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Demand has not improved significantly, and Shanghai copper is still fluctuating at a low level
Time of Update: 2022-12-25
Shanghai copperOn the macro front, in order to curb inflation, the ECB raised interest rates by 50 basis points for the first time in eleven years, exceeding market expectations, and the euro strengthened.
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July 13 copper market noon review
Time of Update: 2022-12-25
Shanghai copper opened low and fell to close at 55870 overnight, and may open a new low with the external market today.
Shanghai copper opened low and fell to close at 55870 overnight, and may open a new low with the external market today.
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July 15 Lun aluminum noon review
Time of Update: 2022-12-25
Lun aluminumOil prices weakened sharply, once erased all the gains brought about by the Russian-Ukrainian conflict, metals fell sharply, overnight Lun aluminum shock fell, the latest closing quotation of 2327 US dollars / ton, closed down 32 US dollars, down 1.
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June 21 Shanghai aluminum brief comment
Time of Update: 2022-12-25
As of the close of 3 p. m. , the main 2207 contract of Shanghai aluminum closed up at 19780, up 95, or 0. 48%. Shanghai aluminumRecently, the domestic market is still running in the game of strong exp
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June 14 copper market morning review
Time of Update: 2022-12-25
Aluminum CityTrading in the spot market is still limited, and the sharp drop in prices stimulates downstream pick-ups, and holders are reluctant to sell, but trading between traders is still suppressed by warehousing events.
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June 23 copper market noon review
Time of Update: 2022-12-25
Copper market afternoon commentary: the stock market weak metal under pressure, overnight London copper closed down 2% and hit a new low in nearly 15 months; Domestic concentrate supply is relatively abundant and production is gradually recovering, downstream consumer demand is light, and copper may fall.
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July 21 Shanghai aluminum brief comment
Time of Update: 2022-12-25
Intraday aluminum prices continued to fluctuate sideways, Shanghai aluminum around 17,900 upward fluctuations; from the current macro perspective, central banks will open interest rate meetings, the Bank of Japan maintained a historical low interest rate of -0.
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May 25 aluminum market noon review
Time of Update: 2022-12-25
Aluminum CityOvernight, Lun aluminum fell sharply to close in the shade, opening slightly higher at $2,878 today.
Overnight, Lun aluminum fell sharply to close in the shade, opening slightly higher at $2,878 today.
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June 2 Lun aluminum afternoon commentary
Time of Update: 2022-12-25
Lun aluminumOverseas liquidity continues to tighten, prompting the dollar to continue to rise, containing non-ferrous metal prices, overnight London aluminum weak shock, the latest closing quotation of 2724 US dollars / ton, closed down 65 US dollars, down 2.
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PVC disk is weak operation, the spot market has fallen significantly
Time of Update: 2022-12-25
External prices, Formosa Plastics PVC export quotation in June, lowered by 120-150 US dollars / ton, CFR India lowered 150 US dollars to 1410 US dollars / ton, CFR China lowered 130 US dollars at 1210 US dollars / ton, FOB Taiwan 1170 US dollars / ton.
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Domestic energy varieties are running strongly, and PVC prices rebound
Time of Update: 2022-12-25
From the perspective of PVC's own fundamentals, it is not ruled out that the early shutdown of the plant will start a large amount in September; Social inventories remain high; Weak demand, the re-emergence of the epidemic in many places; The spot market has moved up in line with futures prices, but the transaction is not good.
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August 11 London Afternoon Review
Time of Update: 2022-12-25
London copperThe slowdown in inflation in the United States in July was more than expected, which boosted expectations that the Fed's current round of interest rate hike cycle was not as aggressive as previously expected, and the overnight copper shock was strong, the latest closing quotation of 8078 US dollars / ton, closed up 123 US dollars, or 1.
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August 24 London Afternoon Review
Time of Update: 2022-12-25
London copperThe cooling of Fed interest rate hike expectations boosted risk appetite, as the US August PMI data was weaker than expected, raising concerns about the strength of the US economy, and supported Fed Chairman Powell more inclined to slow down the pace of tightening, overnight London copper volatility rushed higher, late trading strong finishing, the latest closing quotation of 8105 US dollars / ton, closed up 52 US dollars, or 0.
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Brief review of Shanghai copper on August 24
Time of Update: 2022-12-25
5. Shanghai copper short-term was affected by slowdown in interest rate hike expectations, but recession expectations were bearish to limit its upside.
5. Shanghai copper short-term was affected by slowdown in interest rate hike expectations, but recession expectations were bearish to limit its upside.
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September 16 copper market morning review
Time of Update: 2022-12-25
Copper CityOn the data, the US core PPI rose month-on-month in August to confirm stubborn inflation, and the sharp decline in the monthly rate of industrial output in Europe in July increased the risk of recession.
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June 22 copper market morning review
Time of Update: 2022-12-25
Copper CityLast week's copper stocks increased by 3,784 tons to 55,237 tons, Shandong's previously suspended refineries resumed production, superimposed logistics recovery arrival increased, and subsequent domestic copper stocks may continue to accumulate.
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June 10 Shanghai aluminum afternoon comment
Time of Update: 2022-12-25
"Shanghai aluminumForeign demand is expected to be poor, but LME aluminum inventories hit a 21-year low, and support is strong.
"Shanghai aluminumForeign demand is expected to be poor, but LME aluminum inventories hit a 21-year low, and support is strong.
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April 2022 cable raw materials (aluminum) monthly report
Time of Update: 2022-12-25
In East China, the conflict between Russia and Ukraine intensified, European energy crisis concerns still disturbed market sentiment, and the domestic market, the outbreak of the epidemic in many places, market transportation was hindered to a certain extent, coupled with some downstream enterprises encountered control and shutdown, market demand weakened, the overall performance of aluminum prices in April first rose and then fell, intraday volatility was more severe.
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June 20 copper market noon review
Time of Update: 2022-12-25
London copper fell sharply on Friday to close in the shade, opening slightly higher at $8,978 today.
London copper fell sharply on Friday to close in the shade, opening slightly higher at $8,978 today.
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June 2 aluminum market morning review
Time of Update: 2022-12-25
Aluminum CityIn the morning spot market trading are cautious, downstream stocking willingness is weak, middlemen and traders also show a risk-off mentality.
Aluminum CityIn the morning spot market trading are cautious, downstream stocking willingness is weak, middlemen and traders also show a risk-off mentality.
