-
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
After a slight retracement last Wednesday, the main futures contract of Shanghai copper continued to break out last Thursday, rising nearly 1% on the day, almost approaching the integer mark of 73,000 yuan per ton, and the low point also came from less than 70,000 yuan at the beginning of the week to the current 71,510 yuan / ton
.
At the macro level, the US economy grew 6.
4% in the first quarter, close to the pre-pandemic scale, weekly jobless claims fell to the lowest level since the start of the pandemic last year, while the market was optimistic about the $1.
8 trillion spending outlook, and U.
S.
stocks rose
overnight.
However, the dollar index rebounded slightly, and fear of heights grew
as industrial prices rose.
In terms of the market, the spot quotation of Yangtze River nonferrous copper is 71790-71810 yuan, and the average price is 680 yuan
lower than the previous day.
The spot market transaction was weak, and the premium fell by 5 yuan / ton
from the previous day.
The pre-holiday spot market was light and the reported goods decreased; The middleman adjusted the price slightly, the mainstream transaction of flat water copper was in the range of 140-150 yuan, and some domestic good copper newspapers posted 90 yuan but the transaction was rare, and the market atmosphere was generally weak
.
In terms of stocks, LME copper stocks continued to decline by 1,650 tonnes to 147325 tonnes, although registered warehouse receipts remained unchanged and cancelled warehouse receipts continued to decline
.
Internal weakness and external strength are still the main characteristics, import losses of more than 1,000 yuan, China's manual exports and bonded inventories have increased, and the suppression of entities by rising commodity prices is underway, but only when the limit is reached, the policy can be turned, and the atmosphere of short-term commodity price increases is still intact
.
Overall, in the absence of obvious bearish background, copper prices have accelerated recently, and the market sentiment is more optimistic, but during the May Day holiday, there are many external uncertainties, and it is recommended to control positions
before the holiday.
