatpaysrealmoney, the performance of the domestic non-ferrous metals futures market is divided, with the main industrial silicon contract rising by 3%freebingothatpaysrealmoney.76%, quoted at 12695 yuan/ton; the main force of lithium carbonate and alumina rose by 1.52% and 1.59% respectively. Aluminum, industrial silicon, lithium carbonate and international copper have experienced inverted periods, of which the industrial silicon basis ratio reaches 8.12%, indicating that spot prices are significantly premium to futures prices.
Newsletter text
[The non-ferrous metals market is divided, and industrial silicon futures prices have risen significantly]
On May 24, the domestic non-ferrous metals sector futures market showed a mixed pattern, with industrial silicon futures prices recording a significant increase of nearly 4%. At present, the main price of industrial silicon has increased by 3.76%, reported to the level of 12,695.00 yuan/ton.
[Lithium carbonate and alumina futures also performed well, and prices increased]
Lithium carbonate futures prices also followed the rise, recording a 1.52% increase to 106,800.00 yuan/ton. The main force of alumina futures also increased by 1.59%, with the price reaching 4,093.00 yuan/ton. However, the main force of Shanghai nickel futures fell back, down 0.94%, and the price was 151,780.00 yuan/ton.
[Data on warehouse receipts for non-ferrous metals has been updated, and cumulative warehouse receipts for copper, aluminum and other metals have increased]
Warehouse receipt data for the non-ferrous metals sector has also been updated. The cumulative warehouse receipt data for copper reached 225197 tons, an increase of 1042 tons from the previous day. The cumulative warehouse receipt volume of aluminum was 148669 tons, an increase of 696 tons. The cumulative warehouse receipt volume of zinc was 85198 tons, an increase of 2942 tons. Cumulative warehouse receipts for tin, lead and industrial silicon also increased, increasing by 22 tons, 600 tons and 96 tons respectively.
[Some non-ferrous metal varieties have the phenomenon of 'futures upside down', and the spot price is higher than the futures price]
Contracts for aluminum, industrial silicon, lithium carbonate and international copper varieties show a phenomenon of 'futures upside down', that is, spot prices are higher than futures prices. The spot price of aluminum exceeds the futures price by 201 yuan, the basis for industrial silicon is as high as 1095 yuan, and the basis for lithium carbonate reaches 5800 yuan, showing the current strong demand for these non-ferrous metals in the spot market.
[Basis data shows the difference in spot and futures prices of different non-ferrous metals]
The basis data shows that in addition to the above-mentioned varieties, the spot prices and futures prices of non-ferrous metals such as copper, zinc, lead, nickel and tin also differ to varying degrees. The basis ratio reflects the gap between spot and futures prices, among which the basis ratios of industrial silicon and lithium carbonate are more significant, at 8.12% and 5.23% respectively.