-
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 Tuesday, the Shanghai copper main 1807 contract opened at 52130 yuan / ton in the morning, and the center of gravity fell after touching a high of 52190 yuan / ton at the beginning of the session, running in the range of 52010~52100 yuan / ton, and then showed a volatile downward trend to test 51890 yuan / ton
.
Some bears took profits during the session, and bulls entered one after another, pushing copper prices upward above the daily moving average
.
Subsequently, boosted by the external market, the rally continued, and the upward trend continued to climb
.
Late in the day, bears reduced their positions again, increasing their gains, closing at an intraday high of 52290 yuan / ton, up 420 yuan / ton
.
In terms of external trading, London copper opened at 6983.
5 US dollars / ton, the overall downward trend at the beginning of the session, after the opening of the Asian market briefly recovered to touch 6988.
5 US dollars / ton, and then the decline continued to test the low of 6952.
5 US dollars / ton, under pressure on the daily moving average, the shock ran at 6963 US dollars / ton line
.
In the afternoon, copper prices continued to climb upwards boosted by the weakening of the US dollar, entering the European session, easily jumping over the $7,000 / ton integer mark, and the rally slowed
down after touching $7,018 / ton.
In terms of the market, the center of gravity of Shanghai copper rose, the price difference in the next month narrowed significantly to more than 100 yuan / ton compared with yesterday, the willingness of the holders to hold the price was not supported by the strong buying of the market, the morning market quotation discount 10 yuan / ton ~ premium 40 yuan / ton, down to the discount 30 yuan / ton ~ premium 30 yuan / ton, there is still room for price pressure, in contrast, traders good copper buying interest is slightly higher, mostly used for long order exchange transactions, downstream buying is weak, flat water copper performance is divergent
。 After eleven o'clock, some traders eager to exchange cash quoted South Korea, Lufang and other brands at a discount of 40 yuan / ton, the increase in the willingness to exchange cash at high and the current situation of fear of heights to stop at the standoff, making it difficult to raise the price of premiums, the market performance is cautious, the market conditions are still lackluster, and the transaction has not substantially improved
.
In the afternoon session, the market rose, and the price difference widened to about 200 yuan / ton in the next month, but the downstream fear of heights is still there, and the sentiment of holders is still standing, but the transaction is difficult to boost confidence, the stalemate pattern continues, and the market activity is average
.
Overall, the Shanghai copper index position remains low, there is no obvious contradiction between copper supply and demand, and the range shock pattern has been maintained for a long time, which is not favored
by funds.
Pay attention to whether the results of Chilean mine negotiations can boost Shanghai copper out of
the shock range.
On the whole, it is expected that the Shanghai copper shock pattern will continue next week, with the overall operation in the range of 50800-52500 yuan / ton
.
