-
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
After the holiday, the overall trend of the non-ferrous metals market was strong, and although it fell back yesterday, it is still strong today
.
Especially for copper, the frequency hit highs, and after two days of slow progress, it has reached a new high today, and it has now reached a high point since August 2018
.
As of the midday close, the main contract of Shanghai copper 2104 was reported at 70710 yuan / ton, an increase of more than 4.
46%.
On the macro front, global central banks are likely to continue to maintain their current ultra-loose monetary and fiscal policies, and the US dollar is expected to remain weak
.
In the spot market, holders actively shipped, but high prices suppressed consumption and poor transactions
.
Inventories are generally at a low level, the prospect of economic recovery demand is good, and there is a pullback demand
after copper prices update their stage highs.
On the fundamental front, the CSPT team finalized the floor price for copper concentrate processing fees for the first quarter of 2021 at $53/mt and $5.
3/lb, down $5 and 0.
5 cents from Q4 2020, indicating that the market remains pessimistic
about future copper concentrate supply expectations.
On the demand side, China's current control of the new crown epidemic is still very successful, and the new energy and new infrastructure sector will continue to pull copper demand, with the off-season delayed, the next peak season to warehouse is likely to form a strong support for copper prices, maintain the long-term bullish judgment
of copper prices.
