-
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
Overnight, London copper around the weak oscillation around 5750 US dollars / ton, of which 3-month London copper slightly fell 0.
69% to 5720 US dollars / ton, for two consecutive days, the closing price hit a low since November 22 this year, while falling below the lower edge of the oscillation finishing platform that has been running for nearly two weeks, indicating that the high of copper prices is weak to rise
.
In terms of positions, on December 12, the position of London copper was 385,000 lots, an increase of 1,195 lots per day, an increase of two consecutive days, and the short-term long-short divergence increased
.
Industry news: The CEO of Chile's state-owned copper company said that he conservatively expects the average copper price of $2.
4/lb in 2017, up from the previous forecast of $2.
2/lb
.
Stocks: As of December 13, LME copper stocks were reported at 258175 tonnes, up 16,625 tonnes per day, well above the average inventory of 230,000 tonnes during the year, and the high point of stocks during the year was 379175 tonnes
.
Some base metals on the London Metal Exchange fell on Tuesday in anticipation of a rate hike by the Federal Reserve at its policy meeting
, which ended on Wednesday.
Medium-term copper fell the most, as inventories increased
further.
Other metals held on to earlier gains after strong economic data
from China, the largest consumer of metals.
At 17:00 London time on Dec.
13 (01:00 EDT Dec.
14), three-month copper closed down 1.
3% at $
5,691 a tonne.
Overnight, London copper around the daily moving average wide range after the center of gravity down, 20-day moving average not guaranteed, affected by the LME copper inventory surge and the Fed on the eve of interest rate hike risk aversion caused by profit taking, this morning the United States API crude oil inventories this week exceeded expectations of a large increase, is expected to put pressure on oil prices, the market is waiting for the Fed interest rate decision in cautious operation, London copper weak running at 5680 ~ 5780 US dollars / ton
.
