-
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 Wednesday, the copper market rushed back down
.
New housing starts in the United States are not as expected, the global daily new crown death toll is at a record high, and the number of states that take measures in the United States is beginning to increase
.
The market is still in
the contradiction between hope and reality.
In the copper market, the domestic spot market is still more, technically copper prices are at a high level of volatility, LME support is 5-day moving average of $7,000, domestic is 10-day moving average of 52,300 yuan
.
The international copper futures contract was listed today, the benchmark price was 47680 yuan / ton, and the price after considering taxes and fees was close to 53900 yuan / ton, which was relatively high
.
From the macro data, China's October economic data released, industrial added value and fixed asset investment growth rate remained at the high point of the year, exceeding market expectations, the total retail sales of social consumer goods accelerated growth, so that copper prices have risen
recently.
However, the rebound of the epidemic in Europe and the United States has cast a shadow over the prospects of economic repair, the domestic price index also reflects that aggregate demand is still not optimistic, whether terminal orders can continue to be strong remains to be confirmed, and the trend of copper price fluctuations is difficult to change
in the short term.
