Financial Associates Bee Network & COFCO Futures

time:2022-12-02 01:13:44 source:clevelanddrifters.com author:Aerospace stock
Financial Associates Bee Network & COFCO Futures

Since the beginning of this year, the overseas conflict between Russia and Ukraine has caused violent fluctuations in energy prices. At the same time, the Federal Reserve has raised interest rates and reduced its balance sheet, which has driven commodity prices to start a downward cycle. Domestic epidemics have been scattered frequently, logistics have been blocked, the real estate market has been running weakly, and the speed of infrastructure projects has been passively slowed down. The industrial metal market demand is facing triple pressures of demand contraction, supply shock, and weakening expectations. Under the influence of multiple factors, market research and judgment is more difficult. The terminal demand of the steel industry chain has weakened, the cost of raw materials has increased, and the volatility has exceeded expectations. The overall difficulty of operating upstream and downstream of the industry chain has increased. Steel companies and coke companies have continued to lose money, and steel companies have passively reduced crude steel production. The electrolytic aluminum market peaked at the beginning of the year. After that, with the reduction of domestic demand, the cost of water and electricity increased, the pressure on the supply side increased, the aluminum price gradually became weak, and the profitability of aluminum enterprises decreased month by month. With the continuous efforts of the country's policies to stabilize the economy and growth in the second and third quarters, the macroeconomic market began to improve. The demand in the downstream automobile, machinery, and home appliance industries has shown signs of marginal improvement in the past two months, infrastructure investment has gradually increased, the decline in real estate has slowed down, and market confidence has slowly recovered. After entering September, the high temperature and rainy season will pass, and the traditional peak season for industrial metals will come. How will the "Golden Nine Silver Ten" market be interpreted this year? Can downstream real estate, infrastructure, and industrial demand continue to improve? How much increment can the demand for new energy and new infrastructure bring? Can the cost of raw materials such as energy and ore come down? Will the overseas energy crisis cause a shortage of supply in the external market, and how will the intensifying rate hike by the Federal Reserve affect the industrial metal market? The Financial Associated Press Bee.com and COFCO Futures jointly launched the online special series "Please Answer 2022" for industrial products. Yang Xiaohan, Executive Director of COFCO Futures, Zhao Yi, Nonferrous Analyst of COFCO Futures, and Chen Yingfan, Senior Black Researcher of Hangzhou Huishi Private Equity Fund Co., Ltd., will jointly explain the interpretation. The latest developments and trends in the black and non-ferrous bulk markets. Conference registration link: https://www.wjx.cn/vm/mUtPo1O.aspx#

(Responsible editor:Aerospace stock)

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