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Market sentiment turned pessimistic again, and Shanghai aluminum gaped low to open downward
Time of Update: 2022-12-25
Shanghai aluminumThe latest economic data released in the United States is not good, and yesterday after the Fed raised interest rates by 75bps, major central banks also began to raise interest rates in a big way, this approach to inflation caused the market to worry about global economic growth, triggered the stock market sell-off, overnight the three major stock indexes of U.
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Supported by macro expectations, the PVC futures market rebounded in the short term
Time of Update: 2022-12-25
PVCOn the macro front, wide credit and stable growth this year are the main tone of the domestic economy, and GDP growth is set at the level of 5.
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Shanghai aluminum is mainly in the short and medium term or wide range
Time of Update: 2022-12-25
Shanghai aluminumToday's London aluminum volatility trend, LME three-month Beijing time at 15:01 at 2474 US dollars / ton, up 2 US dollars from the previous trading day's settlement price, an increase of 0.
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Macro sentiment is intertwined with strong sorting out of Shanghai copper
Time of Update: 2022-12-25
Overall, macro sentiment is intertwined, and although the dollar index jumped to a one-month high weighing on metals, the surge in oil prices relatively offset the strong dollar suppression, so Shanghai copper performed strongly this week and continued to hover around 10,000.
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The market transaction is not good, and Shanghai aluminum is under pressure to fall
Time of Update: 2022-12-25
At present, domestic aluminum prices are dragged down by macro pressure and poor domestic spot transactions, and consumption may improve under policy support, and in the medium and long term due to continuous pressure on the supply side, prices may shift downward.
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Lack of substantial benefits to boost Shanghai aluminum short-term upward action is insufficient
Time of Update: 2022-12-25
Shanghai aluminumOn the macro front, the US inflation data in July was lower than expected, and the Fed continued to aggressively raise interest rates in anticipation of weakening, which is positive for non-ferrous metals, but inflation is still at a high level.
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Aluminum prices continue to probe the bottom and pay attention to the recovery of demand in the later period
Time of Update: 2022-12-25
Today's Lun aluminum is running weakly, and the LME was reported at $2433 / ton at 15:01 Beijing time for three months, down $57, or 2.
77% month-on-month and a year-on-year decrease of 4.
77% month-on-month and a year-on-year decrease of 4.
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June 9 copper market morning review
Time of Update: 2022-12-25
Copper CityInventories in the LME and the previous period continued to decline.
Copper CityInventories in the LME and the previous period continued to decline.
Inventories in the LME and the previous period continued to decline.
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Brief review of Shanghai copper on August 8
Time of Update: 2022-12-25
Shanghai copperOn the demand side, domestic infrastructure projects have started intensively, the amount of power grid investment is considerable, and with the introduction of the national policy of guaranteeing the delivery of buildings, the market's concerns about the real estate industry have eased in the early stage.
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Aluminum prices are weak and pay attention to the subsequent development of the epidemic
Time of Update: 2022-12-25
Aluminum pricesThe recent outbreak of repeated pledging incidents may implicate more trade pledge compliance issues or trigger more spot disputes, causing market concerns in the short term.
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Shanghai copper stops falling and rebounds But the strength of the dollar weighed on prices
Time of Update: 2022-12-25
In terms of the market, data show that the average price of spot 1# copper in the Yangtze River on May 10 was 72120 yuan / ton, down 480 yuan / ton from the previous month; Premiums 180-220, down 100 yuan/ton month-on-month.
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Rubber futures are running strongly, and downstream demand still shows no signs of improvement
Time of Update: 2022-12-25
rubberAlthough the demand for the domestic downstream car market improved in June and July, the preferential policy of halving the purchase tax of passenger cars introduced by the state at the end of May began to show signs of diminishing marginal effect, and it remains to be seen whether the future market can continue to exert force under the "golden nine silver ten".
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Futures range volatility PVC market atmosphere is acceptable
Time of Update: 2022-12-25
There are not many maintenance plans in July, and we will pay attention to unplanned new maintenance; weakening of exports; The market rebounded yesterday and the transaction improved slightly; calcium carbide stabilized, PVC end loss, caustic soda profit is good but weakened, cost support is not strong, spot 6840, supply and demand continue to loose in the later period.
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PVC prices operate in a narrow range It is recommended to wait and see
Time of Update: 2022-12-25
The market expects the probability of a 75 basis point rate hike by the Fed in September to rise; PVC fundamentals have improved slightly in the short term, but social stocks are still high; Some devices on the supply side have unexpectedly stopped and the start time is uncertain; Although the spot price rose slightly, the transaction follow-up was not good.
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Rubber demand is expected to improve and is expected to maintain a strong trend in the short term
Time of Update: 2022-12-25
rubberNR main closing price 11245 (+70) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1687.
NR main closing price 11245 (+70) yuan / ton, Qingdao Free Trade Zone Thai standard rubber 1687.
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Aluminum prices are strong or difficult to sustain, and the actual consumption of the market is weak and will not change
Time of Update: 2022-12-25
Aluminum pricesShort-term large-scale production cuts have eased supply pressures, and there is an expectation of tight supply during peak seasons.
Short-term large-scale production cuts have eased supply pressures, and there is an expectation of tight supply during peak seasons.
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Under the background of multiple bearishness, Shanghai copper continues to be weak and unchanged
Time of Update: 2022-12-25
Shanghai copperIn terms of spot, the average price of spot 1# copper in the Yangtze River on July 13 was 56660-56700 yuan / ton, down 1970 yuan / ton; Liter 260-liter 300, closing up 40 yuan / ton.
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The strong operation of Shanghai copper was supported by lower inventories
Time of Update: 2022-12-25
8% in April to 420,000 tons, the overall inventory is low, and the domestic intensive implementation of easing policies, of which automobile consumption is highlighted, a new round of new energy vehicles to the countryside activities may boost market consumer sentiment, copper or rise.
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The weak pattern of supply and demand continues Shanghai copper is still dominated by a shock pattern
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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The rebound of rubber prices is more obvious, mainly short-term temporary wait-and-see
Time of Update: 2022-12-25
Therefore, the futures market showed a rebound pattern of reducing positions, RU accompanied by the reduction of net short positions, short-term short pressure slightly slowed down, but RU non-standard price spread also gradually expanded, paying attention to the new pressure brought by industrial arbitrage in the later period.
