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Market sentiment improves, and Shanghai copper will rebound to the bottom in the short term
Time of Update: 2022-12-25
Shanghai copperDuring the Asian session, London copper fluctuated downward, and the latest quotation at 15:01 Beijing time was 9276 US dollars / ton, down 60 US dollars, or 0.
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Macro negative sentiment continues, and the weak pattern of Shanghai copper will not change
Time of Update: 2022-12-25
Last week, the weak pattern of Shanghai copper did not change. The weekly average settlement price of the current month's contract was 56,592 yuan / ton, down 336 yuan / ton per day; Last week's avera
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Macro pressure demand weakens above Shanghai aluminum or continues to come under pressure
Time of Update: 2022-12-25
Shanghai aluminumOn the macro front, the US ISM manufacturing PMI in June was 53, the lowest since June 2020, less than the previous reading and expectations, JPMorgan economists cut the US mid-year economic growth forecast, and the recession haze remains.
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The off-season of downstream consumption is approaching Shanghai aluminum may have the possibility of rebound
Time of Update: 2022-12-25
Today's London aluminum fluctuated in a narrow range, and the LME was reported at $2403 / ton at 15:01 Beijing time for three months, up $3, or 0.
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Shanghai copper opens low to the downside, and the market is more risk-aversion
Time of Update: 2022-12-25
Shanghai copperAt the macro level, trading around the expectation of a global recession continues, copper prices fell sharply and fell below the theoretical valuation level, copper traded a 75BP rate hike in July, but oil prices retreated, the United States was under pressure, and the Fed was still likely to complete the 3.
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Bottom support strengthens Copper prices show a weak shock rebound pattern
Time of Update: 2022-12-25
In terms of the market, spot copper rose by 520 yuan last week, downstream market entry increased, and demand maintained a recovery rhythm in the late epidemic; Inventories around Shanghai are low, tight supply supports holders to maintain a rising water pattern, and the current forward contract is inverted, and short-term high premiums will continue.
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Aluminum prices return to weakness It is expected that short-term shock operation will occur
Time of Update: 2022-12-25
Aluminum pricesOverseas, the recent market rumors of a large number of Rusal ingots (100,000 tons) inflow, but no news of traders and terminal enterprises have received the source of goods, the market has not appeared a large number of Rusal ingots circulation, in the short term, the Shanghai ratio is low consolidation, the current overseas aluminum ingot imports are still losing around 2,000 yuan / ton, the import window is difficult to open in the short term.
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Market supply may shrink to give temporary support to aluminum prices
Time of Update: 2022-12-25
Today's Shanghai aluminum trend is strong, intraday gains expanded, European Hydro electrolytic aluminum plant disturbance increased, or will cause its production to reduce production by 20%, domestic Sichuan electrolytic aluminum enterprises affected by the power shortage large-scale reduction to 390,000 tons, short-term aluminum supply pressure phased reduction, aluminum prices were shocked sharply, but aluminum demand has not changed for the time being, still need to be vigilant.
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May 26 Shanghai aluminum brief comment
Time of Update: 2022-12-25
As of the close of trading at 3 p. m. , the main 2207 contract of Shanghai aluminum closed up at 20500, up 65, or 0. 32%. Intraday aluminum maintained a narrow range of strong oscillations, the main f
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Market sentiment is weak, Shanghai aluminum gap opened low, lower
Time of Update: 2022-12-25
Shanghai aluminumOvernight, the European Central Bank announced its latest policy decision, signaling that it would start raising interest rates, the fall in the euro rebounded the dollar, and non-ferrous metals were again under pressure.
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Shanghai copper trend is weak, the market remains cautious on the sidelines
Time of Update: 2022-12-25
During the Asian session, London copper ran weakly, and the latest quotation at 15:01 Beijing time was 7520 US dollars / ton, down 288 US dollars, or 3.
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June 27 Copper Market Morning Review
Time of Update: 2022-12-25
Copper CityLast week, Powell signaled to the market that the Fed will continue to raise interest rates aggressively, and Powell's congressional hearing will not turn as long as inflation does not decrease rapidly; And Thursday's U.
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July 12 copper market noon review
Time of Update: 2022-12-25
Copper market midday commentary: the dollar rose like a rainbow, overnight London copper continued to come under pressure to close down 2.
Copper market midday commentary: the dollar rose like a rainbow, overnight London copper continued to come under pressure to close down 2.
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May 16 Shanghai aluminum brief comment
Time of Update: 2022-12-25
Shanghai aluminumAt present, the mismatch between domestic supply and demand caused by the epidemic and the opening of the export window caused by the energy crisis still exist, and the new variable is the continuation of the high supply situation brought about by the high start of domestic electrolytic aluminum.
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Shanghai copper is expected to show a strong pattern again
Time of Update: 2022-12-25
Overall, the current epidemic has continued to weaken the pattern of supply and demand, but this situation will change in the next June and July as the smelting overhaul ends and the impact of the epidemic fades.
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June 9 aluminum market morning review
Time of Update: 2022-12-25
Trading between traders in the morning spot market is still suppressed, downstream on-demand procurement is the mainstay, the overall transaction is not ideal, and the transaction in the South China market is obviously weaker than that in East China.
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July 29 Lun aluminum afternoon review
Time of Update: 2022-12-25
S. stocks rebounded investors' risk appetite improved, and Lun Aluminum closed up 1.
S. stocks rebounded investors' risk appetite improved, and Lun Aluminum closed up 1.
S. stocks rebounded investors' risk appetite improved, and Lun Aluminum closed up 1.
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Shanghai aluminum shock closed higher, the overall market transaction is not good
Time of Update: 2022-12-25
Shanghai aluminumToday's Lun aluminum shock down, LME three-month Beijing time at 15:01 at 3093 US dollars / ton, down 23 US dollars, or 0.
Today's Lun aluminum shock down, LME three-month Beijing time at 15:01 at 3093 US dollars / ton, down 23 US dollars, or 0.
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June 21 London Copper noon review
Time of Update: 2022-12-25
London copperThe Fed still holds a hawkish attitude, still adheres to tightening monetary policy to control the surge in inflation, overnight London copper rushed back down to close in the small negative, the latest closing quotation of 8931 US dollars / ton, closed down 18 US dollars, down 0.
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The macro atmosphere is pessimistic and the center of gravity of copper continues to move downward
Time of Update: 2022-12-25
On the demand side, the overall trading volume of the copper spot market this week was light, spot quotations continued to fall, and domestic consumption was still weak, which dragged down copper prices to a certain extent.
