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    Home > Chemicals Industry > New Chemical Materials > Overseas epidemic rebound, domestic nonferrous futures shock

    Overseas epidemic rebound, domestic nonferrous futures shock

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    On Tuesday evening, affected by the intensification of the rebound of the overseas epidemic, the international financial market trembled, European and American stock markets fell, gold prices hit a new high, international crude oil and non-ferrous metals were mainly volatile, London copper futures reported 6193 US dollars / ton, up 0.
    86%, Lun aluminum futures reported 1635 US dollars / ton, unchanged from the previous day, domestic nonferrous futures shocked, Shanghai copper futures 2008 contract was reported at 49830 yuan / ton, up 0.
    89%, Shanghai aluminum futures 2008 contract was reported at 13995 yuan / ton, down 0.
    85%

    Since July, behind the new highs of global stock markets and commodity prices, it is the stimulation of ample liquidity and rising inflation brought by the wide monetary credit of the world's major economies, and temporarily overshadowed the threat of the second outbreak of the global epidemic and the resonance spread of the virus in the northern and southern hemispheres, but with the increase of the second rebound of the global epidemic, the optimistic expectations of global economic growth in the second half of the year or shaken, most European and American stock markets and international commodities rushed back down, and the market is reappraising
    the previous rapid rise in equity and cyclical assets.

    From a fundamental point of view, copper and aluminum and other nonferrous short-term supply disturbance themes and domestic low inventory to support spot, while the increase in flood disasters during the domestic flood period may lead to the delay of the arrival of bulk commodity logistics, considering the short-term liquidity loose, industrial tradable inventory is low and the risk of squeeze in recent months is still large, it is expected that the overall volatility of the high differentiation of non-ferrous metals is mainly present, it is recommended that customers control unilateral exposure during the rebound process, industrial customers use virtual inventory and hedging transactions to flexibly adjust exposure risks, and the international cross-market structure is mainly based on positive sets.
    Domestic copper and aluminum interphase 8-9 structure is mainly held
    .

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