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March 5 aluminum market afternoon review
Time of Update: 2022-12-18
The activity of the market in early trading has increased, with the initial transaction price at 13,060 yuan / ton, and some low prices around 13,050 yuan / ton; After the end of the suspension, futures rebounded and turned red, market acceptance and procurement increased, holders continued to raise their quotations, the transaction price rose from 13060 yuan / ton to 13090 yuan / ton, and the spot price difference between Guangdong and Shanghai remained near Pingshui.
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Recently affected by the epidemic, the overall weak operation of rubber
Time of Update: 2022-12-18
rubberSome analysts believe that although Chairman Powell said that the emergency rate cut is one of the countermeasures to the negative impact of the new coronavirus on the economy, some market analysts believe that the recent shortage of US dollar liquidity and the sharp fluctuations in the securities market are the main reasons for the Fed's decision.
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Even plastic exploration low recovery market demand has not fully recovered
Time of Update: 2022-12-18
Continuous plasticNews: Shenhua Coal Chemical linear intraday bidding volume of 1100 tons, trading volume of 456 tons, transaction rate of 41.
Continuous plasticNews: Shenhua Coal Chemical linear intraday bidding volume of 1100 tons, trading volume of 456 tons, transaction rate of 41.
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Downstream demand is sluggish PVC main narrow finishing
Time of Update: 2022-12-18
However, the operating rate of PVC manufacturers has rebounded, and the market supply is still increasing, although PVC downstream product enterprises have begun to resume work one after another.
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Accumulation continues to put pressure on aluminum prices under pressure
Time of Update: 2022-12-18
Shanghai aluminum opened at 13715 yuan / ton in the morning on Wednesday, the beginning of the session continued the previous day's running trajectory to maintain range fluctuations, because did not s
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Shanghai aluminum rose slightly, and the short-term rebound could not be followed
Time of Update: 2022-12-18
Shanghai aluminumWith the stabilization of overseas stock markets and strong policy stimulus in various countries, macro sentiment has warmed up, stock markets in various countries have returned to a technical bull market, and the conclusion of the OPEC+ phase one production reduction agreement has also made oil prices predictable in the later stage, and the metal sector has also rebounded with short-term stability.
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Copper market demand accelerates recovery The consumption season in the second quarter is still expected
Time of Update: 2022-12-18
In February, the resumption of work of copper enterprises was delayed, the arrival of personnel was insufficient, terminal demand was weak, and the lack of orders led to the operating rate of copper enterprises being significantly lower than the level of previous years.
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Rubber contracts range-bound futures prices closed slightly lower
Time of Update: 2022-12-18
Summary: From the current fundamental point of view, Yunnan and Hainan production areas sporadical cutting, new rubber production is less, raw material prices temporarily maintain a stable state, it is expected that the overall large-scale cutting will be in mid-May, the phenology of Thai production areas is more normal, under government subsidies, the later supply is more stable.
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The main force of aluminum fell sharply, and the short-term shock is expected to be weak
Time of Update: 2022-12-18
451 million tons, a year-on-year decrease of 13%; the output of electrolytic aluminum was 5.
451 million tons, a year-on-year decrease of 13%; the output of electrolytic aluminum was 5.
451 million tons, a year-on-year decrease of 13%; the output of electrolytic aluminum was 5.
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Demand is expected to improve, and the main force of Shanghai aluminum opened low and rebounded
Time of Update: 2022-12-18
With the fall of aluminum futures, the quotation of the holder has also been reduced, but the transaction is general, although the subsequent aluminum has rebounded slightly, but the transaction price of the two sides has not been significantly raised, the overall transaction of the intraday market is relatively light, the transaction is still dominated by the shipment of the holder, the middleman receives the goods more generally, and the transaction between the two sides is flat.
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Shanghai aluminum has continued to rise recently, and adjustment risks are not ruled out
Time of Update: 2022-12-18
Shanghai aluminumIn terms of external trading, the beginning of the week coincided with the domestic May Day holiday and the market was closed, and there was a lack of guidance; Although the foreign epidemic situation is still grim, the economic stimulus control policy is favorable, easing the market panic, the short-term macro overall atmosphere tends to ease, the stable trend of aluminum shock continues, continue to pay attention to the 1460-1520 range shock.
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Market transaction heat fell back The main force of Shanghai aluminum fell sharply
Time of Update: 2022-12-18
In terms of spot, a large household announced some purchase notices in the morning, and the holders were actively shipping to it, but after its harvest was completed, the market transaction heat fell, because the supply of goods was loose and unchanged, and a small amount of goods were stocked downstream within the day.
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The main shock of Shanghai aluminum rose slightly, and the overall market received flat goods
Time of Update: 2022-12-18
Market focus: On the morning of the 10th, Xi Jinping arrived in Wuhan to inspect the prevention and control of the new crown pneumonia epidemic.
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PVC main shock lower The overall operating rate of the market is still not high
Time of Update: 2022-12-18
PVCNews: Due to the rapid development of the epidemic, most regions of the world began to reduce procurement, according to downstream customer feedback, foreign trade orders in April fell significantly, non-medical products exports in April and May are expected to show a significant year-on-year reduction, concentrated in PVC soft products, flooring materials and other fields.
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The main force of Shanghai copper opened low and continued to fall, and the short-term shock was weak
Time of Update: 2022-12-18
On Tuesday, the main 2006 contract of Shanghai copper opened low and continued to fall, with the highest 43450 yuan / ton in the day, the lowest 43040 yuan / ton, and the closing price of 43040 yuan / ton, down 1.
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Demand has not fully recovered and the continuous plastic shock has declined
Time of Update: 2022-12-18
Summary: The accelerated spread of the overseas epidemic has caused market panic, the absolute value of the domestic two barrels of oil and petrochemical inventory is still high, indicating that downstream demand has not fully recovered, crude oil is running weakly, and Shenhua online auction trading volume is still in the historical low area, which suppresses the price of polyethylene to a certain extent.
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Market risk appetite cooled and copper prices fell slightly
Time of Update: 2022-12-18
Copper pricesIn the external market, the Apanlon copper gap opened low at 5199 US dollars / ton, and after the opening, it was suppressed by the bears to the lowest point of the day of 5189 US dollars / ton, and then the copper price bottomed out, maintaining a volatile upward trend during the day, touching the highest point of the day at 5240 US dollars / ton at the end of the Asian session.
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Destocking continues There is still support at the bottom of Shanghai aluminum
Time of Update: 2022-12-18
Shanghai aluminumIn the external market, Lun aluminum rushed back down, and the LME three-month aluminum was reported at 1504 US dollars / ton at 15:00 Beijing time, unchanged from the settlement price of the previous trading day.
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Shanghai aluminum trend is strong, there is still pressure above
Time of Update: 2022-12-18
Shanghai aluminumIn the external market, today's London aluminum is strongly volatile, LME three-month aluminum Beijing time at 15:00 at 1510.
Shanghai aluminumIn the external market, today's London aluminum is strongly volatile, LME three-month aluminum Beijing time at 15:00 at 1510.
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Affected by short-term supply obstructions, LME copper stabilized at a nearly four-year low
Time of Update: 2022-12-18
According to news, London Metal Exchange (LME) copper futures stabilized at a nearly four-year low on Friday, as supply disruptions caused by mine shutdowns and shipment disruptions began to offset the huge impact of the new crown epidemic on demand.
