-
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, the main 1703 contract of Shanghai copper opened at 47880 yuan / ton
.
At the beginning of the session, some bulls tentatively increased their positions, Shanghai copper touched a high of 48060 yuan / ton, with the weakening of the external market, bears took the opportunity to increase positions to suppress, copper prices fell back to test the low of 47640 yuan / ton, long short-term increase copper prices countered above the daily moving average, and the end of the day with the withdrawal of many parties copper prices also gradually fell, closing at 47680 yuan / ton, down 220 yuan / ton, warehouse reduced 4880 hands to 217642 lots
。 Overnight Shanghai copper long and short competition fierce, copper prices along the daily moving average near a wide range of oscillations, the center of gravity slightly shifted, black tie momentum weakened, Shanghai copper below there is still a 5-day moving average bottom, is expected to operate today range of 47400 ~ 48000 yuan / ton
.
In terms of market: on January 16, Shanghai electrolytic copper spot traded at a discount of 50 yuan / ton - 110 yuan / ton for the monthly contract, and the trading price of flat water copper was 47550-47750 yuan / ton
.
On the last trading day of the 1701 contract, the basis of the next month was maintained at 200 yuan / ton - 300 yuan / ton in the morning, and the holders quoted more than 1702 contracts in the next month, the mainstream was at a discount of 150 yuan / ton - a discount of 100 yuan / ton, and the flat water - 100 yuan / ton line could still be maintained for the month
.
After entering the second trading session, the basis of the next month gradually narrowed to 100 yuan / ton - 200 yuan / ton, and the holders were eager to trade before the month, and the willingness to exchange cash was even greater
.
As the upcoming Spring Festival holiday, most of the enterprises have appeared today in the supply of next month's bills, and the downstream this week may be the last receiving window, and the volume of goods received during the week will gradually decline
.
Inventories: As of January 13, Shanghai copper stocks in the previous period reported 170797 tons, a slight decrease of 764 tons per week, the first decrease in three weeks, but still close to the high set on September 2 last year, indicating that short-term domestic inventory pressure is still large
.
Overnight, the main force of Shanghai copper fell under pressure to 47680 yuan / ton, indicating that there is rebound resistance at the high, but it is still oscillating above the moving average group
.
It is recommended that the Shanghai copper 1703 contract can be backed above 47200 yuan to bargain price, enter the market reference around 47550 yuan, and target 48300 yuan / ton
.
