-
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, the main 1710 contract of Shanghai copper continued to fluctuate at a high level, and rose slightly at the end of the day, closing at 52,800 yuan, an increase of 0.
28%, with a decrease of 36,176 to 177,000 trading volume and a decrease of 13,288 to 170,000
in positions.
The top 20 domestic positions in the 1710 contract reduced their long positions by 3445 lots to 53917 lots; The top 20 domestic positions reduced their holdings by 3439 to 51206
.
In terms of the market, Shanghai electrolytic copper spot contract discount of 30 yuan / ton - premium 20 yuan / ton, flat water copper trading price of 52520 yuan / ton - 52580 yuan / ton, liter copper trading price of 52540 yuan / ton - 52620 yuan / ton
.
In terms of inventories, COMEX copper stocks 181425 short tons as of August 31, unchanged from August 30; LME copper stocks were 228,450 tonnes, up 5,400 tonnes from Aug.
30; As of September 1, SSE futures inventories were 66,358 tons, up 1,907 tons from the previous day, and the inventory in the previous period was 183582 tons, down 3,862 tons
from last week.
Canadian miner First Quantum on Thursday has increased its holdings of Minera Panama to 90 percent to increase copper production
.
Previously, the company held 80% of Minera Panama, which was transferred to South Korean miner LS-Nikko Copper
.
At present, LME inventories continue to decline and copper mine tightness expectations support, copper price trend to maintain a long pattern, the LME released a position report shows that the fund manager's net long position in LME copper in the week ended August 25 was 76,951 lots, an increase of 2035 lots from last week, the sixth consecutive week of increase
.
The rise in copper prices is expected to continue, but the short-term dollar rally may bring some pressure, and it is expected that the main fluctuation range of Shanghai copper is 52500-53000 yuan
.
