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LME copper closed higher and the market waited for policy stimulus
Time of Update: 2022-12-18
Prices of industrial metals on the London Metal Exchange (LME) rose on Friday on expectations that the United States would launch an economic stimulus package to protect the world's largest economy from the coronavirus outbreak and China announced further economic measures.
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Affected by the uncertainty of the epidemic, the copper market may weaken
Time of Update: 2022-12-18
Overnight, London copper bottomed out, once fell below the 20-day moving average and then rebounded to close slightly higher, opening higher today at the 5-day moving average of $5238. Shanghai copper
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The trend of the May Day external market is weak, and the pressure on aluminum prices still exists
Time of Update: 2022-12-18
Aluminum pricesOn the demand side, Guangdong as the representative of the construction aluminum profile orders are abundant, close to full production, plate enterprises are helped by the medical device industry orders significantly increased, cable companies benefit from the State Grid project, orders are sufficient.
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Shanghai aluminum still has the risk of falling The current market sentiment is mainly affected
Time of Update: 2022-12-18
Lun aluminum was mainly affected by the intraday Shanghai aluminum drop limit, weakened sharply, and rebounded over-fell during the European session.
Lun aluminum was mainly affected by the intraday Shanghai aluminum drop limit, weakened sharply, and rebounded over-fell during the European session.
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The market concentrated on releasing panic and waiting for whether aluminum prices can stop falling and rise
Time of Update: 2022-12-18
Aluminum pricesThis week, the domestic epidemic tends to be stable and improving, but global surprises began to spread and hit the capital market hard, and global risk assets plummeted collectively.
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March 2 Shanghai copper afternoon review
Time of Update: 2022-12-18
Last week, the outbreak of the overseas epidemic caused market panic to spread again, and the stock market and commodities showed a collective sharp decline, with Shanghai copper falling below a new low of 44,080 yuan / ton on the first day after the Spring Festival on February 3.
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Shanghai copper stopped falling and rose, and the gains expanded in late trading
Time of Update: 2022-12-18
Shanghai copperExternally, Middle East oil producers began to show signs of tension, the United States or "at the right time" to intervene in the oil stalemate, oil prices soared, U.
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Non-ferrous sectors soared, copper prices continued their rally
Time of Update: 2022-12-18
Copper pricesIn the external market, the Asian market opened higher than $4941 / ton in the morning, as the global recession stimulus measures brought about by the epidemic continued, and the market worries caused by the release of the US non-farm payrolls data on Friday were eased, and copper prices rebounded.
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Aluminum prices rebound slightly after pullback It is expected that prices will be mainly volatile
Time of Update: 2022-12-18
At present, the big logic of electrolytic aluminum is still dragging down the global economy by the epidemic, and the excess situation of demand-affected industries remains unchanged, based on this judgment, it is not optimistic about the rebound brought by the improvement of sentiment in the stage.
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The epidemic continues to spread, and there is still room for Shanghai copper to explore downward
Time of Update: 2022-12-18
On Wednesday, the main contract of Shanghai copper 2005 opened at 41600 yuan / ton in the morning, and the main force of Shanghai copper almost did not fluctuate during the morning trading session, an
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Copper prices fluctuated at a high level, and the long-term weak trend is difficult to reverse for the time being
Time of Update: 2022-12-18
Copper pricesRecently, the impact of the epidemic on the economy has begun to be reflected in the economic data of overseas countries, the number of unemployed in the United States has soared, and the European waiter PMI is close to halping, but the domestic manufacturing PMI has risen to 52%, coupled with the RRR reduction stimulus, which has played a certain role in boosting market confidence.
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Market uncertainty is still large, and copper prices may rise and fall sharply
Time of Update: 2022-12-18
Copper pricesIn terms of news, the US Markit manufacturing PMI in March was 48.
Copper pricesIn terms of news, the US Markit manufacturing PMI in March was 48.
Copper pricesIn terms of news, the US Markit manufacturing PMI in March was 48.
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The uncertainty of the epidemic situation increased, and the main shock of aluminum fell slightly
Time of Update: 2022-12-18
In terms of spot, a large household did not announce the procurement plan within the day, lack of this part of participation, the market aluminum ingot spot supply is loose, the holder shipment is very active, in comparison, the buyer's strength is not enough, the downstream intraday receipt is flat, there is no obvious bright spot.
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The long-short game intensified, and the center of gravity of aluminum continued to decline
Time of Update: 2022-12-18
The impact of the Fed's interest rate cut was gradually digested by the market, and the US index fell in tandem with nonferrous metals under the influence of the epidemic, and it is expected that Lun Aluminum will remain weak in the evening, and there is a possibility of further falling below the 10-day moving average.
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Downstream demand recovered relatively quickly, and Shanghai aluminum shocks rose slightly
Time of Update: 2022-12-18
During the day, a large household carried out the procurement plan normally, the cargo holders were more active, some middlemen needed to pay long orders and normal resale trade needs, the receipt of goods was acceptable, the trading of both sides was more active, and the market transaction atmosphere fell after 11:00, and the number of shippers increased significantly.
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Market confidence repaired The main force of Shanghai copper opened high and continued to rise
Time of Update: 2022-12-18
The main 2004 contract of Shanghai copper opened high and continued to rise, with the highest of 44,760 yuan / ton and the lowest of 44,080 yuan / ton during the day, and the closing price of 44,540 yuan / ton, up 1.
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The main copper force gap opened low, and the overall performance of the market was cautious
Time of Update: 2022-12-18
Copper periodExternally, Apanlon copper opened at 5155 US dollars / ton, after the opening price rose to 5182 US dollars / ton in the short term, dragged down by the collapse of crude oil overnight, copper prices fell below the daily moving average, the center of gravity quickly moved down to around 5110 US dollars / ton, and maintained a narrow range of 5100-5110 US dollars shock consolidation.
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PVC volatility is lower The market is still oversupplied
Time of Update: 2022-12-18
And the operating rate of PVC production enterprises has rebounded, and social inventory is still high, indicating that the market is still oversupplied.
And the operating rate of PVC production enterprises has rebounded, and social inventory is still high, indicating that the market is still oversupplied.
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Rubber contracts opened low and fluctuated, and futures prices closed slightly lower
Time of Update: 2022-12-18
On Wednesday, the rubber RU2005 contract opened low and volatile, and the futures price closed slightly lower.
On Wednesday, the rubber RU2005 contract opened low and volatile, and the futures price closed slightly lower.
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Rubber positions were reduced, and the futures price was volatile and closed down
Time of Update: 2022-12-18
On Thursday, the rubber RU2005 contract reduced its position and tested down, and the futures price closed lower.
On Thursday, the rubber RU2005 contract reduced its position and tested down, and the futures price closed lower.
