-
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 futures have recently been weak and volatile, and on the last trading day of December, Shanghai copper weakened all the way during the day, with the main 2102 contract falling 0.
99% and the international copper main 2103 falling 1%.
Recently, there is no obvious bearish in the metal market, but there is a lack of clearer guidance near the holiday, the overall sentiment is bearish, and Shanghai copper is affected and weak
.
On the macro front, British Prime Minister Johnson signed the UK-EU Trade and Cooperation Agreement, the China-EU Investment Agreement negotiations were completed, and the US stimulus policy was still advancing, but the metal market had reacted and expected some of the positive news before, and the pre-holiday market sentiment was cautious, and the overall metal market was weak
.
China's official manufacturing PMI has been above the boom-dry line for 10 consecutive months, and China's new crown virus vaccine has been launched, and the overall macro atmosphere is not sad
.
In the spot market, the spot quotation of Yangtze River nonferrous copper was 58,000-58,020 yuan, and the average price was 180 yuan
lower than the previous day.
According to Shanghai Metal Network, the spot market transaction is weak, and the discount is 65 yuan / ton
narrower than the previous day.
At the end of the year, the factors caused the weak spot transaction, the sparse market report caused the discount narrowed, the demand after the holiday or a slight rebound coupled with the decline in copper prices, spot trading may improve
.
Shanghai copper warehouse receipt inventory has fluctuated repeatedly, currently maintained around 30,000 tons, and the copper inventory in the previous period stopped declining, but the rebound was very small
.
However, Jinyuan Futures said that at the end of the year, the spot market transaction fell into a downturn, and domestic inventories also recovered, or have entered the accumulation period
.
London copper stocks are still in a downward channel, and the overall decline this week is still good, currently holding the 110,000-ton mark, constantly refreshing the stage low
.
