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China's domestic energy and chemical products market is experiencing a general decline

China's domestic energy and chemical products market is experiencing a general decline

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2015-07-24 15:34
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(Summary description)

China's domestic energy and chemical products market is experiencing a general decline

(Summary description)

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2015-07-24 15:34
  • Views:
Information

It is reported that, except for the precious metals market, the metal market fell generally. Weak data from China's manufacturing industry has caused market concerns about the demand of the world's top copper consumer, and rising inventories have also put pressure on copper prices. Shanghai copper fell and fluctuated within the day, but the main decline was not large. The domestic upstream and downstream shipments and receipts have increased to varying degrees, and the copper market trading atmosphere has gradually improved. Shanghai Aluminum fell slightly, and aluminum prices still face resistance in the short term. It seems that it is due to insufficient confidence in its funds. Some market participants maintain a wait-and-see attitude.

  The overall market for agricultural products is also weak. The corn futures price dropped, the surplus grain in the Northeast producing area bottomed out, the grain sales in Hebei continued to accelerate, and the supply and demand in the sales area rose steadily. Looking at the high pressure on the plate, the previous singles held on the sidelines. Zheng Mian is under pressure, and the current demand for refined cotton is weak. Refined cotton mills are not very motivated to purchase short staple. Most of them are mainly on-demand. The wait-and-see mood is still there. The terminal demand is weak. It is expected that the overall market for cotton linters will be stable. Weak operation.

  The energy and chemical products market fell. The L trend fluctuated and adjusted, and the long and short competitions were fierce. At present, the pressure on the L9600 point is still heavy, and it is difficult to stabilize for the short term. Fundamentally, the prices of petrochemicals continued to increase, and the atmosphere of market speculation was strong, but the terminal demand continued to be flat, which limited some of L's upward trend. With a narrow range of PP consolidation, the sharp increase in spot prices combined with good futures technology, the upward momentum of futures prices has not been weakened, and more light continues to hold. In terms of rubber, the main shock is consolidation. Recently, the intensity of rubber shock washing has been increased again. In the short term, there is a need for technical repairs. In the later period, the long-term thinking is still unchanged, focusing on the pressure of 13300. The rubber has now recovered most of the previous loss. Point 13635 line.

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