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Aluminum prices rebounded slightly before the holiday, but the overall center of gravity shifted downward
Time of Update: 2022-12-20
Aluminum prices continued to fall last week, mainly because the inventory inflection point was basically established, and the fundamental support was weakened, although at the macro level, aluminum prices rebounded slightly before the holiday due to factors such as Trump's signing of the stimulus bill, the finalization of the investment agreement between China and Europe, and the dovish of the Fed's 2021 interest rate decision voters, but the overall center of gravity shifted downward.
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January 11 Shanghai aluminum noon comment
Time of Update: 2022-12-20
Shanghai aluminumOn the macro front, the Biden administration won the election and will launch a larger stimulus package, but the 10-year US Treasury yield has increased sharply, which has provided some support to the US dollar.
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The off-season of consumption is coming, and the fundamental support of Shanghai aluminum weakens
Time of Update: 2022-12-20
Today's Shanghai aluminum trend is volatile, the US stimulus plan is expected to be introduced, but electrolytic aluminum is still accumulating, with the arrival of the consumption off-season, fundamental support weakened.
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The off-season of consumption is coming, and the fundamental support of Shanghai aluminum weakens
Time of Update: 2022-12-20
Today's Shanghai aluminum trend is volatile, the US stimulus plan is expected to be introduced, but electrolytic aluminum is still accumulating, with the arrival of the consumption off-season, fundamental support weakened.
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November 19 aluminum market morning review
Time of Update: 2022-12-20
Aluminum CityThe early performance of the spot market in the morning is still active, and as prices soar, the willingness to receive goods declines, and the downstream late stage is mostly wait-and-see.
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Even plastic volume reduction position, futures price shock fall
Time of Update: 2022-12-20
Summary: The operating rate of downstream agricultural film enterprises has rebounded, and the recent polyolefin inventory in major domestic ports has remained in the historical low area, indicating that the short-term supply pressure is not large.
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The center of gravity of aluminum prices continues to shift downward, and inventories continue to accumulate
Time of Update: 2022-12-20
On Wednesday, Shanghai aluminum continued the pullback trend, the center of gravity of aluminum prices continued to move down, as of the close of 3 pm, Shanghai aluminum main 2102 contract closed down
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Shanghai copper trend is weak, and it is expected to maintain a volatile trend next week
Time of Update: 2022-12-20
Shanghai copperThe LME market was closed on Monday for the holiday, and London copper was weak last week.
Shanghai copperThe LME market was closed on Monday for the holiday, and London copper was weak last week.
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Shanghai copper trend is weak, and it is expected to maintain a volatile trend next week
Time of Update: 2022-12-20
Shanghai copperThe LME market was closed on Monday for the holiday, and London copper was weak last week.
Shanghai copperThe LME market was closed on Monday for the holiday, and London copper was weak last week.
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Low social inventory supports aluminum prices to a certain extent
Time of Update: 2022-12-20
According to data from the Bureau of Statistics, China's primary aluminum production in November increased from a year earlier, with average daily production hitting a record high, and more smelting capacity came online amid strong demand and high aluminum prices.
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November 18 Shanghai aluminum noon review
Time of Update: 2022-12-20
Shanghai aluminumIn the market, the price of Chinalco East China AOO aluminum ingots was 15590 yuan / ton, down 70 yuan.
Shanghai aluminumIn the market, the price of Chinalco East China AOO aluminum ingots was 15590 yuan / ton, down 70 yuan.
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November 18 Shanghai aluminum noon review
Time of Update: 2022-12-20
Shanghai aluminumIn the market, the price of Chinalco East China AOO aluminum ingots was 15590 yuan / ton, down 70 yuan.
Shanghai aluminumIn the market, the price of Chinalco East China AOO aluminum ingots was 15590 yuan / ton, down 70 yuan.
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October 28 Lun aluminum noon review
Time of Update: 2022-12-20
consumers' confidence in the economic outlook fell, overnight aluminum shock after closing down $1 at the end of the day, the pressure on production capacity is gradually increasing, the cost side remains weak, and aluminum is expected to fall today.
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November 27 copper market noon review
Time of Update: 2022-12-20
Shanghai copper opened low and went high overnight, rising slightly to a new high, closing at 55400, Shanghai copper trading fell and positions rose slightly, market confidence is still strong.
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November 27 copper market noon review
Time of Update: 2022-12-20
Shanghai copper opened low and went high overnight, rising slightly to a new high, closing at 55400, Shanghai copper trading fell and positions rose slightly, market confidence is still strong.
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Rubber contracts soared back down, and futures prices fluctuated to close higher
Time of Update: 2022-12-20
92% year-on-year; The operating rate of all-steel tire manufacturers was 74.
92% year-on-year; The operating rate of all-steel tire manufacturers was 74.
92% year-on-year; The operating rate of all-steel tire manufacturers was 74.
92% year-on-year; The operating rate of all-steel tire manufacturers was 74.
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The main force of Shanghai copper is still facing downward pressure on the pullback of the high opening
Time of Update: 2022-12-20
Warehouse receipt inventory: Shanghai copper warehouse receipts totaled 66,752 tons on Tuesday, a daily decrease of 874 tons; On October 19, LME copper stocks stood at 183,900 tonnes, down 950 tonnes per day.
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January 20 Shanghai aluminum noon comment
Time of Update: 2022-12-20
Shanghai aluminumRecently, LME inventories, the last period and China's output have risen, social inventories have entered the accumulation stage since late December last year, and the operating rate of downstream enterprises in the off-season is low, the operating rate of aluminum plants is still at a high level, and spot aluminum prices are expected to fall.
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Macro favorable support period copper main force high volatility
Time of Update: 2022-12-20
In the previous trading day, the main copper Cu2102 in Shanghai fluctuated at a high level, the highest was 59550, the lowest was 58720, and closed at 59380, closing up 0.
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Macro favorable support period copper main force high volatility
Time of Update: 2022-12-20
In the previous trading day, the main copper Cu2102 in Shanghai fluctuated at a high level, the highest was 59550, the lowest was 58720, and closed at 59380, closing up 0.
