Recently led the collective rise of asphalt rubber chemicals

Yesterday, the domestic commodity markets rose across the board, black futures continue to lead, leading iron ore rose to three year high, coke rose nearly 5%. Nonferrous Metals strong rise, copper surged more than 5%, hit a new high stage. Chemical collective also rose, the asphalt rubber, hitting the daily limit, followed by the rise of methanol.

“2017 was the year of goods.” Industry analysts said that the supply side structural reform from the black line will be gradually extended to the field of non-ferrous metals and agricultural products, “The Belt and Road” and the expansion of the United States and India capital construction scale will enhance the commodity demand space. Commodities in 2017 is still brisk performance of investment products.

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Yesterday, the iron ore futures 1705 contract to maintain the trend of rising turbulence, hit a new high stage, rose to more than three year highs, closing at 712.5 yuan / ton, up 6.74%. Steel, coil were up more than 4%. Mandarin financial analysts believe that although the demand has not yet started after the Spring Festival, last week Yitie ore led by “black” larger fluctuation of funds to buy low enthusiasm. At present, although the social stock rose sharply, but the steel in the inventory and the financial pressure is not too big, so very price will strongly mills. From this year, around the steel to capacity and will accelerate the improvement of medium frequency furnace, supply release still constraints. The spot construction steel market ushered in the first year after the shock, mainly fell after the first rise, mainly due to the spot futures fell sharply, high inventory and other factors lead to fall, then the steel enterprises to increase the market maintenance support.

At the same time, foreign copper strike led non-ferrous metal copper fermentation. The main copper contract 1704 morning broke through the pre shock interval, rose to 50000 yuan / ton above the mark, the price rose to another new high stage, more than a two-year high, closed at 50120 yuan / ton, up 5.36%, 1702 contracts, 1710 contract hit a limit. Shanghai, Shanghai zinc and nickel rose more than 3%.

There is news that the temperature is getting warmer, the copper market will usher in the peak season demand, two of the world’s largest copper mine production was blocked, copper stocks continued to decline, the rise in copper prices rose, copper rose to more than 4.6% on Friday, a 20 month high of $6090 / ton, Asia time yesterday soared again more than electronic disk 1%, the maximum rose to $6204 per ton.

Analysts said that despite the rise of the direct fuse copper is the largest copper production stagnation to supply short-term tightening, but from the beginning of the trend, the supply and demand side warming and macro jollier is the root cause of the long full of confidence.

In addition, in December 19th last year hit a two month high of 345475 tons, copper stocks continued to decline. As of Friday, since this year the cumulative reduction of 23%, the demand for off-season inventory falling instead of rising to the Bulls greatly encouraged, and the two countries data even more investors hope for the upcoming season demand.

“After BHP announced the world’s largest copper mine in Chile’s Escondida copper strikes as force majeure to disrupt production. The problem of the world’s second largest copper export license of Grasberg project is still uncertain.” Analysts interviewed said that trade data China better than expected boost metal prices. In addition, Trump had released the next two or three weeks will launch the signal of large-scale tax reform, also led the market higher. Multiple positive resonance of metal support climbing.