-
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
According to news, London copper rose on Friday, but the demand outlook remains cloudy, as the new crown epidemic continues to spread, and the global infection cases exceed one million
.
LME three-month copper rose 0.
1 percent to last quoted at $
4,884 a tonne.
The outlook for industrial metals remains bleak, with the number of coronavirus cases still increasing in major economies around the world
, including the United States.
The latest statistics released by Johns Hopkins University in the United States on the 2nd show that the cumulative number of confirmed cases of new coronary pneumonia in the world has exceeded 1 million
.
Data show that as of 16:00 EST on the 2nd (4:00 Beijing time on the 3rd), there were 1002159 confirmed cases of new coronary pneumonia and 51,485 deaths worldwide
.
Fitch Solutions said in a report: "We expect the metals market to continue to be volatile in the coming weeks as the coronavirus pandemic continues to spread around the world, leaving investor sentiment vulnerable
.
Fitch said that last week's metal prices remained stable
as China released positive PMI data, risk appetite began to recover slightly.
U.
S.
jobless claims surged to a record high of more than 6.
6 million last week as more jurisdictions implemented stay-at-home measures to curb the coronavirus outbreak
.
Analysts say the coronavirus outbreak has pushed the U.
S.
economy into recession
.
Rio Tinto Ltd said on Friday it was unable to supply copper to its customers under contract for reasons it could not supply copper to its customers under contract following an earthquake last month
.
Rio Tinto said in an emailed statement: "We are currently restarting the smelter following its emergency closure due to the earthquake
.
”
The data showed that Caixin's March Chinese services PMI rebounded from a record low hit last month, but remained below the boom-bust line and the second-lowest on record
.
The quarantine and flow restriction policies of the new crown epidemic have not yet been relaxed, and the activity of the service industry is still under great pressure and continues to contract significantly, and the decline in employment in the month hit a record high in the survey
.
Driven by a recovery in both the services and manufacturing PMIs, Caixin's China's composite PMI also rebounded to 46.
7 in March, although it is still in the contraction zone
below 50.
