-
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, Shanghai copper opened high and rose, testing the 40,000 mark at the end of the day, and the main 2005 contract of Shanghai copper closed at 39930
at the end of the day.
OPEC will meet next Monday, and production cuts are expected to be positive for crude oil to rise, driving copper prices
.
The technical weekly level golden cross, the bottom stabilized, and the center of gravity of copper prices moved
up.
The overseas epidemic is still severe, the medium-term copper price is under pressure, the recent focus can stand at the 40,000 mark, merchants rebound to reduce holdings, downstream just demand
.
In terms of the market, the spot market transaction fell slightly on Friday, but due to the reduction in imported copper supply due to the overseas epidemic, the premium was slightly higher, basically the same
as yesterday.
Because the current rise and fall of copper is uncertain, and it coincides with the Qingming holiday, the market is more cautious about holding goods, and basically focuses on rigid demand
.
In addition, the actual consumption is flat at present, but the premium is rising, and some traders are beginning to look down on the premium
.
In terms of news, data released by the US Department of Commerce showed that US copper cathode imports in February were 32,518,066 kg, far lower than 61,371,210 kg
in January.
U.
S.
copper cathode exports were 7,611,318 kg in February, down from 10,371,181 kg
in January.
Shanghai copper 2005 oscillation upward, closed at 39930, short-rhythm shock rebound-based, the center of gravity step by step up, although affected by the overall market, the futures price continues to rise more difficult, but the downside space is basically to the end, it is not appropriate to continue to chase the short, can be pulled back to the dip and treat more, rush high and reduce holdings
.
