Sunday, December 12, 2010
Sound of a crash or noble metal slumped Jingxian Asian markets triggered the avalanche.
Yesterday, the London Gold Exchange, the lowest intraday March copper fell to $ 7,250, a record low since nearly a month; the international spot gold also dropping intraday low of $ 636.30. .Non-ferrous metals futures slumped Asian markets triggered the avalanche. .Indian stock index declines on Monday, the most fierce, the index was down limit and suspend trading for an hour; China, Hong Kong stocks plunged 507.84 points the biggest one-day drop in two years; Indonesia's stock market plunged 6.0%, Singapore's stock market fell 3.1%, Malaysia's stock market fell 2.0% .South Korea shares fell 2.7%, Japan's stock market fell 1.8% ... ... non-ferrous metal plate Shanghai and Shenzhen stock market yesterday continued to be under tremendous selling pressure, but fortunately non-ferrous metal stocks tumbled and the broader market did not cause greater impact on the Shanghai and Shenzhen ... ....】 【foreign futures mutation hot potato in recent non-ferrous metals non-ferrous metals futures market ups and downs, a week before or hot, but suddenly became a hot potato. .On Friday night, suddenly a strong rebound in the dollar index, triggering an avalanche of international non-ferrous metals market. .Many previous profit quite a lot of large investors have seized the opportunity in the hands of the asset exchange for dollars. .For a time, the dollar's surge in demand, the dollar index also triumph, the highest red to 85.35, nearly two weeks since the peak. .The LME copper and gold in New York but in rapid decline under severe selling pressure, and the end of nine weeks in a row to close the red disk undefeated myth. .Copper & weekly cumulative drop of 10.6%, the international spot gold also reached a single week of 7.75% cumulative decline. .Copper & $ 8,540 last week to open higher, the highest on the red $ 8,605, $ 7,475 minimum to explore, to close at $ 7,575 / ton, down $ 900 weekly; International spot gold opened higher to $ 717.80, touching $ 719.88 on the highest, lowest .fell to $ 652.50, to close at 659.40 U.S. dollars / ounce, down $ 55.4 a single week. .Insiders pointed out that a number of bad news to stop the advance of metal futures. .The first is the London Metal Exchange (LME) of a further rise in margin trading and clearing institutions; followed by the United States in April than expected CPI growth rate, which led to the market concerns about the Federal Reserve to continue raising interest rates; the third, the International Copper Study Group ( .ICSG) said in a statement, preliminary data show that in February the global copper market surplus 24,000 tons, seasonally adjusted surplus of 52,000 tons after. .This is generally accepted before the market point of view different from copper in short supply, which allows investors to supply and demand on the real price of copper had a doubt. .Asian markets fell】 【sound of a small stock market crash Jingxian resonance in the various unfavorable factors, Hong Kong stocks on Monday, its biggest one-day drop in two years, the Hang Seng Index fell 507.84 points to close at 15,805.5 points, or up to 3.1%, to 39.9 billion deal to enlarge .Hong Kong dollar. .Reported 15,688 a month, index points, fell 561 points. .Property sub-index fell 2.0%, the financial sub-index fell 2.9%. .The first heavyweight HSBC fell 3.3%, to close at 133.80 Hong Kong dollars. .P Plus seems bad at the same time from the four-hit, first in the deployment of the global mutual fund assets, profits at the same time a very thick open goods and stocks. .Not only in Hong Kong stocks fell on Monday, the entire Asia-Pacific stock markets sank in a reign of terror, where the most fierce Indian stock index decline, plunged 10% in intraday trading, the index hit bottom and suspended trading for one hour, but close to 4.2% decrease decrease. .In addition, Indonesia's stock market plunged 6.0%, Singapore stock market fell 3.1%, Malaysia's stock market fell 2.0%, Korean stocks down 2.7%, Japan's stock market fell 1.8%. .Regional stock markets of Hong Kong stocks fell without a doubt the most direct sell into power. .Asia-Pacific trading hours, last week, has plunged many of the international price of copper, gold, etc. are still plunged, Hong Kong stocks close, down 3.5% copper, gold fell 1.7%, the smaller drop in oil prices, fell below 68 dollars ./ barrel, down less than 1 dollars. .European stock markets opened yesterday, the three major indices also fell across the board. .As of 21:00 Beijing time yesterday, Frankfurt DAX index fell 1.14%, to 4893.66 points; Paris CAC40 index down 1.03%, to 4893.66 points; London FTSE 100 index fell 0.65%, at 5260.80 points. .London FTSE 100 index, the German DAX Index, CAC40 index in Paris fell 4.3% last week, total, respectively, 4.12% and 3.99%, with London's FTSE 100 index is highest in nearly four years, the biggest weekly decline. .As of 21:20 Beijing time yesterday, the Dow Jones 30 industrial average index rose slightly by 0.14%. .News】 【Deadline bottomed metal futures may continue to raise interest rates by the Fed and the Japanese yen and other factors decrease, the dollar index yesterday surged session, once turned on to 85.47, the highest since two weeks. .Thus non-ferrous metals futures prices fell under pressure, LME copper in March fell to $ 7,250 intraday low, the highest in nearly a month lows; international spot gold also dropping intraday low of $ 636.30. .However, the evening, despite drastic changes in the market, the dollar index