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June 1 aluminum market morning review
Time of Update: 2022-12-25
Aluminum CityThe spot market did not show a bright performance in the morning, there was no obvious stocking performance downstream, and the enthusiasm among traders was also poor.
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PVC futures are volatile and fundamentals have not improved
Time of Update: 2022-12-25
PVC starts gradually increase; Stronger expectations for the traditional peak season; Inventories were at high levels in the same period of the previous year; There is no strong positive driver for short-term macro.
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April 29 London Copper Afternoon Review
Time of Update: 2022-12-25
London copperThe natural gas crisis clouded the prospects for European economic growth, Russia interrupted the supply of natural gas to some European countries, triggered fears that more countries may be impacted, which will lead to a recession, overnight London copper rushed back down, the latest closing quotation of 9765 US dollars / ton, closed down 90 US dollars, down 0.
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Aluminum fell back and the market trading atmosphere was light
Time of Update: 2022-12-25
Today, Lun aluminum rose in a narrow range, and the LME was reported at 2891 US dollars / ton at 15:01 Beijing time for three months, up 23 US dollars, or 0.
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Fundamentals: Strong supply and weak demand Whether Shanghai aluminum can continue to rebound remains to be seen
Time of Update: 2022-12-25
Shanghai aluminumOn the macro front, this week the market entered the interest rate hike week, the market generally predicted that the Fed will raise interest rates by 75 basis points, with a low probability of raising interest rates by 100 basis points, and the reduction in demand caused by interest rate hikes is still the main consideration affecting the price of industrial products.
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PVC is under weak pressure Watch for demand recovery
Time of Update: 2022-12-25
PVCFrom a long-term perspective, the completed area of domestic real estate has peaked, and PVC demand is facing weakening pressure.
From a long-term perspective, the completed area of domestic real estate has peaked, and PVC demand is facing weakening pressure.
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Copper scrap is currently facing a low inventory pattern, and supply and demand are expected to continue to be tight
Time of Update: 2022-12-25
3% compared with December last year, and the import volume fell sharply; According to statistics, China's copper scrap production from January to May 2022 was 422,000 tons, a cumulative decrease of 17.
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Shanghai aluminum low opening shock operation There is still a possibility of weakening in the short term
Time of Update: 2022-12-25
In addition, the June aluminum export data remained relatively high, but it is expected that it will weaken in the future.
In addition, the June aluminum export data remained relatively high, but it is expected that it will weaken in the future.
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There are not many bright spots in the fundamentals The overall transaction volume of PVC spot is average
Time of Update: 2022-12-25
20, the main PVC closed at 6445 yuan / ton (+1.
20, the main PVC closed at 6445 yuan / ton (+1.
20, the main PVC closed at 6445 yuan / ton (+1.
20, the main PVC closed at 6445 yuan / ton (+1.
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Shanghai copper volatility weakened the overall trading performance of the market
Time of Update: 2022-12-25
Today's Shanghai copper shock weakened, the main month 2206 contract opened at 71470 yuan / ton, the highest intraday 71840 yuan / ton, the lowest 70850 yuan / ton, settled 71470 yuan / ton, closed 70880 yuan / ton, down 590 yuan, down 0.
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Global commodities under pressure Shanghai aluminum showed a high downward trend
Time of Update: 2022-12-25
Shanghai aluminumOvernight financial market sentiment remained pessimistic, aluminum prices, especially LME aluminum prices continued to fall, once fell below the $2,500 mark, Shanghai aluminum index last night intraday once fell to 19,450 yuan / ton, positions once increased by 23,700 lots, a sharp increase in positions downward, but the daily market by the rapid inventory and the impact of the bulk rebound, Shanghai aluminum rebounded, and finally the Shanghai aluminum index fell 275 yuan / ton to close down 1.
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Market sentiment eased and rubber prices fluctuated in a narrow range
Time of Update: 2022-12-25
On the one hand, supply pressure has not yet emerged, raw material prices at home and abroad fluctuate in a narrow range, on the other hand, with the easing of market sentiment, pessimistic expectations for demand have weakened.
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PVC prices have risen The market trend is difficult to say
Time of Update: 2022-12-25
PVCIn terms of demand, up to now, as the price of raw material PVC continues to fall, the operating rate of PVC downstream sample enterprises has improved slightly, but it is still at a low level, basically remaining at about 50%, in addition, it is still in the demand off-season, the demand side is weak, and the downstream product enterprises receive goods is not high, basically maintaining the amount of 2-5 days.
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The US dollar continues to suppress copper prices, and the trend in the later period is difficult to say optimistic
Time of Update: 2022-12-25
The global manufacturing industry is still under pressure, and overseas demand continues to weaken but has not yet bottomed out, while domestic power cuts have a relatively limited impact on supply, poor demand in the off-season, and because the price is not strong downstream price willingness to hold up, spot transactions are not ideal, and copper is expected to fall.
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July 25 London Copper Afternoon Review
Time of Update: 2022-12-25
London copperFed rate hike expectations declined, according to CME "Fed Watch", the probability of the Fed raising interest rates by 100 basis points by July fell further to 20.
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July 1 Lun aluminum noon review
Time of Update: 2022-12-25
Lun aluminumThe dollar is strong bearish, due to the Federal Reserve's aggressive interest rate hike, coupled with the gloomy economic outlook to promote market risk aversion, the dollar rose about 6% this year, the largest quarterly increase since 2016, making nonferrous commodities under pressure, overnight Lun aluminum shock downward, the latest closing quotation of 2444 US dollars / ton, closed down 29 US dollars, down 1.
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July 27 aluminum market morning review
Time of Update: 2022-12-25
Aluminum CityIn the morning, the spot market trading did not improve, the downstream normal procurement in the early stage was the mainstay, and the market activity in the later period declined, and the transaction turned weak.
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PVC rebound strength is slightly insufficient bottom shock idea treated
Time of Update: 2022-12-25
26 days PVC main close 6555 yuan / ton (+1.
26 days PVC main close 6555 yuan / ton (+1.
26 days PVC main close 6555 yuan / ton (+1.
26 days PVC main close 6555 yuan / ton (+1.
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Shanghai aluminum is running strongly, and the short-term market fluctuates greatly
Time of Update: 2022-12-25
Shanghai aluminumToday's Lun aluminum shock downward, LME three-month Beijing time at 15:01 at 2405 US dollars / ton, down 22 US dollars, or 0.
Shanghai aluminumToday's Lun aluminum shock downward, LME three-month Beijing time at 15:01 at 2405 US dollars / ton, down 22 US dollars, or 0.
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Demand is still weak Shanghai copper shows a bottom-bound trend
Time of Update: 2022-12-25
Shanghai copperOn the macro front, the US non-farm payrolls data for June exceeded expectations, indicating a strong labor market, offsetting some recession fears and prompting the Fed to accelerate the pace of monetary tightening.