-
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
Brief comment on the copper market, this morning Shanghai copper main 1906 contract opened at 49510 yuan / ton, after the opening of the center of gravity showed a volatile downward trend, before the afternoon has fallen below the 49400 yuan / ton mark, narrow range at 49390 yuan / ton line
.
Until the afternoon, the bears continued to enter the market, the center of gravity of Shanghai copper moved down, the price at 49330 yuan / ton to stop falling and rebound, but failed to break through the daily moving average, soon due to the impact of the stock market, copper price performance fell deeply, straight down to a low of 49110 yuan / ton, closed at 49240 yuan / ton, down 140 yuan / ton, down 0.
28%.
South Reserve East China: The average price of electrolytic copper is 49450 yuan, up 30, and the price of the month's premium is 20 to 100, up 10
.
At the beginning of the week, the shipholder's shipments were still relatively positive, but due to the narrowing of the basis, the intraday premium did not change much; However, the receiver is more hesitant, the willingness to receive the goods is weak, and overall, the transaction is not as good as last Friday
.
Copper premium to the current month premium of 100-110 yuan, up 10 yuan from last Friday; flat water copper premium 20-30 yuan, up 10 yuan; Wet copper discount 50-60 yuan, up 10 yuan
.
South China Reserve: Electrolytic copper 49480 yuan, up 10, the month's premium quotation: 80 to 100, down 10
.
Inventories continue to decline rapidly, shippers' quotations are still particularly strong, flat water copper +90, +100 yuan / ton in the morning, good copper due to warehouse receipt replenishment of sufficient supply, premium relatively weak, reported +100, +110 yuan / ton, and the receiver is afraid of high caution, transaction difficulties
.
Subsequently, the shipper took the initiative to lower the quotation by 10 yuan to 20 yuan, and the mainstream of flat water copper began to be traded at +80 yuan / ton, and good copper +100 yuan / ton or so
.
However, the monthly difference continued to narrow, and even once inverted 10 yuan, putting pressure on the spot premium, and there was a further downward trend
.
Overall, the market takes advantage of high shipments to be more active, spot circulation is abundant, but traders and downstream demand are lackluster, and trading performance is average
.
Today's Shanghai copper main force closed negative body lengthened the lower shadow, fell below the Bollinger mid-band position, the column position is supported by the 20-day moving average, the MACD indicator shows a green energy column to the downside, and the disk shows a positive signal
.
In the evening, the total number of existing home sales in the United States in March is expected to be 5.
3 million annualized lower than the previous value, and there is no external guidance in the evening, testing whether the main force of Shanghai copper can hold the position
of 49,000 yuan / ton.