finished lower, non-ferrous metals are large-scale opportunity to recover lost territory. .Copper & back above $ 7,500, Lun aluminum, gold and other metals are also not drop but rose again to play a return for investors heartbeat. .As of press time, LME copper Exchange reported $ 7,590 in March / ton, and in the last day of electronic trading, copper prices had dropped to $ 7,250 minimum; LME aluminum also pick up in March, the latest price reported $ 2,780 / ton ., off a low of $ 2,680. .Reported the lowest intraday spot gold $ 636.30 / ounce, last reported price of $ 647.75. .Yesterday, out of a pretty non-ferrous metal V-bottom, market analysis, a temporary rebound in metals prices is a rebound after days of Yindie. .Present a variety of serious oversold signals are displayed, some hot money see a pullback rate of deep re-intervention, thus pushing up metal prices. .【】 Non-ferrous metal stocks in Shanghai and Shenzhen stock markets hit bottom boom is followed by a continuous fall. .Non-ferrous metals from the Shanghai and Shenzhen stock price after the May Day holiday to enter the fast sprint, mended did not last long, last week, despite drastic changes in the international metal market, also made a continuous drop in the non-ferrous metal stocks in Shanghai and Shenzhen scarred many .non-ferrous metal stocks hit bottom row, the trend, short-term decline in equally astounding. .At the same time, the market funds have inflows to the variety of defensive signs. .Despite last Friday's non-ferrous metal plate fell in Shanghai and Shenzhen have lessened, but because of the international metal market on Friday night, continue to appear slump, dragging down the non-ferrous metal plate in Shanghai and Shenzhen yesterday to continue to be under tremendous selling pressure. .The disk can be seen from the two cities share the majority of non-ferrous metal opened low situation there, even intraday rebound, but immediately drew a bigger sell-off. .At the close, G gold, G Honda, G Jiangxi Copper, G clad aluminum, G Zhongfu, G Lu gold, G Yunnan Copper, G Bao titanium, Shandong Aluminum and other nonferrous metal shares were closed at limit. .Hong Kong stocks, the resource stocks also fell, Zijin Mining fell 13.79% yesterday to close at 3.75 Hong Kong dollars. .Statistics show, G gold, G Honda, G Jiangxi Copper, G clad aluminum, G Lu gold, G Yunnan Copper, G Bao titanium, aluminum and other nonferrous metals leading varieties in Shandong, the current round of market gains as astonishing in .. .Lu G Gold rose nearly 7 times the maximum, G Baoji Titanium rose nearly 10 times the maximum, G gold, G Honda is also the largest increase of 6 times. .Fortunately, the non-ferrous metal stocks on the Shanghai and Shenzhen recent crash did not cause greater impact on the broader market. .Some non-ferrous metal stocks fell more than 30% of short-term, but the gains were still up in Shanghai and Shenzhen last week, 3.54% and 4.69%, Shanghai edged down 0.11% yesterday, finally, the Shenzhen market was up 0.02%. .Capital flows from the point of view, non-ferrous metal stocks at low tide, the market has been active in fund inflows to the variety of defensive signs. .Disk can be found from the recent, airports, roads, ports, electricity, steel and other species have defensive start, that the market's enthusiasm did not do more because of non-ferrous metal stocks fell and hit hard. .【China】 Shanghai copper futures limit down by three outside Shanghai aluminum plate, the domestic non-ferrous metal species appear deep rate correction yesterday, Shanghai copper, Shanghai aluminum blocked across the board again in the daily limit. .In the last five trading days, Shanghai copper, Shanghai aluminum three limit. .Some analysts pointed out that the graphics from a technical point of view, the domestic metal futures have constituted a more distinct head posture; precious metals, gold and silver continue to show weakness. .Shanghai Gold Exchange trading within the main varieties of Au9995, Au9999 both fell 6% yesterday, the Shanghai Hua Tong silver, platinum silver trading market quotes from the previous day decreased by 45 yuan / kg. .Domestic metal futures contracts to limit down yesterday, have no doubt that opening, as an external disk market in Budie. .Shanghai copper contract Pudie 2870-3090 all points ranging from 0608 down 3090 points main contract, to close at 73,920 yuan / ton, the highest point on Monday to create than 85,550 yuan, down 11,630 yuan, a short period of one week decline reached .staggering 13.6%; In addition, the main Shanghai aluminum futures fell 880 points to 0608 21,010 yuan / ton, and on Monday hit its highest point than 24,830 yuan, down 3,820 yuan, a drop of as high as 15.4%. .If we say analysts last week as metal prices will also rise further and argue, then to yesterday, the metal products will be adjusted in the short term has become a basic consensus of market participants. .Northern Futures analyst Yang Wenhu that the main driving force of metal falling from the profit-taking disk, due to huge price increases early, so market adjustment is amazing. .Shuang Li Jinrui Futures Analysts believe that the metal pre-or too large, too fast up-speed, open investment funds is also reasonable profit. .However, signs of global economic recession is not in China, India the two countries remains strong demand for metals, so metal prices will rise again in the appropriate forum, but also admitted that Li Shuang, at least in the short term, a sharp rise in the metal are less likely..
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