-
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
On Monday, the main force of Shanghai copper as a whole oscillated along the daily moving average, standing above the 10-day moving average, entering a new operating space
.
On the market, bears temporarily withdrew, and bulls returned to the market
.
The trade war at the macro level continues, suspending the negative impact
on copper prices.
It is expected that Shanghai copper will be based on the 50,000 yuan / ton mark in the near future, waiting for the opportunity to break up, and test the breakthrough ability
of 50,300 yuan / ton in the evening.
In terms of external trading, London copper closed the market, focusing on the final value
of the US Markit manufacturing PMI in March.
In terms of the market, the spot copper price of Shanghai nonferrous metal trading center was reported at 50010-50090 yuan / ton, up 330 yuan / ton from the previous trading day, intraday spot discount narrowed to C140-C80 yuan / ton, the morning copper price high maintained volatility, holders continued to hold prices, due to the current month and near month price difference narrowed sharply, arbitrage space is weak, middlemen wait-and-see, the later copper price rebound, downstream pre-holiday stock demand began to show, market trading slightly improved
.
In terms of news:
1.
According to the Ministry of Finance, from April 2, China suspended its tariff reduction obligations on 128 imported goods in seven categories originating in the United States, and imposed tariffs on the basis of the current applicable tariff rates, with a tariff rate of 15% for 120 imported commodities such as fruits and products, and a tariff rate of 25%
for 8 imported commodities such as pork and products.
The current bonded and reduced tax policies remain unchanged
.
2.
U.
S.
government officials said that the government will release a tariff list for Chinese exports to the United States this week, which is basically for high-tech products, corresponding to exports of 50 billion to 60 billion US dollars, and will officially take effect
in about two months.
In the morning, China's State Council suspended tariff reduction obligations on 128 imports in 7 categories originating in the United States from April 2, 2018, and the market fell sharply, but copper prices recovered their losses later on the short-term boost by the strengthening of the manufacturing index
.
Market sentiment has been shaping copper prices, and will remain volatile in
the near future.
From the perspective of futures, the main MACD dead cross and KDJ gold cross of Shanghai copper, the bottom rebound of the price has successively stood on the 5-day and 10-day moving averages, but the upper trend line counterpressure may make the rebound weaker
.
