-
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
On Monday, the main 2110 contract of Shanghai copper continued to rebound, with the highest 68270 yuan / ton and the lowest 66990 yuan / ton within the day, and the closing price was 67840 yuan / ton, up 0.
95% from the previous trading day's closing price; LME copper fluctuated to the downside, as of 15:00 Beijing time, 3-month London copper was reported at 9063.
5 US dollars / ton, up 0.
13%
per day.
Market focus: (1) Dallas Fed President Kaplan said that economic growth this year is still expected to be 6.
5%, and the unemployment rate will fall to about
4.
5% by the end of 2021.
Markets are focused on the Fed's central bank seminar
this week.
(2) According to Mysteel data, China's copper concentrate port inventory on August 20 was 732,000 tons, down 80,000 tons from last week, while copper processing fees TC was 59.
4 US dollars / dry ton, up 0.
9 US dollars / dry ton
from last week.
Spot analysis: SMM spot 1# electrolytic copper quotation 68180-68360 yuan / ton, the average price is 68270 yuan / ton, down 1080 yuan / ton
daily.
Cargo holders cover the goods and sell, receivers mostly purchase at low prices, downstream fear of heights and wait and see, the overall transaction activity is average, and the actual transaction is light
.
Warehouse receipt inventory: the total number of Shanghai copper warehouse receipts in Shanghai was 35,902 tons, a daily decrease of 2,349 tons; LME copper stocks were 251,450 tonnes, up 6,325 tonnes
per day.
Main positions: the top 20 long positions of Shanghai copper main 2109 contract 77270, -1728, short positions 83024, +1801, net positions -5754, -3529, long short increase, net short increase
.
Market research and judgment: the number of confirmed cases of new crown in the United States continues to rise, the market's concerns about the Fed's accelerated balance sheet reduction have eased, risk sentiment has warmed up, and the US dollar index has come under pressure to pull back; Watch for this
week's annual meeting of central banks.
Fundamentals, copper concentrate spot processing fees have rebounded continuously, and the tight supply and demand have gradually eased
.
However, domestic smelters are still in the maintenance period, and the growth of refined copper production is slow due to the impact of power rationing factors; And downstream consumption shows that the off-season is not light, social stocks are slightly destocked, and copper stocks still have room
for dematerialization.
The performance of overseas demand is weak, and the rapid growth rate of Lunku has dragged down copper prices, and it is expected to be mainly adjusted by
shocks.
Technically, the Shanghai copper 2109 contract 1-hour MACD indicator red bar, focus on the 69000 line of resistance
.
