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Shanghai aluminum volatility is higher, follow-up attention to whether demand has substantially improved
Time of Update: 2022-12-29
Shanghai aluminumOn the macro front, the latest US inflation data retreated, market expectations for the pace of interest rate hikes slowed down again, US recession expectations rose, and the US dollar index fell back below 105.
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The bottom range of Shanghai aluminum has risen steadily, and it has repeatedly oscillated in the short and medium term
Time of Update: 2022-12-29
Shanghai aluminumGuangzhou's sudden announcement of liberalization + the Fed's dovish speech will cause aluminum prices to rush higher to break through the front important pressure level of 19200, and the upper pressure will adjust to 19500 after the breakout.
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Non-ferrous metals fell collectively The center of gravity of Shanghai copper prices shifted
Time of Update: 2022-12-29
The spread of the global epidemic has aggravated market sentiment instability, the US dollar index has strengthened, the trend of non-ferrous metals has fallen collectively, coupled with the weak domestic copper demand side to contain copper prices, and the center of gravity of copper prices has shifted downward.
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The futures market is green, but low inventories support the bottom of copper and the decline in copper is limited
Time of Update: 2022-12-29
Prior to the frequent domestic favorable policies, especially in terms of real estate, the market is expected to warm up in the future demand, and copper imports have increased.
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Aluminum prices continue to fluctuate at a high level, and market trading tends to be cautious
Time of Update: 2022-12-29
9%; Market trading tends to be cautious during the week, spot premium narrowing, but due to macro policies and strong expectations of support, aluminum price performance resistance, in the short term, the game between macro and fundamentals is not over, Shanghai aluminum continued to fluctuate at a high level, focusing on the range of 1.
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The macro market atmosphere has gradually improved, and the price volatility of PVC is strong
Time of Update: 2022-12-29
1, PVC futures prices fluctuated strongly; the macro market atmosphere gradually improved; PVC operating load increased slightly; PVC sample warehouses decreased month-on-month, still high year-on-year; calcium carbide prices temporarily remained stable; downstream product starts remained stable; spot end transactions were general.
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Scrap aluminum or continue the volatile trend There is not much room for rise and fall
Time of Update: 2022-12-29
This week's scrap aluminum price fell by about 100 yuan, the current South China market 6063 old material around 15500, aluminum line around 16800, machine aluminum mainstream price around 14600, mark
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PVC futures are running strongly, and price increases need to be treated with caution
Time of Update: 2022-12-29
15, the main force of PVC closed at 6407 yuan / ton (+1.
15, the main force of PVC closed at 6407 yuan / ton (+1.
15, the main force of PVC closed at 6407 yuan / ton (+1.
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PVC Weekly Social Library Continues to Destock The price is treated as "range-bound"
Time of Update: 2022-12-29
19, the PVC weekly social library continued to destock; the overall supply was loose, and the new equipment was expected to be put into operation in December; the demand in the off-season was weak, maintaining a wait-and-see; the calcium carbide market price was stable, the spot price followed the rise, and the trading was general.
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Shanghai aluminum opened flat and went high, still continuing to range volatility
Time of Update: 2022-12-29
In terms of downstream, according to the latest data from the General Administration of Customs, the export volume of unwrought aluminum and aluminum products in November 2022 was about 455,600 tons, a decrease of 4.
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Shanghai aluminum weak operation The overall buying sentiment of the market is sluggish
Time of Update: 2022-12-29
Shanghai aluminum weak operation during the day, China's weaker-than-expected economic data made the market sentiment frustrated, coupled with the continuous impact of the epidemic caused downstream processing enterprises consumption to weaken ahead of schedule, but the contradiction between supply and demand is not prominent for the time being, and the short-term low storage continues to support aluminum prices.
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PVC futures prices are running weakly, and fundamentals have not improved much
Time of Update: 2022-12-29
28, PVC futures prices are running weakly; the macro atmosphere has improved; the starting load of PVC industry has increased slightly; calcium carbide starts at a low level, and the price is stable; PVC new equipment is put into testing and running; imports to Hong Kong exceed expectations; terminal demand is general, procurement is resistant to high prices, and spot transactions are not good.
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Warm peripheral sentiment boosted the strong operation of Shanghai copper
Time of Update: 2022-12-29
The US inflation data released overnight fell more than expected, the US dollar index fell significantly, the overall external market atmosphere was warm, easing the pressure on the metal, and Shanghai copper was strong.
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Lackluster fundamentals may limit the overall improvement in rubber prices
Time of Update: 2022-12-29
Rubber priceOn the supply side, the release of glue in the main producing areas of Hainan is limited due to rainfall and cooling, and the enthusiasm of processing plants to increase prices to rush to buy raw materials has decreased.
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The macro overall is still bearish Copper prices have limited short-term upside
Time of Update: 2022-12-29
However, high copper prices also suppress downstream demand, and after weak supply and demand and high copper prices, it is expected that the short-term upside is relatively limited, and the probability of falling will increase.
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Shanghai copper rushed back down and the market trading atmosphere was biased
Time of Update: 2022-12-29
Shanghai copperDuring the Asian session, London copper rushed and fell, and the latest quotation at 15:01 Beijing time was 8310 US dollars / ton, up 7 US dollars, or 0.
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November 28 aluminum market morning review
Time of Update: 2022-12-29
Aluminum CityIn the morning, the spot market trading remained at a certain level, due to the tight supply of circulating goods, the willingness of holders to raise prices was strong, traders purchased relatively actively, and downstream on-demand procurement was the mainstay.
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PVC futures shock operation short-term domestic optimism may continue
Time of Update: 2022-12-29
13, PVC futures prices fluctuated; the Federal Reserve held an interest rate meeting this week; domestic optimism may continue; epidemic prevention policies were optimized; calcium carbide market remained stable for the time being, Lutai Chemical's 360,000-ton PVC plant was temporarily stopped; PVC downstream entered the off-season.
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Slow supply and weaker demand dragged down copper prices
Time of Update: 2022-12-29
Demand continued to weaken, spot premium was slightly lowered, downstream affected by the epidemic receiving sentiment was not high, the transaction atmosphere was not good, and copper consumption had pressure to weaken month-on-month.
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PVC futures prices fluctuate strongly
Time of Update: 2022-12-29
14, PVC futures prices fluctuated strongly; US CPI accelerated to fall; the logic of the Fed's interest rate hike slowing continued; the macro atmosphere further improved; India's demand was strong, exports turned better; calcium carbide market prices were stable; PVC spot market was weak and sorted, and downstream procurement enthusiasm was low.
