-
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 main contract of Shanghai copper 1912 opened at 47150 yuan / ton in the morning, and then some bears increased their positions, the center of gravity moved slightly down to around 47130 yuan / ton, until the end of midday, the afternoon still maintained a stable trend, the center of gravity remained stable at 47100 yuan / ton, and closed at 47120 yuan / ton, up 50 yuan / ton, or 0.
11%, and the daily fluctuation range was within 120 yuan / ton
.
The center of gravity of the market fell slightly, mainly because it is still affected by Brexit, and the current Brexit has entered the last critical period, but there are still many resistances, market risks have increased, and copper prices continue to rise and are difficult to support
.
In the external market, Apanlon copper opened at 5838 US dollars / ton, the center of gravity was quickly lowered in the morning, as the market gradually digested the positive news of Brexit, the center of gravity moved to around 5832 US dollars / ton, and the center of gravity remained stable in the later stage of the Asian market
.
Then entered the European market, after the short-term surge of 5849 US dollars / ton, the LME announced that copper stocks increased by more than 2,000 tons, and the uncertainty of Brexit increased, the market sentiment once again turned to safe-haven assets, copper market bears entered the market positively, copper prices turned sharply and plummeted, instantly falling nearly 30 US dollars / ton, testing down 5813.
5 US dollars / ton
.
In terms of the market, Shanghai copper fluctuated
in a narrow range around 47100 yuan / ton.
Due to the problem of the suspension of the tax stamp system upgrade ticket on the 25th of this month, there is still a willingness to hold up the price for the monthly ticket, and the morning market quotation is 80 ~ 100 yuan / ton, but the spot market buying is still weak, and the holder is forced to lower the quotation premium by 70 ~ 90, and the transaction is still more wait-and-see
.
Copper prices are high, superimposed on sufficient supply, weak buying, market fear of heights, traders speculate cautiously, and downstream actual consumption is weak
.
The proportion of monthly passes will further increase
tomorrow.
In the afternoon, the market transaction was relatively light, the market was high, and the market spot premium quotation was also at a high level, which inhibited the market's willingness to buy, so the holders were forced to lower the quotation, but because there was still some long-term order demand in the market, the downward adjustment space was limited
.
The recent release of economic data from the United States has mostly weakened the previous value, which has increased the market's speculation about the Fed's interest rate cut again, and the dollar's recent low performance has also allowed the commodity market to take advantage
of the opportunity.
Coupled with the recent frequent accidents at the copper mine end, the market is worried about the supply setback, and it is expected that copper prices will have a chance to recover
again.
