-
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, affected by the diving of London copper, the main force of Shanghai copper 1612 jumped sharply to open low at 37210 yuan / ton, after the opening back to the 40-day moving average to get support, and then driven by long buying, copper prices twice rushed up the 20-day moving average to 37360 yuan / ton, supported by the daily moving average, closing at 37280 yuan / ton at the small white line, Increase positions by 3,340 lots to 209,000 lots, the trading volume decreased by 59,312 lots to 139,000 hands, overnight Shanghai copper main range narrow range oscillation, from the plate point of view, the decline is too fast The market is more cautious, long and short take short-term operations, the possibility of continuing to fall in the short term is unlikely, it is expected to continue to oscillate within the moving average today, running in the range of 37150-37400 yuan / ton
.
In terms of market: on October 13, Shanghai electrolytic copper spot traded 60 yuan / ton - 150 yuan / ton for the monthly contract, and the trading price of flat water copper was 37950-38040 yuan / ton
.
Holders are eager to exchange cash, have reduced the premium shipments, the current copper quotation level to the delivery level, all the way down, after entering the second trading period, the market further declined, some speculators into the market, absorb low-priced sources, favor flat water copper and wet copper, flat water copper low-price sources decreased, downstream wait-and-see sentiment is strong, waiting for lower prices to enter the market, the transaction is dominated by middlemen, it is expected that the wet copper source will appear discounted
.
Inventories: As of September 30, the previous period of Shanghai copper stocks reported 107058 tons, a weekly decrease of 23,722 tons, a new low since the end of July last year, and far lower than the average inventory value of 229,000 tons during the year, indicating that the pressure on domestic inventories is much weaker than abroad
.
Overnight, London copper fell under pressure, as the dollar index remained high, and China's September trade data performed poorly, increasing concerns about China's economic slowdown, and copper fell back below the moving average group, short-term operation ideas may need to turn bearish
.
It is recommended that the Shanghai copper 1612 contract can be backed by 37900 yuan below the sky, the entry reference is around 37400 yuan, and the target reference is 36800 yuan
.
