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International oil prices collapsed and copper prices fell under pressure
Time of Update: 2022-12-18
S. crude oil futures May contract fell to negative territory for the first time in history, overnight London copper rushed back down, the latest closing quotation of 5174 US dollars / ton, down 36 US dollars, down 0.
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Weak spot consumption at the end of the month Copper trend was weak
Time of Update: 2022-12-18
Copper periodExternally, the Asian morning London copper opened lower at $4,766 / ton, as the US stock market fell again on Friday night, the Dow closed down 900 points, indicating that the market is concerned about the impact of the epidemic on the effectiveness of stimulus policies.
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Liansu oscillated higher, and once touched the upper limit during the session
Time of Update: 2022-12-18
Continuous plasticNews: Shenhua Coal Chemical linear intraday bidding volume of 900 tons, trading volume of 430 tons, transaction rate of 47.
News: Shenhua Coal Chemical linear intraday bidding volume of 900 tons, trading volume of 430 tons, transaction rate of 47.
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February 21 aluminum market morning review
Time of Update: 2022-12-18
The overall transaction of the domestic morning spot market has not improved significantly, the middlemen receive goods with interest, the downstream start is picking up slowly, and the mainstream transaction price in Shanghai is around 13,600 yuan / ton, which is about 60 discount to futures.
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May 3 Copper Market Brief Review
Time of Update: 2022-12-18
On the last day of April, the main force of Shanghai copper jumped high at 42,780 yuan / ton in the morning, and just opened long flat into suppressing copper prices to the lowest point of the day at 42,650 yuan / ton.
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Weak fundamentals are likely to continue PVC short-term supply and demand coexist
Time of Update: 2022-12-18
The weakness of fundamentals (high probability to last until March-April) and the game of macro bullish expectations will make PVC prices swing back and forth in the stage.
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Copper returns to the low level and returns above the daily moving average
Time of Update: 2022-12-18
Copper periodIn terms of the external market, the Asian market opened at 5712 US dollars / ton in the morning, after the opening, due to the global spread of the virus epidemic, causing panic in the financial market, gold reached a new high, and U.
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Aluminum prices continue to fluctuate and prices have limited downward space
Time of Update: 2022-12-18
At present, the electrolytic aluminum industry has suffered a large loss, and the price downward space is limited, but the rebound momentum under the weak external demand is also small, and the short-term is expected to fluctuate more, and it is recommended that investors wait and see.
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The main contract of Shanghai aluminum opened low and continued to fall, and the willingness of the market to stock up was not strong
Time of Update: 2022-12-18
Shanghai aluminumMarket focus: (1) The People's Bank of China carried out a 200 billion yuan medium-term lending facility (MLF) operation and a 100 billion yuan 7-day reverse repurchase operation, of which the winning interest rate of the MLF operation was reduced by 10 basis points.
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March 30 Lun aluminum afternoon review
Time of Update: 2022-12-18
Lun aluminumWith the Fed's unlimited easing policy, dollar liquidity has eased, the US index fell to a two-week low for four consecutive trading days, and the next week London aluminum was strongly volatile, the latest closing quotation of 1553 US dollars / ton, up 13 US dollars, or 0.
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Insufficient upward momentum Copper prices performed poorly compared with the previous period
Time of Update: 2022-12-18
Morning market holders are strong in sublimation shipments, spot push up the quotation premium 180 ~ premium 200 yuan / ton, flat water copper in the premium 180 yuan / ton line after a short small transaction will fall at 170 yuan / ton, the transaction is acceptable, good copper transaction and no improvement adjustment to 180 ~ 190 yuan / ton; The downstream maintains rigid demand, and the wet copper is adjusted to 140 ~ 150 yuan / ton.
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April 14 London Copper Afternoon Review
Time of Update: 2022-12-18
Lockdown measures in copper producing countries such as Peru cut supply or interrupt logistics, domestic copper inventories continued to decline, and signs of demand recovery supported prices, and there was no obvious negative in the macro area, and copper is expected to continue to rise today.
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Copper prices rose slightly, and the short-term volatility was still strong
Time of Update: 2022-12-18
Copper pricesIn the external market, LME copper rebounded from its low level in March this week, rising to a new stage high of $5295 at the end of the week, closing at $5280.
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Liansu weak drop limit Market worries are rising
Time of Update: 2022-12-18
Continuous plasticNews: Shenhua coal chemical linear intraday auction volume 1046 tons, trading volume 0 tons, transaction rate 0%, high-pressure auction 448 tons, trading volume 0 tons, transaction rate 0%, low-pressure auction 432 tons, transaction 0 tons, transaction rate 0%, Xinjiang high-pressure auction 100 tons, transaction 0 tons, transaction rate 0%.
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April 9 Lun aluminum afternoon review
Time of Update: 2022-12-18
Lun aluminumAluminum inventories in LME registered warehouses are increasing, up 25% from mid-March, consolidating expectations of a large oversupply this year, Citi expects an excess of 2.
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The copper main force opens high and upwards near the impact pressure level
Time of Update: 2022-12-18
On Thursday, the main Shanghai copper opened high to the upside, impacting near the pressure level, and the Shanghai copper main 2006 contract closed at 42940 (+370, +0. 87%) as of the day 。 At presen
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The main force of Shanghai aluminum opened low and rebounded, and the upward momentum was weak
Time of Update: 2022-12-18
On Wednesday, the main 2006 contract of Shanghai aluminum opened low and rebounded, with the highest 11645 yuan / ton and the lowest 11515 yuan / ton within the day, closing at 11620 yuan / ton, unchanged from the closing price of the previous trading day; As of 15:00 Beijing time, 3-month Lun aluminum was reported at $1480.
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PVC opens low and goes low, tight supply or support prices
Time of Update: 2022-12-18
PVCNews: Ordos Phase II 200,000 tons of trial production is planned to be officially put into operation in April, Hebei Shenghua, Yidong Dongxing, Yangmei Xiyang, Yunnan Nanphos, Yanhu Haina, Salt Lake Magnesium Industry ethylene method, Sanlian part of the plant stopped.
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Inventories continue to accumulate, and copper main forces open and fall in the future
Time of Update: 2022-12-18
On Wednesday, the main 2004 copper contract in Shanghai opened low and continued to fall, with the highest 45,770 yuan / ton and the lowest 45,570 yuan / ton during the day, and the closing price was 45,630 yuan / ton, down 0.
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Fundamentals lack of momentum Copper upside into the end
Time of Update: 2022-12-18
After the completion of the project, China Nonferrous Metal Group's domestic cathode copper production capacity will reach 1 million tons, entering the leading ranks of the global copper industry.
