On march 9th:
Metal market:
As of the day closes, the base metal of the inner disc fell, with only aluminum and zinc rising, with a 1. 61 per cent increase in aluminum and 0. 62 per cent increase in zinc. Tin fell by 2. 4 per cent, while the remaining metals fell by less than 1 per cent. Aluminium oxide increased by 3. 57 per cent and foundry aluminium by 1. 98 per cent。
In addition, lithium carbonate increased by 2. 94 per cent and polycrystal silicon by 3. 15 per cent. Industrial silicon rose by 0. 7 per cent. The european hub company increased the seal by up to 20 per cent, as reported in 2236. 4。
The black system has risen, with only stainless steel falling only by 0. 42 per cent. Iron ore rose by 2. 28 per cent, screws and heat rolls by more than 1 per cent, screws by 1. 3 per cent and heat rolls by 1. 58 per cent. On the double-focal side, coal coke increased by 5. 51 per cent and coke by 3. 82 per cent。
On the outer disk, as of 15:05, the fundamental metal on the outer disk fell, with only the single red of aluminium, an increase of 1. 18 per cent. Lenzi fell by 4. 89 per cent and lne by 1. 49 per cent. The rest fell within 1 per cent。
For precious metals, up to 15:05, comex gold fell by 0. 98 per cent and comex silver by 0. 52 per cent. At the domestic level, gold fell by 0. 08 per cent and silver by 1. 7 per cent。
In addition, the platinum owner fell by 1. 43 per cent and the platinum owner by 2. 18 per cent。
At 15:05 today
Macro
National level:
[report on the work of the standing committee of the national people's congress: state property act, finance act, etc. Will be enacted this year] the report on the work of the standing committee of the national people's congress indicates that this year will be devoted to the construction of a high-level socialist market economy, the enactment of a law on state assets, the revision of the law on the bankruptcy of enterprises, the law on the administration of tax collection, the law on state assets of enterprises, the law on certified accountants, the law on tenders, the law on public procurement, the law on prices, the law on trademarks and the law on the administration of urban real estate. In the context of accelerating the construction of a financial power, the financial law, the financial stability law and the law on the people's bank of china and the law on banking supervision and regulation have been amended。
According to the national institute of statistics, in february 2026, the national consumer price increased by 1. 3 per cent. Among them, urban growth increased by 1. 4 per cent and rural growth by 0. 9 per cent; food prices increased by 1. 7 per cent and non-food prices by 1. 3 per cent; consumer goods prices increased by 1. 1 per cent and services by 1. 6 per cent. On average, the national consumer price increased by 0. 8 per cent over the same period of the previous year. In february, the national consumer price ratio rose by 1. 0 per cent. Of these, urban and rural growth increased by 1. 0 per cent and rural growth by 0. 7 per cent; food by 1. 9 per cent and non-food by 0. 8 per cent; consumer goods by 0. 8 per cent and services by 1. 1 per cent. In february 2026, the prices of industrial producers in the country declined by 0. 9 per cent in comparison with the previous month, by 0. 5 percentage points, and by 0. 4 per cent in the ring, the same increase as last month. The price of imports by industrial producers declined by 0. 7 per cent over the same period, by 0. 7 percentage points less than last month; the ring ratio rose by 0. 7 per cent, by 0. 2 percentage points more than last month. On average, industrial producers ' prices dropped 1. 2 per cent compared to the same period of the previous year, and industrial producers ' prices of imports decreased 1. 1 per cent. The chief statistician of the urban division of the national statistical office, lixon, interpreted the cpi and ppi data for february 2026。
The central bank is operating today at a reverse buyback of $48. 5 billion over a seven-day period, with an operating rate of 1. 4 per cent, the same as before. As a result of the reverse buy-back due today, a net return of $86. 5 billion was achieved。
The average exchange rate for the inter-bank foreign exchange market on 9 march was rmb 6. 9158
In united states dollars:
As of 15:05, the united states dollar index had increased by 0. 61 per cent by 99. 45. According to michael brown, a pepperston senior research strategist, it was stated in a report that recent market developments were contrary to what the united states president trump had been pursuing. Brown said, “i think it is important to recognize that almost all of the things that we are seeing in the market are contrary to president tripp's stated objective.” brown said that he had repeatedly expressed his desire to see oil prices fall, stock markets rise, the dollar weaken, interest rates fall and the fed become more doves. Trump is now confronted with rising oil prices, falling stock markets, a stronger dollar, rising interest rates and a “dilemma” fed. (gin xian data)
According to the cme “federal reserve watch”, the fed had a probability of reducing interest rates by 25 basis points by 4. 5 per cent and interest rates by 95. 5 per cent. The fed had a cumulative rate of 17. 7 per cent for 25 basis points by april, 81. 7 per cent for interest rates and 0. 7 per cent for 50 basis points. The probability of a cumulative reduction of 25 basis points by june is 41. 5 per cent. (fia)
Macro level:
Today, data will be released on germany’s monthly rate of industrial output after the january season, switzerland’s february consumer confidence index, the eurozone sentix investor confidence index in march, the us federal reserve’s 1-year inflation forecast in february, china’s annual rate of supply of m2 currency (to be determined), china’s scale of social financing to date in february of this year (to be determined), and china’s new rmb lending to date in february. In addition, attention needs to be paid to the opening of a new window for rotation prices for domestically produced oil, as well as a videoconference between the president of the european commission, von de lein, and the president of the european council, costa, and middle eastern leaders. (gin xian data)
In crude oil:
As of 15:05, oil prices in both municipalities had risen together, but the increase had been markedly narrow earlier, with the united states increasing by 15. 52 per cent and the oil slick by 17. 51 per cent. After lunch, it was reported that the joint release of emergency oil reserves would be discussed by the g-7 and that the oil price increase would be narrow. The government of japan has been informed that the oil reserves are ready to release crude oil. (fia)
Kpler ship tracking data show that approximately 16 million barrels of petroleum products are difficult to move out of the strait of hormuz each day. According to the market, there are two bypass routes for the export of crude oil from the middle east, one to the yanbu and nearby muajiz docks off the red sea through saudi arabian cargo and the other to fujairah on the western coast of the united arab emirates through the hab al-fujairah pipeline. According to observers, most buyers of saudi crude oil are concentrated in asia, but almost all of the oil originating from yemba is driven north into the suez canal, which also means that saudi bypass plans are unlikely to alleviate the energy crisis in asian markets. (fia)
The physical closure of the strait of hormuz led to the obstruction of transportation and forced saudi arabia to divert to the red sea. Saudi arabia and the united states recently provided approximately 4. 6 million barrels of spot crude oil through rare tenders covering three categories of super-light, heavy and flagship products of arab light. The spot market bidding reflects pressure on the market. As sales are usually made only through long-term contracts, saudi arabia and the united arab emirates are unable to sell most of the oil through conventional channels and instead channel record quantities of crude oil to the port of yanbu in the red sea. Bloomberg ship tracking data show that since this month, its western terminal deliveries have skyrocketed to an average of 2. 3 million barrels per day, about 50 per cent higher than any month since the end of 2016. According to the traders, the supply prices for these tenders were higher than the official march prices at their respective levels. Official sales prices were set a month ago, well before the current geopolitical tensions in the middle east began. (gin xian data)
