-
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 Wednesday morning, the main 1810 contract of Shanghai copper opened at 48920 yuan / ton, and after the opening, the short position increased, and the center of gravity of copper prices sank slightly, running along the 48860 yuan / ton line
.
At noon, a large number of bears followed the position, copper prices fell rapidly, fell to a low of 48240 yuan / ton, short profits exited, copper prices fluctuated upward, repaired part of the decline, closed at 48550 yuan / ton, down 1120 yuan / ton, a daily decline of 2.
25%, the 20-day moving average peaked
.
In terms of external trading, London copper opened at 6039 US dollars / ton, running along 6030 US dollars / ton at the beginning of the session, and then the bears increased their positions, and the center of gravity of copper prices sank, breaking 6000 US dollars / ton, and the platform ran briefly to 5970 US dollars / ton
.
In the afternoon, the short position, copper prices continued to fall to 5928 US dollars / ton, after a slight recovery, the decline is difficult to reverse, directly broke 5900 US dollars / ton, as of 17:00, London copper reported 5894.
5 US dollars / ton
.
In terms of the market, the strong US dollar made non-ferrous metals green across the board, copper prices fell below 49,000 yuan / ton, hovering at 48,500 yuan / ton within the day, market inquiry is active, the early interval monthly price difference is still flat and 20 yuan / ton fluctuates, the price difference fluctuates little, spot to the current month contract quotation premium 30 ~ 60 yuan / ton
.
The offshore yuan fell above 6.
90 during the day, the import window showed signs of profitability, and cargo holders performed positively
.
Although there are dip buying downstream, they are still slightly cautious
in the face of a sharp decline.
In the afternoon, the market accelerated its decline, Shanghai copper fluctuated along 48500 US dollars / ton, the holder fully quoted the 1809 contract, the lift was raised, the downstream bargain buying, flat water copper on 1809 rose 50 ~ liter 60 yuan / ton, good copper rose 70 ~ liter 80 yuan / ton, the afternoon transaction price fell to 48400 yuan / ton ~ 48600 yuan / ton
.
In terms of news, Turkey announced a tariff policy
on imported products such as US automobiles.
The dollar extended its surge and pointed to 97, putting pressure on base metals
.
In addition, the Escondida copper mine negotiations will be clear, if workers strike, the expected strike time is less than a month, which will not be able to provide strong support
for copper prices.
Pay attention to the UK CPI y-o-q in July, the US MBA mortgage application activity index week-on-week, EIA gasoline inventories changes, and industrial output month-on-month in July
.
Copper prices are expected to fluctuate low and may continue to fall
.
