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The pattern of loose supply and demand is difficult to reverse, and rubber spot prices have not risen as much as futures prices
Time of Update: 2022-12-26
However, in the medium term, there is no bright spot in the later period of supply increase and demand, the loose pattern of supply and demand is difficult to reverse, and domestic demand does not pick up significantly, it is expected that the pressure of domestic accumulation will gradually be reflected.
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Shanghai aluminum opens high and goes high The macro atmosphere is still not optimistic
Time of Update: 2022-12-26
Today's Shanghai aluminum high open, macro atmosphere is still not optimistic, the strength of the dollar and the hawkish Fed interest rate hike never give up pressure, Shanghai aluminum daily market is not afraid to continue to run strongly, superimposed on the high price of domestic coal power, major major aluminum enterprises capacity repair is not as expected, Yunnan production cuts continue to cash, to a certain extent support for the price, aluminum prices closed strongly.
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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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October 25 Lun aluminum noon review
Time of Update: 2022-12-26
Lun aluminumOil prices weakened Hong Kong stocks fell, as the Federal Reserve raised interest rates imminently, the dollar strengthened to suppress the oil market, coupled with the collapse of Chinese and Hong Kong stock markets, raising concerns about the economic outlook, overnight Lun aluminum volatility weakened, the latest closing quotation of 2177 US dollars / ton, closed down 42 US dollars, down 1.
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Shanghai copper opened low and went low to continue its weak posture within the day
Time of Update: 2022-12-26
Shanghai copperDuring the Asian session, London copper rushed back down, and the latest quotation at 15:01 Beijing time was 7524 US dollars / ton, down 7 US dollars, or 0.
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Copper price wide range range adjustment The center of gravity did not continue to shift
Time of Update: 2022-12-26
In terms of spot, on October 20, the trading price of Yangtze River spot 1# copper was 62870-62910 yuan / ton, down 300 yuan / ton; Liter 810-liter 850, up 30 yuan / ton.
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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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Shanghai aluminum weak operation The shock pattern may not break through
Time of Update: 2022-12-26
Today's Shanghai aluminum weak operation, intraday trend once bottomed, the decline deepened to refresh more than three months of new low, the pessimistic market atmosphere affected the trend of aluminum in the futures, the market for the Fed's aggressive interest rate hike expectations in December slightly heated, while the domestic maintenance of weak demand stable situation and cost support weakened, short-term Shanghai aluminum continued to weaken.
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PVC fundamentals are weak, and the market may be difficult to destock in the short term
Time of Update: 2022-12-26
20, PVC futures prices fluctuated; the starting load of the PVC industry this week decreased slightly; there were no new PVC maintenance enterprises; the price of calcium carbide at the raw material end remained temporarily stable; the transaction at the spot end was not good, and the participants were in a wait-and-see mood.
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Shanghai copper market picked up slightly, and the supply and demand side still supported
Time of Update: 2022-12-26
Shanghai copper opened low on Tuesday and rebounded, the market picked up slightly during the day, the main month 2210 contract opened at 62020 yuan / ton, and the daily close was 62600 yuan / ton, up 30 yuan / ton, or 0.
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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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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 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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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 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 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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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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Fundamentals still support Shanghai copper trend is relatively strong
Time of Update: 2022-12-26
And in the context of booming production and sales of new energy vehicles and high growth rate of infrastructure, power grid, and photovoltaic investment, domestic copper consumption performance is acceptable, although real estate fatigue restrains copper consumption, but overall, consumer demand is still resilient.
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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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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.
