-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
-
Cosmetic Ingredient
- Water Treatment Chemical
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
On Monday, the main contract of Shanghai copper 1804 oscillated slightly, trading at 53750-53200 yuan / ton during the day, and closing at 53600 yuan / ton at the end, up slightly by 0.
02% on the day, and the integer mark of 54000 yuan / ton was suppressed
above.
In terms of term structure, the positive price difference between the Shanghai copper 1804 contract and the 1805 contract remained at 190 yuan/ton, indicating that the willingness of forward contracts to rise has risen
.
In terms of the external market, the Asian market London copper oscillation strengthened, of which the 3-month London copper intraday trading at 7179-7110 US dollars / ton, now trading at 7158 US dollars / ton, a slight increase of 0.
68% per day, the current London copper running above the main moving average group, the technical form is stronger than Shanghai copper
.
In terms of positions, on February 22, the position of London copper was 318,000 lots, a weekly decrease of 9,186 lots, indicating that bears actively covered to push copper prices higher
.
In terms of the market, on February 26, Shanghai electrolytic copper spot traded at a discount of 260-170 yuan / ton for the monthly contract, and the transaction price of flat water copper was 52820-52960 yuan / ton
.
A large number of traders in the morning market have returned, the willingness to raise the price is obvious, good copper willingness to quote a discount of about 160 yuan / ton, flat water copper at a discount of about 220 yuan / ton, the transaction is more wait-and-see
.
After 10 o'clock, some traders took the initiative to lower the quotation in exchange for imported copper, and the good copper was discounted to about 180 yuan / ton, and the transaction improved
.
There are divergences in the quotation of flat water copper, and the price of domestic flat water copper continues to rise to about 220 yuan / ton at a discount, but imported copper has been expanded all the way to a discount of about
260 yuan / ton.
The downstream gradually resumed work, the replenishment volume into the market gradually increased, and the downstream favored low-end imported low-price sources, resulting in the market discount by the low-end imported copper dragged down significantly, the price difference between low-end imported copper and domestic flat water copper widened to 30-40 yuan / ton range, trade speculators also took advantage of the situation to lower prices to receive goods
.
In terms of industry, Chinese customs data showed that China's copper ore imports in January were 1.
621 million tons, down 1.
85% month-on-month, but up 24.
94% year-on-year, of which copper ore imports from Mexico were 145864 tons, a sharp increase of 163.
68
tons year-on-year.
During the day, the Shanghai copper 1804 contract bottomed out and rebounded to 53,600 yuan / ton, as the market expected that China's copper consumption was expected to improve after the Spring Festival, and the import volume of scrap copper and copper concentrate fell month-on-month
.
In the future, with the arrival of the peak season, copper prices may maintain a volatile and strong trend
.
The short-term copper market investment atmosphere is more, it is recommended that the Shanghai copper 1804 contract can be backed above 53100 yuan to bargain more, the entry reference around 53500 yuan, the target focus on 54200 yuan / ton
.
