The "Aftermath" Of Japan'S Earthquake Has Not Yet Seen The Ups And Downs Of Commodity Prices.

Last Friday (11), the 9 largest in Japan.

At the beginning of this week, the aftermath of Japan's earthquake was not yet completed, but it still hit the global capital market and put pressure on the whole commodity market.

Tuesday (15), fears of Japan's nuclear leakage crisis hit the market. Oil prices in New York and London were all down more than 4%, the biggest decline in 13 months, ICE cotton's second consecutive day limit, crude sugar futures fell nearly 8%, CBOT soybean and corn futures closed down, and wheat futures plunged to 7 and a half months low.

Tokyo TOCOM rubber futures fell more than 8%.

Near the weekend, as the nuclear leakage problem eased slightly, international crude oil prices began to rebound to boost the entire commodity.

On the 18 day of crude oil, Libya announced a cease-fire, the turbulence situation eased, and international oil prices fell slightly.

As of the end of the day, New York's light crude oil futures in April fell 35 cents to $101.07 a barrel, down only 9 cents a week.

London Beihai crude oil futures for May delivery fell 97 cents, closing at $113.93 a barrel, rising 1.06 dollars a week, widening the price gap with the New York market.

Zheng Ruojin, an analyst at Yongan Futures Research Institute, believes that the recent international investment banks may continue to fuel high oil prices with the help of Japan's earthquake and the Middle East situation. However, the negative impact of Japan's earthquake on the global economy and the intensification of global inflationary pressures can not support high oil prices.

At the same time, the world has sufficient oil reserves to cope with any supply disruption, and IEA's latest data show that the turmoil in early Egypt and Libya did not result in a reduction in global oil supply, resulting in a record high global oil production in February.

Within a week, the global commodity market fluctuated in the aftermath of Japan's earthquake. Compared with the sharp drop in international commodity prices, domestic commodities fluctuated slightly, and the overall trend showed a trend of bottoming out.

This week, the most notable commodity in China is the consistently low-key edible salt, which has been snapped up by the consumption of iodized salt caused by Japan's nuclear leakage crisis in many parts of the country.

Liu Xintian, editor in chief of the business society, told reporters that although the consumption of iodized salt supermarket is hard to find, the raw salt market is stable. He believes that buying salt iodized salt is a market manifestation of psychological panic caused by Japan's nuclear crisis.

In terms of soft goods, commodity futures such as rubber, cotton and sugar have bottomed out. Rubber has rebounded to 35000 yuan per ton, and the weekly gain is more than 2% after the Thailand government said it temporarily stopped exporting rubber and asked suppliers to control rubber prices above 120 baht.

In terms of grain, China has strong national regulation and control capabilities in wheat and rice fields, and is less affected by fluctuations in international varieties and futures. Strong wheat and early indica rice futures show a pattern of upward shock, with weekly gains of 2% and 1.5% respectively.

Corn and international corn tend to be closer, but the fluctuation is relatively small, only around 2%, maintaining a weekly gain of about 0.17%.

Grease, soybean oil, rapeseed oil, palm oil three major oils and fats similar to the international oil trend, showing a V trend.

After three consecutive days of decline, two days after a strong rebound, recovered "lost land", the three major oils and fats recorded weak weekly gains.

In terms of non-ferrous metals, copper, aluminum and zinc have different trends. Shanghai copper follows the trend of bottoming out. The weekly gain is 3.77%, returning to more than 71000 yuan per ton; Shanghai aluminum continued to decline for fifth weeks, hitting 4 months' place, with weekly decline of nearly 1.6%; Shanghai zinc oscillation upward and weekly increase of over 2%; and the new model futures trading simulation, which began in March 15th, will be officially launched in March 24th.

Steel products, affected by the earthquake in Japan, the market is worried about the reduction of steel supply, and post disaster reconstruction will stimulate steel demand. Domestic steel prices rebound for the first time after a month of continuous decline.

The current price of rebar price rises, and Shanghai screw futures rose by more than 2%.

In terms of thermal coal, data released by the 16 day marine coal network index center showed that the average price of Bohai coal in thermal power was unchanged from last week and maintained at 767 yuan / ton.

The coal price of the Bohai coal exchange traded on Friday (18) rose 11 yuan to 823 yuan / ton compared with Friday (11).