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August 25 aluminum market morning review
Time of Update: 2022-12-25
Aluminum CityIn the morning, the spot market trading turned weak, the price rose, the downstream procurement strength weakened, and the trading between traders was acceptable, but the circulation was abundant, and there were more discounted transactions.
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Copper scrap is currently facing a low inventory pattern, and supply and demand are expected to continue to be tight
Time of Update: 2022-12-25
3% compared with December last year, and the import volume fell sharply; According to statistics, China's copper scrap production from January to May 2022 was 422,000 tons, a cumulative decrease of 17.
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PVC futures prices soared and fell back The actual market demand is general
Time of Update: 2022-12-25
At present, most of the domestic installations are operating normally, and the PVC social inventory is significantly higher than the same period of previous years; calcium carbide ex-factory price reduction, PVC profit repair; The start of downstream product enterprises increased slightly, and the year-on-year probability was lower than that of previous years; Social inventory continues to accumulate.
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Internal metals continued to fall, and Shanghai copper continued to show a lower market
Time of Update: 2022-12-25
Shanghai copperOn the macro front, Fed Chairman Jerome Powell reiterated at a House hearing that the commitment to fight inflation is unconditional.
Shanghai copperOn the macro front, Fed Chairman Jerome Powell reiterated at a House hearing that the commitment to fight inflation is unconditional.
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Shanghai aluminum has recently rebounded, but it is difficult to become a trend and the magnitude is limited
Time of Update: 2022-12-25
From the perspective of aluminum price trends, it is currently mainly affected by macro news, and it is expected that short-term Shanghai aluminum will still be strongly supported.
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Shanghai copper volatility weakened the overall trading performance of the market
Time of Update: 2022-12-25
Today's Shanghai copper shock weakened, the main month 2206 contract opened at 71470 yuan / ton, the highest intraday 71840 yuan / ton, the lowest 70850 yuan / ton, settled 71470 yuan / ton, closed 70880 yuan / ton, down 590 yuan, down 0.
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June 20 Copper Market Morning Review
Time of Update: 2022-12-25
Copper CityIn May, domestic refined copper output was 912,000 tons, an increase of 4.
Copper CityIn May, domestic refined copper output was 912,000 tons, an increase of 4.
In May, domestic refined copper output was 912,000 tons, an increase of 4.
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Market sentiment improves, and Shanghai copper will rebound to the bottom in the short term
Time of Update: 2022-12-25
Shanghai copperDuring the Asian session, London copper fluctuated downward, and the latest quotation at 15:01 Beijing time was 9276 US dollars / ton, down 60 US dollars, or 0.
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In the short term, it is difficult for demand to support copper prices to continue to rise
Time of Update: 2022-12-25
Shanghai copperDuring the Asian session, London copper was weak and volatile, and the latest quotation at 15:01 Beijing time was 9363 US dollars / ton, down 72 US dollars, or 0.
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Aluminum price rebound or enter the end The whole is treated with a bearish idea
Time of Update: 2022-12-25
At present, on the one hand, the Fed raised interest rates by 75 basis points in July, and the subsequent statement was relatively vague, leaving room for future market operations; On the other hand, the significant decline in bauxite imports in June may become the starting point for the decline in raw material costs.
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Aluminum prices return to weakness It is expected that short-term shock operation will occur
Time of Update: 2022-12-25
Aluminum pricesOverseas, the recent market rumors of a large number of Rusal ingots (100,000 tons) inflow, but no news of traders and terminal enterprises have received the source of goods, the market has not appeared a large number of Rusal ingots circulation, in the short term, the Shanghai ratio is low consolidation, the current overseas aluminum ingot imports are still losing around 2,000 yuan / ton, the import window is difficult to open in the short term.
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Global commodities under pressure Shanghai aluminum showed a high downward trend
Time of Update: 2022-12-25
Shanghai aluminumOvernight financial market sentiment remained pessimistic, aluminum prices, especially LME aluminum prices continued to fall, once fell below the $2,500 mark, Shanghai aluminum index last night intraday once fell to 19,450 yuan / ton, positions once increased by 23,700 lots, a sharp increase in positions downward, but the daily market by the rapid inventory and the impact of the bulk rebound, Shanghai aluminum rebounded, and finally the Shanghai aluminum index fell 275 yuan / ton to close down 1.
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Shanghai copper fluctuated slightly and the market traded very lightly
Time of Update: 2022-12-25
However, due to the current high level of copper concentrate port inventory, the supply of the mine end will not be too tight for the time being.
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PVC price adjustment is expected to continue to pay attention to the recovery of demand in the later period
Time of Update: 2022-12-25
Upstream enterprises plan to overhaul enterprises in mid-to-late May, and the industry operating load may be slightly reduced, but the short-term domestic demand side is difficult to significantly improve due to the epidemic and poor real estate data, and the fundamentals lack a strong unilateral drive, and it is expected to maintain the 8500-8800 range in the near future.
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June 17 London Copper afternoon review
Time of Update: 2022-12-25
stocks plunged again to approach the bear market, affected by the Federal Reserve's violent interest rate hike the next day, causing the Dow to lose 30,000 points, overnight London copper high retreated, the latest closing quotation of 9126 US dollars / ton, closed down 82 US dollars, down 0.
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Aluminum prices still have room to rise, but the height of the rise may be blocked
Time of Update: 2022-12-25
Aluminum pricesOn the macro front, non-ferrous metals are under pressure due to strong employment data in the United States, which is widely expected to announce a 50 basis point interest rate hike by the Federal Reserve on June 15.
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June 16 London Copper Afternoon Review
Time of Update: 2022-12-25
S. stocks higher, overnight London copper strong volatility, the latest closing quotation of 9208 US dollars / ton, closed up 60 US dollars, or 0.
S. stocks higher, overnight London copper strong volatility, the latest closing quotation of 9208 US dollars / ton, closed up 60 US dollars, or 0.
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Rubber plate price rebound, short-term maintenance of strong volatility
Time of Update: 2022-12-25
Short-term domestic futures prices showed a pattern of strong volatility against the background of further recovery in domestic demand and little supply pressure.
Short-term domestic futures prices showed a pattern of strong volatility against the background of further recovery in domestic demand and little supply pressure.
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August 5 London Copper Afternoon Review
Time of Update: 2022-12-25
London copperThe weakening of the dollar prompted short covering, helping to boost commodity prices and demand, and the copper shock recovered overnight, with the latest closing quotation of $7743 / ton, closing up $33, or 0.
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Shanghai aluminum short-term shock adjustment However, the medium-term price center of gravity still tends to move downward
Time of Update: 2022-12-25
Shanghai aluminumOverseas energy crisis is severe, last week Glencore said that Europe's energy crisis has posed a major threat to zinc supply, other smelters in Europe have hardly achieved profitability, triggering zinc prices soared, market panic also led aluminum prices to follow the upside, because aluminum production has not been substantially reduced, so after the mood eased, aluminum prices slightly corrected.
