-
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, Shanghai copper first suppressed and then rose, opening at 49630 yuan / ton, copper prices opened around the daily moving average narrow finishing after the center of gravity down, down to 49070 yuan / ton, in the low near the narrow range of consolidation, bulls actively increased positions, copper prices rebounded, broke through the daily moving average, climbed to a high of 49560 yuan / ton, during the period at 49300 yuan / ton and 49400 yuan / ton position narrow range oscillation, the end of the session slightly declined, closing 49430 yuan / ton
.
On the macro front, the Fed ignored the market turmoil and still stated that it maintained its interest rate hike plan, U.
S.
stocks fell, the US dollar soared, and short-term U.
S.
bond yields hit a 10-year high; Oil prices fell nine times in a row into a bear market; China's import and export growth rate in October both unexpectedly increased
.
In terms of industry, data released by the Chilean Copper Commission (Cochilco) showed that Chile's copper production in the first nine months of 2018 was 4.
25 million tons, an increase of 7.
3%
over the same period last year.
In addition, due to the interference of foreign refined copper production capacity, the short-term supply of refined copper around China is still tight, and China's refined copper supply is relatively loose, but the current smelting capacity still has not reached the peak, or it is difficult to make up for the interference of foreign refining capacity; There is some pressure on the macro, but the outlook for supportive policies has also increased, and the expectation of easing Sino-US trade relations, copper prices are volatile
in the short term or range.
