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Shanghai copper afternoon review on April 7
Time of Update: 2022-12-18
Shanghai copperIn response to the global recession stimulus measures brought about by the epidemic, the Japanese government prepared to launch a $990 billion economic stimulus plan on Monday, as market concerns about the release of the US non-farm payrolls data on Friday were eased, and copper prices rebounded slightly yesterday.
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Risk aversion picks up again Copper prices lack upward momentum
Time of Update: 2022-12-18
Monday is a UK bank holiday, and the LME is closed. On Monday, the main force of Shanghai copper opened at 43570 yuan / ton in the morning, after the opening of the short entry to pressure copper pric
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Aluminum shock fell back and the market performance was light
Time of Update: 2022-12-18
In terms of external trading, London aluminum opened at $1520 / ton in the morning on Thursday.
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April 1 London Copper Afternoon Review
Time of Update: 2022-12-18
London copperLast night, the external market had a large increase, mainly because the release of China's PMI data in the morning was better than expected, indicating that domestic demand recovered faster, which gave a strong boost to market confidence, and copper prices touched as high as $4971 / ton in the evening.
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Shanghai aluminum afternoon review on March 3
Time of Update: 2022-12-18
Domestic electrolytic aluminum inventory continues to accumulate, aluminum downstream consumption has not yet seen a significant improvement, macro view of the domestic epidemic has improved, but still to be released by favorable stimulus policies to encourage sentiment, so Shanghai aluminum short-term is still weak shock mainly, it is expected that today's Shanghai aluminum main 2004 contract running at 13050-13300 yuan / ton, spot pair in the month in the discount 90-70 yuan / ton nearby.
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The rebound of Liansu was blocked, and the price retreated
Time of Update: 2022-12-18
Summary: The postponement of the OPEC+ meeting may cause market concerns about whether oil-producing countries can reach a joint production reduction agreement, and the absolute value of domestic two barrels of oil and petrochemical inventories is still high, indicating that downstream demand has not fully recovered, forming a certain suppression of prices, and Shenhua's online auction volume has declined, indicating that the willingness of the middle and downstream to receive goods at high prices is not strong.
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March 24 aluminum market afternoon review
Time of Update: 2022-12-18
Aluminum market afternoon comment: global industrial activity slowdown weakened metal demand, overnight Lun aluminum continued to close down $17, domestic and foreign smelting industry is now reducing
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Weak demand and a strong dollar Copper prices remain under pressure
Time of Update: 2022-12-18
Copper pricesOn the macro front, since the fourth quarter of 2019, the market has strong expectations for the recovery of China and the Eurozone, China's official PMI has been above the 50 boom and bust line for three consecutive months, and the Eurozone manufacturing PMI has stopped falling and rebounded and gradually approached the boom and bust line.
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April 21 Copper Market Brief Review
Time of Update: 2022-12-18
Today's Shanghai copper opened low and went low, the main month 2006 contract opened at 41860 yuan / ton, the highest intraday 42160 yuan / ton, the lowest 41400 yuan / ton, settled 41710 yuan / ton, closed 41440 yuan / ton, down 960 yuan, down 2.
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April 3 aluminum market morning review
Time of Update: 2022-12-18
At present, domestic consumption continues to rise, but market sentiment is dominated by the overseas new crown epidemic, and the sharp fluctuation of crude oil prices has also intensified.
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March 4 Shanghai copper afternoon review
Time of Update: 2022-12-18
Shanghai copperCopper prices fell last night mainly because investors were still uneasy about the impact of public health events on the economy, and the surge in confirmed data overseas, especially in countries such as South Korea and Italy, once again raised market concerns, and 10-year and 30-year US Treasury yields hit record locations, indicating that the market is worried about a continued economic slowdown or even recession.
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Continuous plastic shock recovery investors should wait and see for the time being
Time of Update: 2022-12-18
Continuous plasticNews: Shenhua coal chemical linear intraday auction volume 946 tons, trading volume 120 tons, transaction rate 12.
Continuous plasticNews: Shenhua coal chemical linear intraday auction volume 946 tons, trading volume 120 tons, transaction rate 12.
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March 9 aluminum market morning review
Time of Update: 2022-12-18
After the long-short game intensified, the fluctuation of Shanghai aluminum narrowed, the shock closed at 13175 yuan / ton, the center of gravity continued to fall for 4 consecutive days, and the weekly K line closed at the doji.
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Shanghai copper afternoon review on February 21
Time of Update: 2022-12-18
Shanghai copperAt present, most downstream copper processing enterprises have resumed work, and production has gradually recovered compared with last week, but it still faces problems such as logistics obstacles and the accumulation of finished and semi-finished product inventory, and it will take some time for fundamental repair.
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Brief review of the aluminum market on April 20
Time of Update: 2022-12-18
The global epidemic has impacted the demand of the real economy, and the medium- and long-term demand for electrolytic aluminum is facing sharp downward pressure; Strong short-term replenishment demand has made spot supply tight and premium strong, and prices are expected to remain strong.
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May 12 aluminum market morning review
Time of Update: 2022-12-18
Shanghai aluminum continued to be strong, as of the close of 3 pm on Monday, the main 2007 contract of Shanghai aluminum closed up at 12535, up 130, or 1. 05%; Overnight aluminum prices fluctuated rep
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PVC oscillation is lower and the pressure above is still large
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 opened high and fluctuated, and the futures price closed slightly lower
Time of Update: 2022-12-18
In the downstream, the recent start of domestic semi-steel tire manufacturers fell slightly again, and the export market shipments are still sluggish, in order to control the inventory of finished products, some enterprises appropriately reduce the start of work; The start of all-steel manufacturers remained stable, and some enterprises had holiday plans due to the "May Day" holiday and moderately increased production.
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March 10 aluminum market morning review
Time of Update: 2022-12-18
There is some support around 13000 below the short-term Shanghai aluminum, but the demand side is poor, the upward space of aluminum prices is insufficient, the rebound space is limited, and the pressure around 13500 above is strong, which may continue the weak shock, and it is not suitable to bottom for the time being.
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Market sentiment picked up and aluminum prices rebounded weakly
Time of Update: 2022-12-18
Nonferrous overall following risk point to standard copper, and aluminum due to the relatively large proportion of exports, the recent overseas automotive industry interference on aluminum fundamentals to form a new bearish, the current electrolytic aluminum industry has a large loss, we believe that the price downward space is limited, not suitable for short chasing, but the rebound momentum under the weak external demand is also small, it is recommended that investors wait and see.
