-
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 Friday night, Panlun copper went all the way higher, the highest level reached 5980 US dollars / ton, straight to the 6000 mark, up 1.
8%, hitting a new high in nearly a month, Shanghai copper due to the Mid-Autumn Festival last Thursday factors night trading closed
.
Copper prices hit new highs again, first of all, due to the further easing of Sino-US relations, secondly, the British hard Brexit situation has eased, the pound sterling has performed strongly, rising nearly 170 points, the dollar is under pressure to break the 98 mark, London copper is supported to hit a new high
in recent months.
At present, in the global macro front, the European Central Bank announced last Thursday that it cut interest rates and restarted QE, in order to boost the weak European economy and give confidence to the market
.
US retail sales data for August increased more than expected, economic conditions remain relatively strong, and markets await this week's Fed interest rate decision
.
The overall global macro sentiment has improved, coupled with the goodwill released by the Sino-US trade parties, which has eased the market's risk aversion, and the overall improvement in sentiment will support copper prices; In terms of crude oil, due to the attack on two important oil facilities in Saudi Aramco, the impact on crude oil supply will push oil prices higher in the short term, and is also expected to drive the copper market up
.
Domestic consumption is gradually improving, the inventory of the previous period decreased by 9871 tons last week, and the downstream operating rate of copper gradually rebounded month-on-month, supporting the rise of Shanghai copper
.
In terms of spot, today entered the delivery day, the market price spread has a back 100 yuan structure, so it is expected that the market spot will still maintain a 100 yuan premium pattern, high premium superimposed on high plate price, will inhibit market trading sentiment
.
It is expected that today's Shanghai copper 47400-48000 yuan / ton, 110-liter water 140 yuan / ton
.
