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Brief review of Shanghai aluminum on March 23
Time of Update: 2022-12-24
Shanghai aluminumOn the macro side, the LME did not sanction Rusal to alleviate the pessimistic atmosphere in the market to a certain extent, while the United States and Britain reached an agreement to cancel the British aluminum tariff, which also boosted the circulation of aluminum products in the market, and the supply hidden dangers narrowed, which was to a certain extent favorable to short-term aluminum prices.
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Aluminum prices open high and go high in the short term or remain strong
Time of Update: 2022-12-24
In terms of spot, the price of A00 aluminum ingots on April 18 was reported at 21720 yuan / ton, up 270 yuan / ton from the previous day.
In terms of fundamentals, the import of unwrought aluminum and aluminum products in March was 197,000 tons, a year-on-year decrease of 4.
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Market demand is weak, Shanghai copper is weak and volatile
Time of Update: 2022-12-24
Shanghai copperOn the macro front, yesterday, after the Fed completed a 50 basis point interest rate hike, market volatility began to appear, the dollar fell back in a short time, once again showed a strong trend, standing back to the 103.
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Risk aversion heats up, copper prices are expected to fall first and then stabilize in the short term
Time of Update: 2022-12-24
Europe and the United States expanded sanctions against Russia, and the tension between Russia and Ukraine drove the market risk aversion to heat up again, and under the pressure of macro surfaces, the short-term is expected to decline first and then stabilize.
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Market risk aversion heats up, Shanghai copper runs weakly
Time of Update: 2022-12-24
Overall, market risk aversion continues to heat up, while the slow pace of downstream resumption of work after the domestic holiday coupled with downstream replenishment demand is still not good, coupled with the sharp rise in copper prices to curb demand, inventory dematerialization will begin to slow down, there is resistance above copper prices, and copper is expected to fall.
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Shanghai aluminum afternoon review on March 23
Time of Update: 2022-12-24
Shanghai aluminumOn the macro front, the dollar index remained in a high narrow range in the last trading day, although some Feds are more dovish, but Fed Chairman Powell said that there is a possibility of a single rate hike of more than 25BP, the dollar is supported to strengthen, the United States is still in the process of raising interest rates, and the dollar is supported below.
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March 28 Copper Market Morning Review
Time of Update: 2022-12-24
Copper CityAt the macro level, the geopolitical events of Russia and Ukraine have not eased; The high-frequency data of the domestic economy is weaker than expected, and further action by the state is still needed for easing; The Fed's rate hike boots landed, in line with expectations, but crude oil rebounded and inflation continued.
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Metal in the internal market closed down and the decline in Shanghai copper narrowed
Time of Update: 2022-12-24
Overall, the Fed's interest rate hike has landed, the current negotiations between Russia and Ukraine have not yet been finalized, and the domestic epidemic has impacted both supply and demand, and multiple factors have added uncertainty to the current copper price.
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April 18 London Copper Afternoon Review
Time of Update: 2022-12-24
London copper afternoon comment: the domestic central bank cut the reserve requirement is good for metals, Shanghai copper Friday night shock closed up 0.
London copper afternoon comment: the domestic central bank cut the reserve requirement is good for metals, Shanghai copper Friday night shock closed up 0.
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February 25 Lun aluminum noon review
Time of Update: 2022-12-24
Geopolitical risk escalation, boosting aluminum prices upward, Lun aluminum updated a new record high, overnight Lun aluminum high volatility, the latest closing quotation of 3365 US dollars / ton, closed up 71 US dollars, an increase of 2.
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April 20 London Copper Afternoon Review
Time of Update: 2022-12-24
London copperThe US dollar continued to strengthen and put pressure on nonferrous metals, overnight London copper high retreated, the latest closing quotation of 10324 US dollars / ton, closed down 8 US dollars, down 0.
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January 26 Lun aluminum noon review
Time of Update: 2022-12-24
Lun aluminumOverseas natural gas prices soared, further deepening the expectation of production cuts in overseas aluminum plants, overnight Lun aluminum strong trend, the latest closing quotation of 3095 US dollars / ton, closed up 57 US dollars, or 1.
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February 15 copper market morning review
Time of Update: 2022-12-24
Copper CityAt the macro level, the situation in Russia and Ukraine affects market sentiment; US inflation data exceeded expectations, expectations of interest rate hikes increased sharply, and the dollar index rebounded; Energy prices such as crude oil rose sharply, and inflation expectations increased; Domestic wide credit is verified by data.
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Fed makes hawkish comments again Copper prices continue to strengthen in the short term
Time of Update: 2022-12-24
Shanghai copperDuring the Asian session, London copper fluctuated sharply, and the latest quotation at 15:01 Beijing time was 10277 US dollars / ton, down 3 US dollars, or 0.
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Brief review of Shanghai copper on March 21
Time of Update: 2022-12-24
In the short term, copper prices will remain volatile at a high level.
In the short term, copper prices will remain volatile at a high level.
In the short term, copper prices will remain volatile at a high level.
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PVC price fall adjustment The supply and demand side is still expected to improve
Time of Update: 2022-12-24
PVCOn the macro front, the minutes of the Fed's monetary policy meeting in early April believe that if inflation pressures fail to ease in the future, one or more interest rate hikes of 50 basis points (BP) may be required, and it is expected that the market will experience a process of accelerated Fed tightening in May-June, and overseas risk appetite will disturb the domestic commodity market atmosphere.
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April 12 copper market morning review
Time of Update: 2022-12-24
Copper market early comment: Shanghai copper main futures contract fell slightly on Monday, spot premium 165 yuan per ton, unchanged from last Friday, refined waste spread maintained at more than 5,000 yuan per ton, still no sign of falling.
On the macro front, China's PPI rose 8.
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May 9 Shanghai copper brief commentary
Time of Update: 2022-12-24
Shanghai copperOn the macro front, copper prices continued to fall due to the pressure of downward expectations of global economic growth and inflation concerns that are difficult to reverse.
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Low inventories continue Copper prices maintain a strong volatile pattern
Time of Update: 2022-12-24
Heading into February, copper fundamentals are not very strong, but with higher crude oil prices and energy crunching issues likely to continue to disrupt the market, the resulting rise in inflation expectations may have a positive impact on copper prices, along with the fact of low inventories.
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January 5 copper market morning review
Time of Update: 2022-12-24
Copper CityFundamentally, MMG welcomes the removal of roadblocks following a meeting held in Chumbivilcas Province on December 30, 2021 in Chumbivilcas Province, which was attended by company representatives, national, regional and local government officials, elected and community representatives regarding the disruption of public road transportation 200 kilometers from the Las Bambas mine in Chumbivilcas Province, Peru, according to the Minmetals Resources announcement.