-
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
Today's Shanghai copper shock rebound, the main month 2004 contract opened at 43250 yuan / ton, the highest intraday 43760 yuan / ton, the lowest 42740 yuan / ton, settled 43300 yuan / ton, closed 43650 yuan / ton, up 130 yuan, or 0.
30%.
Copper prices continued to fluctuate low last night, briefly testing a lower position of $5376.
5 / ton during the session
.
Although the European Central Bank approved new stimulus measures yesterday, but unexpectedly kept interest rates unchanged, coupled with the introduction of new travel restrictions in the United States to curb the spread of the epidemic, investors were panicked, and many national stock markets plunged yesterday, and the Dow fell nearly 10%, which is more bearish
for risk assets.
In terms of crude oil, a large amount of cheap supplies from Saudi Arabia and the United Arab Emirates began to flood the market, and crude oil closed down more than 8% yesterday, which was also not conducive to copper prices
.
At present, the market risk aversion is high, and copper prices are expected to still face greater pressure
.
In terms of spot, due to the decline in the market, yesterday's market in the fear of falling emotions, difficult to trade, in the hedging order profit liquidation demand in some holders took the initiative to lower the quotation, in order to facilitate the transaction, spot premium on the plate together with the continuous downward adjustment, today is expected to follow the downward adjustment
.
It is expected that today's Shanghai copper 43000-43500 yuan / ton
.
It is expected that the spot flat water - premium water today 30 yuan / ton
.
