-
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 Monday, the main 1902 contract of Shanghai copper opened at 48190 yuan / ton in the morning, Lun copper fell sharply at the beginning of the session, short positions in Shanghai copper were affected, copper prices fluctuated down within 11 minutes to the lowest of the day 48030 yuan / ton to be strongly supported, Lun copper rebounded at a low level, Shanghai copper followed more into the short flat, copper price V-shaped rebound shock back up, two up intraday high of 48270 yuan / ton, during the period slightly pierced the daily average in 48240 ~ 48270 yuan / ton many times upward weakness, to the Asian market close, copper price from 48250 yuan / ton / Tons all the way down to the low of the day 48080 yuan / ton, during the period in 48230 ~ 48240 yuan / ton many times unsuccessful, the end of the copper price fell many times to the low of the day 48080 yuan / ton temporarily supported, closed at 48100 yuan / ton, down 250 yuan / ton, down 0.
52%.
In terms of external trading, during the Asian session, London copper opened at 5974 US dollars / ton, after the opening of London copper fell rapidly, bottomed out at 5960 US dollars / ton and then rose back to the daily average based on 5986 US dollars / ton nearby, during the period to test 5993 US dollars / ton, hindered at 5990 US dollars / ton, in the afternoon, the center of gravity fell slightly around the daily average of 5980 US dollars / ton narrow finishing, into the European market, London copper short-term touch 5960 US dollars / ton, although quickly recovered but hindered by the daily moving average pressure, hovering at 5980 US dollars, As of 16:30, London copper was trading at $5980/mt
.
In terms of the market, Shanghai copper continued to maintain a low level of consolidation, around 48200 yuan / ton of first-line sorting
.
The market is still more sought after the invoice of the month, holding the current month's invoice source holders have a strong willingness to raise the price, the morning quotation premium 100 ~ 170 yuan / ton, the quotation is high, it is difficult to have a transaction, and is close to the end of the final delivery of the long order, the invoice holder of the month is eager to exchange cash at the high and take the initiative to reduce the quotation, good copper is reduced to about 150 yuan / ton, flat water copper tries to struggle at the premium of 100 yuan / ton
.
Following the downstream concentrated low replenishment of the monthly invoice last week, the invoice transaction volume of the market at the beginning of the week has gradually declined, and the last date of the current month's invoice prevalence, the market is optimistic about
the full next month's invoice quotation premium after the week.
In the afternoon, the cargo holders were eager to sell the monthly ticket, but the market transaction enthusiasm decreased sharply, the holder sharply reduced the premium, the afternoon of the monthly ticket flat water copper reported a premium of 30-50 yuan / ton, good copper reported a premium of 80-100 yuan / ton, the transaction price was in the range of 48150 yuan / ton - 48280 yuan / ton
.
Intraday futures price in the morning rush back down adjustment, the end of the slight close, technically below the daily line below 48000 support is strong, from the general trend, copper horizontal has just begun to enter the bears, short-term operations are mainly bears, it is expected that there may be a rebound when the high is mainly short, the operation is better
to rush high.
