-
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 1609 contract opened at 37440 yuan / ton
.
After rushing to 37550 yuan / ton in the morning, due to China's poor PMI data in June, the short position increase directly dipped to 34240 yuan / ton, and the 5-day line was supported, the copper price returned to the low level and returned to the daily moving average, and weakened again at the end of the day, and the 1609 contract finally closed at 37300 yuan / ton, down 170 yuan / ton
.
The last weekly inventory report showed that copper stocks increased by 6,659 tons this week, and London copper began to fall, which may drag down the trend of Shanghai copper, and is expected to maintain a wide range in the short term
.
Abroad, London copper opened at 4854.
5 US dollars / ton, the opening London copper shun daily average fell to around 4825 US dollars / ton, but the Chinese market opened after the commodity rose across the board, bulls were encouraged to rush into the market, copper prices all the way up, high touched 4860.
5 US dollars / ton, but with the US index rising to 96.
079, bulls gave back profits, London copper turned down, into the European session is still around 4830 US dollars / ton consolidation, but the last issue announced this week copper inventories increased by 6659 tons, London copper straight diving, fell below 4800 US dollars / ton, down test 4792 US dollars / ton, as of 18:00, London copper 4795 US dollars, down 55.
5 US dollars / ton, down 1.
14%.
In terms of the market, Shanghai copper continued to fluctuate around the high of 37,500 yuan / ton, and after the spot entered July, trade flows returned to the back, and the market's willingness to exchange cash at high prices continued
.
Spot flat water copper discount 20-10 yuan / ton in the morning market, after being quickly absorbed and received, the holder tries to raise and then raise the water, and the source of horizontal water copper is temporarily difficult to find
.
The shipper raised to flat water - liter water 10 yuan / ton
.
However, as the center of gravity of copper was raised again, shipments were difficult, and holders had no choice but to lower their quotations and return to a slight discount
.
Good copper transactions are not as good as flat water copper, and the consignees are still mostly long trade order receivers
.
In the afternoon, there was no low-price source of flat water copper, and the good copper transaction was scarce, and the spot quotation was flat water - premium 30 yuan / ton, and the transaction price dropped slightly to 37260-37380 yuan / ton
.
Next week, the current copper premium may still be difficult to maintain, and the expansion of the discount is inevitable
.
