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January 3 copper market morning review
Time of Update: 2023-02-02
Copper CityAt the macro level, the US interest rate hike expectations have not changed significantly, the economic data is in line with expectations, and the US dollar index is running weakly; Domestically, economic data fell month-on-month in December, and as the impact of the epidemic weakened, the economy is building a bottom and is expected to improve.
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Shanghai copper high fell and downstream consumer demand shrank
Time of Update: 2023-02-02
Driven by optimism in the macro atmosphere, the metal is generally stronger, and the disturbance at the end of overseas mines is frequent, while at the same time, the pressure of domestic refined copper supply is limited, and extremely low inventories continue to provide support for the period price, but the spot premium is declining rapidly, the downstream consumer demand is shrinking, and the high level of Shanghai copper is falling, slightly red.
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Shanghai aluminum fell with the trend and continued to be treated with a bearish idea in the short term
Time of Update: 2023-02-02
Shanghai aluminumDomestic electrolytic aluminum social stocks reported 576,000 tons on Thursday, continuing to increase by 15,000 tons from Tuesday.
Domestic electrolytic aluminum social stocks reported 576,000 tons on Thursday, continuing to increase by 15,000 tons from Tuesday.
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Weak fundamentals PVC futures price rebound is highly limited
Time of Update: 2023-02-02
5 days, the northern off-season coupled with downstream production enterprises is about to take a holiday, weak fundamentals will inhibit the height of PVC futures price rebound, weak demand expectations are difficult to support the price to continue to rise, short-term must observe the effective decline of inventory; long-term need to pay attention to the implementation of economic and real estate policy packages.
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Rubber raw material prices are mixed, and it is expected that the downside is limited
Time of Update: 2023-02-02
RU non-standard price difference of 1945 yuan / ton (+100), tobacco chip import profit 23 yuan / ton (+43).
RU non-standard price difference of 1945 yuan / ton (+100), tobacco chip import profit 23 yuan / ton (+43).
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PVC prices are still supported and prices are expected to be volatile
Time of Update: 2023-02-02
However, the support expected by the market remained, resulting in spot price quotations remaining firm.
However, the support expected by the market remained, resulting in spot price quotations remaining firm.
However, the support expected by the market remained, resulting in spot price quotations remaining firm.
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PVC volatility weak operation Fundamentals are not expected well
Time of Update: 2023-02-02
20, the main PVC closed at 6275 yuan / ton (+0.
20, the main PVC closed at 6275 yuan / ton (+0.
20, the main PVC closed at 6275 yuan / ton (+0.
20, the main PVC closed at 6275 yuan / ton (+0.
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Shanghai aluminum volatility is strong, off-season demand suppresses upside
Time of Update: 2023-02-02
Shanghai aluminumToday's London aluminum high in a narrow range, LME three-month Beijing time at 15:01 at 2388 US dollars / ton, up 17 US dollars, or 0.
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Shanghai copper bottoms out and recovers, and the probability of a deep price fall is unlikely
Time of Update: 2023-02-02
Shanghai copperDuring the Asian session, London copper bottomed out, and the latest quotation at 15:01 Beijing time was 8302 US dollars / ton, up 22 US dollars, or 0.
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Rubber prices run in range-bound operation
Time of Update: 2023-02-02
This week, Thailand, Vietnam rainfall decreased, rubber tapping season has expectations of increased raw material supply, glue prices have fallen, demand dragged, inventories continue to accumulate slightly, pay attention to the recovery of domestic economic activities in the later period or is expected to bring about a stable rebound of far month contracts.
