 Home > Chemicals Industry > New Chemical Materials > June 4 Shanghai copper afternoon review

June 4 Shanghai copper afternoon review

 Last Update: 2022-12-16
 Source: Internet
 Author: User

Tags

global news today

perfusion index range

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Overnight Shanghai copper main force 1907 contract guided by the external market, the beginning of the day gap opened 46300 yuan / ton, the morning short closing situation is strong, the initial probe high 46420 yuan / ton, after the short-term high, the upward thrust is slightly weak, the center of gravity gradually falls back to the daily average under pressure, and then the overall basic stability at 46270 yuan / ton line, during the period of 46230 yuan / ton, close at 46310 yuan / ton, up 0.
39%
in the evening.
In the evening, the trading volume of the Shanghai Copper Index was 80,608 lots, and the position increased by 394 lots to 619,000 lots
.

Shanghai copper

Spot due to the low market buying situation has improved, and the current market circulation supply has slightly tightened, the beginning of the month of the enterprise funds are sufficient, so the willingness of holders to sell goods is not strong, it is expected that today's quotation is still firm
.
It is expected that today's Shanghai copper 46100-46600 yuan / ton, spot premium 60-liter 140 yuan / ton
.

The Eurozone May manufacturing PMI final value of 47.
7 is still in contraction territory, output fell for the fourth consecutive month, and the number of new orders fell sharply; the US ISM manufacturing index in May hit the lowest since October 2016, and the final Markit manufacturing PMI hit the lowest since September 2009; after China's official manufacturing PMI returned below the boom-bust line in May, while the Caixin manufacturing PMI was higher than expected but production slowed
slightly.
Global manufacturing data declined, industrial metal demand outlook is not optimistic, limiting the rebound in copper prices, and spot copper prices are expected to rise
slightly today.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

9,10-Diphenylanthrac

CAS No.: 1499-10-1

$1-1.2/MT FOB

High Quality Polar Solvent 99.99% Ethylene carbonate/Ethylencarbonat/ EC CAS 96-49-1

CAS No.: 96-49-1

Pharmacy Grade

$1-1.2/MT FOB

High quality Fluorescent Brightener CBS-X 98% TOP1 supplier in China

CAS No.: 27344-41-8

Industrial Grade

$3/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.