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The tight supply of domestic spot market still has some support for aluminum prices
Time of Update: 2023-02-02
According to customs data, domestic net imports of primary aluminum in November were 108,300 tons, down 52.
From January to November, the total domestic net import of primary aluminum reached 345,000 tons, down 76.
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Rubber prices run in range-bound operation
Time of Update: 2023-02-02
This week, Thailand, Vietnam rainfall decreased, rubber tapping season has expectations of increased raw material supply, glue prices have fallen, demand dragged, inventories continue to accumulate slightly, pay attention to the recovery of domestic economic activities in the later period or is expected to bring about a stable rebound of far month contracts.
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Narrowing of the current price spread is expected to have limited room for rubber to fall
Time of Update: 2023-02-02
Domestic raw materials: Yunnan glue 10800 yuan / ton (0), Hainan glue 11350 yuan / ton (0).
Domestic raw materials: Yunnan glue 10800 yuan / ton (0), Hainan glue 11350 yuan / ton (0).
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Shanghai aluminum fell with the trend and continued to be treated with a bearish idea in the short term
Time of Update: 2023-02-02
Shanghai aluminumDomestic electrolytic aluminum social stocks reported 576,000 tons on Thursday, continuing to increase by 15,000 tons from Tuesday.
Domestic electrolytic aluminum social stocks reported 576,000 tons on Thursday, continuing to increase by 15,000 tons from Tuesday.
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Shanghai copper high fell and downstream consumer demand shrank
Time of Update: 2023-02-02
Driven by optimism in the macro atmosphere, the metal is generally stronger, and the disturbance at the end of overseas mines is frequent, while at the same time, the pressure of domestic refined copper supply is limited, and extremely low inventories continue to provide support for the period price, but the spot premium is declining rapidly, the downstream consumer demand is shrinking, and the high level of Shanghai copper is falling, slightly red.
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Short-term fundamentals are weak PVC prices are difficult to rise sharply
Time of Update: 2023-02-02
3 days, PVC futures prices are running strongly; the load of PVC equipment continues to increase; the overall inventory accumulation is expected; the export window is open, which is favorable support; public health events further put pressure on demand; and calcium carbide prices at the raw material end remain stable.
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Aluminum prices remain volatile in the short term or to a certain extent
Time of Update: 2023-02-02
Aluminum pricesOn the supply side, aluminum production fell slightly; Rumors of continued production cuts in Yunnan have affected production capacity by 20%-30%, and the power problem may not be alleviated, and the possibility of continued production cuts is not ruled out in the future; The resumption of production in the remaining regions and the release of new production capacity as planned, the overall supply may continue to rise.
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Market consumption further weakened Shanghai aluminum under pressure
Time of Update: 2023-02-02
For the current trend, the further weakening of aluminum market consumption is obvious, although Guizhou's production reduction interferes with production, but the overall supply is stable due to the increase in imports.
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PVC prices gradually recover Weak fundamentals limit the room for rebound
Time of Update: 2023-02-02
The demand expectation side continued to improve, due to the increase in export orders of some manufacturers and the active pre-sale of goods around the Spring Festival by some enterprises, the overall pre-sale orders of PVC manufacturers increased, which strengthened the support for futures prices.
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Terminal real demand is weak Copper prices are weak in the short term
Time of Update: 2023-02-02
Copper pricesOn the macro front, the market continues to pay attention to the changes in interest rate hike expectations in the United States and the economic situation after the adjustment of domestic epidemic prevention and control policies.
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Shanghai aluminum briefly fluctuated at a high level, and the spot trading atmosphere was cold
Time of Update: 2023-02-02
Shanghai aluminumToday's high level of Lun aluminum retreated, and the LME reported at $2,392 / ton at 15:01 Beijing time for three months, down $3, or 0.
Today's high level of Lun aluminum retreated, and the LME reported at $2,392 / ton at 15:01 Beijing time for three months, down $3, or 0.
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Shanghai copper main force is running strongly, and market demand is becoming weaker
Time of Update: 2023-02-02
On the supply side, the strengthening of overseas disturbances has aggravated the risk of supply disruptions, domestic supply due to the impact of the epidemic and the decline in smelting profits, refiners' willingness to chase production is not strong, superimposed on Shanghai copper inventories fell to a two-month low, premium remains firm to support copper prices.
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PVC volatility is weak, and the market trading atmosphere is generally weak
Time of Update: 2023-02-02
22, the PVC shock is weak; the supply side starts the load gradually increase; the price of raw material calcium carbide is temporarily stable; the social inventory is still high; the start of downstream products is declining; the enthusiasm for downstream procurement is low, and the overall transaction atmosphere is weak.
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There is still pressure above PVC in the short term as a weak shock
Time of Update: 2023-02-02
4 days, the price of PVC futures is weakly running; the PVC operating rate on the supply side has increased; PVC downstream product enterprises have been on holiday, just need to turn weak; the spot end purchase high price resistance; calcium carbide market prices are temporarily stable, and local areas have launched price increase plans.
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Rubber shock upside strong expectations and weak demand long and short game
Time of Update: 2023-02-02
The tire operating rate continued to decline, inventories continued to accumulate, the market's confidence in the gradual recovery of domestic economic activities has improved, the long-short game between strong expectations and weak demand, and the rubber shock upward.
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The contradiction between supply and demand is not prominent for the time being, and aluminum prices continue to fluctuate in a narrow range
Time of Update: 2023-02-02
Aluminum pricesOn the macro front, the Bank of Japan's monetary policy slightly exceeded market expectations, but the yen has given up most of its gains, the Fed's monetary policy is expected to remain in the short term, and the dollar index remains around 104.
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PVC demand is expected to be difficult to support the continued rise in prices
Time of Update: 2023-02-02
28, it is expected that weak realistic fundamentals will inhibit the rebound height of futures prices, PVC demand is expected to be difficult to support the price to continue to rise, and it is necessary to see an effective decline in inventories.
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December 26 Lun aluminum afternoon review
Time of Update: 2023-02-02
stocks and oil prices both rose, market risk appetite has heated up, the next week Lun aluminum bottomed out, the end of the shock finishing closed Xiaoyang, the latest closing quotation of 2396 US dollars / ton, closed up 4 US dollars, or 0.
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Shanghai aluminum short-term maintenance repeated oscillation
Time of Update: 2023-02-02
The overall performance of the spot market is characterized by off-season characteristics, supported by the fact that the current social inventory continues to remain low, and the spot has risen sharply since the new month, so the price has fallen slightly in the short term under the year-end effect, but the range is relatively limited, and the narrow range is dominant.
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Shanghai copper high open diving intraday weak shock
Time of Update: 2023-02-02
During the Asian session, London copper fluctuated upward, and the latest quotation at 15:01 Beijing time was 8490 US dollars / ton, up 116 US dollars, or 1.