-
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
Overnight, London copper opened at $6841.
5 / ton, falling slightly at the beginning of the session, testing lower than $6829 / ton
.
After the Asian market opened, following the strong upward trend of domestic sentiment, crossing the daily moving average to touch 6879 US dollars / ton
.
The overall operation is above the daily moving average, oscillating along the $6870/ton line
.
Entering European time, the dollar once broke through 94 points, touched a high of 94.
050, and the metal pressure fell, testing down at $6854 / ton, and rushing
straight after a short finish.
With the increase in LME copper stocks for four consecutive days, reporting an increase of 1425 tons, copper prices slowly fell, testing down at $6869.
5 / ton
.
Late, it recovered slightly, closing at $6,898/ton, up $74/ton, or 1.
09%.
Copper prices closed higher
, as Sino-US trade negotiations reached a consensus agreement, market risk appetite was repaired, and concerns about the outlook for copper demand gradually receded.
However, this year, the interference rate of copper mine supply has decreased significantly, labor negotiations have mostly proceeded smoothly, and there is no shortage of domestic copper supply, resulting in abundant copper supply, coupled with the strength of the US dollar, copper prices are expected to rise
weakly.
Overall, the Sino-US trade war reached a consensus, but the strengthening of the US dollar inhibited the upward movement of copper prices, overnight London copper rebound narrowed the decline and did not change much, scrap copper shortage to copper price support is still there, demand side is still lacking in bright spots, it is expected that today's London copper or shock sorting
.
