-
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
After the holiday, under the hot global inflation trading logic, Dr.
Copper's rally can be described as overwhelming.
Copper prices pulled back in the later period due to the rise in U.
S.
Treasury yields, and copper prices continued to pull back
deeply in overnight trading based on the drag of continued rise in U.
S.
Treasury yields and the plunge in nickel.
In the spot market, the wait-and-see mood is strong, consumption is still weak, and trading has stalemated
.
Delivery pressure is still large, consumption is still in the process of recovery, consumption is expected to strengthen seasonally in March, the current macro atmosphere disturbs the market, copper prices fluctuate
at a high level.
On the macro front, global central banks are likely to continue to maintain their current ultra-loose monetary and fiscal policies, and the US dollar is expected to remain weak
.
On the fundamental side, the CSPT team finalized copper finishing fee floor prices for the first quarter of 2021 at $53/mt and $5.
3/lb, down $5 and 0.
5 cents from Q4 2020, indicating that the market remains pessimistic
about future copper concentrate supply expectations.
On the demand side, China's current control of the new crown epidemic is still very successful, and the new energy and new infrastructure sector will continue to pull copper demand, with the off-season delayed, the next peak season to warehouse is likely to form a strong support for copper prices, maintain the long-term bullish judgment
of copper prices.
