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Shanghai copper bottoms out and recovers, and the probability of a deep price fall is unlikely
Time of Update: 2023-02-02
Shanghai copperDuring the Asian session, London copper bottomed out, and the latest quotation at 15:01 Beijing time was 8302 US dollars / ton, up 22 US dollars, or 0.
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Rubber is strong and oscillating is expected to increase the expectation of returning to work
Time of Update: 2023-02-02
The rainfall in the main producing countries of Thailand and Vietnam has decreased, the rubber tapping season is expected to increase the supply of raw materials, the price of glue continues to fall, the expectation of returning to work is strengthened, and the recovery of domestic economic activities in the later period is expected to bring about a stable rebound of far month contracts.
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Market confidence has improved, and rubber has fluctuated to the upside
Time of Update: 2023-02-02
Return to work and return to work Individual enterprises start work and deposit slightly improve space, inventory continues to accumulate, recent months delivery positions and warehouse receipt changes may affect the later market trend, domestic economic activities gradually pick up, market confidence has improved, rubber shock upward.
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Rubber prices run in range-bound operation
Time of Update: 2023-02-02
This week, Thailand, Vietnam rainfall decreased, rubber tapping season has expectations of increased raw material supply, glue prices have fallen, demand dragged, inventories continue to accumulate slightly, pay attention to the recovery of domestic economic activities in the later period or is expected to bring about a stable rebound of far month contracts.
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Weak fundamentals PVC futures price rebound is highly limited
Time of Update: 2023-02-02
5 days, the northern off-season coupled with downstream production enterprises is about to take a holiday, weak fundamentals will inhibit the height of PVC futures price rebound, weak demand expectations are difficult to support the price to continue to rise, short-term must observe the effective decline of inventory; long-term need to pay attention to the implementation of economic and real estate policy packages.
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The macro atmosphere is optimistic and the PVC shock is running strongly
Time of Update: 2023-02-02
21, the main force of PVC closed at 6335 yuan / ton (+0.
21, the main force of PVC closed at 6335 yuan / ton (+0.
21, the main force of PVC closed at 6335 yuan / ton (+0.
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Spot premiums fell at high levels limiting copper price gains
Time of Update: 2023-02-02
Overall, the macro atmosphere is warm, boosting the rise of non-ferrous metals across the board, but the copper market has a state of weak supply and demand, and the spot premium has fallen at a high level, which has involved the rise in copper prices.
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Shanghai rubber continuous pullback is expected to maintain a biased space situation in the short term
Time of Update: 2023-02-02
Shanghai rubberRecently, the operating rate of domestic tire companies has continued to decline year-on-year, and the inventory of finished products is high, and the New Year's Day and Spring Festival are approaching, and the operating rate of enterprises will remain at a low level in the next two months.
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Shanghai aluminum opens high and goes low, and the fundamentals do not have a strong driving force for the time being
Time of Update: 2023-02-02
Shanghai aluminumIn the external market, Lun aluminum was strongly volatile, and the LME reported at 2412 US dollars / ton at 15:01 Beijing time for three months, up 17 US dollars, or 0.
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The center of gravity of Shanghai copper continues to shift downward and may continue to fall in the short term
Time of Update: 2023-02-02
Shanghai copperCopper prices fell sharply and fell lower during the day, but at present, downstream consumption is still weak, the sentiment of taking goods is not good, the market is mostly cautious and wait-and-see, and intraday procurement demand is limited; Holders weakened their sentiment and gradually lowered their premium shipments.