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Copper prices fluctuated downward after soaring, and continued to pay attention to the inflection point of inventories
Time of Update: 2022-12-23
Copper pricesOn the macro front, global central banks will continue to maintain their current ultra-loose monetary and fiscal policies in the short term, but the recent strengthening of the Fed's taper expectations has led to a significant strengthening of the US dollar, which is not very favorable for the overall non-ferrous metals sector, including copper.
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Shanghai aluminum high consolidation There is still a possibility of breakthrough in the later stage
Time of Update: 2022-12-23
Shanghai aluminumThe long-term rally of the outer market Lun aluminum was maintained, and it continued to attack last week, trying to get rid of the pressure area and pay attention to the follow-up trend.
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PVC prices are prone to fall and difficult to rise, pay attention to macro policy news guidance
Time of Update: 2022-12-23
PVCAfter returning from the National Day holiday, the price of raw materials calcium carbide continued to rise to 7800 yuan / ton, the downstream products industry began one after another, there is a certain demand for replenishment, while some enterprises plan maintenance, most PVC devices are not saturated operation, Liduo supports PVC prices rose sharply, on October 11, futures opened up limit, and the spot market rose more actively, the daily increase of 9.
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The epidemic situation abroad continues to ferment, and the trend of Shanghai copper has intensified
Time of Update: 2022-12-23
In terms of fundamentals, the growth of upstream copper processing fees has slowed down, and the tight supply of cold materials still exists, coupled with the sharp decline in sulfuric acid prices, the pressure on refinery production has increased.
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The main force of Shanghai copper rose sharply, and the upward momentum was strengthened
Time of Update: 2022-12-23
Shanghai copperMarket Focus: (1) The minutes of the Fed's September meeting show that Fed officials could begin to reduce the special aid they have been providing to the economy as early as mid-November.
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The polyethylene market just needs to be purchased, and the price is firm in the short term
Time of Update: 2022-12-23
polyethyleneInternational crude oil: There are still countries that have strengthened lockdown control measures due to the Omicron variant, the seventh round of negotiations on the Iranian nuclear issue ended and released a positive signal, bearish expectations have strengthened, and international oil prices have fallen.
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Social inventories continued to decline, and aluminum prices received strong support
Time of Update: 2022-12-23
Today's Lun aluminum rushed higher after the volatile trend, LME three-month Beijing time at 15:01 at 2728 US dollars / ton, up 35 US dollars, or 1.
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Shanghai copper short-term strong operation The rebound height needs to be observed
Time of Update: 2022-12-23
Shanghai copperDuring the Asian session, London copper jumped high, and the latest quotation at 15:01 Beijing time was 9890 US dollars / ton, up 45 US dollars, or 0.
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PVC continued to rise before the holiday, and prices continued to rise
Time of Update: 2022-12-23
On the last working day before the holiday, PVC has not stopped its upward pace, continuing to climb and rise, the highest price of the main contract 2201 is 12210, a daily increase of 3. 36%, and the
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Shanghai aluminum opened high and downward, short-term trend or weak shock
Time of Update: 2022-12-23
Shanghai aluminumToday, Lun aluminum fell in shock, and the LME was reported at $2,920 / ton at 15:01 Beijing time for three months, down $36, or 1.
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After the continuous high price of aluminum, it maintained a strong consolidation in the short term
Time of Update: 2022-12-23
In terms of macro, the domestic monetary and fiscal policies in the past 22 years have been relatively positive, and the superimposed carbon goals will restrict the supply of electrolytic aluminum, so the medium and long term aluminum market trend is optimistic.
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Terminal demand is sluggish and the short-term aluminum price trend is weak
Time of Update: 2022-12-23
In the external market, today's Lun aluminum fluctuated at a low level, and the LME was reported at 2861 US dollars / ton at 15:01 Beijing time for three months, down 35 US dollars, or 1.
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PVC futures prices rose sharply, and the market trading atmosphere turned good
Time of Update: 2022-12-23
In recent days, the price of goods continued to fall to suppress market sentiment, PVC prices fell again and again, and the offer of holders continued to decline, with prices as low as 9,000 yuan.
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Shanghai aluminum fell at a high level and need to be vigilant against the risk of further correction
Time of Update: 2022-12-23
This week, Lun aluminum showed a trend of rushing back down, rising above 2700 intraday, and as of Friday, the cumulative decline was about 0.
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Financial markets have had ups and downs Non-ferrous metals have been firm
Time of Update: 2022-12-23
With the end of China's National Day holiday, funds that were previously out of the market are expected to return, and financial markets as a whole are expected to resume their rally given the recent signs of a slight easing in Sino-US relations and the improvement in the US domestic debt ceiling game.
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Shanghai copper opened high to the upside, and the actual transaction of the market was average
Time of Update: 2022-12-23
Recently, global copper inventories have declined significantly, LME destocking 1850 tons to 97,600 tons, SHFE destocking 675 tons to 17709 tons; domestic northern transportation resistance caused goods to go south, mainly due to the shortage of containers and tight railway transportation, short-term market arrivals are insufficient, the phenomenon of shortage of goods is intensifying, and copper is expected to rise.
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A slight upward dip in rubber stocks may maintain bullish expectations in the medium and long term
Time of Update: 2022-12-23
rubberDuring the holiday, the domestic heavy-duty truck sales data for September continued to show weakness, and the sales of heavy-duty trucks in September were expected to be about 60,000 units, up 17% month-on-month and down 60% year-on-year, hitting a new low in the same period of nearly five years, which is mainly related to the domestic economic downturn and the real estate downturn.
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Shanghai copper weak shock short-term still narrow fluctuations
Time of Update: 2022-12-23
In terms of news, the threat of strikes at Chilean copper mines has subsided, the shortage of raw materials has eased, supporting the future supply of copper mines, domestic refined copper smelting and processing fees have continued to rise, smelter profits have continued to increase, and production enthusiasm has been enhanced, and copper prices are expected to fall today.
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Spot supply and demand are weak The support is still strong under the low inventory of the copper market
Time of Update: 2022-12-23
At present, the domestic RRR cut and the rebound of economic data have repaired macro sentiment, spot supply and demand are weak, and the support is still strong under extremely low inventory, but the price rebounds slightly and the premium falls sharply, and it is estimated that with the deepening of the off-season, the support will move down.
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Shanghai aluminum fluctuates at a high level, and prices still have a basis for rushing higher
Time of Update: 2022-12-23
Shanghai aluminumOn the supply side, the interference of production restriction policy is still there, from late August to early September, Xinjiang, Guangxi and Yunnan have successively introduced policies to reduce electrolytic aluminum production, Guangxi further increased in mid-September, Guizhou encouraged electrolytic aluminum enterprises to stagger peak production in mid-to-late September, and Qinghai, Ningxia and Guizhou limited production in October.
