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The copper market rebounded in shock but there is no long-term support for fundamentals
Time of Update: 2022-12-25
Copper CityOn the macro front, the ECB raised interest rates by 50 basis points, higher than the expected 25 points; After the Fed raised interest rates by 75-100 basis points, the market re-expected the Fed to raise interest rates by 75 basis points, and then the Fed interest rate meeting landed, making the dollar have a considerable correction.
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Market demand is expected to improve, and Shanghai copper ended in volatility
Time of Update: 2022-12-25
Shanghai copperOn the macro front, yesterday, US retail sales recorded a monthly rate of 0.
Shanghai copperOn the macro front, yesterday, US retail sales recorded a monthly rate of 0.
Shanghai copperOn the macro front, yesterday, US retail sales recorded a monthly rate of 0.
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The market's expectations for consumption have rebounded, and Shanghai aluminum has been strongly volatile in the short term
Time of Update: 2022-12-25
Today, Lun aluminum opened higher, and the LME was reported at $2,782 / ton at 15:01 Beijing time for three months, up $58, or 2.
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There is no significant improvement in fundamentals, and the upward support for aluminum prices is weak
Time of Update: 2022-12-25
Overnight, affected by the time of zinc production reduction caused by European power, although there is no further significant reduction in production in overseas aluminum smelters, as a large electricity user, the trend of aluminum prices is affected by market sentiment, and aluminum prices inside and outside the night market are higher.
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Shanghai copper trend is weak, the market remains cautious on the sidelines
Time of Update: 2022-12-25
During the Asian session, London copper ran weakly, and the latest quotation at 15:01 Beijing time was 7520 US dollars / ton, down 288 US dollars, or 3.
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The market as a whole is not materially bullish PVC trend maintains a cautious view
Time of Update: 2022-12-25
11, Shaanxi quoted 1240 yuan / ton, no price change from the previous day.
11, Shaanxi quoted 1240 yuan / ton, no price change from the previous day.
11, Shaanxi quoted 1240 yuan / ton, no price change from the previous day.
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Rubber plate prices continue to be weak in the later stage, pay attention to the improvement of supply and demand
Time of Update: 2022-12-25
The improvement of demand is supported below rubber, and the increase in supply is a later development trend, and rubber prices are expected to enter a volatile trend.
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The market bearish atmosphere is strong, and the aluminum market is under pressure and weakened
Time of Update: 2022-12-25
The epidemic has affected peripheral energy and high inflation, and the Fed and European interest rate hikes are expected to continue, and global commodities are under pressure, it is recommended to pay attention to the short-term pressure level above 20050.
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Rubber upside drive is insufficient and prices are under renewed pressure
Time of Update: 2022-12-25
No. 1, NR main closing price 10470 (-140) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1610 (-15) US dollars / ton, Malaysian standard rubber 1605 US dollars / ton (-15), Indonesia standard rubber 1640 (-15) US dollars / ton.
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Shanghai aluminum fell to a large extent, and it is not appropriate to chase the short for the time being
Time of Update: 2022-12-25
Shanghai aluminumOn the macro front, the domestic economy recovered significantly in May, but the improvement was limited, of which real estate investment fell by 4% year-on-year from January to May, and improved month-on-month; On June 15, the Fed raised its benchmark interest rate by 75 basis points to a range of 1.
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Consumer demand has an upward momentum There is some support below Shanghai aluminum
Time of Update: 2022-12-25
Shanghai aluminumOn the macro front, the Fed's June FOMC announced a 75 basis point rate hike, raising the target range of the federal funds rate to 1.
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Commodities are generally weak and rubber trends remain weak and volatile
Time of Update: 2022-12-25
Recently stimulated by recession concerns, commodities are weak overall, rubber supply and demand growth synchronously, maintaining relative stability, Hainan supply increased, raw material prices under pressure, downstream start data did not significantly improve, terminal consumption stimulation still has expectations, supply continues to increase, suppress price upside, after the early decline, Shanghai rubber risk sentiment has been released, currently at a relatively low level, is expected to maintain a weak short-term trend.
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Rubber prices are relatively resistant to decline, it is recommended to wait and see for the time being
Time of Update: 2022-12-25
This week's rubber prices are relatively resistant, mainly because the absolute price has been in a low position, and the non-standard price spread continues to narrow, and the power of short arbitrage on the plate has weakened significantly.
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This week, copper prices fell unilaterally and the trend broke downward
Time of Update: 2022-12-25
Copper pricesThe Central Bank Super Week came to an end, with the Fed leading the wave of interest rate hikes with 75 basis points.
Copper pricesThe Central Bank Super Week came to an end, with the Fed leading the wave of interest rate hikes with 75 basis points.
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Nonferrous macro picked up, and aluminum prices maintained a wide range of volatility
Time of Update: 2022-12-25
Demand: Consumption in the off-season is weak, there are high temperature power rationing problems in Jiangsu, Zhejiang, Sichuan-Chongqing and other places, and the operating rate of SMM's downstream leading processing enterprises this month increased by 0.
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Shanghai copper rushed back down The overall trading volume of the market is average
Time of Update: 2022-12-25
After the Fed raised interest rates as expected by the market, the US index retreated, copper prices once stabilized and rose slightly, and the market atmosphere was not good, and the intraday gains continued to fall.
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PVC prices rushed back down and the overall transaction volume of the spot market was weak
Time of Update: 2022-12-25
25 days, the main PVC closed at 6474 yuan / ton (+0.
25 days, the main PVC closed at 6474 yuan / ton (+0.
25 days, the main PVC closed at 6474 yuan / ton (+0.
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Shanghai copper oscillations rose slightly, and the pattern of weak market supply and demand was obvious
Time of Update: 2022-12-25
Shanghai copperOn the macro front, the dollar index continued to hit new highs yesterday and has now broken through the 103 mark, and the market expects the Fed to be more hawkish than other major central banks.
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Shanghai copper briefly stopped falling and stabilized, and the downstream fear of decline intensified
Time of Update: 2022-12-25
Shanghai copperDuring the Asian session, London copper rebounded from a low level, and the latest quotation at 15:01 Beijing time was 7663 US dollars / ton, up 67 US dollars, or 0.
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PVC fundamentals have not changed much, and terminal demand is still weak
Time of Update: 2022-12-25
9, PVC prices are weak and volatile, the recent PVC fundamentals have not changed much, terminal demand is still weak, superimposed on the epidemic in some areas, the demand side is difficult to recover in the short term, although the raw material end gives PVC price support but social inventory still continues to be high, overall short-term market news is calm.
