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Rubber futures are weak and volatile Demand performance was weak years ago
Time of Update: 2023-02-01
On the demand side, in November, domestic tire production fell year-on-year, tire exports deteriorated, and the current Spring Festival holiday, enterprise starts declined, although the market has expectations for demand improvement after the optimization of epidemic policies, but the weak reality may be difficult to change in the short term.
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Shanghai copper's rally is firm, boosted by macro expectations
Time of Update: 2023-02-01
Shanghai copperIn terms of spot, on January 10, the trading price of CCMN Yangtze River spot 1# copper was 66590-66630 yuan / ton, with an average price of 66610 yuan, up 300 yuan / ton; The premium was reported at 100 to 140 yuan / ton, and the average price was 120 yuan, up 10 yuan / ton.
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There is a divergence between bulls and bears, and rubber oscillations to the upside
Time of Update: 2023-02-01
Thailand's mainstream raw materials rose steadily, Thailand, Vietnam rainfall this week decreased, conducive to the supply of cutting raw materials, domestic cutting, Vietnam is about to enter the production season, supply contraction supports rubber prices, tire operating rate continues to fall month-on-month, demand off-season superimposed on the Spring Festival holiday, short-term demand is in a sluggish state, RU01 contract position reduction is small, there is a trend of receiving goods, long and short divergence, rubber shock upward.
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Macro expectations are more optimistic and Shanghai copper is running strongly
Time of Update: 2023-02-01
The weakening of the US dollar approached a new low in more than half a year, the market risk appetite turned optimistic, non-ferrous metals were generally boosted and rising, coupled with the continuous promotion of domestic favorable policies, the outlook for metal demand was enhanced, and Shanghai copper was running strongly.
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The low inventory pattern is difficult to change in the short term, and the bottom support of Shanghai aluminum still exists
Time of Update: 2023-02-01
Today's Lun aluminum trend is like a "roller coaster" ups and downs, LME three-month Beijing time at 15:01 at 2456 US dollars / ton, down 1 US dollars, or 0.
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The upward and downward drivers are insufficient, and the PVC rebound space remains cautious
Time of Update: 2023-02-01
PVCFutures market: as of January 10, the main PVC closed at 6369 yuan / ton (+0.
PVCFutures market: as of January 10, the main PVC closed at 6369 yuan / ton (+0.
PVCFutures market: as of January 10, the main PVC closed at 6369 yuan / ton (+0.
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Consumption weakened and social treasury accumulated Shanghai aluminum upward promotion is not strong
Time of Update: 2023-02-01
The main contract of Shanghai aluminum jumped high overnight, and it was strong and volatile during the day, closing up 1. 37%. The macro atmosphere is better, the dollar index weakened overnight, boo
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Aluminum prices remain high and volatile, and the overall fluctuation range is limited
Time of Update: 2023-02-01
Aluminum pricesIn terms of spot, the morning spot market trading improved, the downstream pre-holiday stockpile and traders' enthusiasm for receiving goods also increased, and the holders were slightly reluctant to sell.
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Shanghai copper continues to be strong and volatile pattern, and the market transaction is weak in the off-season
Time of Update: 2023-02-01
The atmosphere of the peripheral market is empty, but there is an expectation of improvement in domestic demand, and the overall industrial side is still supported, and Shanghai copper stopped falling and rebounded.
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Aluminum prices stop falling and volatile market demand is weak and accumulation exceeds expectations
Time of Update: 2023-02-01
In terms of imports and exports, in November 2022, China exported 455,500 tons of unwrought aluminum and aluminum products, down 24,000 tons from the previous month, and exported 6,131,900 tons from January to November, an increase of 21.
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Aluminum prices are strong and volatile, and the impulse energy is limited
Time of Update: 2023-02-01
Recently, Guizhou region issued another load reduction notice, electrolytic aluminum supply continues to shrink, it is expected that the three rounds of production reduction in Guizhou region will affect a total of 800,000 tons of production capacity, new and resumed production capacity has not released the increment, so the overall supply of electrolytic aluminum is in a reduction trend.
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PVC rebound space remains cautious Spot supply and demand are relatively loose
Time of Update: 2023-02-01
As of January 11, PVC supply showed a trend increase; Exports are good but sustainability remains to be seen; Domestic demand is expected to improve; Downstream enterprises are relatively limited in pre-holiday replenishment; The supply of calcium carbide at the raw material end is tight, and the purchase price in some regions has increased.
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Under the background of weak supply and demand, the rubber range oscillates
Time of Update: 2023-02-01
rubberSpot market: On January 11, the quotation of full latex was 12525 yuan / ton (+275), the price of mixed rubber was 10825 yuan / ton (+100), the price of 3L spot was 11750 yuan / ton (+175), the price of STR20# was 1425 US dollars / ton (+10), and the quotation of benzene butadiene was 10700 yuan / ton (0).
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Terminal demand weakened before the holiday The probability of low aluminum price fluctuations is greater
Time of Update: 2023-02-01
After New Year's Day, aluminum prices broke the previous shock pattern to open a rapid decline mode, the price fell from 18700 yuan / ton to 17800 yuan / ton, down 4. 8%, in the short term market tran
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Shanghai aluminum shock downward market consumption is weak, downstream wait-and-see is the mainstay
Time of Update: 2023-01-04
Shanghai aluminumIn the external market, Lun aluminum fluctuated at a low level, and the LME reported at 2396 US dollars / ton at 15:01 Beijing time for three months, down 19 US dollars, or 0.
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The traditional off-season atmosphere is becoming more and more intense, and Shanghai copper has fallen into a high correction
Time of Update: 2023-01-04
Shanghai copperOn the supply side: Fears of supply disruptions have been revived by strikes at Chile's largest copper mine, Scondida, which will halt all shifts, while the LasBambas copper mine in Peru has seen mining operations decline due to community lockdowns to only reach 30% of capacity; According to data from the National Bureau of Statistics, the output of refined copper (electrolytic copper) in October 2022 was 953,000 tons, an increase of 10.
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Dominated by macro sentiment, the center of gravity of Shanghai copper continues to shift
Time of Update: 2023-01-04
Macro pressure increased, the dollar strengthened, superimposed on strong supply and weak demand, copper price support weakened, intraday Shanghai copper trend dominated by macro sentiment, the center of gravity continued to shift.
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Shanghai copper faces pullback pressure The overall trading is relatively deadlocked
Time of Update: 2023-01-04
Shanghai copperDuring the Asian session, London copper fluctuated weakly, and the latest quotation at 15:01 Beijing time was 8004 US dollars / ton, down 32 US dollars, or 0.
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PVC shock operation Overall, prices have been slightly lowered
Time of Update: 2023-01-04
The price of upstream blue charcoal was consolidated at a high level, the cost support was better, the downstream PVC market fell slightly, and the demand for calcium carbide weakened.
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The weak market demand side limits the upward momentum of Shanghai aluminum
Time of Update: 2023-01-04
Shanghai aluminumIn the external market, Lun aluminum fluctuated at a low level, and the LME reported at 2422 US dollars / ton at 15:01 Beijing time for three months, down 14 US dollars, or 0.
