-
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, the Shanghai copper 1702 contract reduced its position to the upside and completed the monthly
change.
The Shanghai copper 1703 contract opened at 44640 yuan / ton, and after the opening, the bulls enthusiastically increased their positions, and the daily moving average slowly rose
.
With the collective recovery of commodities, bulls issued a round of more violent attacks, copper prices rose sharply, the end of the day in the nearby high consolidation, intraday high 45980 yuan / ton, at 45780 yuan / ton closed at the big white line, up 1340 yuan / ton, warehouse increased 6830 hands to 176,000 lots, trading volume 86778 hands, overnight Shanghai copper increased positions upward, momentum is sufficient, jumped through the three moving averages suppression
.
The market atmosphere is active, and there are only 20 antennas left above for top reference, but it does not rule out the pullback market brought by the long retracement at the end of the year, and it is expected to run in the range of 45350 yuan / ton -46340 yuan / ton today
.
Industry information: According to the National Bureau of Statistics, from January to November, industrial enterprises above designated size in the country achieved a total profit of 6.
03341 billion yuan, a year-on-year increase of 9.
4%, and the growth rate was 0.
8 percentage points
faster than that from January to October.
In November, industrial enterprises above designated size achieved a total profit of 774.
57 billion yuan, a year-on-year increase of 14.
5%, and the growth rate was 4.
7%
faster than that in October.
Market: On December 27, Shanghai electrolytic copper spot reported a discount of 280 yuan / ton - 160 yuan / ton for the current month's contract, and the transaction price of flat water copper was 43940 yuan / ton - 44060 yuan / ton
.
At the end of the year, the market trading was weak, the supply of copper was abundant, especially the low-end source price adjustment took the initiative to seek transactions, so that the price difference between good copper and flat water copper widened, wet copper supply was scarce, the quotation was firm, and the price difference with flat water copper was limited, large and medium-sized enterprises have entered the closing state, and the market participation is mostly small and medium-sized traders, and the actual transaction is lacking
.
Inventories: As of December 23, Shanghai copper stocks in the previous period were reported at 134377 tons, down 9,649 tons weekly, the third decrease in the past four weeks, indicating a decline
in short-term domestic inventory pressure.
Overnight, the main force of Shanghai copper rebounded strongly to 45,700 yuan / ton, boosted by improving demand concerns in China, as the Ministry of Industry and Information Technology said it was striving to complete the target
of 6% industrial added value next year.
It is recommended that the short-term copper market operation turn from oscillation to more ideas
.
The Shanghai copper 1702 contract can be more around 45200 yuan, the target is 46500 yuan, and the stop loss reference is 44500 yuan
.
