 Home > Chemicals Industry > New Chemical Materials > Shanghai copper afternoon review on August 2

Shanghai copper afternoon review on August 2

 Last Update: 2022-12-16
 Source: Internet
 Author: User

Tags

5 3 models

products light reactions

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Last night's internal trading trend had a slight low recovery trend
.
The lowest level of Shanghai copper fell to 46,420 yuan / ton, narrowly breaking the 46,400 mark, and the position of the Shanghai copper index increased by 3,312 lots to 604,000 lots
.
Last night, the dollar fell back after fluctuating at a high level, mainly because the US ISM manufacturing PMI was released in the evening less than expected, the dollar fell and copper prices took the opportunity to rise
slightly.

Shanghai copper

Affected by the US president's tweet in the early hours of this morning, global trade sentiment was tense again, industrial products plunged sharply, and this morning London copper opened a dip low of $5,814 / ton
.
And at present, the Fed's hawkish interest rate cut has pushed the dollar to hold a high of 98, copper prices are under upward pressure, and domestic fundamental demand has also entered the off-season, and the copper market is worrying
.

In terms of spot, as today's market prices will continue to weaken, holders are expected to continue to firm quotations, downstream waiting for stable market buying, market trading will remain light
.
It is expected that today's Shanghai copper 45900-46400 yuan / ton, spot premium 40-liter 80 yuan / ton
.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

9,10-Diphenylanthrac

CAS No.: 1499-10-1

$1-1.2/MT FOB

High Quality Polar Solvent 99.99% Ethylene carbonate/Ethylencarbonat/ EC CAS 96-49-1

CAS No.: 96-49-1

Pharmacy Grade

$1-1.2/MT FOB

High quality Fluorescent Brightener CBS-X 98% TOP1 supplier in China

CAS No.: 27344-41-8

Industrial Grade

$3/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.