 Home > Chemicals Industry > New Chemical Materials > August 21 Shanghai copper morning review

August 21 Shanghai copper morning review

 Last Update: 2022-12-06
 Source: Internet
 Author: User

Tags

spot welding near

1 8 ferrule

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

On Friday, the main force of Shanghai copper 1710 showed a trend of rushing back down, opening at 51100 yuan / ton, after the opening straight line to 51300 yuan / ton, then the bulls closed the position and left the market, copper prices fell sharply to the 20-day moving average of 50680 yuan / ton after stopping the decline repair, the end of the session rushed up the daily average to 51030 yuan / ton, and finally closed at 50980 yuan / ton, up 70 yuan / ton, and the warehouse increased by 3604 lots to 228,000
.

Shanghai copper

In terms of the market, as of 2017-8-18, the spot price of 1# copper is 50530 yuan / ton, up 670 yuan / ton from the previous week, and the discount of the near-month contract is 400 yuan / ton, last week the 1709 contract completed delivery, the delivery period premium follows the basis change, the overnight price difference before delivery is about 130 yuan / ton, the spot quickly rises to 20 yuan / ton - 90 yuan / ton, return to the discount after the month, the proportion of good copper is small, the discount is still attractive, the transaction is good, the downstream is afraid of heights, Keep buying appropriately when pulling back, and the spot is stable at a discount of 140-90 yuan / ton
.

At present, the US dollar is still weak, increasingly strict environmental protection inspections and stable demand growth make the metal sector bullish atmosphere, copper prices still maintain an upward trend, in the short term will maintain a high level of consolidation, currently no turning signal, it is expected that today's Shanghai copper 1710 range of 50750-51100 yuan / ton
.
In terms of spot, the current source of good copper is small, the downstream only maintains just need to take the goods, today is expected to discount 120-discount 90 yuan / ton, downstream can bargain replenishment
.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

9,10-Diphenylanthrac

CAS No.: 1499-10-1

$1-1.2/MT FOB

High Quality Polar Solvent 99.99% Ethylene carbonate/Ethylencarbonat/ EC CAS 96-49-1

CAS No.: 96-49-1

Pharmacy Grade

$1-1.2/MT FOB

High quality Fluorescent Brightener CBS-X 98% TOP1 supplier in China

CAS No.: 27344-41-8

Industrial Grade

$3/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.