-
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
Today's Shanghai copper ran weakly in the morning, and the market continued to pick up during the day, closing up 0.
78%.
Recently, macro sentiment has stabilized, the supply side of the copper market is expected to increase, demand has not improved significantly, and futures prices are still low and volatile
.
On the macro front, in order to curb inflation, the ECB raised interest rates by 50 basis points for the first time in eleven years, exceeding market expectations, and the euro strengthened
.
For the current macro atmosphere, Jinyuan Futures said that on the whole, after the macro events in Europe, the market's response was limited, and copper prices recovered after the
downturn.
It can be seen that the market sentiment is indeed gradually stabilizing, and the macro impact is gradually reflected in the price in the early stage
.
China's June refined copper production was 932,000 tons, up 10.
3% year-on-year, and production is still expected
to increase after intensive maintenance.
At present, smelting profits are high, and smelter maintenance is ending one after another, so production continues to recover, and the inventory of electrolytic copper finished products of domestic copper smelters is 62,200 tons, down 07,400 tons
from last week.
In June, the smelter operating rate rebounded by 3.
17 percentage points month-on-month to 87.
15%.
In terms of the market, Shanghai Metal Network 1# electrolytic copper quotation 56880-57180 yuan / ton, the average price of 57030 yuan / ton, up 670 yuan / ton from the previous trading day, the 2208 contract reported up 240-300 yuan / ton
.
Today's spot market transaction is acceptable, and the premium is up 45 yuan / ton
from yesterday.
Copper prices rebounded downstream bargain hunting, market circulation limited supply to support the premium, one period of flat water copper mainstream rose about 250 yuan transaction, three periods of rising water gradually raised, flat water copper rose about 270 yuan, good copper rose about 290 yuan, wet and poor copper is still rare
.
Shanghai copper opened low today, and the latest opening price of the Shanghai copper 2208 contract was 56360 yuan / ton, down 130 yuan
.
The decline in factory activity in the United States in July further exacerbated concerns about economic risks, domestic smelters were high profits, and smelter maintenance was completed, so copper production continued to recover, of which domestic smelters electrolytic copper finished product inventory of 62,200 tons, down 07,400 tons from last week, superimposed on the market fear of decline, the overall demand side is still difficult to say optimistic, it is expected that copper fell
slightly.
