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Without effective fundamental support, rubber prices will remain weak
Time of Update: 2022-12-25
Last week's rubber trend fell, Thailand raw material glue released, prices loosened, fell obviously, the domestic market weakened simultaneously, the current price fell to a low level, domestic spot is relatively firm, futures current price spread contracted, but under the background of the global recession, overseas demand is expected to be weak, if the supply side continues to be smooth, the price has no effective fundamental support, it is expected to remain weak.
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The US dollar index retraced to the high, and the Shanghai copper trend was strong
Time of Update: 2022-12-25
Overseas supply disturbances are frequent, and domestic and foreign copper inventories are still running at a low level, and spot premiums remain high, coupled with the continuation of spot tightness, which constitutes a strong support for copper prices, and Shanghai copper is strong in the short term.
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Aggressive interest rate hikes exacerbate market fears Copper prices fell sharply under pressure
Time of Update: 2022-12-25
Copper pricesOn the macro front, after the Fed raised interest rates by 75bps, the market's concerns about the economic outlook began to gradually appear, and the three major stock indexes of US stocks fell collectively again, and the Nasdaq fell by more than 4%.
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Shanghai copper is weak and oscillating, turning slightly green during the day
Time of Update: 2022-12-25
Most assets, including US stocks, the US dollar and gold, weakened yesterday, indicating that market liquidity is limited and asset prices are affected by the Fed's continued tightening of monetary policy.
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Weakening of metals coupled with weak demand Shanghai aluminum upward trend is limited
Time of Update: 2022-12-25
Domestic inventories continue to degrade, but holders still ship more at high prices, and Shanghai aluminum is expected to fluctuate weakly.
Domestic inventories continue to degrade, but holders still ship more at high prices, and Shanghai aluminum is expected to fluctuate weakly.
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Macro pressure is increasing unabated, and short-term Shanghai copper shocks have fallen
Time of Update: 2022-12-25
Shanghai copperOn the macro front, the preliminary manufacturing PMI values in Europe and the United States fell more than expected in June, indicating that the demand for industrial products contracted significantly in June, exacerbating the market's concerns about the economic downturn.
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Supported by the continued decline in inventories, aluminum prices are expected to remain volatile
Time of Update: 2022-12-25
After a series of sharp declines, Lun Aluminum rebounded sharply after the overnight interest rate hike landed to close in Zhongyang, opening 0. 5% higher at $2628 today. Shanghai aluminum opened high
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Actual demand is still slightly weak, and Shanghai copper is running weakly
Time of Update: 2022-12-25
Shanghai copperOn the macro front, the Fed's June resolution statement took the most aggressive rate hike in nearly three decades, announcing a 75 basis point rate hike.
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Copper prices broke again Pay attention to risk aversion
Time of Update: 2022-12-25
At the same time, the pessimistic outlook for the economy has also weakened crude oil prices sharply, and copper prices have not been spared.
At the same time, the pessimistic outlook for the economy has also weakened crude oil prices sharply, and copper prices have not been spared.
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Non-ferrous metals collectively turned red and Shanghai copper showed a strong trend
Time of Update: 2022-12-25
Shanghai copperDuring the Asian session, London copper fluctuated and climbed, and the latest quotation at 15:01 Beijing time was 7337 US dollars / ton, up 163 US dollars, or 2.
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The fundamentals are weak, and the situation will not change, and Shanghai aluminum is under pressure to weaken
Time of Update: 2022-12-25
Weak demand is still one of the main factors affecting the weakening of aluminum prices, poor real estate data drags down market confidence, the effectiveness of the "guaranteed delivery" policy remains to be seen, short-term demand performance is difficult to improve, and aluminum ingot social library continues to accumulate, an increase of 5,000 tons from last Thursday.
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Weaker-than-expected demand recovery Shanghai copper continues its weak trend
Time of Update: 2022-12-25
Shanghai copperDuring the Asian session, London copper opened low and fluctuated downward, and the latest quotation at 15:01 Beijing time was 9281 US dollars / ton, down 107 US dollars, or 1.
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Both internal and external inventories are declining, and the support is strengthened below Shanghai copper
Time of Update: 2022-12-25
04%, the US July non-farm data exceeded expectations, boosting the dollar upward, but copper reflected this flat, intraday market atmosphere is warm, superimposed internal and external inventories are declining, copper prices below the support strengthened.
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The pressure above the rubber is still large, and it is advisable to wait and see for a short time
Time of Update: 2022-12-25
Affected by the epidemic in China, as well as the limited recovery of demand for industrial products in the rainy season and the suppression of the operating rate of tire factories by high temperature weather, the current demand is still biased, resulting in a slight recovery trend in domestic rubber social inventory.
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Short-term easing pattern is difficult to reverse Rubber is expected to rebound highly limited
Time of Update: 2022-12-25
As of August 11, the domestic all-steel tire operating rate was 59.
As of August 11, the domestic all-steel tire operating rate was 59.
As of August 11, the domestic all-steel tire operating rate was 59.
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PVC has a high probability of showing a bottom-range oscillation trend in the short term
Time of Update: 2022-12-25
3, the atmosphere in the PVC spot market today is calm.
3, the atmosphere in the PVC spot market today is calm.
3, the atmosphere in the PVC spot market today is calm.
3, the atmosphere in the PVC spot market today is calm.
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Market confidence is not enough, scrap aluminum or steady decline
Time of Update: 2022-12-25
This week's aluminum ingot fell sharply, scrap aluminum prices followed down, the decline was mostly between 100-200 yuan, the current East China aluminum alloy spraying old material mainstream around
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Demand reality is relatively weak Copper price center of gravity may have downside risks
Time of Update: 2022-12-25
Last week, copper prices hovered at a nearly one-month high, the main Shanghai copper opened high after the holiday, and then ran at 7. 23-73,000, as of 3 pm on Friday, the main 2207 contract closed a
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The short-term weak pattern of scrap aluminum remains unchanged
Time of Update: 2022-12-25
Scrap aluminumIn terms of the market, the market continued to decline, merchants generally reported that it was difficult to do business, and some merchants suffered serious losses and chose to stop collecting and wait and see; Due to market conditions and downstream orders, the demand for scrap aluminum raw materials has weakened, and the price pressure is obvious, mainly to consume the original inventory.
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The market is strong in risk aversion, and the trend of copper is weak
Time of Update: 2022-12-25
In view of the sustained impact of macro bearishness, the bearish outlook is maintained in the third quarter, and the main medium-term support level of Shanghai copper needs to pay attention to the 68,000 mark.
