-
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
Today's Shanghai copper is on a roller coaster trend
.
At the end of the day, the main 2105 contract of Shanghai copper closed at 65870, down 190, or 0.
29%.
The U.
S.
index remained strong, and the Shanghai copper rally momentum was insufficient during the day, and it fell
back under pressure in the afternoon.
The news surface is flat and superimposed on the copper entering the accumulation stage, and the copper price has fallen into a weak range
.
On the macro front, the epidemic situation in Europe improved, the United States rose slightly, and some emerging countries upgraded; Fed Chairman Jerome Powell reiterated his accommodative rhetoric and downplayed the risk of runaway inflation, with U.
S.
Treasury yields slowing down and the dollar weakening; Domestic currency growth has slowed down, but the recovery + inflation logic is still supported
.
On the supply side, the supply and demand between mining and smelting are still in a tight pattern, but the output of refined copper and the import of scrap copper have increased significantly
.
On the demand side, domestic inventories showed signs of turning around, spot premiums rose slightly, and foreign inventories were still increasing
.
The traditional peak season of the copper market is coming, consumption has not been completely repaired, we should continue to observe the rhythm
of consumption recovery.
Demand still needs to be verified, copper prices continue to fluctuate at a high level, and focus on the strength of lower edge support
.
