-
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 2005 contract of Shanghai copper opened high and fell, with the highest of 41180 yuan / ton, the lowest 40690 yuan / ton, and the closing price of 40800 yuan / ton, down 0.
02% from the previous trading day's closing price; In the external market, LME copper opened high and fell, as of 15:00 Beijing time, the three-month London copper was reported at 5035 US dollars / ton, up 0.
25%
on the day.
Market focus: (1) At 20:30 Beijing time on Thursday, the US jobless claims data will be released, and the market expects 5 million people
.
(2) SMM data, China's electrolytic copper output in March was 743,700 tons, an increase of 8.
87%, a decrease of 0.
98%.
Spot analysis: On April 9, spot 1# electrolytic copper was quoted at 40880-41020 yuan / ton, with an average price of 40950 yuan / ton, a daily increase of 225 yuan / ton
.
The morning market quotation was about 130 yuan / ton, but the holders showed a significantly high level of cash exchange sentiment, and took the initiative to reduce the quotation in the case of no results, and the downstream maintained rigid demand
.
Intraday cargo holders are entangled, the contradiction between cash exchange and willingness to rise to the water is glued, the lack of market support transaction is difficult to raise, and the high copper price and high premium make it difficult for the market to stop
.
Warehouse receipt inventory: Shanghai copper warehouse receipts totaled 187,200 tons on Thursday, a daily decrease of 5,079 tons, down 16 consecutive days; On April 8, LME copper stocks stood at 259,850 tonnes, up 43,350 tonnes
per day.
Main positions: the top 20 long positions of Shanghai copper main 2005 contract are 71364 lots, minus 353 lots per day, short positions are 73026 lots, daily minus 657 lots, net short positions are 1662 lots, daily minus 304 lots, long and short are reduced, net space is reduced
.
The pandemic has hit the global economy, with initial jobless claims in the United States expected to reach 5 million last week, and market concerns remain, putting pressure
on copper prices.
However, the epidemic situation in Europe has reached an inflection point, coupled with the continuous introduction of global monetary easing policies, which is conducive to the recovery of market sentiment; At the same time, the epidemic has also affected the production of copper miners, and the supply disturbance of copper mines has increased; Coupled with the recent continuous downward trend in Shanghai copper inventories, the upward momentum of copper prices has strengthened
.
In terms of spot, the holders showed a significantly high level of cash exchange sentiment, and took the initiative to reduce the quotation in the case of no results, and maintained rigid demand
downstream.
Technically, the main force of Shanghai copper 2005 contract daily MACD red column increment, mainstream short positions increased large, is expected to recover in the short term
.
In operation, it is recommended that the Shanghai copper 2005 contract can be long at 40,500 yuan / ton at a pullback, and the stop loss is 40,200 yuan / ton
.
