-
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 prices rushed back down yesterday, touching above $9,600 during the session, and followed European and American stocks to close at $
9,350 in overnight.
Shanghai copper continued to increase its position and pull higher, the highest rushed above 70,700 yuan, and fell back to 69,400 yuan
in overnight trading.
The rhythm of the market is still controlled by the bulls, and a small increase in positions can increase the price significantly
.
Shanghai copper spot discount quotation to 250 yuan, attracting traders to receive goods, and then slightly converged
.
In the macro aspect, vaccines continue to advance, and the effectiveness of vaccines is high; Fed officials continue to calm market anxiety about inflation, but the rapid growth of US Treasury yields has raised market concerns
.
On the supply side, supply and demand between mine and smelting are still in a tight pattern, TC is still declining, but supply disturbances have eased
.
On the demand side, after the holiday, enterprises have sufficient employees, industrial enterprises will recover more quickly, and export demand is also strong
.
However, it is also necessary to pay attention to the rapidly rising copper price that makes the downstream afraid to stop, the price difference between refined waste expands, and the replacement advantage of copper scrap is obvious
.
Copper prices are currently mainly benefiting from macro factors such as "recovery + reflation", optimism is spreading, and copper prices are expected to remain strong
.
