On the 20th, the overall trend of the market was more divergent. The egg futures in agricultural products returned to the rising trend. Soybeans and oysters were strongly affected by the auction of the National Reserve and the soaring pork prices. Futures were weak, glass was more than 2%, and base metals narrowed. Some analysts said that due to the pessimistic expectations of the real estate market, the market is worried about the demand for industrial products such as glass. In the short term, industrial products will continue to be under pressure. Grow Light For Indoor Plants 220w
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On Tuesday, glass futures suffered a heavy setback. The main 140 closed at 1,158 yuan / ton and hit a new low, down 28 yuan or 2.36%. The data shows that this year, the new construction area of ​​China's housing and the sales area of ​​commercial housing have all declined year-on-year. In March, the new construction area of ​​housing decreased by 25.2% year-on-year, and the sales area of ​​commercial housing decreased by 3.8%. The newly started housing area has fallen sharply year-on-year, seriously affecting the demand for glass.
According to the trend of specific varieties, due to the approach of the Dragon Boat Festival, the stock market sentiment sentiment was high. In addition to the previous bird flu sequelae, the supply of eggs in the market was tight, supporting futures prices to return to the uptrend. At the close, the main contract of 1409 closed at 5266 yuan / 500 kg. It rose by 84 yuan or 1.52%.
Shanghai copper shocks rose slightly, the main 1408 contract closed at 48,810 yuan / ton, up 190 yuan / ton. On the face of the disk, today's Shanghai copper plate rallied slightly, reducing the gains. On the fundamentals, it is currently in the peak season of the traditional manufacturing industry in the northern hemisphere, and seasonal characteristics boost copper consumption. However, this week's focus is on the minutes of the Fed's April meeting and the China's HSBC manufacturing PMI in May. It is expected to be neutral, so it is necessary to be cautious about the rebound of copper prices. Short-term Shanghai copper may continue the overall strong trend. Period aluminum narrowed the gains, the main contract 1407 closed at 13125 yuan / ton, up 15 yuan / ton. Recently, Shanghai Aluminum has been passively rising with the rise of surrounding basic metals, but its top selling pressure is heavier. The current spot price is stagflation relative to the futures price, and the discount is gradually expanding. Under the premise of high output, the Shanghai period Aluminum gains are limited.
Dalian palm oil futures weakened adjustment, the main 1409 contract closed at 5,900 yuan / ton, down 54 yuan. Overnight oil prices have fallen, putting pressure on the domestic oil market today. The export data of Malaysian palm oil in the first 20 days of this month is actually slightly lower than the previous market speculation, and China's imports have decreased, indicating that demand has shrunk and pressured the plate price. Since March, domestic palm oil imports have declined, demand has picked up slowly, and port inventories have remained high. In the short term, there is still a need for adjustment of palm oil. Soyoil futures continued to fall, the main 1409 contract closed at 6764 yuan / ton, down 30 yuan. Overnight oil prices have fallen and pressured the domestic soybean oil market. However, due to the release of the National Reserve Soybean auction and the Malaysian palm oil export data today, the market waited for a wait-and-see atmosphere, which suppressed the decline in the price of the disk. The contradiction between domestic oil supply and demand in the short and medium term has become more prominent, and the pattern of “sweet oil and weak†is expected to continue, and the downside of soybean oil prices still exists.
Egg futures return to the rising glass, plummeting over 2%
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