-
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, Fed Chairman Jerome Powell made his debut and is expected to raise interest rates further gradually, the US economic outlook remains strong, and market volatility will not stop the pace of
rate hikes.
The U.
S.
index rose sharply in response, and U.
S.
stocks fell
.
The U.
S.
index jumped above 90, putting pressure on base metals and copper prices sharply lower
.
London copper opened at $7127.
5 / ton last night, climbing to a high of 7143 US dollars / ton
at the beginning of the session.
European and American copper prices opened a downward channel, continuously fell to a low of 6988 US dollars / ton, repaired upward at the end of the session, closed at 7028 US dollars / ton, down 83.
5 US dollars / ton, the transaction increased by 5689 to 18826, and the position decreased by 3352 to 311,000 lots
.
In terms of the market, as of February 27, the spot price of London copper was $7,111/ton, a discount of $32.
25/ton over the March contract; The actual ratio of Shanghai copper spot to London copper spot was 7.
46 (import ratio was 7.
47), and the import loss was 88 yuan / ton; The actual ratio of Shanghai copper 3 contract to London copper March contract was 7.
54 (import ratio was 7.
47), and the import profit was 514 yuan / ton
.
Due to the sharp rebound of the US dollar index to stand at the 90-point mark, the external metal is under pressure across the board, London copper sharp pullback fell below $7100, the trend has weakened significantly, in the long run, the tight supply of recycled copper mines in the future market has a good support for copper prices, and technical pressure is gradually accumulating, and it is expected that London copper will maintain a weak shock operation
today.
