-
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 price of copper outside the holiday fluctuated sharply, and London copper first fell and then rose
.
On October 2, London copper fell sharply by nearly 5%, the lowest fell to 6269 US dollars / ton, and gradually recovered the previous decline in the following days
.
From the perspective of the external holiday shock trend, macro news and its impact on sentiment still dominate copper prices, the European epidemic rebound continues, and the average daily new additions in the United States are also high, the pressure of economic recovery and inflation recovery still has greater uncertainty, although the current market has become accustomed to the atmosphere of "epidemic shrouded", but the changes in the control policies of various countries still affect market sentiment, and hedging with the change of stimulus policies, the US fiscal stimulus policy is still under the deadlock of the two parties failed to land, driving the market wind to swing, It is difficult to see the certainty trend at the macro level, and the copper price shock will continue
.
After a short holiday, copper mine supply regeneration interference, due to Escondida and Candelaria copper mine labor negotiation problems and the risk of strike, the already tight copper mine supply situation further aggravated, although the pre-holiday CSPT team finalized the fourth quarter TC floor price of $58/ton, an increase of $5 month-on-month, but the low absolute price still shows the pattern of mine relative smelting tight, the strike has made the mine end support for prices again
.
For the future market, based on the background of loose liquidity and economic recovery, copper prices are expected to maintain a strong trend
in the future market.
The Fed's continued accommodative monetary policy has made it difficult for a weak dollar to reverse in the short term, supporting copper prices
.
In addition, as the epidemic is gradually brought under control and the global economy continues to recover, copper demand represented by power grid and real estate demand will continue to recover, and automobile demand will continue to improve
.
In terms of supply, the expectation of tight copper mine supply has not changed, and the low operation of processing fees and the continued low price of sulfuric acid have compressed smelting profits, suppressing smelter production enthusiasm, and limiting the supply of refined copper
.
Overall, it is recommended to maintain the bullish idea, and if there is a pullback caused by a sudden bearish copper price in the later period, it will be a better time
to enter the market.
