-
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
Market review, on Friday, base metals generally rose, indicating that copper prices fell, and bears increased enthusiasm for entry
.
Among them, Shanghai copper opened high and went high, the 1811 contract trading range was 50850-50080 yuan / ton, and closed at 40800 yuan / ton at the end, up 1.
18%
on the day.
In the external market, as of 15:43 Beijing time, the three-month London copper was reported at 6290 US dollars / ton, up 0.
26% on the day, and its upper pressure level focused on 6300 US dollars / ton
.
In terms of the market, overnight Shanghai copper low rebounded, returning to 50500 yuan / ton a narrow range of shock, the morning market at the beginning of the holder maintained the previous day's quotation flat water copper premium of about 10 yuan / ton, good copper premium 40-50 yuan / ton, the market wait-and-see, buying is not good, good copper was the first to be pressed to 20-30 yuan / ton, flat water copper price to near Pingshui, trade speculation atmosphere is still not good
。 In the second section of the trading stage, due to the significant decline in transaction compared with the previous day, the holder took the initiative to reduce the quotation again, the lowest price of good copper can be pressed to 10 yuan / ton, the quotation of flat water copper is discounted 10 yuan / ton can also be traded at a low price, and the low price of flat water copper is increased, but the performance of good copper is not as favored as flat water copper, and the downstream in yesterday's concentrated bargain hunting, the intraday purchase volume declined, but maintained just need to buy
.
Shanghai copper rebounded slightly, market supply and demand performance sawed, holders were reluctant to excessively lower the premium in the countdown to the month, traders and downstream are mostly
bargain buying.
In terms of news, the Asian dollar index fluctuated weakly, now trading around 94.
961, as the US consumer price index (CPI) in September was lower than expected, greatly easing the market's concerns about the Fed's interest rate hike, coupled with the impact of US President Trump's third bombardment of the Fed this week, resulting in a weak
recent trend of the dollar index.
In terms of industry, SMM China's refined copper production in September 2018 was 716,800 tons, down 2.
78% month-on-month and up 4.
72% year-on-year, and the cumulative output from January to September was 6.
506 million tons, a cumulative increase of 11.
7%
year-on-year.
During the day, copper futures opened higher and higher, as the US CPI index in September was lower than expected, which greatly eased the market's concerns about the Fed's interest rate hike, coupled with the impact of US President Trump's third bombardment of the Fed this week, resulting in the recent weakening of the US dollar index, which is positive for copper prices
.
Operationally, it is recommended that the CU1811 contract is mainly based on pullbacks and longs, and the stop loss refers to 50,000 yuan / ton
.
