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At the end of the year, the atmosphere was dull and pervasive, and the center of gravity of Shanghai copper continued to shift
Time of Update: 2023-02-02
The minutes of the Fed meeting were hawkish, international oil prices fell by more than 5%, non-ferrous metals fell overnight, market risk appetite cooled, the center of gravity of Shanghai copper continued to shift, superimposed on the dull atmosphere at the end of the year, copper prices broke down.
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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 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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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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The center of gravity of Shanghai copper continues to shift downward and may continue to fall in the short term
Time of Update: 2023-02-02
Shanghai copperCopper prices fell sharply and fell lower during the day, but at present, downstream consumption is still weak, the sentiment of taking goods is not good, the market is mostly cautious and wait-and-see, and intraday procurement demand is limited; Holders weakened their sentiment and gradually lowered their premium shipments.
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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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The macro atmosphere is optimistic and the PVC shock is running strongly
Time of Update: 2023-02-02
21, the main force of PVC closed at 6335 yuan / ton (+0.
21, the main force of PVC closed at 6335 yuan / ton (+0.
21, the main force of PVC closed at 6335 yuan / ton (+0.
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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 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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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 rubber continuous pullback is expected to maintain a biased space situation in the short term
Time of Update: 2023-02-02
Shanghai rubberRecently, the operating rate of domestic tire companies has continued to decline year-on-year, and the inventory of finished products is high, and the New Year's Day and Spring Festival are approaching, and the operating rate of enterprises will remain at a low level in the next two months.
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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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Rubber raw material prices are mixed, and it is expected that the downside is limited
Time of Update: 2023-02-02
RU non-standard price difference of 1945 yuan / ton (+100), tobacco chip import profit 23 yuan / ton (+43).
RU non-standard price difference of 1945 yuan / ton (+100), tobacco chip import profit 23 yuan / ton (+43).
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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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PVC prices are still supported and prices are expected to be volatile
Time of Update: 2023-02-02
However, the support expected by the market remained, resulting in spot price quotations remaining firm.
However, the support expected by the market remained, resulting in spot price quotations remaining firm.
However, the support expected by the market remained, resulting in spot price quotations remaining firm.
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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.
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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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PVC volatility weak operation Fundamentals are not expected well
Time of Update: 2023-02-02
20, the main PVC closed at 6275 yuan / ton (+0.
20, the main PVC closed at 6275 yuan / ton (+0.
20, the main PVC closed at 6275 yuan / ton (+0.
20, the main PVC closed at 6275 yuan / ton (+0.
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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.
