-
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 Thursday, the main 1805 contract of Shanghai copper opened at 52410 yuan / ton, after the opening copper price fell slightly to 52300 yuan / ton, and then the bulls bargained to increase their positions, driving copper prices all the way up to the daily average of 52560 yuan / ton around a narrow consolidation, in the afternoon copper prices broke through the daily moving average resistance, touched as high as 52710 yuan / ton, the high attracted bears to intervene, copper prices then fluctuated down, the end of the day stabilized around 52490 yuan / ton, and finally closed at 52470 yuan / ton, down 470 yuan
。
In terms of the external market, London copper opened at 6930 US dollars / ton, after the opening of London copper briefly tested low and then all the way up, the high to 6965 US dollars / ton, at this time the bears entered the market to suppress, London copper then leaked, to the daily average of 6941 US dollars / ton nearby, London copper temporarily supported, into the European session, with the dollar higher, London copper fell below the support of the daily average accelerated downward, once tested down to 6879 US dollars / ton, as of 17:55, London copper reported 6887 US dollars / ton
.
During the day, London copper continued the pullback trend, the weekly London copper fell by more than 3%, London copper broke and away from the moving average, is expected to maintain a weak operation
in the short term.
In terms of the market, Shanghai copper has been blocked three times, fell below all the moving averages, under pressure on the 10-day moving average, the intraday Shanghai ratio rose, import losses narrowed sharply to less than 100 yuan, foreign trade dollar copper recent performance is active, domestic trade spot market imports of copper increased, the willingness to exchange cash is urgent, the morning market quotation is directly lower than yesterday, good copper until the discount of 140 ~ 130 yuan / ton to show color, flat water copper all the way down to the discount of about 200 yuan / ton, the transaction is active, although the intraday market inquiry is active, but the selling is still concentrated, Everywhere you can hear the price of undercutting the goods
.
The copper plate is under pressure at a low level, and most of the market players are trade speculators
.
In the afternoon, the market selling boom gradually receded, low-priced goods have been difficult to find, coupled with the price of the plate fluctuated down, the discount narrowed slightly, the transaction activity was the same as in the morning, flat water copper newspaper discount 200-180 yuan / ton, good copper newspaper discount 160-140 yuan / ton, the transaction price is 51880-52060 yuan / ton
.
A stronger dollar increases the cost of metals purchased by holders of other currencies, which drags down metal prices
.
At present, Shanghai copper has run below the moving averages, pay attention to the trend of the dollar in the short term, if the dollar continues to rise, copper prices are expected to still have room
to fall.
