-
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
The copper market was in a narrow range after the rally last week, and the dollar index was also in a narrow range after the rally was blocked, and the market was looking for the direction
of the Fed's policy.
Back in the copper market, LME inventories have increased sharply in a row, and the reduction in domestic imports has been reflected in the external market
.
Domestic inventories declined, spot premiums, and the import window was opened for a while, but after the price rebounded, the above factors began to shift
to a bearish direction.
It is estimated that copper prices will still fluctuate in a narrow range in the short term, waiting for clarity
.
On the macro side, the Fed does not have a clear policy adjustment tendency, but investors believe that over time, it will continue to approach the liquidity inflection point
.
The post-pandemic supply-demand mismatch gap may have reached a high point in the short term, and overseas demand is not expected to be sustainable
.
Considering the pressure of the domestic copper market accumulation in the second half of the year, it is expected that the amount of copper thrown this time will not be large, mainly to understand the spirit of official suppression of plate speculation
.
On the industrial side, the disturbance of the epidemic and strikes in South America has gradually recovered, and some smelting and maintenance enterprises have resumed production, and TC is likely to continue to rise
.
In the context of the off-season of downstream copper consumption, the consumption side may perform poorly
in the short term.
On the whole, the logic that supported the rise in copper prices in the early stage has undergone marginal changes, and the probability of copper prices falling in the future market is relatively large
.
