-
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 Tuesday, the main 2101 contract of Shanghai copper rebounded, with the highest 57870 yuan / ton and the lowest 57350 yuan / ton during the day, and the closing price of 57700 yuan / ton, up 0.
03% from the closing price of the previous trading day; The trading volume was 149246 lots, down 131,000 lots per day; in the external market, LME copper opened low and rebounded, as of 15:00 Beijing time, 3-month London copper was reported at 7,759 US dollars / ton, down 0.
27%
on a daily basis.
Market focus: (1) The mayor of New York City, USA, said that there is a possibility
of a complete lockdown in New York City.
Britain will impose the strictest restrictions on London and parts of southeast England from Wednesday
.
(2) Freeport reached an agreement with four Chinese smelters to reduce the copper concentrate processing fee TC by 4% to US$59.
5/mt in 2021, which also indicates that the annual TC/RCs will decline
for the sixth consecutive year.
Spot analysis: On December 15, spot 1# electrolytic copper was quoted at 57320-57520 yuan / ton, with an average price of 57420 yuan / ton, down 500 yuan / ton
per day.
Yangtze River Nonferrous Metal reported that cargo holders lowered the premium, downstream consumption was general, and the market trading was quiet
.
Warehouse receipt inventory: Shanghai copper warehouse receipts totaled 31,890 tons on Tuesday, an increase of 700 tons per day; On December 14, LME copper stocks were 144775 tons, down 1,550 tons per day, and fell for five consecutive days
.
Main positions: the top 20 long positions of Shanghai copper main 2101 contract were 58692 lots, minus 2086 lots, short positions were 65178 lots, daily minus 3418 lots, net short positions were 6486 lots, daily minus 1332 lots, long and short were reduced, and net space was reduced
.
Market research and judgment: Shanghai copper 2101 opened low and rebounded
on December 15.
The dollar index remained low amid heightened expectations of a US stimulus package and the start of a US vaccination campaign, although risk aversion was heightened by a possible full-blown lockdown in New York
.
The upstream domestic copper mine supply remained tight, and the copper processing fee TC remained low, which made the refinery production cost high, but the increase in the inflow of high-grade scrap copper made the electrolytic copper production capacity accelerated
.
Recently, the import window has opened, the inflow of overseas goods has increased, and the inventory of the two cities has decreased and increased internally; Downstream market demand maintained a good performance, of which cable companies remained high, and the terminal industry continued to improve, making the demand outlook optimistic and supporting
copper prices.
Technically, the Shanghai copper 2101 contract reduced its position, and the mainstream short position reduction was large, and it is expected to adjust the short-term high
.
