-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
There is more interference on the supply side, and Shanghai aluminum continues to fluctuate in the range
Time of Update: 2022-12-26
Shanghai aluminumIn terms of domestic fundamentals, with the arrival of the dry period, it is still necessary to pay attention to whether there is a possibility of subsequent production reduction and expansion in Yunnan.
-
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.
-
Shanghai copper opens low to the downside, and the market is more risk-aversion
Time of Update: 2022-12-25
Shanghai copperAt the macro level, trading around the expectation of a global recession continues, copper prices fell sharply and fell below the theoretical valuation level, copper traded a 75BP rate hike in July, but oil prices retreated, the United States was under pressure, and the Fed was still likely to complete the 3.
-
Domestic policy support There is not much space below the aluminum price
Time of Update: 2022-12-25
The current epidemic continues to suppress downstream consumption, although transportation in various places is slowly recovering, but the epidemic situation in East China has not eased, and some enterprises have begun to arrange holidays before May Day, the suppression of downstream consumption still exists, and downstream construction data has not seen a significant recovery.
-
August 3 aluminum market noon comment
Time of Update: 2022-12-25
Aluminum CityCrude oil fell slightly overnight, with Lun aluminum falling to close in the shade, opening slightly lower at $2404 today.
Aluminum CityCrude oil fell slightly overnight, with Lun aluminum falling to close in the shade, opening slightly lower at $2404 today.
-
Market demand is light PVC futures prices fall
Time of Update: 2022-12-25
The price of PVC calcium carbide SG5 fell last week, after the average price of domestic PVC on Friday was 7348.
The price of PVC calcium carbide SG5 fell last week, after the average price of domestic PVC on Friday was 7348.
-
The price decline before the Shanghai aluminum festival is treated with a wait-and-see approach in the short term
Time of Update: 2022-12-25
Shanghai aluminumYesterday's aluminum prices fluctuated at a low level, market pessimism eased, and the spot market traded generally.
Yesterday's aluminum prices fluctuated at a low level, market pessimism eased, and the spot market traded generally.
-
Inner metal closed down across the board, and Shanghai copper fell in shock
Time of Update: 2022-12-25
Therefore, copper prices may remain volatile until the Fed's interest rate decision in May. Inside metals closed down across the board yesterday, Shanghai copper fell nearly 2%, and outside metals, London Metal Exchange (LME) industrial metals tumbled on Monday, concerns about demand from China, the largest consumer, triggered a sell-off, exacerbated by expectations of sharp interest rate hikes in the United States and a sharp rise in the dollar, with London copper falling 2.
-
It is difficult to reverse the pattern of rubber supply and demand, and it is recommended to wait and see for the time being
Time of Update: 2022-12-25
As of May 6: Exchange Total Inventory 263566 (-19), Exchange Warehouse Receipt 254440 (+1450).
81%), and the domestic semi-steel tire operating rate was 40.
81%), and the domestic semi-steel tire operating rate was 40.
81%), and the domestic semi-steel tire operating rate was 40.
-
Shanghai aluminum narrow range volatility spot market trading is general
Time of Update: 2022-12-25
Yesterday's domestic aluminum slightly repaired the previous decline, the main contract of Shanghai aluminum received support around 20,550 yuan / ton overnight, and the daily rebound was blocked at 20,830 yuan / ton.
