-
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 1901 contract of Shanghai copper opened at the high of 50140 yuan / ton in the morning, the beginning of the session London copper weakened, Shanghai copper along the daily moving average narrow finishing, then bears with positions in, bulls exited, copper prices fell below the daily moving average, along the 49940 yuan / ton line of narrow finishing
.
In the afternoon, London copper fell rapidly, Shanghai copper fell with it, a large number of bears entered with positions, the center of gravity of copper prices fell slightly to test the low of 49730 yuan / ton, the tail copper price along the 49810 yuan / ton a narrow range, closed at 49770 yuan / ton, up 470 yuan / ton, up 0.
95%.
In terms of external trading, London copper opened high and low in the morning, during the Asian session, London copper opened at 6295 US dollars / ton, the opening peaked at 6300.
5 US dollars / ton, after the opening due to the US index volatility strengthened, copper price center of gravity quickly moved down below the daily moving average, fell to 6234.
5 US dollars / ton, due to the slight decline of the US dollar index, copper prices touched the daily moving average, rose back to 6262 US dollars / ton, but due to China's October Caixin service PMI data release, less than the previous value and expectations, market confidence was frustrated, Copper prices fell back to 6235-6260 US dollars / ton range narrow range, during the copper price tried to break through 6260 US dollars / ton, short positions into the market, copper prices fell again, the European session is still under pressure of 6250 US dollars / ton difficult to form a breakthrough, the bottom of 6207.
5 US dollars / ton, European session, although there is a recovery but the center of gravity still falls, trapped in a narrow range of 6125 ~ 6135 US dollars / ton
.
In terms of the market, Shanghai copper rebounded back to around 50,000 yuan, but the pressure of the whole number mark fluctuated within the day, the price difference expanded to 70 ~ 80 yuan / ton in the next month, the morning market holders quoted flat water ~ premium 30 yuan / ton quotation, good copper once tried to quote higher, but the overall market performance is cautious, buying is insufficient, supply and demand sides are slightly tug-of-war
.
Entering the second trading session, some low-end flat water copper quotations still have room for price pressure, good copper maintained a premium of 10 yuan / ton quotation, but the transaction heat was suppressed, copper prices rebounded close to 50,000 yuan, downstream performance stopped
.
China Import International Expo opened in Shanghai, there are certain restrictions on surrounding logistics, and some warehouses have strict inspections for overload and transportation, which also affects downstream buying sentiment
to a certain extent.
Although traders have the willingness to buy and sell the period, the difficulty of price reduction space also restricts the atmosphere of trade speculation, and the supply and demand sides will continue to show a tug-of-war in
the short term.
Shanghai copper 1812 contract opened slightly higher on Monday and then fell back weakly, the current market looks at the Shanghai copper 1812 contract in the early stage affected by the Sino-US trade war out of a wave of strong rebound trend, but the early important pressure level 50300 line is still not firm, Shanghai copper will continue to be weak
.
