-
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 Thursday, the main 03 contract of Shanghai copper opened around 71430 yuan / ton wide range of shocks, the second period of volatility slowed down, and was significantly pressured by the daily moving average, closing at 71450 yuan / ton
at midday.
In the afternoon, the opening long position reduction fell rapidly, falling to 71060 yuan / ton at about 14 o'clock, and then fell again to touch 71030 yuan / ton after the uptest of 71260 yuan / ton, and recovered slightly at the end of the day, and finally closed at 71160 yuan / ton, down 0.
28%.
On the macro front, the United States continues to play up the risk of war, Biden claims that Russia may launch an attack on Ukraine "in the next few days", and the US State Department confirms that Russia has expelled US Deputy Ambassador to Russia Gorman
.
Saint Louis Fed President Bullard warned that if the Fed does not raise interest rates, inflation problems may become more serious and may get out of control
.
Risk aversion has further heated up amid the twin shocks of geopolitical tensions and the Fed's accelerated monetary tightening prospects
From a fundamental point of view, in terms of Shanghai copper, the plate continued to maintain a high volatility pattern, inhibiting downstream consumption, and it was still difficult to see a large number of buying orders by holding goods all the way down, during which the delivery warehouse slip flowed out, and the Shanghai copper premium was suppressed
.
In terms of copper in South China, Guangdong's inventory rose slightly after the end of the two-year consecutive decline, and failed to continue to destock.
Although inventories did not continue to decline, market activity increased, the sentiment of holders was still strong, and the copper premium in South China rose
.
In terms of imports, the import window continued to close, LME0-3 maintained its Back structure, and market trading continued to maintain low activity
.
In terms of inventory, LME slight music library and SHFE inventory were flat
.
On Feb.
17, the LME fell 0.
1 million tonnes to 74,300 tonnes, with SHFE stocks flat at 71,100 tonnes
.
Overall, market risk aversion has further heated up, and copper prices have continued to fluctuate
at high levels.
