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Shanghai copper opens low and goes low, and the center of gravity has shifted slightly down
Time of Update: 2023-02-02
9 percentage points year-on-year, and it is expected that the operating rate of wire and cable enterprises in January 2023 will decline again month-on-month; the actual demand for terminals is significantly weaker, the nonferrous market sentiment is cautious, and the weak reality is difficult to change in the short term, and the accumulation of internal and external inventories, the support margin of inventory to the price weakens, and copper or falls.
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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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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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January 3 copper market morning review
Time of Update: 2023-02-02
Copper CityAt the macro level, the US interest rate hike expectations have not changed significantly, the economic data is in line with expectations, and the US dollar index is running weakly; Domestically, economic data fell month-on-month in December, and as the impact of the epidemic weakened, the economy is building a bottom and is expected to improve.
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Shanghai aluminum fell with the trend and continued to be treated with a bearish idea in the short term
Time of Update: 2023-02-02
Shanghai aluminumDomestic electrolytic aluminum social stocks reported 576,000 tons on Thursday, continuing to increase by 15,000 tons from Tuesday.
Domestic electrolytic aluminum social stocks reported 576,000 tons on Thursday, continuing to increase by 15,000 tons from Tuesday.
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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 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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Shanghai aluminum volatility is strong, off-season demand suppresses upside
Time of Update: 2023-02-02
Shanghai aluminumToday's London aluminum high in a narrow range, LME three-month Beijing time at 15:01 at 2388 US dollars / ton, up 17 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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The tight supply of domestic spot market still has some support for aluminum prices
Time of Update: 2023-02-02
According to customs data, domestic net imports of primary aluminum in November were 108,300 tons, down 52.
From January to November, the total domestic net import of primary aluminum reached 345,000 tons, down 76.