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Shanghai copper rushed back down Uncertainty is still strong
Time of Update: 2022-12-20
On the macro front, China's manufacturing PMI has been in the expansion range for eight consecutive months, the overall manufacturing industry has continued to recover, and production and demand have maintained a rapid recovery.
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The dollar index fell to multi-year lows and there is limited room for a correction in Shanghai
Time of Update: 2022-12-20
Today's Shanghai copper shock operation, the main month 2102 contract opened at 58300 yuan / ton, the highest intraday 58680 yuan / ton, the lowest 58060 yuan / ton, the settlement 58330 yuan / ton, the close 58480 yuan / ton, down 100 yuan.
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PVC downstream demand has not improved, and the market is in a wait-and-see mood
Time of Update: 2022-12-20
Today's PVC spot market trading center of gravity narrow downward, futures range volatility, manufacturers' quotations firm, the recent delivery of pre-sale orders; Recently, due to weather and power cuts, the arrival of calcium carbide has been affected; Winter is approaching, demand in the north is gradually declining, and demand will weaken.
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PVC downstream demand has not improved, and the market is in a wait-and-see mood
Time of Update: 2022-12-20
Today's PVC spot market trading center of gravity narrow downward, futures range volatility, manufacturers' quotations firm, the recent delivery of pre-sale orders; Recently, due to weather and power cuts, the arrival of calcium carbide has been affected; Winter is approaching, demand in the north is gradually declining, and demand will weaken.
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Shanghai aluminum oscillation higher support gradually weakened
Time of Update: 2022-12-20
Shanghai aluminumOn the macro level, there may be no hope of a fiscal stimulus deal before the US election, and China's economic fundamentals have recovered, supporting better than expected new RMB loans and social financing data in September.
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October 21 Shanghai aluminum brief comment
Time of Update: 2022-12-20
Shanghai aluminumIn terms of imports, the Shanghai-London ratio narrowed to 7.
Shanghai aluminumIn terms of imports, the Shanghai-London ratio narrowed to 7.
Shanghai aluminumIn terms of imports, the Shanghai-London ratio narrowed to 7.
In terms of imports, the Shanghai-London ratio narrowed to 7.
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The PVC market is mainly stable and strong in the short term
Time of Update: 2022-12-20
Today's PVC spot market prices continue to rise, the recent arrival of pre-sales, the supply of sellable goods is tight, coupled with the futures market continues to rise, the market mentality is generally bullish; The spot market continues to be short of inventory by manufacturers, and the overall transaction atmosphere is good.
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Aluminum rose slightly and the bullish atmosphere cooled
Time of Update: 2022-12-20
Overall, in terms of raw materials, alumina prices bottomed out, the current profit margin of the electrolytic aluminum industry narrowed, spot, downstream aluminum processing enterprises procurement willingness is weak, a small part of the pre-holiday stocking, its new orders have signs of reduction, not as good as in previous years, only some traders slightly stocked.
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Copper prices fell slightly, and downstream consumption remained resilient
Time of Update: 2022-12-20
Copper pricesAt the macro level, US retail sales data for October fell short of expectations, with Federal Reserve Chairman Jerome Powell saying that the pandemic still poses a significant short-term risk to the economy and that it is premature to suspend emergency lending facilities.
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Shanghai copper's main high pullback The upward trend may slow down
Time of Update: 2022-12-20
On Tuesday, the main 2101 contract of Shanghai copper pulled back at a high level, with the highest 57980 yuan / ton and the lowest 56620 yuan / ton within the day, and the closing price of 57040 yuan / ton, down 1.
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PVC prices may continue to fluctuate in a narrow range in the short term
Time of Update: 2022-12-20
PVCPVC spot market quotations continued to fall during the day, futures plates were strong and volatile, calcium carbide PVC was affected by futures, some manufacturers' quotations continued to be lowered, the range was 150-300 yuan / ton, ethylene PVC was still tight, prices remained firm, and the trading atmosphere was active; Traders actively shipped, downstream manufacturers resisted high prices, affected by weather and environmental protection, downstream demand weakened, and some manufacturers reduced load production.
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Copper prices continue to oscillate in range, and it is difficult to show a trend market
Time of Update: 2022-12-20
Recently, domestic copper prices continue to oscillate in range, long and short have failed to dominate, the long side is mainly based on the macro logic of economic recovery and inflation caused by water release, the short side is based on the increase in supply such as production and imports, but the demand season is not strong and other logic.
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November 25 aluminum market noon review
Time of Update: 2022-12-20
Aluminum market afternoon comment: risk appetite improvement dollar returned to weakness, overnight Lun aluminum closed up $18, automotive and other terminal consumption maintained growth, short-term electrolytic aluminum inventory is difficult to accumulate, it is expected that aluminum rose today.
Overnight, Lun aluminum rose sharply to close at $1985.
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The dollar index continued to be weak, and the main force of Shanghai aluminum rose sharply
Time of Update: 2022-12-20
Technically, the main 2101 contract of Shanghai aluminum has increased its position, and the mainstream position has increased and shortened, and it is expected that the short-term will continue to be strong.
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The PVC market may continue to be high in the short term
Time of Update: 2022-12-20
PVCThe PVC spot market continued its upward trend during the day, with a range of 20-150 yuan / ton, futures were strong intraday shocks, manufacturers had a strong price mentality, and some manufacturers increased; At present, there are few spot goods in the market, and traders do not have many goods in their hands, mainly pre-sales, quotations are higher, and transactions are limited.
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The main force of Shanghai aluminum opened high and oscillated facing resistance at the 15,000 position
Time of Update: 2022-12-20
Market focus: (1) Biden announced that he had won the presidential election and said that he would establish a plan to deal with the new crown, which will be implemented from the first day in office.
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Shanghai aluminum afternoon comment on December 29
Time of Update: 2022-12-20
Shanghai aluminumThe price of Chinalco East China AOO aluminum ingots was 16190 yuan / ton, down 120 yuan.
Shanghai aluminumThe price of Chinalco East China AOO aluminum ingots was 16190 yuan / ton, down 120 yuan.
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Shanghai copper volatility is strong, and market trading has improved compared with the previous day
Time of Update: 2022-12-20
Shanghai copperDuring the Asian session, London copper fluctuated upward, and the latest quotation at 15:01 Beijing time was 6743 US dollars / ton, up 57 US dollars, or 0.
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Shanghai aluminum oscillations after rushing high Closely observe inventory changes
Time of Update: 2022-12-20
Shanghai aluminumAt present, based on plate prices, the profit of electrolytic aluminum smelting is about 2300 yuan / ton, an increase of about 200 yuan / ton from last week, which is at a historical high.
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The main force of Shanghai aluminum rushes higher and is expected to fluctuate at a short-term high
Time of Update: 2022-12-20
61% from the previous trading day's close; In the external market, LME aluminum fluctuated at a high level, as of 15:00 Beijing time, 3-month Lun aluminum was reported at 1864.
