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Aluminum prices stop falling and rebound, short-term or performance shock recovery trend
Time of Update: 2022-12-26
Recently, some aluminum plants in Henan plan to reduce production by 10-15% due to poor corporate profitability and other reasons, which is expected to affect the annualized production capacity of about 110,000 tons, and will reduce production in place in mid-November, and the resumption time is to be determined.
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September 22 London Copper noon review
Time of Update: 2022-12-26
London copperThe dollar rose to a 20-year high, the Fed raised interest rates by 75 basis points as scheduled, and again hawked that there would be further large-scale interest rate hikes, this hawkish tendency made copper prices have a sharp plunge, directly hit the non-ferrous metals market, overnight London copper shock down, the latest closing quotation of 7659 US dollars / ton, closed down 65 US dollars, down 0.
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Shanghai aluminum fell into a range shock, there is support down, upward and resistance
Time of Update: 2022-12-26
Shanghai aluminumAt present, the reduction of aluminum plant production in Yunnan is still the focus of market attention, although the market has rumors that the scale of production reduction will expand, but there is still no exact news, market sentiment is volatile, Mysteel said, if this year and even next year before the end of the dry period, Yunnan Province to maintain a large gap, on the one hand, will affect the production of electrolytic aluminum production capacity.
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October 11 London Copper Afternoon Review
Time of Update: 2022-12-26
64% overnight; Domestic and foreign spot premiums are on the high side, the domestic market supply is still tight and the demand side is boosted by infrastructure, and copper may rise.
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October 31 copper market noon review
Time of Update: 2022-12-26
Today's international copper premium to Shanghai copper continued to rise to 1275 points, and the external price was significantly higher than the internal market.
Today's international copper premium to Shanghai copper continued to rise to 1275 points, and the external price was significantly higher than the internal market.
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November 2 copper market noon review
Time of Update: 2022-12-26
9%; China may ease the epidemic restrictions to improve the demand outlook, while inventories in both London and Shanghai have decreased, and copper prices have been supported at the bottom, and copper may rise now.
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October 19 aluminum market noon comment
Time of Update: 2022-12-26
Regional silent diffusion and its resulting logistics impact, supply and consumption have been suppressed to a certain extent, coupled with peripheral pessimism continues to escalate, aluminum inventories accumulate slightly, short-term prices weaken.
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October 13 aluminum market noon review
Time of Update: 2022-12-26
Aluminum CityDuring the holiday, overseas supply-side concerns intensified and the LME banned Rusal trading led by a strong rebound.
Aluminum CityDuring the holiday, overseas supply-side concerns intensified and the LME banned Rusal trading led by a strong rebound.
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October 17 copper market morning review
Time of Update: 2022-12-26
Copper market morning comment: Copper prices fell slightly after opening high last weekend, and the market traded generally. On Friday, the Shanghai market electrolytic copper to Shanghai copper 2210
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November 4 Shanghai aluminum afternoon review
Time of Update: 2022-12-26
The metal inventory level is low, the structure is strong, the spot performance of Shanghai aluminum in recent days is strong, the price support is better, but the recession pressure is greater, the market confidence is insufficient, and the upward resistance is greater; The short-term Fed raised interest rates as scheduled, but the positive was less than expected, the dollar trend was strong, and metals were under pressure.
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September 29 aluminum market afternoon comment
Time of Update: 2022-12-26
Aluminum CityCrude oil rose overnight, and Lun aluminum rebounded sharply after hitting a new low to close in Zhongyang, opening slightly lower at $2130 today.
Aluminum CityCrude oil rose overnight, and Lun aluminum rebounded sharply after hitting a new low to close in Zhongyang, opening slightly lower at $2130 today.
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November 9 London Copper Afternoon Review
Time of Update: 2022-12-26
London copperThe weakness of the US dollar boosted commodity prices, giving the impetus to rebound the entire non-ferrous sector recently, the overall sentiment of the market stabilized and warmed up, overnight London copper fluctuated upward, and closed sharply higher at the end of the day, the latest closing quotation of 8054 US dollars / ton, closing up 105 US dollars, or 1.
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October 26 copper market morning review
Time of Update: 2022-12-26
Copper CityIn terms of spot, Shanghai electrolytic copper spot reported a premium of 390 ~ 460, a flat water copper transaction price of 64265 yuan / ton, and a premium copper transaction price of 64290 yuan / ton.
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Shanghai copper is weak, finishing slightly down, and the trend is in a dilemma
Time of Update: 2022-12-26
Domestic social finance data exceeded expectations to provide support for Shanghai copper, and new energy vehicle production and sales data are beautiful, silver peak season is still expected, Shanghai copper trend performance is strong, but market sentiment affected by the upcoming September CPI data in the United States, sentiment is cautious, intraday weak finishing slightly down.
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September 26 copper market noon review
Time of Update: 2022-12-26
Copper CityThe preliminary Markit services PMI in the United States came in at 49.
Copper CityThe preliminary Markit services PMI in the United States came in at 49.
Copper CityThe preliminary Markit services PMI in the United States came in at 49.
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Demand improvement is not large, PVC futures are weakly sorted
Time of Update: 2022-12-26
PVC is currently in the traditional demand season, but the order improvement is not strong, the market's expectations for the "golden nine silver ten" are gradually declining, and the upstream start in the later stage, the factor of weakening demand is expected to increase.
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November 4 Lun aluminum afternoon review
Time of Update: 2022-12-26
Lun aluminumAlcoa sent three letters to boycott Rusal, causing the market to worry about supply, overnight Lun aluminum fluctuated up, closed at the end of the day, the latest closing quotation of 2261 US dollars / ton, closed up 11 US dollars, or 0.
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October 27 aluminum market morning review
Time of Update: 2022-12-26
Aluminum CityThe overall transaction of the spot market in the morning is general, the enthusiasm for downstream procurement has declined, on-demand purchasing, and trading between traders has also decreased significantly.
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Rubber continues the low rebound pattern Supply and demand drive is weak
Time of Update: 2022-12-26
As of September 9: Exchange Total Inventory 289717 (+927), Exchange Warehouse Receipt 261010 (-1260).
Rubber prices continued to rebound at a low level, and the rapid widening of the RU1-5 spread in the past two days may mainly reflect the concern that the market trading logic began to switch from the previous delivery game to the reduction of domestic warehouse receipts corresponding to the 01 contract.
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November 1 copper market morning review
Time of Update: 2022-12-26
Copper CityMacro-level, there are still differences within the Fed on the magnitude of interest rate hikes recently, and some officials hope to slow down the pace, but considering high inflation and mid-term elections, the hawkish path is difficult to change; Domestically, after the important meeting, it is expected to return to the path of stimulating economic development, pay attention to follow-up domestic policy guidance, and are still in a weak recovery pattern.
