-
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 afternoon commentary: Fed interest rate hike expectations weakened, the next week London copper closed slightly down 0.
18%; Domestic weekly inventories continue to increase, downstream orders are less than expected, superimposed market sentiment is still pessimistic, and copper is expected to fall
.
In the United States, the final value of the University of Michigan consumer confidence index in June deteriorated to 50.
0 from 50.
2 in the preliminary value, a record low
.
The total number of new home sales in the United States in May was 696,000 annualized, compared with 588,000 expected and 591,000 in the previous month
.
U.
S
.
new home sales data on Friday sharply exceeded expectations, and market pessimism improved significantly.
The dollar fell sharply, the yuan rose in the euro, and non-ferrous metals rebounded
sharply in overnight trading.
On Friday, London copper bottomed out and closed slightly lower, opening 0.
5% higher at $
8371 today.
The Shanghai copper overnight session closed in a huge fluctuation and basically closed flat, closing at 63450
.
Shanghai copper trading positions rose, and market sentiment improved
.
Domestic demand is basically stable, and Chilean copper mines are at risk
of strike.
However, the macro pressure is greater, and the market may continue the trend
of gradually building a bottom in the sharp shock.
Shanghai copper upper pressure 69000, lower support 61000
.
Today's international copper turned to a discount of 12 points compared with Shanghai copper, and the external trend was significantly weaker than the internal market
.
