July 22 Copper Aluminum Zinc Lead Tin Nickel Early Review
A short comment on the price of copper in the Yangtze River: The European Central Bank raised interest rates more than expected, and London copper closed down 0.43% overnight; factory activity in the United States declined in July, and domestic copper production continued to recover, superimposed on the market's fear of falling, and copper is expected to fall slightly today.
A short comment on the price of Changjiang aluminum: the dollar fell while the stock market rose, and London aluminum closed up 0.72% overnight; the depletion of Shanghai aluminum inventories did not drag down the price, but downstream consumption was no longer strong, and the transaction was not ideal. Today, aluminum may fall slightly.
A short review of zinc prices in the Yangtze River: The European Central Bank raised interest rates by 50 basis points more than expected, and London's zinc fell 1.12% overnight. The import of refined zinc fell sharply in June, and the fundamentals of supply and demand showed a weak balance. Today, zinc may fall.
A short review of lead prices in the Yangtze River: The expected tightening of overseas liquidity is expected to increase, and the lead in London fluctuated and closed down 1.07% overnight; the global lead market was oversupplied in May, and the increase in terminal consumption was not as good as the recovery of supply.
A short comment on tin price in the Yangtze River: The European Central Bank raised interest rates for the first time in 11 years, and the tin fell by 1.22%; the domestic refinery resumed production with cautious funds, and the operating rate of tin and solder companies is low, and consumer demand is weak. Today, tin may fall.
Short Commentary on Changjiang Nickel Price: U.S. stocks rose for three consecutive days, and London Nickel closed up 2.13% overnight; new energy vehicle production and sales boomed, but nickel was weakened by macro-repression fundamentals, ferronickel was in a stalemate, and downstream demand was not optimistic. Today, nickel may be a small rise.
