-
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
Driven by the surge in premiums caused by low inventories at home and abroad, and the strengthening of surrounding metals, copper prices hit a new high in nearly a month, but downstream consumption was sluggish, and the epidemic aggravated to suppress market risk appetite, and copper prices showed a surge and fell this week
.
With the recovery of inventory, the momentum of the early speculation has slowed down, and the technical point of view is that the copper price has come to an end this round of rebound, and it is expected to run weakly next week and return to the range
.
On the macro front, the Fed minutes showed that participants discussed whether to accelerate the pace of Taper, and the dollar and US Treasury yields rose again; Domestically, monetary and financing conditions are expected to pick up, and the market expects a policy bottom
.
In terms of fundamentals, the Indonesian president said that he would continue to ban the export of copper ore, and basically did not import Indonesian copper concentrate domestically, and from the understanding of his speech, it should be further processed into electrolytic copper for export to the world, with limited
impact.
Domestic fundamentals are expected to be weak, and the reappearance of the epidemic in Jiangsu, Zhejiang and Shanghai has also affected market sentiment, and copper prices have been hindered from rising; Domestic spot prices have been adjusted under the water limit, and the tension of spot has eased, but this may also indicate that the downstream is waiting and waiting for the current rebound and high water premium pattern
.
In addition, the dematerialization of internal and external inventories has become a strong support factor for spot prices, but it is more reflected in the spot premium premium
.
Macro has no more bullish promotion, fundamental demand is resilient but expectations are weak, copper prices may be blocked in this round of rebound, or still show a range-bound market
.
