Asset performance and capital changes:
China’s top five commodity gains and losses: Shanghai nickel 16.93%, palm 5.78% and TA4 38%, low sulfur fuel 4.25%, HuJiao 3.95%; Hu tin – 8.65%, Hu zinc – 7.31%, Hu aluminum – 5.41%, soda ash – 5.27%, dynamic coal – 5.07%
The top five (100 million yuan) of precipitation capital inflow and outflow: palm 403, soybean oil 304 and TA2 20. Plastic 1.71, ethylene glycol 1.69; Shanghai copper -9.34, Shanghai zinc -7.03, Shanghai nickel -6.41, Shanghai tin -4.38, hot coil -3.51
Inflow and outflow of precipitation funds from the sector (100 million yuan): energy and chemical industry 8.89, Shenzhen Agricultural Products Group Co.Ltd(000061) 4.81, precious metals -0.75, black building materials -7.64, non-ferrous metals -17.63
Important news and economic data:
China’s CPI rose 0.9% year-on-year in February, with an expected 0.8% and a previous value of 0.9%.; PPI rose 8.8% year-on-year, expected to be 8.7%, and the previous value was 9.1%.
On March 9, Aoyama group said that it had allocated sufficient spot for delivery through various channels to replace China’s metal nickel sector with its high matte nickel.
The notice issued by the exchange in the previous period suspended the trading of some contracts of nickel futures for one day.
The London Metal Exchange (LME) announced that after the closing on March 10, the margin requirement for nickel trading would be doubled to US $4808 / ton; Increase the initial margin of aluminum, zinc and copper by 8.3%, 7.1% and 4.4% respectively.
Risk tip: the decline of China’s real estate and the deterioration of the situation in Ukraine
