-
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
On Friday, the main contract of Shanghai copper 2003 opened at 48880 yuan / ton in the morning, and the center of gravity remained stable around 48900 yuan / ton after the opening, until the end of the midday session, and the morning disk fluctuation range was small; The afternoon opening was strong, and they entered the market one after another, and the market continued to rise above the 49,000 yuan / ton mark, and closed at 49,010 yuan / ton at the end of the session, up 30 yuan / ton, or 0.
06%.
In terms of external trading, the Asian market opened high at 6168 US dollars / ton in the morning, and the center of gravity of copper prices remained stable around 6180 US dollars / ton after the opening, and tested 6168 US dollars / ton in early trading, and the Asian market basically maintained a narrow range of volatility
.
Until the end of the Asian session, copper prices began to pull up, reaching up to $6198 / ton
.
But the high was not long, and then entered the European market, as safe-haven assets such as the US dollar and gold rebounded again, and copper prices gave up their morning gains
.
As of 18:00, London copper closed at $6187/ton, up 0.
28%.
Although the US employment data weakened from the perspective of expectations, the market still maintained optimistic expectations for the non-farm payrolls data guided by the previous better-than-expected improvement in ADP employment, and the overall employment situation in the United States remained at a high level
in the fourth quarter.
Therefore, the dollar still has upside, which puts pressure
on copper prices.
In terms of the market, the Shanghai copper shock was sorted below
48,700 yuan / ton.
Spot market, downstream purchases have been reduced, smelters and traders sell pre-holiday sources in advance, morning holders show obvious mood of rushing to sell, the quotation has been fully discounted to discount 50 ~ discount 30 yuan / ton, in the case of no results, the discount is greatly reduced, good copper to discount 60 ~ discount 50 yuan / ton, flat water copper discount 70 yuan / ton quotation can generally still be pressed, but can not stand the trader who wants to exchange cash, the flat water copper adjustment to a discount of about 80 yuan / ton, the transaction of low-priced sources has improved, Wet copper expanded to around 180 yuan / ton with market quotation, and the downstream maintained rigid demand
.
The willingness to exchange cash in the market increased during the day, and the lack of volume supported by weak transactions, especially flat water copper led the downward trend, traders' receiving target prices were locked around 100 yuan, and the market continued to show the characteristics of
a decline in supply loose quotations.
The center of gravity of Shanghai copper moved slightly upward during the day, mainly because the market was optimistic about the US non-farm payrolls under the favorable US ADP data, boosting the market's confidence in the macroeconomy, and Shanghai copper returned above the 49,000 yuan / ton mark
.
At present, Shanghai copper closed positive and stood above the 5-day moving average, the KDJ indicator golden cross is favorable, and the technical situation slightly supports copper prices
.
