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Commodities are generally weak and rubber trends remain weak and volatile
Time of Update: 2022-12-25
Recently stimulated by recession concerns, commodities are weak overall, rubber supply and demand growth synchronously, maintaining relative stability, Hainan supply increased, raw material prices under pressure, downstream start data did not significantly improve, terminal consumption stimulation still has expectations, supply continues to increase, suppress price upside, after the early decline, Shanghai rubber risk sentiment has been released, currently at a relatively low level, is expected to maintain a weak short-term trend.
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Rubber prices stop falling and rebound, mainly short-term temporary wait-and-see
Time of Update: 2022-12-25
Yesterday's rubber price stopped falling and rebounded, NR early performance was weak and yesterday's performance was relatively strong, RU and NR strength transformation or related to the previous short NR more RU arbitrage position liquidation, therefore, the futures market presents a reduction rebound, RU accompanied by the reduction of net short positions, short-term short pressure or a slight slowdown.
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August 15 aluminum market noon review
Time of Update: 2022-12-25
Aluminum CityCrude oil tumbled on Friday, with aluminum falling to close in the long negative, opening slightly higher at $2,440 today.
Crude oil tumbled on Friday, with aluminum falling to close in the long negative, opening slightly higher at $2,440 today.
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This week, copper prices fell unilaterally and the trend broke downward
Time of Update: 2022-12-25
Copper pricesThe Central Bank Super Week came to an end, with the Fed leading the wave of interest rate hikes with 75 basis points.
Copper pricesThe Central Bank Super Week came to an end, with the Fed leading the wave of interest rate hikes with 75 basis points.
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PVC market demand is weak, and the market fell slightly in the short term
Time of Update: 2022-12-25
It is expected that the PVC market will decline slightly in the short term.
It is expected that the PVC market will decline slightly in the short term.
It is expected that the PVC market will decline slightly in the short term.
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The decline in aluminum prices gradually stopped, showing a volatile upward trend
Time of Update: 2022-12-25
Aluminum pricesThis week, London aluminum continued to show a volatile rebound trend, the overall oscillation between $2800-2935, the center of gravity has shifted up from last week.
This week, London aluminum continued to show a volatile rebound trend, the overall oscillation between $2800-2935, the center of gravity has shifted up from last week.
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Rubber sharp rise momentum is temporarily lacking, short-term still maintain range volatility
Time of Update: 2022-12-25
3% over the previous month; Tianjiao consumption is expected to increase by 5.
3% over the previous month; Tianjiao consumption is expected to increase by 5.
3% over the previous month; Tianjiao consumption is expected to increase by 5.
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Rubber downward action can weaken If demand picks up, there may be rebound momentum
Time of Update: 2022-12-25
After the end of the rainy season at home and abroad in August, the supply growth rate is expected to increase, and it is expected that the price of raw materials at home and abroad will still have room to fall.
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After the Dragon Boat Festival, demand tends to be slightly better, and Shanghai copper shocks rise slightly
Time of Update: 2022-12-25
Shanghai copperOn the macro front, the current Fed interest rate meeting is approaching, the US dollar and US bond yields are showing a higher trend, which makes the external non-ferrous prices under pressure to a certain extent, but on the other hand, the current persistently high inflation and the continued strength of crude oil prices also have a supportive effect on copper varieties, pay attention to the results of the eurozone central bank interest rate decision.
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Inner metal closed down across the board, and Shanghai copper fell in shock
Time of Update: 2022-12-25
Therefore, copper prices may remain volatile until the Fed's interest rate decision in May. Inside metals closed down across the board yesterday, Shanghai copper fell nearly 2%, and outside metals, London Metal Exchange (LME) industrial metals tumbled on Monday, concerns about demand from China, the largest consumer, triggered a sell-off, exacerbated by expectations of sharp interest rate hikes in the United States and a sharp rise in the dollar, with London copper falling 2.
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Power rationing disturbs the supply and demand pattern Aluminum prices may show a strong trend in the near future
Time of Update: 2022-12-25
13 million tons, and the supply of electrolytic aluminum will shrink in the short term, but in the long run, combined with the domestic provinces' electrolytic aluminum production plan, the future electrolytic aluminum operating capacity will still increase steadily.
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Nonferrous macro picked up, and aluminum prices maintained a wide range of volatility
Time of Update: 2022-12-25
Demand: Consumption in the off-season is weak, there are high temperature power rationing problems in Jiangsu, Zhejiang, Sichuan-Chongqing and other places, and the operating rate of SMM's downstream leading processing enterprises this month increased by 0.
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Market demand recovers, confidence improves, Shanghai copper opens high, oscillating operation
Time of Update: 2022-12-25
Shanghai copperDuring the Asian session, the London copper high fluctuated in a narrow range, and the latest quotation at 15:01 Beijing time was 9494 US dollars / ton, up 73 US dollars, or 0.
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Approaching the demand off-season, Shanghai aluminum continues to have limited upward momentum
Time of Update: 2022-12-25
In terms of the market, today's spot trading price of the Yangtze River is 19350-19390 yuan / ton, up 110 yuan, and the discount is 30-liter 10; Guangdong spot 19290-19350 yuan / ton, up 60 yuan, discount 90-discount 30; Hua reported 19400-19440 yuan / ton, up 110 yuan.
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The impact of the epidemic still exists, and the wait-and-see mood in the copper market is heavier
Time of Update: 2022-12-25
In terms of smelting, the supply of smelters in Jiangsu and Zhejiang around Shanghai continued to arrive last week, coupled with the gradual improvement of the epidemic situation in Shanghai, driven by the still relatively high smelting profits, the refinery production enthusiasm recovered from the maintenance may be relatively high, but due to the uncertainty of the recovery of demand, the output will not increase too much in the short term.
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The market wait-and-see atmosphere is strong, and PVC is running in shock as a whole
Time of Update: 2022-12-25
Recently, PVC fundamentals have not changed much, terminal demand recovery is limited, caution just needs to replenish, and the market pays more attention to the interpretation of the situation in the Taiwan Strait.
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August 29 aluminum market noon comment
Time of Update: 2022-12-25
24% the next week; The scope of overseas production cuts has a trend of expansion, the domestic stabilization policy is expected to remain unchanged, and the market sentiment is expected to recover under the expectation of the peak consumption season, and aluminum is expected to rise today.
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August 5 London Copper Afternoon Review
Time of Update: 2022-12-25
London copperThe weakening of the dollar prompted short covering, helping to boost commodity prices and demand, and the copper shock recovered overnight, with the latest closing quotation of $7743 / ton, closing up $33, or 0.
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Rubber stabilized and rebounded, but the upside is limited
Time of Update: 2022-12-25
rubberOn the macro front, inflationary pressures in Europe and the United States continue to rise, forcing the Fed to raise interest rates by another 75 basis points at its July meeting, while the European Central Bank also plans to raise interest rates by 25 basis points in July and end its bond-buying program.
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Consumer demand has an upward momentum There is some support below Shanghai aluminum
Time of Update: 2022-12-25
Shanghai aluminumOn the macro front, the Fed's June FOMC announced a 75 basis point rate hike, raising the target range of the federal funds rate to 1.