-
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 Tuesday, Shanghai copper bottomed out and rebounded, oscillating upward in the afternoon, the main month 1901 contract opened at 48930 yuan / ton, the highest intraday 49130 yuan / ton, the lowest 48670 yuan / ton, settled 48900 yuan / ton, closed 49100 yuan / ton, up 100 yuan, or 0.
20%.
At 15:00 Beijing time, the latest quotation of London copper was 6083 US dollars / ton, up 41 US dollars, or 0.
67%.
In the market, the domestic spot copper price fell, the Yangtze River spot 1# copper price was reported at 48870 yuan / ton, down 340 yuan, premium 80 - 100 liter; Shanghai spot 1# copper price was 48815 yuan / ton, down 305 yuan / ton
.
In the spot market, holders actively exchange cash and take the initiative to lower their quotations, but the downstream bearish inquiry willingness is not strong, and the transaction is still light
.
In terms of news, China and Singapore signed the "Free Trade Agreement Upgrade Protocol", upgrading six areas such as the origin rules of the original China-New Zealand Free Trade Agreement, and adding three new areas such as e-commerce, competition policy and environment, macro sentiment and the US dollar affecting copper prices
.
In terms of industries, China's refined copper production in September was 764,000 tons, up 2% month-on-month and 10.
4% year-on-year; From January to September, the cumulative output of refined copper in China was 6.
607 million tons, still maintaining double-digit high growth
.
Therefore, the supply of both copper concentrate and refined copper shows no signs of tightening, and the pressure on the supply side remains
.
LME copper stocks fell by 64,775 tonnes in October, a decline of 32%; COMEX copper stocks fell relatively modestly, down 16,286 tonnes; Domestic inventories bottomed out, increasing by 19,869 tons, an increase of 54.
4%.
It can be seen that domestic inventories have rebounded significantly, and on November 2, London copper stocks increased by 43,700 tons, and the sharp recovery of stocks still needs to be
treated with caution.
Intraday, Shanghai copper 1901 contract rebounded slightly, the end of the market closed at 49100, London copper 6000 US dollars repeatedly, short-term two markets are basically the bottom shock stage, for the spot, it is recommended to fall sharply to buy spot or the wisest, after all, the overall copper price is a bottom-building stage, Shanghai copper 1901 contract, no position can take long orders, there are many orders to continue to hold
.
