-
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, global stock markets remained volatile, with the Dow falling 1,000 points, the S&P falling 3.
75%, and the oil market hitting a new low for the year, which affected investor psychology to some extent
.
In addition, the recent slight rebound of the US index also suppressed copper prices to a certain extent, with the large increase in the inventory of London copper, the intraday low once tested to 6809 US dollars / ton, and then repaired to above 6900 US dollars / ton, closing at 6859 US dollars / ton, down 17 US dollars / ton, the transaction decreased 6986 to 31779, and the position increased by 6222 to 329,000 lots
.
In terms of the market, as of February 8, the spot price of London copper was $7,006 / ton, a discount of $43.
75 / ton over the March contract; The actual ratio of Shanghai copper spot to London copper spot was 7.
53 (import ratio was 7.
5), and the import profit was 252 yuan / ton; The actual ratio of the Shanghai copper 3 contract to the London copper March contract was 7.
58 (the import ratio was 7.
5), and the import profit was 578 yuan / ton
.
Global stock markets have fallen sharply, oil has also hit a new low in the year, panic index has risen, and hedging tools such as gold have risen, testing investors' psychological endurance
.
The worrying stock market cooperated with the fundamentals yesterday London copper inventories again increased by more than 20,000 tons, bears wantonly entered the market to suppress, London copper touched the Bollinger track kneeling, it is expected that the short-term trend is still weak, pay attention to the LME inventory changes
.
It is expected that today's London copper range is 6810~6880 US dollars / ton
.
