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Weighed down by weak demand, Shanghai copper's rally was limited
Time of Update: 2023-02-02
Fundamentally, global copper inventories are at historic lows, domestic refined copper production is less than expected, spot supply is still tight, and the rising water rebounds to a high level, providing short-term support for prices.
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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 volatility is strong, off-season demand suppresses upside
Time of Update: 2023-02-02
Shanghai aluminumToday's London aluminum high in a narrow range, LME three-month Beijing time at 15:01 at 2388 US dollars / ton, up 17 US dollars, or 0.
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The center of gravity of Shanghai copper continues to shift downward and may continue to fall in the short term
Time of Update: 2023-02-02
Shanghai copperCopper prices fell sharply and fell lower during the day, but at present, downstream consumption is still weak, the sentiment of taking goods is not good, the market is mostly cautious and wait-and-see, and intraday procurement demand is limited; Holders weakened their sentiment and gradually lowered their premium shipments.
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Shanghai copper gaping opened high, and the intraday gains continued to narrow
Time of Update: 2023-02-02
Shanghai copperDuring the Asian session, London copper rushed to run high and fell sharply, and the latest quotation at 15:01 Beijing time was 8382 US dollars / ton, down 14 US dollars, or 0.
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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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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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Shanghai aluminum continued to break downward, and the decline slowed down
Time of Update: 2023-02-02
Today's Shanghai aluminum opened low and volatile, the decline slowed down during the day, the Fed's hawkish meeting minutes put pressure on metal prices, domestic consumption off-season and market confidence was insufficient, superimposed inventory accumulation is obvious, dragging down the price trend, short-term aluminum prices remain weak.
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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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December 26 London Copper Afternoon Review
Time of Update: 2023-02-02
The weakening of the US dollar is good for commodity prices, market disgust is suppressed, the next week London copper ran strongly, the latest closing quotation of 8379 yuan / ton, closed up 121 US dollars, or 1.
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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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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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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 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.
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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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Shanghai copper continues its decline The trend is relatively weak
Time of Update: 2023-02-02
Shanghai copperDuring the Asian session, London copper bottomed out, and the latest quotation at 15:01 Beijing time was 8275 US dollars / ton, up 24 US dollars, or 0.
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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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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.
