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Domestic anti-seasonal destocking Shanghai aluminum continues to run strongly
Time of Update: 2022-12-24
Shanghai aluminumToday, Lun aluminum is running firmly, and the LME was reported at $2,948 / ton at 15:01 Beijing time for three months, up $25.
Today, Lun aluminum is running firmly, and the LME was reported at $2,948 / ton at 15:01 Beijing time for three months, up $25.
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Market fundamentals are relatively stable Shanghai aluminum is expected to fluctuate at a high level
Time of Update: 2022-12-24
Shanghai aluminumIn terms of news, according to customs data, the import volume of unwrought aluminum alloy in November 2021 was 119,500 tons, an increase of 22% year-on-year and 1.
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May 5 aluminum market noon review
Time of Update: 2022-12-24
95%; The European energy crisis continues, overseas supply continues to be tight, the domestic epidemic tends to stabilize, spot consumption is expected to recover after the holiday, and aluminum is expected to rise today.
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February 16 copper market afternoon review
Time of Update: 2022-12-24
25% overnight; Peru reopened the blockade, domestic copper smelter production declined, supply and demand are now weak, copper is expected to rise slightly today.
25% overnight; Peru reopened the blockade, domestic copper smelter production declined, supply and demand are now weak, copper is expected to rise slightly today.
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The upward drive of aluminum prices weakened, and it is difficult to rise sharply in the short term
Time of Update: 2022-12-24
Overall, maintain the basic judgment of the medium term, that is, the uncertainty of domestic and foreign aluminum supply reduction continues, the improvement of the consumption side is clear, and the relatively low inventory under the holiday accumulation is not as expected as expected, which is amplifying the impact of supply and demand disturbances, in line with previous expectations.
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Natural rubber rebounds back down The long-short game is still fierce
Time of Update: 2022-12-24
In the later stage, the downstream tire factories will stop production one after another near the Spring Festival, and it is difficult for the price of tianjiao to have upward momentum under the condition of a phased slowdown in demand, and the short-term continuation of the shock pattern.
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Shanghai aluminum volatility is rising, and the fundamentals still have strong support
Time of Update: 2022-12-24
Shanghai aluminumIn terms of news, the situation in Russia and Ukraine has cooled down slightly, but the political risk has not been lifted, the market's concerns about the shortage of overseas aluminum supply still exist, coupled with overseas inventories in a relative position, aluminum prices remain high and volatile.
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Market confidence is insufficient, and Shanghai aluminum may continue to be under pressure in the short term
Time of Update: 2022-12-24
Shanghai aluminumThe current main line of market trading is still pessimistic expectations for demand.
Shanghai aluminumThe current main line of market trading is still pessimistic expectations for demand.
Shanghai aluminumThe current main line of market trading is still pessimistic expectations for demand.
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Shanghai aluminum maintained a high level of volatility and slowed down the pace of rushing high
Time of Update: 2022-12-24
Approaching the Spring Festival, profile companies and recycled alloy companies stopped production and holidays last week, superimposed on last week's aluminum prices continued to maintain high volatility, alloy and cable companies pre-holiday demand continued to weaken, operating rate continued to decline.
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Market merchants continue to be afraid of heights and wait and see, Shanghai aluminum continues to be weak
Time of Update: 2022-12-24
Today, Lun aluminum opened low and went low, and the LME was reported at $3,544 / ton at 15:01 Beijing time for three months, down $137, or 3.
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There is still room above Shanghai aluminum to pay attention to whether there is a breakthrough in the later stage
Time of Update: 2022-12-24
Shanghai aluminumOn the macro front, the dollar index continued to strengthen slightly in the previous session, rising above 98.
On the macro front, the dollar index continued to strengthen slightly in the previous session, rising above 98.
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It is difficult for copper prices to continue to rise, pay attention to the pullback pressure
Time of Update: 2022-12-24
Copper pricesOn the macro front, the European Central Bank announced its interest rate decision, keeping the three key interest rates unchanged; Confirmed that the net purchase of the asset purchase program will be closed in the third quarter.
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Domestic Shanghai copper shocks are mainly accumulated and upward pressure on prices has appeared
Time of Update: 2022-12-24
Shanghai copperOn the macro front, money markets briefly bet on a 10bps tightening by the ECB as early as September, then repriced into a 10bps hike in October, before betting on a similar rate hike in February and March 2023.
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Overall supply and demand are weak Copper prices remain range-bound
Time of Update: 2022-12-24
At present, there is no obvious drive for fundamentals, the overall supply and demand are weak, the price maintains range fluctuations, the current macro improvement, domestic interest rate cuts, special bonds have increased significantly, and LME copper inventories have remained stable at a low level.
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The market enters a holiday state Shanghai copper or maintains a volatile pattern
Time of Update: 2022-12-24
This once again boosted the trend of the dollar, which rose to the 97 mark yesterday and copper prices retreated, but inventory growth was the main reason for the fourth quarter GDP growth, contributing 4.
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Copper prices remain volatile and market consumption is still poor
Time of Update: 2022-12-24
Shanghai copperThe dollar fell slightly as demand for safe-haven currencies weakened.
Shanghai copperThe dollar fell slightly as demand for safe-haven currencies weakened.
Shanghai copperThe dollar fell slightly as demand for safe-haven currencies weakened.
Shanghai copperThe dollar fell slightly as demand for safe-haven currencies weakened.
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The source of copper scrap is still small and the price is relatively firm
Time of Update: 2022-12-24
In terms of copper factories, Henan Xinxiang and Hubei offer higher prices, attracting traders from Linyi Metal City to deliver goods.
In terms of copper factories, Henan Xinxiang and Hubei offer higher prices, attracting traders from Linyi Metal City to deliver goods.
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Rubber fundamentals have not changed much, and the decline in market prices has been limited
Time of Update: 2022-12-24
As the downstream enters the off-season, especially domestic tire factories are expected to begin to reduce load in the middle of this month, short-term weak demand will put rubber prices under pressure.
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Shanghai aluminum short-term to wait and see thinking There is still some support below
Time of Update: 2022-12-24
Aluminum prices came under pressure yesterday, mainly due to the severe domestic epidemic caused by poor transportation and downstream starts continued to decline, and domestic aluminum consumption was less than expected.
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Fed's rate hike boots landed, and copper prices climbed
Time of Update: 2022-12-24
Copper pricesOn the macro front, the Federal Open Market Committee (FOMC) raised its benchmark federal interest rate by 25 basis points from the 0%-0.
Copper pricesOn the macro front, the Federal Open Market Committee (FOMC) raised its benchmark federal interest rate by 25 basis points from the 0%-0.
