-
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 Friday, the Shanghai copper main 1807 contract opened at 51620 yuan / ton in the morning, falling slightly at the beginning of the session, and slowly rising after testing down 51510 yuan / ton, hindered by the 51640 yuan / ton line
.
In the afternoon, after a brief finishing at 51570 yuan / ton, it was dragged down by the external disk and fell continuously, reaching 51380 yuan / ton
.
Low-level bears have successively reduced their positions, boosting copper prices to recover
.
The upward trend continued at the end of the day, closing at 51490 yuan / ton, up 140 yuan / ton
.
In terms of external trading, London copper opened at 6904 US dollars / ton, fell slightly at the beginning of the session, tested down 6885 US dollars / ton after the decline slowed, the shock ran in the range of 6885 ~ 6895 US dollars / ton, but still under pressure on the daily moving average, copper prices fell further to 6869 US dollars / ton
in the afternoon.
Entering the European time, the dollar turned down, copper prices turned from falling to rising, jumped to 6922 US dollars / ton and then briefly adjusted, and then continued to touch 6942 US dollars / ton after the rally slowed down
.
In terms of the market, Shanghai copper continued to bear the pressure of 51500 yuan / ton trend, the spot market is even more low sentiment, the 25th long order is basically nearing the end, the demand for monthly tickets is also declining, although there are holders of the monthly ticket quotation is still high in the discount 80 ~ 30 yuan / ton line, but the inquiry demand has been obviously scattered, the proportion of the next month's ticket source has increased, the price can be reduced to flat water copper discount of about 100 yuan / ton, good copper can be reduced to a discount of 60 ~ 50 yuan / ton, wet copper performance continues to stabilize at the discount of 150 yuan / ton / tons or so
.
The supply of goods is still abundant, and under the downstream demand, the long order transaction ended that month, trade speculation was lackluster, and the stalemate pattern was shown around 100 yuan
.
In the afternoon session, copper futures continued to decline, holders had no intention of continuing to expand the discount, and traders lacked buying interest
.
The overall transaction is average, and the market activity is poor
.
In terms of news, the latest minutes released by the US Federal Reserve hinted that higher inflation does not necessarily lead to an accelerated
pace of interest rate hikes.
So far this year, the Fed has raised rates only once at its March meeting, and the number of policymakers now expecting two and three more hikes this year is roughly equal
.
Investors are overwhelmingly expecting the Fed to raise interest rates
at its next policy meeting on June 12-13.
The main 1807 contract of Shanghai copper maintained a range-bound pattern during the day, and from a technical point of view, it is currently trapped between the moving averages, and there is a certain pressure on the upper 5-day and 60-day moving averages, and the KDJ tends to diverge
.
It is expected that the shock will continue, standing above the line of 51,500 yuan / ton, and pay attention to the trend of the external market
.
