-
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 afternoon commentary: Copper prices fell back after a slight increase last week, and finally remained basically the same
as at the beginning of the week.
On Friday evening, the international non-ferrous metal market further strengthened, London copper futures closed at 9470 US dollars / ton, up 0.
74%, domestic copper and aluminum closed up overnight, Shanghai copper futures Cu2110 reported 69380 yuan / ton, up 0.
36%.
The US non-farm payrolls data was significantly lower than expected, which eased concerns about the Fed's tapering of bond purchases
.
Fed Chairman Jerome Powell has repeatedly stressed the importance of the labor market to the US economy, and the dismal August non-farm payrolls data may not change the Fed's debt reduction arrangements, but it may have an impact
on the size of the reduction.
From a fundamental point of view, as the end of the year approaches, the seasonal factors of electricity may support copper demand
.
Persistently low inventories also prove that demand for copper is gradually shifting to the entity
.
In the short term, copper prices will continue to be volatile until the Fed's September interest rate meeting
.
After the September interest rate decision, macro sentiment may pull copper prices down, and fundamentals will give strong support
after copper prices fall.
