-
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: On Friday night, international commodities rebounded
after the non-farm payrolls data.
As of the close, London copper futures were at $9,379 / ton, up $110/ton, and Shanghai copper futures 2108 were at 68,580 yuan / ton, up 0.
35%.
Standing at the mid-year node, under the influence of the adjustment of overseas macro policies and the strengthening of domestic commodity regulation, nonferrous metal prices in late June and July are expected to be dominated by high and wide range fluctuations
.
The overall mixed US employment data for June may not be enough to reinforce market expectations
for a rapid tightening of monetary policy by the Federal Reserve.
The domestic manufacturing PMI in June was still at a boom level, but the economy had an initial slowdown momentum, and new export orders fell further, reflecting that the export boom had not improved
.
The disturbance of the epidemic and strikes in South America gradually recovered from the mine end, and the maintenance of domestic copper enterprises in July was small, and the supply of copper mines tended to be loose
in the short term.
In the context of the off-season of downstream copper consumption, the pressure of copper accumulation in the future market may be relatively large
.
Overall, there are many negative factors in macro and fundamentals, and it is expected that the copper market will continue the logic of Fed policy contraction expectations, or due to economic data that is less than expected and some officials' dovish speeches cause interference
.
