-
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
Overnight, London copper opened at 5746.
5 US dollars / ton
.
Affected by the strike of the southern copper industry during the Asian session, bulls increased their positions and poured in, driving copper prices to fluctuate upward, and then London copper around the high of 5765 US dollars / ton shock consolidation; Entering the European session, with the fall of European stocks, long liquidation outflow, copper prices turned down, low broke through the daily moving average, with the LME announced that copper inventories fell by 6900 tons, Lun copper low rebound to the high of the day, above there is still pressure, copper prices back to the daily moving average after the short cover, London copper rebounded sharply to 5792 US dollars / ton, high pressure Lun copper immediately plunged to the low since the end of March 5710 US dollars / ton, the end of the low rebound, closed at 5768 US dollars / ton, up 13 US dollars / ton
。
In terms of inventory, LME inventories are currently low, and CASH discounts continue to expand, indicating that inventories are also higher
outside China.
At present, the inventory of LME+COMEX+Previous Institute + Free Trade Zone is about 1.
44 million tons, which is at a relatively high level
.
At present, copper prices are in the contradiction between small new marginal supply and high stage inventory, resulting in narrow fluctuations in copper prices, but it is still believed that the future to inventory exceeds expectations, and short-term copper prices are mostly involved
.
On the supply side, BHP's Chilean copper mine resumed production last week, and Freeport said it was waiting for the final details of Indonesia's temporary export license, but southern Peruvian copper workers began an indefinite strike on Monday, and overall the impact of supply disruptions on the market gradually eased
.
In terms of data, today we will focus on China's industrial producer price index
for March.
Overnight, the lower edge of the London copper probe track was not reached, supported and rebounded, closed small white line, geopolitical crisis continued to ferment base metals were suppressed, it is expected that London copper is still weak and volatile, the operating range is 5730~5780 US dollars / ton
.
Pay attention to China's inflation performance in March
.
