-
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
Overnight, Shanghai copper opened at 50180 yuan / ton, and the short entry at the beginning of the session dragged copper prices downward, and the overall trend along the daily moving average showed a volatile downward trend, and the downward departure from the daily moving average
.
After that, it fell again and briefly sorted out
at 49800 yuan / ton.
At the end of the day, the bears took profits, and the copper price fell back to close at 49,870 yuan / ton, down 390 yuan / ton, and the position increased by 956 lots to 287,000 lots
.
On the macro front, the dollar index closed lower on Friday as fears of escalating trade tensions could hurt the global economy.
At the same time, crude oil rose sharply, or provided some support
for copper prices.
It is expected that the main force of Shanghai copper today is 49700~50200 yuan / ton
.
In terms of spot, due to the low price of copper, the downstream generally holds a wait-and-see attitude, and there are few transactions, and it is expected that today's spot discount is 140~220 yuan
.
In the lack of significant contradictions between supply and demand, macro driving is expected to dominate, although the weakening of the US dollar boosted copper prices, but trade tensions triggered market risk aversion, and rising trade frictions may also harm the growth of the global economy, so Shanghai copper short-term or continue to run weakly, it is recommended that Shanghai copper short orders continue to hold
.
The spot discount continued to narrow, and the positive set position of the stabilizer Shanghai copper continued to hold
.
