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Inner metal closed down across the board, and Shanghai copper fell in shock
Time of Update: 2022-12-25
Therefore, copper prices may remain volatile until the Fed's interest rate decision in May. Inside metals closed down across the board yesterday, Shanghai copper fell nearly 2%, and outside metals, London Metal Exchange (LME) industrial metals tumbled on Monday, concerns about demand from China, the largest consumer, triggered a sell-off, exacerbated by expectations of sharp interest rate hikes in the United States and a sharp rise in the dollar, with London copper falling 2.
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The copper market rebounded in shock but there is no long-term support for fundamentals
Time of Update: 2022-12-25
Copper CityOn the macro front, the ECB raised interest rates by 50 basis points, higher than the expected 25 points; After the Fed raised interest rates by 75-100 basis points, the market re-expected the Fed to raise interest rates by 75 basis points, and then the Fed interest rate meeting landed, making the dollar have a considerable correction.
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Shanghai copper low opening volatility short-term downside risks
Time of Update: 2022-12-25
Domestic copper concentrate port inventories rose again to 983,000 tons, up 15,000 tons from the previous week, still in a high position, and the supply of the mine end is still loose, the demand in the off-season is not good, downstream buyers and sellers still maintain a cautious trading sentiment, and there are large differences between the two sides, continuing to maintain a deadlock, and copper is expected to continue to fall.
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July 29 Lun aluminum afternoon review
Time of Update: 2022-12-25
S. stocks rebounded investors' risk appetite improved, and Lun Aluminum closed up 1.
S. stocks rebounded investors' risk appetite improved, and Lun Aluminum closed up 1.
S. stocks rebounded investors' risk appetite improved, and Lun Aluminum closed up 1.
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The pessimistic atmosphere has eased and Shanghai copper rebounded from a low level
Time of Update: 2022-12-25
In terms of the market, Shanghai Metal Network 1# electrolytic copper quotation 59200-60000 yuan / ton, the average price of 59600 yuan / ton, up 1000 yuan / ton from the previous trading day, the 2207 contract up 60-90 yuan / ton.
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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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July 8 aluminum market noon comment
Time of Update: 2022-12-25
Aluminum CityCrude oil rose sharply overnight, and Lun aluminum opened high and rose nearly 2% to close in Zhongyang, opening slightly higher at $2458 today.
Crude oil rose sharply overnight, and Lun aluminum opened high and rose nearly 2% to close in Zhongyang, opening slightly higher at $2458 today.
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PVC fundamentals have not changed much, and terminal demand is still weak
Time of Update: 2022-12-25
9, PVC prices are weak and volatile, the recent PVC fundamentals have not changed much, terminal demand is still weak, superimposed on the epidemic in some areas, the demand side is difficult to recover in the short term, although the raw material end gives PVC price support but social inventory still continues to be high, overall short-term market news is calm.
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Shanghai copper intraday low volatility downstream transactions are relatively average
Time of Update: 2022-12-25
At present, the market tightening expectations have risen again, the focus is that the US inflation data in August exceeded market expectations, further strengthening the Fed's probability of raising interest rates by 100BP in September soared to 50%, copper prices rushed higher, domestic spot supply eased and premium fell weakened price support, and downstream transactions were relatively general, the willingness to chase higher was significantly weakened, and copper was expected to fall.
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Shanghai copper is expected to show a strong pattern again
Time of Update: 2022-12-25
Overall, the current epidemic has continued to weaken the pattern of supply and demand, but this situation will change in the next June and July as the smelting overhaul ends and the impact of the epidemic fades.
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Rubber prices stop falling and rebound, mainly short-term temporary wait-and-see
Time of Update: 2022-12-25
Yesterday's rubber price stopped falling and rebounded, NR early performance was weak and yesterday's performance was relatively strong, RU and NR strength transformation or related to the previous short NR more RU arbitrage position liquidation, therefore, the futures market presents a reduction rebound, RU accompanied by the reduction of net short positions, short-term short pressure or a slight slowdown.
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Macro bearish factors accumulated, and aluminum prices soared and fell
Time of Update: 2022-12-25
Last week, aluminum prices soared and retreated. In early June, Shanghai was unblocked, after the Dragon Boat Festival, enterprises resumed work and production, and economic boosting measures also con
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Copper price low shock finishing repair The rebound height is limited
Time of Update: 2022-12-25
However, the bearish factors are still there, the domestic off-season effect is obvious, the spot contradiction is not prominent, and the overall macro sentiment fluctuates, thus continuing to look at the bearish idea, and the low shock of copper prices during the week is sorted out and repaired.
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Under the weak supply and demand drive, rubber prices continued to fluctuate at a low level
Time of Update: 2022-12-25
The situation of low domestic inventory is maintained, which still has a supporting effect on the price of rubber, and at the same time, the current price of RU's main contract has fallen below the cost of Yunnan glue, and the short-term downside will also be limited before seeing a sharp decline in raw materials.
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After the Dragon Boat Festival, demand tends to be slightly better, and Shanghai copper shocks rise slightly
Time of Update: 2022-12-25
Shanghai copperOn the macro front, the current Fed interest rate meeting is approaching, the US dollar and US bond yields are showing a higher trend, which makes the external non-ferrous prices under pressure to a certain extent, but on the other hand, the current persistently high inflation and the continued strength of crude oil prices also have a supportive effect on copper varieties, pay attention to the results of the eurozone central bank interest rate decision.
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Shanghai copper low opening volatility market trading atmosphere performance is average
Time of Update: 2022-12-25
China's June manufacturing data may recover, market sentiment has improved, but still not as good as the risk of external recession and tightening circulation expectations, the trend of Shanghai copper is still weakening during the day, spot copper prices temporarily stabilized.
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The supply side is still putting pressure on aluminum prices, and further upward momentum is insufficient
Time of Update: 2022-12-25
In terms of price, low inventory and marginal cost support below aluminum prices, the recent energy crisis and aluminum plant accidents have stimulated prices, but long-term supply pressure and consumption has not improved to a certain extent on the price rebound height, it is recommended to be short-term neutral treatment, need to pay attention to the impact of macro on market sentiment.
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Nonferrous macro picked up, and aluminum prices maintained a wide range of volatility
Time of Update: 2022-12-25
Demand: Consumption in the off-season is weak, there are high temperature power rationing problems in Jiangsu, Zhejiang, Sichuan-Chongqing and other places, and the operating rate of SMM's downstream leading processing enterprises this month increased by 0.
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August 17 Copper Market Morning Review
Time of Update: 2022-12-25
Copper CityAccording to SMM research, Zhejiang and Anhui smelters are currently reducing production due to power cuts, which will put pressure on the expected growth of electrolytic copper production in August, in the context of the current low domestic copper inventory, supply disturbances have some support for copper prices, last week's copper stocks increased by 7,043 tons to 41,800 tons.
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Shanghai copper's short-term performance is strong, beware of opening high and going low
Time of Update: 2022-12-25
Shanghai copperIn the spot market, the enthusiasm of the downstream to enter the market before the Dragon Boat Festival is not high, the willingness to stock is weak, cautious to buy at the dip just need to replenish the stock, the holders continue to adjust prices, and the trading of the two sides is still deadlocked.