Yesterday, the metal market was red, fat, green and thin, with Lun
copper up nearly 0.7%, Lun aluminum down nearly 0.7%, Lun zinc up nearly
0.6%, Lun nickel up nearly 1.4%, Lun tin down nearly 0.1%, and Lun lead
up nearly 0.9%. Lun copper rose on Wednesday as China, a major metal
consumer, released strong manufacturing data, and the market expected
the us to increase infrastructure spending. However, the strength of the
US dollar and the rise in US government bond yields restrained the rise
in copper prices. Analysts pointed out that today's focus is Biden's
infrastructure bill, and China's data is also quite positive, so it
provides some support. But a stronger dollar is limiting upside, and
options markets suggest it could continue for some time. Domestically,
international copper rose nearly 0.1%, Shanghai copper rose nearly 0.2%,
Shanghai aluminum rose nearly 0.6%, Shanghai lead rose nearly 0.4%,
Shanghai zinc fell nearly 0.4%, Shanghai nickel rose nearly 0.3%, and
Shanghai tin rose nearly 1.1%. The US dollar fell against most G-10
currencies on Wednesday, narrowing its biggest quarterly gain in a year,
with the US dollar index down 0.11% to 93.18; the US dollar suffered
selling pressure at the end of the month when the London market was
fixed, and once fell 0.4%; the index rose 3.6% this quarter, and the
rise in US Treasury yields provided support for the US dollar. The one
month implied volatility of various currencies fell at a time when the
stock market rose and the foreign exchange market is expected to be
seasonally stable in April. U.S. stocks ended mixed on Wednesday, with
tech stocks pushing the NASDAQ up more than 200 points. Investors are
assessing the impact of Biden's upcoming massive infrastructure plan and
corporate tax increases. Signs of a strong rebound in the economy made
the three major stock indexes rise for the fourth consecutive quarter.
The Dow was down 85.41 points, or 0.26%, at 32981.55; the Nasdaq was up
201.48 points, or 1.54%, at 13246.87; the S & P 500 was up 14.34 points,
or 0.36%, at 3972.89. On Wednesday, the Shanghai Composite Index closed
at 3441.91, down 0.43%, with a turnover of 314.174 billion yuan. The
Shenzhen composite index fell 0.79% to 13778.67, with a turnover of
373.263 billion yuan. The gem index was 2758.50 points, down 0.46%, with
a turnover of 122.743 billion yuan. A total of 687.437 billion
transactions were made in the two cities. On the disk, port shipping,
environmental protection, xiong'an and other sectors were among the top
gainers, while military industry, rare earth, securities and other
sectors were among the top gainers.