 Home > Chemicals Industry > New Chemical Materials > May 22 Copper Market Afternoon Review

May 22 Copper Market Afternoon Review

 Last Update: 2022-12-16
 Source: Internet
 Author: User

Tags

copper recycled

what copper mean

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Copper Market Summary: The rise in the dollar index and the pullback in oil prices put pressure, London copper closed down $28 overnight, the United Nations report that global economic growth is slowing, copper market demand outlook may be affected, copper is expected to fall
today.

Copper City

Today's Shanghai electrolytic copper spot contract reported a premium of 100 ~ 160 yuan / ton, the transaction price of flat water copper was 47460 yuan / ton ~ 47520 yuan / ton, and the trading price of premium copper was 47500 yuan / ton ~ 47560 yuan / ton
.
Overnight, London copper broke 6,000 US dollars and fell, Shanghai copper followed the decline, and today's copper was sorted
out around 47400 yuan / ton.

Spot inventory performance decreased, superimposed copper prices fell, the morning market inquiry atmosphere is active, the willingness to receive goods is proactive, the holder is resolute, the market opens with a premium of 100~150 yuan / ton, attracting some traders to buy and deliver long orders, the premium shows a slight increase, flat water copper is lower than the premium 100 yuan / ton difficult to find a source, is raised to the premium 110 ~ 120 yuan / ton, good copper premium 150 ~ 160 yuan / ton near the transaction continues to perform well, downstream bargain trading willingness continues to improve, wet copper is a comprehensive premium, The quotation premium is 20~50 yuan / ton
.
The market supply performance is not abundant, traders receive and deliver long orders, the decline in the market attracts some downstream bargain buying, the current market has not shown signs of stopping, short-term will still maintain high premium quotations
.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

9,10-Diphenylanthrac

CAS No.: 1499-10-1

$1-1.2/MT FOB

High Quality Polar Solvent 99.99% Ethylene carbonate/Ethylencarbonat/ EC CAS 96-49-1

CAS No.: 96-49-1

Pharmacy Grade

$1-1.2/MT FOB

High quality Fluorescent Brightener CBS-X 98% TOP1 supplier in China

CAS No.: 27344-41-8

Industrial Grade

$3/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.