-
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 main 1804 contract of Shanghai copper opened at 53750 yuan / ton, after the opening with a small number of long profits to take profits, copper prices fell back to the daily average below 53485 yuan / ton around a narrow consolidation, up and down volatility of no more than 100 yuan / ton, the afternoon short position reduction exit, while bulls with a pour, copper prices returned to the daily moving average above, and finally closed at 53590 yuan / ton, up 820 yuan / ton
。 Intraday Shanghai copper far month contract increased significantly, Shanghai copper 1811 contract ~ 1902 contract each contract increased positions of about 7,000 lots, the second trading day after the new year bullish atmosphere hit strongly, Shanghai copper index net inflow of more than 700 million, Shanghai copper or will try to break through the 60-day resistance
.
In terms of external trading, London copper opened at 7166 US dollars / ton, after the opening of London copper fell slightly, and then around the daily average of 7145 US dollars / ton wide oscillation, in the afternoon, London copper rushed to 7165.
5 US dollars / ton after returning to the daily moving average near the daily average, after a short consolidation, affected by the dollar rebound, London copper quickly retreated, as of 17:31, London copper reported 7113 US dollars / ton, US crude oil reported 62.
52 US dollars / barrel, the dollar index was 89.
857
.
Watch for USD movements, London copper or test 10-day EMA support
.
In terms of the market, overnight copper prices soared nearly 1,000 yuan, Shanghai copper jumped above 53,000 yuan / ton, the next month price spread widened to 250 yuan / ton, far month contracts strongly increased their positions upward, the price difference between near month and far month narrowed from the original 750 yuan / ton to more than 600 yuan / ton, holders firm quotations, narrowing discount, morning market good copper quotations maintained the previous day's level discount of 210-200 yuan / ton, attracting trade speculators to receive, the second trading session good copper quotation was raised to a discount of about 180 yuan / ton, Some downstream enterprises entered the market to replenish goods, wet copper quotations narrowed sharply to a discount of about 300 yuan / ton, flat water copper did not see a large number of low price selling on the previous day, the quotation remained at a discount of about 250 yuan / ton, Bulgarian PASAR and other low-end sources also held steady at about
270 yuan / ton.
The enthusiasm of market trading has increased, the bullish confidence in copper futures and the good expectation of replenishment volume downstream next week have made holders strong willingness to hold prices, and the market has broken the deadlock and wait-and-see pattern, and the transaction is gradually warming up
.
In the afternoon session, the discount continued to narrow slightly, and the market activity weakened compared with the morning, because it was difficult to find low-priced sources, only some low-end sources had a small number of transactions, flat water copper discount 240-220 yuan / ton, good copper discount 190-180 yuan / ton, the transaction price was 52980-53170 yuan / ton
.
In terms of news, U.
S.
stocks rebounded and shocked, financial market restlessness fermented, the dollar index re-entered the 90-point mark, suppressing metal market confidence, London copper fell more than 3% to a low of $6,900 this month, dragged down by the sharp fall in the external market, the main force of Shanghai copper fell sharply more than 1,000 yuan / ton, still failed to rebound continued to narrow range, the current supply side turned back to abundance, in the case of almost stagnant demand for copper price support is weak, in the short term focus on whether Shanghai copper can regain support of 52,000 yuan
.
