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August 10 Copper Market Afternoon Review
Time of Update: 2022-12-25
1%; China's demand outlook is becoming more and more promising, the downstream cable industry has recovered, and domestic and foreign copper inventories will further decline, and copper is expected to rise slightly.
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Shanghai aluminum afternoon review on August 1
Time of Update: 2022-12-25
Shanghai aluminumOn the macro front, the Fed raised interest rates by 75 points as scheduled, and the policy statement still emphasized inflation risks, accelerating the balance sheet reduction in September as planned, but did not believe that the economy was in a state of recession; The annualized preliminary value of US GDP in the second quarter shrank by 0.
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September 15 aluminum market noon comment
Time of Update: 2022-12-25
Aluminum CityOn the supply side, it will take time for the production capacity suspended in Sichuan-Chongqing to fully recover, while Yunnan has received a load reduction notice, and the affected production capacity is currently about 520,000 tons, which may expand, and the supply and demand pattern may turn into a tight balance.
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Aluminum prices are strong or difficult to sustain, and the actual consumption of the market is weak and will not change
Time of Update: 2022-12-25
Aluminum pricesShort-term large-scale production cuts have eased supply pressures, and there is an expectation of tight supply during peak seasons.
Short-term large-scale production cuts have eased supply pressures, and there is an expectation of tight supply during peak seasons.
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Shanghai aluminum rebounded higher after opening low and oscillating
Time of Update: 2022-12-25
Shanghai aluminumToday, Lun aluminum bottomed out, and the LME reported at $2,761 / ton at 15:01 Beijing time for three months, up $12, or 0.
Shanghai aluminumToday, Lun aluminum bottomed out, and the LME reported at $2,761 / ton at 15:01 Beijing time for three months, up $12, or 0.
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There are disturbances on both the internal and external supply sides to support Shanghai aluminum prices in the short term
Time of Update: 2022-12-25
Overseas, the "Nord Stream-1" natural gas pipeline indefinitely stopped gas supply, overseas energy crisis intensified, high energy prices made aluminum plants with large electricity consumption reduce production again, Europe's largest aluminum smelter Dunkirk aluminum announced on Tuesday to reduce production by 22%, recovery time to be determined, a total of about 105,000 tons of production capacity this year; Norway's large plant in Slovakia will also stop production this month, and the cumulative overseas production reduction may reach more than 1.
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Recession expectations continue Aluminum prices continue to be pressured and frustrated
Time of Update: 2022-12-25
Today's Shanghai aluminum is weak and volatile, the US CPI exploded, coupled with the worsening of the European energy crisis, the risk of recession in Europe has intensified, while domestic aluminum supply and production are rising, the range of inventory dematerialization is narrowing, and Shanghai aluminum continues to be under pressure and frustrated.
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Short-term demand support is limited, and rubber prices are mainly volatile
Time of Update: 2022-12-25
At present, the domestic is the confrontation between the increase in supply and the improvement of demand month-on-month, based on the pressure of downstream finished product inventory, and it is also necessary to see a greater demand recovery in order to have the momentum of raw material procurement, therefore, the support of short-term actual demand is more limited, more from the expected boost.
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Shanghai aluminum afternoon review on August 12
Time of Update: 2022-12-25
Shanghai aluminumOn the macro front, the US July CPI data was lower than expected, and cooling inflation eased the pressure on the Fed to continue aggressive rate hikes, and investors now expect a greater chance of a 50 basis point rate hike in September than 75 basis points.
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Shanghai aluminum afternoon review on May 24
Time of Update: 2022-12-25
Shanghai aluminumIn terms of fundamentals, SMM stocks on the 23rd reported 941,000 tons, down 24,000 tons from last Thursday; during the same period, the steel union statistics aluminum rod inventory was 151,000 tons, down 015,000 tons from last Thursday; exports remained high in April 2022, imports declined, China exported 596,800 tons of unwrought aluminum and aluminum products in April; cumulative exports from January to April were 2.
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May 31 Copper Market Morning Review
Time of Update: 2022-12-25
Market expectations for more aggressive interest rate hikes by the Fed eased, risk appetite continued to improve recently, and the US dollar index continued to decline, releasing upward pressure on external metals; Shanghai announced the orderly resumption of access to residential areas in June, and consumption is expected to recover.
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May 24 aluminum market afternoon review
Time of Update: 2022-12-25
Aluminum CityOvernight, Lun aluminum rushed back down and turned to close in a small negative, opening slightly higher at $2956 today.
Overnight, Lun aluminum rushed back down and turned to close in a small negative, opening slightly higher at $2956 today.
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June 23 aluminum market afternoon review
Time of Update: 2022-12-25
Aluminum market afternoon comment: the dollar weakened, overnight London aluminum closed up 0.
Aluminum market afternoon comment: the dollar weakened, overnight London aluminum closed up 0.
Aluminum market afternoon comment: the dollar weakened, overnight London aluminum closed up 0.
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July 14 aluminum market morning review
Time of Update: 2022-12-25
Aluminum CityIn the morning, the overall transaction volume of the spot market rebounded, mainly based on the demand for long-term order execution, and the downstream still purchased on demand.
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Copper prices rushed back down and the probability of short-term shock operation is relatively large
Time of Update: 2022-12-25
Copper prices fell back last week, and as of 3 pm on Friday, the main 2209 contract of Shanghai copper closed at 60310 points, a weekly increase of 0. 35% or 210 yuan. Copper pricesDuring the weekend,
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Shanghai copper opens high and low within the day and is still suppressed by macro factors in the short term
Time of Update: 2022-12-25
During the Asian session, London copper fluctuated and fell, and the latest quotation at 15:01 Beijing time was 9655 US dollars / ton, down 88 US dollars, or 0.
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Driven by the rise in surrounding metals, Shanghai aluminum rebounded slightly
Time of Update: 2022-12-25
Today's Shanghai aluminum main month 2209 contract, opening 17775 yuan / ton, the highest intraday 18050 yuan / ton, the lowest 17690 yuan / ton, settlement 17960 yuan / ton, the end of the close to 1
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August 19 Copper Market Afternoon Review
Time of Update: 2022-12-25
Overnight, London copper bottomed out and turned higher to close in Zhongyang, opening slightly higher at $8,040 today.
Overnight, London copper bottomed out and turned higher to close in Zhongyang, opening slightly higher at $8,040 today.
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Market concerns about demand remain There is room for downward adjustment in copper prices
Time of Update: 2022-12-25
On Monday (August 29) the UK coincides with the summer bank holiday, the London Metal Exchange (LME) is closed, and trading will resume on Tuesday (August 30).
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The demand side is still not good, and Shanghai aluminum continues to be weak
Time of Update: 2022-12-25
Today's London aluminum fluctuated in a narrow range, and the LME was reported at $2405 / ton at 15:01 Beijing time for three months, up slightly by $2, or 0.
