-
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 Thursday, the main 1808 contract of Shanghai copper opened at 53910 yuan / ton, after the opening of the bulls greatly reduced their positions and left the market, dragging copper prices down sharply, to 53740 yuan / ton after copper prices stopped falling upward repair, but the power is obviously insufficient, then the center of gravity is stepped down, the daily moving average gradually moved away, low to 53520 yuan / ton, and then the bears took profits, copper prices rose back to around 53710 yuan / ton, and finally closed at 53630 yuan / ton, down 80 yuan / ton
。 The added value of industries above designated size in May 2018 increased by 6.
8% year-on-year, 0.
3 percentage points faster than the same month of the previous year, and 0.
2 percentage points lower than in April.
In the external market, London copper opened at 7238 US dollars / ton, after the opening of London copper extended the daily moving average shock downward, the low to 7189.
5 US dollars / ton, after entering the European and American session, London copper low rebounded to the daily average of 7208 US dollars / ton near sideways, as of 18:09, London copper reported 7202.
5 US dollars / ton, US crude oil reported 66.
78 US dollars / barrel, the dollar index was 93.
290
.
During the day, London copper is still hanging below the 5-day moving average, and it is expected to fluctuate between the 5-day moving average and the 10-day moving average in the short term, waiting for directional guidance
.
In terms of the market, the domestic spot copper price rose slightly, and the copper price of Yangtze River Nonferrous Network 1# was reported at 53390 yuan / ton, up 140 yuan, and the discount was 60 - discount 0; Guangdong spot 1# copper price was reported at 53550 yuan / ton, up 130 yuan; Yangtze River spot 1# copper price reported 53420 yuan / ton, up 140 yuan, discount 20 - liter 0; Shanghai spot 1# copper price was 53350 yuan / ton, up 125 yuan
.
Copper quotations continued to maintain the previous day's level, traders can reduce the price space is small, market consumption is not good, activity is average, inquirers have also decreased, the supply and demand sides of the spot market are deadlocked, and the transaction is relatively fragmented
.
On the news front, the Fed on Wednesday raised its target range for benchmark overnight lending rates by 25 basis points to 1.
75-2% and abandoned its commitment to
keep rates low enough "for some time" to boost the economy.
The Fed also hinted that it would tolerate above-target inflation until at least 2020
.
After the Fed's statement, U.
S.
short-term interest rate futures traders increased their bets
that the Fed will raise interest rates again this year and next.
Shanghai copper showed a trend of rising and falling during the day, and the main contract closed at 53630 points, down 0.
15%.
After the Fed's interest rate hike was announced, the dollar turned from strong to weak, boosting copper prices to rebound to 54,000 points, but the upper pressure was strong, and the colored sector was generally weak after early trading, driving copper prices to fall back
.
The added value of China's industries above designated size in May was 6.
8% year-on-year, lower than the expected 7%, which also had a certain impact
on copper prices.
It is expected that copper prices have a weak trend in recent volatility, focusing on support around 53,000 points
.
