-
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
Copper market morning comment: The main Shanghai copper futures contract stabilized around 69,700 yuan per ton on Tuesday, and the spot basis continued to expand slightly to 330 yuan per tonne
.
Before the Fed's January interest rate decision and China's Spring Festival is coming, the volatile market of copper prices may continue
.
It is necessary to be vigilant that the current global copper explicit inventory is at an extremely low level, and it is not ruled out that long investors will take advantage of capital to intervene
in the market.
Macro-level, the market's expectations for the Fed's tightening monetary policy in 2022 have become stronger, and the Fed's three interest rate hikes have gradually been recognized
by the market.
Domestically, the maintenance of copper smelters at the end of the year basically came to an end, coupled with the effect of rushing production at the end of the year, domestic electrolytic copper production in December far exceeded market expectations, hitting a new high
in the second half of the year.
And the terminal consumption at the end of the year turned weak
.
It is expected that the overall volatility of copper will be weak.
The hawkish remarks released by the Fed minutes weighed on copper prices, but the local epidemic and European energy problems continue to affect the supply of non-ferrous metals, and the internal and external copper market inventories are low, and the fundamentals are still strongly supported
.
The pattern of medium-term shocks has not changed
.
