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Demand slows and inventories increase slightly, and it is difficult for Shanghai aluminum to continue to reach new highs
Time of Update: 2022-12-19
Shanghai aluminumOn the supply side: the resumption of production accelerated under the background of high profits, and the operating capacity increased to 36.
Shanghai aluminumOn the supply side: the resumption of production accelerated under the background of high profits, and the operating capacity increased to 36.
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Aluminum price rebound lacks intrinsic impetus The probability of a sharp upward movement is not large
Time of Update: 2022-12-19
Today's Shanghai aluminum shock operation, the cost side of alumina prices to maintain stable operation, high profits prompted aluminum companies to accelerate the resumption of new production, aluminum prices rose sharply is not likely.
Today, Lun aluminum opened low and higher, and the LME three-month aluminum Beijing time was reported at 1701.
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The main force of Shanghai copper is expected to stabilize and fluctuate in the short term
Time of Update: 2022-12-19
Market focus: (1) US President Trump and House Speaker Pelosi accused each other of being responsible for the lack of progress in stimulus negotiations, but White House economic adviser Kudlow predicted that negotiations would continue.
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The overall improvement of market demand is limited, and PVC is strong in the short term
Time of Update: 2022-12-19
PVCOn Friday, PVC mainstream market quotations were lowered, upstream manufacturers had no inventory pressure, factory quotations were firm, downstream enterprises due to their own raw material reserves and social inventory slowdown, so inquiry procurement is more cautious, recent market trading continues to be in a weak state.
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The main force of Shanghai copper can move relatively strong when it opens high and goes up
Time of Update: 2022-12-19
Warehouse receipt inventory: Shanghai copper warehouse receipts totaled 36,417 tons on Monday, a daily decrease of 2,124 tons, a 7-day decline; On June 26, LME copper stocks were 221675 tons, down 3,975 tons per day, down for 8 consecutive days.
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Inventory dematerialization continues The copper market is expected to remain strong
Time of Update: 2022-12-19
Copper CityAbove the copper market, China's copper mine imports fell 8% in May, and the pressure of domestic smelter maintenance increased, and scrap copper imports still declined.
Above the copper market, China's copper mine imports fell 8% in May, and the pressure of domestic smelter maintenance increased, and scrap copper imports still declined.
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Limited follow-up of demand release The overall transaction performance of PVC is average
Time of Update: 2022-12-19
Today, the price of PVC spot market has been adjusted in a narrow range, due to the impact of maintenance, the supply has decreased, and the market has a strong wait-and-see atmosphere.
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The short-term tight supply situation continues Shanghai aluminum still has upward momentum
Time of Update: 2022-12-19
274 million tons after revision in April.
274 million tons after revision in April.
274 million tons after revision in April.
274 million tons after revision in April.
274 million tons after revision in April.
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The main force of Shanghai aluminum first fell and then rose, and the end of the day was unchanged from the previous trading day
Time of Update: 2022-12-19
On Monday, the main 2009 contract of Shanghai aluminum first fell and then rose, with the highest 14450 yuan / ton and the lowest 14245 yuan / ton within the day, closing at 14405 yuan / ton, unchanged from the closing price of the previous trading day; In the external market, LME aluminum rebounded at a low level, as of 15:00 Beijing time, 3-month Lun aluminum was reported at 1760 US dollars / ton, up 1.
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Shanghai copper is weak and volatile, and the market transaction is light
Time of Update: 2022-12-19
Shanghai copperIn terms of external trading, during the Asian session, London copper opened high, and the latest quotation at 15:00 Beijing time was 6081.
Shanghai copperIn terms of external trading, during the Asian session, London copper opened high, and the latest quotation at 15:00 Beijing time was 6081.
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PVC intraday contraction and position reduction, futures price shock fall
Time of Update: 2022-12-19
77 US dollars / ton, the import volume was reduced by 28.
77 US dollars / ton, the import volume was reduced by 28.
77 US dollars / ton, the import volume was reduced by 28.
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Shanghai copper runs at a low level and the overall transaction is limited
Time of Update: 2022-12-19
Shanghai copperDuring the Asian session, London copper trend is stronger, the latest quotation at 15:01 Beijing time is 6732 US dollars / ton, up 48.
Shanghai copperDuring the Asian session, London copper trend is stronger, the latest quotation at 15:01 Beijing time is 6732 US dollars / ton, up 48.
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High-priced source transactions are generally PVC market volatility sorting
Time of Update: 2022-12-19
PVCToday, the mainstream market price of the PVC market has been lowered, upstream production enterprises are affected by external factors, calcium carbide production enterprises have stable prices, and some ethylene method enterprises have been overhauled, resulting in a decrease in market supply, some enterprises have temporarily not quoted, and the wait-and-see atmosphere has intensified.
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After copper prices soared, the high consolidation still faced a certain degree of suppression
Time of Update: 2022-12-19
3% year-on-year to 253,097 tons, mainly due to the decline in Buenavista copper grade, and copper production in the first half of 2020 increased by 2.
3% year-on-year to 253,097 tons, mainly due to the decline in Buenavista copper grade, and copper production in the first half of 2020 increased by 2.
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PVC intraday volume increased position, futures price volatility higher
Time of Update: 2022-12-19
Summary: In late September, PVC social inventory rebounded slightly, PVC has new installations and production plans, and it is expected that the supply will gradually increase in the later period to form a certain suppression of prices.
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Rubber contracts continued to be volatile and futures prices closed slightly higher
Time of Update: 2022-12-19
In the downstream, the operating rate of the domestic tire market fell slightly month-on-month last week, and the rainy season had an impact on the domestic tire market in Shandong; At present, the volume of export orders has increased, but due to the many uncertainties in the foreign epidemic, the continuity of export sales growth is still difficult to determine.
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Rubber continues to fluctuate sideways, and it is difficult to destock during the peak supply season
Time of Update: 2022-12-19
On Monday, the rubber RU2009 contract increased its position and contracted, and the futures price closed lower.
On Monday, the rubber RU2009 contract increased its position and contracted, and the futures price closed lower.
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Shanghai rubber continued to fluctuate in a narrow range, and the fluctuation range was small
Time of Update: 2022-12-19
Shanghai rubberIn terms of spot, yesterday's quotation: the US dollar and Thai mixed quotation in August was around 1285, the RMB transaction rose slightly, and the basis strengthened slightly.
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The market bullish atmosphere is revived, and aluminum will remain strong and volatile in the short term
Time of Update: 2022-12-19
Period aluminumIn terms of external disk, Lun aluminum opened at 1592 US dollars / ton in the morning.
Period aluminumIn terms of external disk, Lun aluminum opened at 1592 US dollars / ton in the morning.
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Shanghai copper opened high and retreated, risk sentiment was suppressed
Time of Update: 2022-12-19
Market focus: (1) The Fed kept interest rates near zero and said it would continue to increase its holdings of bonds, aiming to buy $80 billion in Treasury bonds and $40 billion in mortgage-backed securities per month.
