-
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
The copper rally was stalled
on Wednesday.
The US Treasury Secretary said that it is difficult to reach a new fiscal stimulus package before the end of the election, the market has turned pessimistic, European industrial growth has slowed, and market pressure has increased
under the epidemic.
Overnight, Lun copper rushed back down to close Xiaoyang, opening slightly lower today at the 5-day moving average down $6706
.
Shanghai copper opened slightly lower below the 5/20-day moving average in overnight trading, and closed in the dark at 51240
.
Shanghai copper trading positions are basically stable, the market is biased to wait and see, and the short-term may continue to fluctuate
around 51000.
Due to the increased uncertainty of the US presidential election, Shanghai copper is more likely to continue the volatility in October
.
The upper pressure of Shanghai copper is 52000, and the lower support is 50000
.
LME stocks surged by 16,000 tonnes on Wednesday as Chilean labor talks continued and mine workers who struck during National Day demanded a resumption of negotiations to end the strike
.
The lack of signs of peak season in domestic consumption remains pressure
.
It tends that the copper market is located in a range oscillation, short-term short operation
.
