-
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 Monday, the main copper contract 2005 opened at 43320 yuan / ton in the morning, and finally rose slightly, and the center of gravity remained stable around 43500 yuan / ton until the end of midday; In the afternoon, the opening copper price was difficult to stand at the 43,500 yuan / ton mark, and the opening fell all the way down, until the close, the Shanghai copper closing price was 42,630 yuan / ton, down 670 yuan / ton, down 1.
55%.
In the external market, the Asian market morning London copper gap opened low at 5401 US dollars / ton, due to the impact of the epidemic, global monetary policy fully entered an easing cycle, the Federal Reserve on Sunday to zero interest rates, and launched a $700 billion large-scale QE plan, market risk aversion dominated, copper prices under pressure
.
In the morning, copper prices basically remained at the position of 5425 US dollars / ton, and the narrow range fluctuated, and it was 5436.
5 US dollars / ton
before noon.
In the afternoon, copper prices fell rapidly to break through the $5400 mark, bottoming out at $5325 / ton at the beginning of the European session, and then maintaining low volatility
.
As of 17:00, the price of London copper was 5335 US dollars / ton, down 2.
17%.
In the market, the Federal Reserve lowered interest rates to zero and launched a large-scale QE plan of $700 billion, the domestic central bank lowered the RRR, and copper prices rebounded to a low of 43,200 yuan / ton
。 Intraday is the last trading day of the 2003 contract, the price difference fluctuates in the next month at 140 ~ 180 yuan / ton, the market has basically quoted on the 2004 contract, the morning market tries to quote at the discount 130 ~ discount 120 yuan / ton, the market transaction is not smooth, the holder in the case of sufficient supply, temporarily difficult to digest, the first from the flat water copper to start the price reduction, flat water copper to discount 150 ~ discount 140 yuan / ton, good copper to discount 130 yuan / ton nearby, wet copper expanded discount state to discount about 220 yuan / ton
。
The intraday market quotation revolved around the 2004 contract, and at the end of the afternoon session, the low-discount flat water copper was favored by some long-term single users, and the flat water copper bargain buying was temporarily stabilized
。 In the afternoon, the plate fell sharply, since the afternoon market of 43,300 yuan / ton line fell below 43,000 yuan / ton, closed to the lowest point in three and a half years of 42,500 yuan a line, the market was shocked and suppressed by the plunge of the plate, although the quotation still maintained the morning quotation level, flat water copper discount 140-130 yuan / ton, good copper discount 130-120 yuan / ton, the transaction price fell to 42600-43000 yuan / ton, but there has been few actual transactions
.
On Monday, the Shanghai copper 2003 contract was the last trading day, opening at 43010 yuan / ton in the morning, and after the opening, it was winding around the daily moving average, and the center of gravity stabilized around 43180 yuan / ton.
At present, the global epidemic situation is grim, Europe has now become the most affected area, Italy is locked down, the United States also announced an emergency interest rate cut of 100 points to rescue the market, the market risk aversion has risen sharply, and Shanghai copper continues to fall
.
