-
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
Last night, trading in Shanghai copper continued to be suspended
.
Last night, the outer copper price remained volatile, standing at the 5700 mark several times, but still lacked rebound momentum, and finally fell back to close below
the daily moving average.
Copper prices remained weak mainly because the spread of the new crown epidemic overseas made investors continue to reassess the economic severity of the epidemic, and the reduction in risk appetite caused European and American stock markets to fall sharply, with the three major US stock indexes falling more than 3%, while oil prices also fell nearly 4% due to renewed demand concerns, the largest decline in seven weeks, which significantly hindered
the rebound of copper prices.
Gold prices took profits after yesterday's surge and fell back to around the 1650 level in the short term, which provided some support to copper prices, but it is expected that copper prices will not rebound
sharply when market risk sentiment is still weak.
At present, London copper is closing negative, facing 5-day moving average pressure
above.
In terms of spot, there is still a demand for long-term delivery of part of the order, so the situation of subsidence in the spot market has improved slightly, but the continued weakness of actual demand still keeps the discount
.
It is expected that today's London copper 5670-5730 US dollars / ton, Shanghai copper 45800-46200 yuan / ton, spot discount 190-discount 170 yuan / ton
.
