-
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, Shanghai copper ran strongly, the intraday rise narrowed slightly, the main monthly 2209 contract opened at 62500 yuan / ton, the daily close at 62770 yuan / ton, up 520 yuan / ton, up 0.
84%, under the pressure of the strong dollar, Shanghai copper closed under pressure, and the market atmosphere was warm, the non-ferrous color was generally red, superimposed on the previous period of copper inventories plummeted, Shanghai copper bottom support strengthened
.
In terms of spot, on August 22, the trading price of Yangtze River spot 1# copper was 63700-63740 yuan / ton, up 700 yuan / ton; Premiums 680-620, down 30 yuan / ton
.
In the spot market, under the high premium, the spot circulation is becoming tighter, the holding company is strong in price and reluctance to sell, and the receiver is afraid of the heights, the purchase is not happy, and the transaction is general
.
In terms of inventories, as of August 20, copper stocks on the London Metal Exchange (LME) decreased by 1,250 tons, or 1.
01%, to 122575 tons; As of August 22, the previous copper futures warehouse receipt was 3,682 tons, down 277 tons from the previous day; As of August 19, copper stocks in the previous period decreased by 10,606 tons to 31,205 tons, a decrease of 25.
37%.
On the supply side, power cuts and the epidemic affected supply, short-term copper supply tightened, coupled with the recovery of import profits, and the sharp decline in Shanghai copper inventories in the previous period, Shanghai copper tension led to spot contraction
.
On the demand side, the current power rationing has an expansion trend, and the downstream is also affected by this, the wait-and-see attitude is getting stronger, and the real estate depression has not improved, and the demand is becoming more and more optimistic
.
Comprehensive analysis, Shanghai copper rose during the day, up 520 yuan, up 0.
84%, the market atmosphere was optimistic and non-ferrous commodities collectively red, Shanghai copper was running strongly, once soared in the morning, approaching 2%, but then the market fell slightly and ran
under pressure.
The main reason is that the Fed continues to hawk, pushing up the already strong dollar, but the recent internal and external power disturbances are limited, and the impact of power cuts will continue to expand, and short-term supply pressure will slow down
.
In addition, the domestic central bank cut interest rates to revive market confidence, and the copper inventory in the previous period fell sharply, Shanghai copper is difficult to fall in the short term, or will continue to rise
.
