-
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 5702.
5 US dollars / ton
.
The new U.
S.
tax reform policy is coming, the bulk market responded in advance, the Asian session London copper was shocked to rise, but the rise process was slightly repeated, in the afternoon London copper recorded 5731 US dollars / ton, at the end of the Asian market, the US dollar rebounded, and the domestic black profit taking turned down, London copper bulls followed the trend to reduce positions, copper prices fell sharply to give up all the gains in the day, the low level of 5693.
5 US dollars / ton, into the European session, London copper low stabilized, evening London copper sharply rebounded, again exceeded 5730 US dollars / ton, and then deep V reversed, At the end of the day, it touched as high as 5738 US dollars / ton, closing at 5734.
5 US dollars / ton, up 20.
5 US dollars / ton, the trading volume increased by 140 lots to 12952 lots, and the position decreased by 983 lots to 332872 lots
.
Copper inventories continue to decline to support copper prices
.
As of Wednesday, copper stocks had fallen to 261,475 tonnes
.
Mining giant BHP Billiton Ltd.
cut its full-year copper production target amid a prolonged
strike at Chile's Escondida mine.
BHP Billiton expects copper production to be between
133 and 1.
36 million tonnes this fiscal year.
But Zambia's increase in production has worried the global copper market
.
Tom Albanese, chief executive of miner Vedanta Zambia, said Zambia could regain its status as
Africa's largest copper producer if it returns to full capacity.
Zambia's new smelting capacity brings copper concentrate production to 3.
6 million tonnes, up from the current 2.
9 million tonnes
.
Overnight, due to the obstruction of Trump's tax reform plan, the dollar rushed back down, and the price of non-ferrous metals such as copper and aluminum continued to rise
.
However, overall, in the absence of good demand expectation support, the pace of copper and aluminum growth has slowed down, and the space for continued rebound is very limited
.
