 Home > Chemicals Industry > New Chemical Materials > Cable raw materials (aluminum) weekly report (6.19-6.23)

Cable raw materials (aluminum) weekly report (6.19-6.23)

 Last Update: 2022-12-06
 Source: Internet
 Author: User

Tags

nutrition analysis software

uv index measured

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

First, macroeconomics

Domestically: Deng Yong, director of the State Administration of Taxation, said that the six major tax reduction policies have achieved full coverage of the three major types of taxes of goods and services tax, income tax and property behavior tax, which will produce positive tax reduction policy effects, which is conducive to stimulating market vitality and enhancing the innovation power
of market players.
Taxes reduce costs, fall or support metals up
.

International: Affected by the "hawkish" remarks of New York Fed President Dudley, US time this Monday, the US dollar index reversed the downward trend of last Friday affected by the poor performance of the US economic data, and rose significantly, and the metal trend was suppressed
.

2.
Analysis of this month's market trend

Second, this month's market trend analysis

(i) Market analysis

Analysis of key products of cable raw materials (aluminum): This week, domestic aluminum prices fluctuated and rose, due to the frequent emergence of recent supply-side policies, and the overall market atmosphere turned more
.
Represented by the Yangtze River nonferrous spot market, according to the monitoring data of the cable network, the price of A00 aluminum ingots at the beginning of the week was 13520 yuan / ton, and the price on Friday was 13670 yuan / ton, up 150 yuan, an increase of 1.
11%.

Cable raw materials (aluminum)

Macro: MSCI decided to include China A-shares in the MSCI Emerging Markets Index and MSCI ACWI Global Index, and China's A-shares successfully joined MSCI, initially absorbing 222 large-cap A-shares, which account for about 0.
73% of the weight of the MSCI Emerging Markets Index.

However, investors are skeptical about the effectiveness of production cuts by oil-producing countries, and the recent sluggish oil price trend has dragged down sentiment in the base metals market, and aluminum prices have been suppressed and the upside has been blocked
.

Market: this week's spot aluminum market trading is general, Monday was boosted by aluminum prices, traders trading slightly positive, transactions remain active, traders who shipped at a low level last week have chased higher replenishment, and downstream also has the willingness to chase up; On Tuesday, aluminum prices soared again, market divergence began to appear, trading slightly cooled down, have adjusted prices and shipments, and the rise is slightly weak, the downstream merchants who were actively receiving goods have a certain fear of heights, and the willingness to receive goods is reduced; After a few days of cold trading, Thursday market demand is extremely weak, downstream afraid of heights, and holders actively ship, but the market rarely receives, Friday, the spot market continues the recent weakness, holders actively adjust prices and shipments, downstream procurement enthusiasm is not good, weekend stocking market did not appear, transactions are still general
.

1234Next View full article

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.