-
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
Copper market midday commentary: the US dollar strengthened to suppress commodity prices, overnight London copper closed down 1.
03%; Overseas copper mine supply continues to tighten, China's economic data exceeds expectations to benefit the copper market, downstream consumption has rebounded slightly, and copper may remain stable
.
The preliminary Markit manufacturing PMI in the United States for October was 49.
9, falling below the boom-bust line, updating a 28-month low of 51 expected and 52
previously.
Eurozone preliminary manufacturing PMI for October was 46.
6, the lowest since June 2020, and expected at 47.
8 vs 48.
4
previously.
China's September economic data yesterday slightly warmed up from August, the domestic economic situation was stable, and the European and American manufacturing data in the evening were significantly less than expected
.
The dollar rose sharply overnight, and non-ferrous metals rushed back down
.
Overnight, Lun copper rushed back down and turned lower to close in the shade, opening slightly lower at $
7566 today.
Shanghai copper opened slightly higher in the night session, and the shock closed the doji, closing at 63020.
Shanghai copper trading fell and positions rose, and market sentiment was more optimistic
.
After the National Day, copper supply and demand improved, and domestic inventories were extremely low, and there was support
below copper prices.
Macro expectations are stable and may extend a moderate rebound in the medium term
.
Shanghai copper upper pressure 65000, lower support 60000
.
International copper fell to 859 points compared with Shanghai copper, and the external trend was stronger than the internal market
.
