-
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, dragged down by the continuous downward trend of London copper, the main 1704 contract of Shanghai copper opened lower at 48450 yuan / ton
.
After the opening of the bulls closed the position to hedge, Shanghai copper struggled near the daily moving average for a period of time, as the short joined, copper prices continued to pullback, bottoming out to 47860 yuan / ton, closing at 48020 yuan / ton, down 690 yuan / ton, trading volume decreased 122,000 lots to 139142 lots, and positions decreased 1012 lots to 188930 lots
.
Overnight, Shanghai copper fell through the dense area of the upper moving average, and the solid part was supported at the middle rail of Bollinger Road, and the Shanghai copper operating range is expected to be 47900~48500 yuan / ton
.
Today, we will pay attention to the opening of the two sessions, and the important news such as the economic goals of the year that may be revealed during the meeting may have an effect
on the overall market sentiment.
Eurozone inflation data released on Thursday were good, and U.
S.
jobless claims continued to fall last week, but the euro remained unshaken
as expectations of a Fed rate hike continued to strengthen, supporting the dollar to remain strong and rush as high as 102.
26, the highest since February.
Internal and external base metals lost their popularity after the market cooled down Trump's infrastructure policy hype, coupled with strong dollar pressure, and collectively returned to the downtrend
.
On the supply side, the supply side of copper mines has been greatly disrupted by disruptions this year, with Escondida copper miners in Chile going on strike, and the American Freeport McMullen Copper and Gold Mining Company wrestling with the government over Indonesia's decision to ban copper concentrate exports
.
Disruptions on the supply side will have an impact
on production.
In terms of domestic downstream demand, March and April of each year is the peak season for copper downstream production, and demand is expected to increase, supporting copper prices
.
Overall, the news speculation cooled down, copper inventory pressure remained, and the market continued to look downward for adjustment
.
Intraday operation advice, short on the high
.
