According to my non-ferrous network monitoring data, today's domestic non-ferrous metal spot prices have mixed, most of which have risen slightly in different ranges. Among them, the spot market price of tin in Shanghai has reversed 250 yuan/ton.
According to the market feedback information, the spot copper market rose sharply due to the increase in the price of premiums, and the discounted water shipments began to increase. The discounted water price was around 200 yuan. The spot aluminum market has a strong willingness to ship cargoes, but the downstream market is still pessimistic about the trend of the market, and the volume of sales is light. The spot bullish market upstream manufacturers reluctantly sold more sentiment, and the downstream has continued to wait and see. The transaction is not very satisfactory.
Today's market, both internal and external disk performance are relatively strong, Shanghai Metals continued to rebound trend, showing a trend of high order shocks, with a slight increase, in addition to Shanghai aluminum slightly weaker, other types of daily gains are more than 1%. The external disk LME** is a strong intraday high during the Asian trading session. Currently, LME zinc led the gains in March, which rose more than 2%. LME copper’s latest price in March was US$7,767/ton, a rise of 1.78%.
In the non-ferrous metal price index, according to my non-ferrous net monitoring data, today's non-ferrous metal price index rose by 80 yuan to 44,182 yuan/ton, a daily increase of 0.18%. As for the specific varieties, the price index was mixed, among which the copper, lead and zinc indices all rose slightly, while the aluminum, tin and nickel indices retraced slightly.
In terms of macro news, the US manufacturing purchasing managers' index (PMI) was 49.7 in June, which was a significant drop from May's 53.5, far lower than market expectations. This is the first time since July 2009 that the index has fallen below 50, indicating that its economic recovery has slowed down significantly.
The manufacturing data released by the euro zone on the same day also performed poorly. In June, the final value of the euro zone's manufacturing PMI was 45.1, which was the same level as in May, the lowest since June 2009; the final value of the German manufacturing PMI in June For 45, hit a new low in three years. This series of economic data are all weak and unable to bring about a rising momentum in the metal market. As a result, they once again trigger market expectations for the policy. The cumulative effect of the loosening of previous policies may gradually increase the focus of metal shocks.
Consumers are now exiting the market, the short-term non-ferrous metals market will continue to maintain the trend of shocks, and late to remain concerned about the European Central Bank meeting on Thursday and Friday's US employment data.
According to the market feedback information, the spot copper market rose sharply due to the increase in the price of premiums, and the discounted water shipments began to increase. The discounted water price was around 200 yuan. The spot aluminum market has a strong willingness to ship cargoes, but the downstream market is still pessimistic about the trend of the market, and the volume of sales is light. The spot bullish market upstream manufacturers reluctantly sold more sentiment, and the downstream has continued to wait and see. The transaction is not very satisfactory.
Today's market, both internal and external disk performance are relatively strong, Shanghai Metals continued to rebound trend, showing a trend of high order shocks, with a slight increase, in addition to Shanghai aluminum slightly weaker, other types of daily gains are more than 1%. The external disk LME** is a strong intraday high during the Asian trading session. Currently, LME zinc led the gains in March, which rose more than 2%. LME copper’s latest price in March was US$7,767/ton, a rise of 1.78%.
In the non-ferrous metal price index, according to my non-ferrous net monitoring data, today's non-ferrous metal price index rose by 80 yuan to 44,182 yuan/ton, a daily increase of 0.18%. As for the specific varieties, the price index was mixed, among which the copper, lead and zinc indices all rose slightly, while the aluminum, tin and nickel indices retraced slightly.
In terms of macro news, the US manufacturing purchasing managers' index (PMI) was 49.7 in June, which was a significant drop from May's 53.5, far lower than market expectations. This is the first time since July 2009 that the index has fallen below 50, indicating that its economic recovery has slowed down significantly.
The manufacturing data released by the euro zone on the same day also performed poorly. In June, the final value of the euro zone's manufacturing PMI was 45.1, which was the same level as in May, the lowest since June 2009; the final value of the German manufacturing PMI in June For 45, hit a new low in three years. This series of economic data are all weak and unable to bring about a rising momentum in the metal market. As a result, they once again trigger market expectations for the policy. The cumulative effect of the loosening of previous policies may gradually increase the focus of metal shocks.
Consumers are now exiting the market, the short-term non-ferrous metals market will continue to maintain the trend of shocks, and late to remain concerned about the European Central Bank meeting on Thursday and Friday's US employment data.
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