-
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
Today's Shanghai copper trend is weak, the main month 2010 contract opened at 52700 yuan / ton, the highest intraday 52820 yuan / ton, the lowest 51700 yuan / ton, settled 52190 yuan / ton, closed 52070 yuan / ton, down 380 yuan
.
During the Asian session, London copper fluctuated strongly, and the latest quotation at 15:01 Beijing time was 6694.
5 US dollars / ton, up 11.
5 US dollars, or 0.
17%.
Today's domestic spot copper prices fell, Yangtze River non-ferrous metal network 1# copper price was reported at 51920 yuan / ton, down 460 yuan, premium 100-liter 160; Guangdong spot 1# copper price was 51830 yuan / ton, down 490 yuan; Yangtze River spot 1# copper price 51970 yuan / ton, down 430 yuan, premium 120-liter 220; Shanghai spot 1# copper price was 51925 yuan / ton, down 445 yuan
.
In the spot market, traders are more willing to buy at the bottom, and downstream on-demand purchases have rebounded
.
China will usher in the traditional seasonal consumption season, the recovery of overseas demand supports the maintenance of LME inventories, and the short-term copper price volatility is strong
.
Macro-wise, Caixin China's manufacturing PMI recorded 53.
1 in August, up 0.
3 percentage points from July and the highest since
February 2011.
It shows that the post-epidemic economic recovery is still continuing, the supply and demand sides are improving at the same time, and overseas demand is also strengthening
.
In terms of supply, Indonesia's Grasberg miners protested against the mine epidemic prevention measures, road closure strikes, and the epidemic situation in parts of South America and Africa is still worsening, supply disruptions have always existed, and the supply of copper concentrate has been limited
.
On the demand side, the domestic economic data is good, and most of the home appliances increased year-on-year in July, which means that infrastructure, real estate, etc.
will be maintained, and terminal demand has begun to recover
.
Overseas, especially in Europe, the economic recovery process continues to stimulate copper consumption
.
On the whole, copper prices are expected to run
strongly against the background of macro favorable supply constraints and continued recovery of demand.
Strategically, it is recommended to hold
long.
