-
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 Shanghai copper main 1811 contract jumped low in the morning market in the short position, opening at 47880 yuan / ton, quickly touching the lowest of the day of 47840 yuan / ton, the first trading session
in the morning.
In the low short flat long into the gradually recovered to 47935 yuan / ton narrow range, in the afternoon, short profit exit, copper prices slowly climbed to the highest of the day 48100 yuan / ton blocked, the end of the copper price gave up part of the gains, closed at 47930 yuan / ton, down 670 yuan / ton, down 1.
38%.
In terms of the external market, London copper gap low open, open at 5872.
5 US dollars / ton, briefly and quickly touched the lowest of the day of 5861.
5 US dollars / ton after a narrow range near the daily moving average, Asian market open, copper price center of gravity moved up, until noon, based on the daily average line rushed near the $5900 mark, afternoon, another level, two tests of the highest intraday of $5919 / ton was blocked to fall, the current $5900 / ton mark performance is fragile, as of 16:45, London copper reported 5904.
82 US dollars
。
In terms of the market, the downstream of the delivery day is cautious and still wait-and-see, but traders are still active, focusing on pressing the price of good copper, after the spread widens, the premium is difficult to press, and the holders pull back the morning market high premium quotation, but the willingness to trade speculation is correspondingly suppressed
.
There are still differences between supply and demand in quotation and transaction, raising the premium is the trend of the willingness of the holders, and it is difficult for the premium to drop sharply after the change of month, and the holders mostly hold the mentality
of holding the goods before the long holiday.
In the afternoon, the market rose about 200 yuan / ton, the transaction first fell and then rose, the holder from the premium 150-180 yuan / ton began to quote, when traders into the market favor good copper, show a proactive attitude, the market quotation quickly rose, at the end of the market has heard the quotation premium 180-220 yuan / ton, short-term supply and demand or then tug of war state
.
In terms of news, according to Bloomberg, China is considering rejecting the proposal of the US Treasury Secretary to lead negotiations with China, and as the US government considers adjusting according to the concerns emerging in the public feedback, the announcement of a new round of tariffs has been postponed, and the current trade situation is still difficult to show signs of easing, and copper prices may continue to come under pressure
.
During the day, the Shanghai Copper Index inflow of 105 million funds, ranking first in the non-ferrous sector inflow funds, mainly short positions
.
At present, the upper part of Shanghai copper is blocked from falling, but the bottom is temporarily supported by the 10-day moving average, continue to pay attention to the active performance of short positions, and Shanghai copper is focused on holding the 10-day moving average
.
