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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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Copper prices rose slightly inside and outside, but market demand remained weak
Time of Update: 2023-02-02
Copper pricesThe market continues to pay attention to the changes in interest rate hike expectations in the United States and the economic situation after the adjustment of domestic epidemic prevention and control policies.
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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.
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December 2022 cable raw materials (copper) monthly report
Time of Update: 2023-02-02
On the macro front, the Fed's interest rate hike landed, 50 basis points in line with market expectations, and the upper limit of interest rates was raised this round, but due to the slowing trend, the dollar continued to decline this month, but the decline also slowed down, and the impact on copper prices weakened.
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Shanghai copper high fell and downstream consumer demand shrank
Time of Update: 2023-02-02
Driven by optimism in the macro atmosphere, the metal is generally stronger, and the disturbance at the end of overseas mines is frequent, while at the same time, the pressure of domestic refined copper supply is limited, and extremely low inventories continue to provide support for the period price, but the spot premium is declining rapidly, the downstream consumer demand is shrinking, and the high level of Shanghai copper is falling, slightly red.
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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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Weighed down by weak demand, Shanghai copper's rally was limited
Time of Update: 2023-02-02
Fundamentally, global copper inventories are at historic lows, domestic refined copper production is less than expected, spot supply is still tight, and the rising water rebounds to a high level, providing short-term support for prices.
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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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Affected by the bearish fundamentals, the Shanghai aluminum shock is weak
Time of Update: 2023-02-02
S. home prices continued to fall, and housing investment forecasts were revised down in the fourth quarter.
S. home prices continued to fall, and housing investment forecasts were revised down in the fourth quarter.
